Fusaro Charitable Foundation
Fusaro Charitable Foundation is a private foundation, based in Worcester, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 9 grants totaling $43K. Net investment income was $128K.
Fusaro Charitable Foundation at a glance
In short: Fusaro Charitable Foundation gave $43K across 9 grants in 2025 (avg $5K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $42,500
- -48.3% vs 2024
- Grants made (2025)
- 9
- +200.0% vs 2024
- Average grant
- $4,722
- -82.8% vs 2024
- Median grant
- $3,500
- Total assets
- $1,115,023
- +5.7% vs 2024
- Primary geography
- Massachusetts (58% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Fusaro Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Mohela ($10K). Together the top 6 received $25K.
Organizations only. It also paid 3 individual scholarships ($18,000), which are not listed by name.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 28 grants of 29 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Fusaro Charitable Foundation gives
- Giving fell 53% from 2022 to 2025. Method
- In 2025 it paid out 104% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $5K (2023) to $91K (2022). In 2025 it made 9 grants totaling $43K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mohela St. Louis, MO | Scholarship/Aid | $10,000 |
| 3 individual scholarships Recipients not named | — | $18,000 |
| Baystate Savings Charitable Foundat Worcester, MA | AID | $4,000 |
| Seven Hills Foundation Worcester, MA | AID | $3,500 |
| Michigan State University East Lansing, MI | Scholarship/Aid | $3,500 |
| Holden Christian Academy Holden, MA | Scholarship/ Aid | $2,500 |
| Boston Chinatown Neighborhood Ctr Boston, MA | AID | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,115,023 | $130,047 | $69,446 | $42,500 | 9 | $67,424 | $128,025 | $64,606 |
| 2024 | $1,054,422 | $100,859 | $111,736 | $82,140 | 3 | $110,844 | $99,967 | $58,040 |
| 2023 | $1,065,299 | $59,567 | $42,879 | $5,000 | 2 | $33,035 | $49,723 | $56,260 |
| 2022 | $1,048,611 | $42,429 | $117,824 | $91,378 | 9 | $115,828 | $38,058 | $52,032 |
| 2021 | $1,124,006 | $325,527 | $70,989 | $47,480 | 6 | $70,580 | $177,400 | $50,661 |
| 2020 | $869,468 | $35,153 | $40,216 | $14,500 | 4 | — | $34,620 | $47,415 |
Under IRS private-foundation payout rules, Fusaro Charitable Foundation reported a distributable amount of $65K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Fusaro Charitable Foundation is led by Thomas Altomare, President & Director on every filing since 2020; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Thomas Altomare
President & Director
On filings since 2020
$10K (2020) → $10K (2025)
John Altomare
Treasurer & Clerk
On filings since 2020
$10K (2020) → $10K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $10K, to John Altomare (Treas/Clerk/). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Fusaro Charitable Foundation
How much does Fusaro Charitable Foundation give each year?
Fusaro Charitable Foundation gave $43K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $82K across 3 grants.
What is Fusaro Charitable Foundation's typical grant size?
Fusaro Charitable Foundation's median grant in 2025 was $3,500, and its average grant was $4,722, across 9 grants on its 2025 IRS Form 990-PF.
Where does Fusaro Charitable Foundation give grants?
Fusaro Charitable Foundation gives mostly in Massachusetts: 58% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Missouri (24%) and Florida (11%). The most frequent recipient cities were Worcester, MA (2 grants).
Does Fusaro Charitable Foundation give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Fusaro Charitable Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship/Aid" (6 grants) and "Aid" (3 grants).
Who are Fusaro Charitable Foundation's largest grantees?
Fusaro Charitable Foundation's largest 2025 grantees include Mohela ($10,000), Baystate Savings Charitable Foundat ($4,000) and Seven Hills Foundation ($3,500), according to its 2025 IRS Form 990-PF. It also paid 3 individual scholarships ($18,000), which are not listed by name. Together they received 41% of its itemized 2025 grant dollars.
How large is Fusaro Charitable Foundation?
Fusaro Charitable Foundation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $67K in qualifying distributions that year, against a required minimum of $65K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS December 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)
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