Gabelli Foundation Inc
Gabelli Foundation Inc is a private foundation established in 1985 in Nevada. The foundation was founded by Mario J. Gabelli, who is the founder, Chairman, and Chief Executive Officer of GAMCO Investors, Inc., a provider of investment advice and brokerage services to mutual funds, institutional and select investors.
Key facts about Gabelli Foundation Inc
- EIN
- 94-2975159
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $8,736,500
- Grants made (2025)
- 62
- Average grant
- $140,911
- Median grant
- $50,000
- New grantees (estimate)
- 33% first-time grantees (20 of 61, 2025)
- Total assets
- $224,248,959
- Primary geography
- New York (46% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Gabelli Foundation Inc funds
By grant dollars, the top recipient states for Gabelli Foundation Inc's 62 itemized 2025 grants were New York (46%), Massachusetts (16%) and Connecticut (12%). The most frequent recipient cities were New York, NY (14 grants), Greenwich, CT (9 grants), Reno, NV (8 grants) and Bronx, NY (4 grants). 84% of grants with a stated purpose were for general or operating support. Recurring purposes include "Scholarship Fund" (3 grants).
Is Gabelli Foundation Inc open to new grantees?
33%
first-time grantees, 2025
In 2025, 20 of 61 grantees (33%) were first-time recipients. First grants averaged $101K; repeat grants $164K. How we count
Medians: $38K first-time, $50K repeat.
- 67% of 2025 grantees were also funded in 2024. Method
- Giving grew 65% from 2022 to 2025. Method
- In 2025 it paid out 84% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Gabelli Foundation Inc
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$224.2M
+27.3% YoY
Annual Giving
$8.7M
+3.7% YoY
Grant Count
62
+5.1% YoY
Avg Grant Size
$141K
-1.3% YoY
Under IRS private-foundation payout rules, Gabelli Foundation Inc reported a distributable amount of $10.7M for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving focuses primarily on:
- Education
- Youth services
- Social services
Ready to take the next step with Gabelli Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 62 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $224,248,959 | $176,104,054 | $158,193,441 |
| Revenue | $57,922,073 | $27,206,494 | $9,431,473 |
| Expenses | $9,777,180 | $9,295,901 | $8,363,677 |
| Qualifying Distributions | $8,973,385 | $8,635,428 | $7,962,411 |
| Net Investment Income | $25,643,745 | $18,932,335 | $5,959,059 |
| Distributable Amount | $10,738,791 | $8,899,258 | $8,527,292 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
280 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Boston College ($1,350,000), Columbia Business School ($1,000,000), Fordham University ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOSTON COLLEGE Chestnut Hill, MA | PLAZA FUND -CAMPUS IMPROVEMENTS | $1,350,000 |
| COLUMBIA BUSINESS SCHOOL New York, NY | MANHATTANVILLE BUILDING FUND | $1,000,000 |
| FORDHAM UNIVERSITY Bronx, NY | BUSINESS SCHOOL ENDOWMENT FUND | $1,000,000 |
| ROGER WILLIAMS UNIVERSITY Bristol, RI | PROVIDE OPERATING FUNDS | $1,000,000 |
| PRINCETON UNIVERSITY Princeton, NJ | PROVIDE OPERATING FUNDS | $750,000 |
| BRUNSWICK SCHOOL Greenwich, CT | PROVIDE OPERATING FUNDS | $400,000 |
| HOSP FOR SPECIAL SURGERY-F CAMMISA New York, NY | PROVIDE OPERATING FUNDS | $250,000 |
| NYU LANGONE HEALTH New York, NY | PROVIDE OPERATING FUNDS | $250,000 |
| STATUE OF LIBERTY ELLIS ISLAND FDN New York, NY | PROVIDE OPERATING FUNDS | $225,000 |
| SACRED HEART GREENWICH Greenwich, CT | CAPITAL CAMPAIGN | $200,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Mario J. Gabelli - Founder, Chairman, and Chief Executive Officer
Mario J. Gabelli is a 1965 summa cum laude graduate of Fordham University's College of Business Administration. He holds an M.B.A. from Columbia University Graduate School of Business and has received honorary doctorates from both Fordham University and Roger Williams University. He founded GAMCO Investors, Inc. in 1977.
Compensation Overview
From 2025 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Tyler Wilson | Trustee | 1 | $2,500 |
| Michael Gabelli | Trustee | 1 | $2,500 |
| Elexa Wilson | Trustee | 1 | $2,500 |
| Matthew R Gabelli | Trustee | 1 | $2,500 |
| Marc J Gabelli | Trustee | 1 | $2,500 |
| Elisa Gabelli Wilson | President | 25 | $345,000 |
Contact Information
- Location: Reno, NV, United States
- Phone: 908-276-8300
Frequently Asked Questions
What does Gabelli Foundation Inc fund?
The foundation's giving focuses primarily on: • Education • Youth services • Social services
What size grants does Gabelli Foundation Inc award?
In 2025, Gabelli Foundation Inc awarded 62 grants totaling $8.7M — an average of about $141K per grant, based on its IRS Form 990 filings.
How much is Gabelli Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Gabelli Foundation Inc reported a distributable amount of $10.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gabelli Foundation Inc's EIN?
Gabelli Foundation Inc's EIN (Employer Identification Number) is 94-2975159. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.