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.
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
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 |
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 include Gaskov Clergy Foundation ($78,140), Mohela ($3,500), Go Kids Inc ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| GASKOV CLERGY FOUNDATION WORCESTER, MA | AID | $78,140 |
| GO KIDS INC GILROY, CA | AID | $500 |
| MOHELA ST LOUIS, MO | SCHOLARSHIP/AID | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in Fusaro Charitable Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Conservation Food and Health Foundation
BOSTON, MA
Assets
$14.6M
Grants
49
Total Given
$2.2M
Charles J Tasker Memorial Scholarship Fund
HANOVER, MA
Assets
$98K
Grants
1
Total Given
$8K
The Bulens Family Foundation
WELLESLEY, MA
Assets
$3.0M
Grants
68
Total Given
$956K
Marshall M & Barbara J Sloane Pvt Found
CHESTNUT HILL, MA
Assets
$1.2M
Grants
11
Total Given
$75K
John J Mcardle Iii & Joan C Mcardle
ANDOVER, MA
Assets
$1.8M
Grants
13
Total Given
$205K
Massachusetts Association of Realtors
FOXBOROUGH, MA
Assets
$18.1M
Grants
2
Total Given
$71K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Fusaro Charitable Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Fusaro Charitable Foundation to a real strategy.