Fusaro Charitable Foundation
Fusaro Charitable Foundation is a private foundation, based in Worcester, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 3 grants totaling $82K. Net investment income was $100K.
Key facts about Fusaro Charitable Foundation
- EIN
- 04-6056133
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $82,140
- Grants made (2024)
- 3
- Average grant
- $27,380
- Median grant
- $3,500
- Total assets
- $1,054,422
- Primary geography
- Massachusetts (95% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Fusaro Charitable Foundation funds
By grant dollars, the top recipient states for Fusaro Charitable Foundation's 3 itemized 2024 grants were Massachusetts (95%). None of its 3 grants with a stated purpose were described as general or operating support.
How Fusaro Charitable Foundation gives
- Giving grew 73% from 2021 to 2024. Method
- In 2024 it paid out 191% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Fusaro Charitable Foundation
- How to evaluate Fusaro Charitable Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-1.0% YoY
Annual Giving
$82K
+1542.8% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$27K
+995.2% YoY
Under IRS private-foundation payout rules, Fusaro Charitable Foundation reported a distributable amount of $58K for 2024 — the minimum it must pay out in qualifying distributions.
About Fusaro Charitable Foundation
Based on IRS filings
Fusaro Charitable Foundation is a private foundation, based in Worcester, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 3 grants totaling $82K. Net investment income was $100K.
Ready to take the next step with Fusaro Charitable Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,054,422 | $1,065,299 | $1,048,611 |
| Revenue | $100,859 | $59,567 | $42,429 |
| Expenses | $111,736 | $42,879 | $117,824 |
| Qualifying Distributions | $110,844 | $33,035 | $115,828 |
| Net Investment Income | $99,967 | $49,723 | $38,058 |
| Distributable Amount | $58,040 | $56,260 | $52,032 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Gaskov Clergy Foundation ($78,140), Mohela ($3,500), Go Kids Inc ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| GASKOV CLERGY FOUNDATION Worcester, MA | AID | $78,140 |
| MOHELA St Louis, MO | SCHOLARSHIP/AID | $3,500 |
| GO KIDS INC Gilroy, CA | AID | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| John Altomare | Treas/Clerk/ | — | $10,000 |
| Thomas Altomare | Pres/Directo | — | $10,000 |
Frequently Asked Questions
How large is Fusaro Charitable Foundation?
As of 2024, Fusaro Charitable Foundation holds $1.1M in total assets with $101K in annual revenue. It awarded 3 grants totaling $82K in 2024.
Where does Fusaro Charitable Foundation operate?
Fusaro Charitable Foundation has awarded grants in California, Connecticut, District of Columbia, Florida, Georgia, Massachusetts, Michigan, Missouri, New York.
What size grants does Fusaro Charitable Foundation award?
In 2024, Fusaro Charitable Foundation awarded 3 grants totaling $82K — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is Fusaro Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fusaro Charitable Foundation reported a distributable amount of $58K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fusaro Charitable Foundation's EIN?
Fusaro Charitable Foundation's EIN (Employer Identification Number) is 04-6056133. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.