Galgano Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPERVILLE, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 3 grants totaling $55K. Net investment income was $91K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.7M
+26.9% YoY
Annual Giving
$55K
-39.1% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$18K
-39.1% YoY
Under IRS private-foundation payout rules, Galgano Family Foundation reported a distributable amount of $68K for 2024 — the minimum it must pay out in qualifying distributions.
About Galgano Family Foundation
Based on IRS filings
Galgano Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPERVILLE, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 3 grants totaling $55K. Net investment income was $91K.
Focus Areas
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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 | $1,724,844 | $1,359,739 | $1,551,815 |
| Revenue | $411,281 | $-120,855 | $111,669 |
| Expenses | $62,276 | $114,730 | $242,297 |
| Qualifying Distributions | $55,000 | $90,363 | $151,001 |
| Net Investment Income | $90,595 | $10,701 | $97,925 |
| Distributable Amount | $68,255 | $63,437 | $69,455 |
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
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Little Friends ($25,000), Ok Kids Korral ($25,000), Benet Academy ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BENET ACADEMY LISLE, IL | GENERAL | $5,000 |
| LITTLE FRIENDS WARRENVILLE, IL | GENERAL | $25,000 |
| OK KIDS KORRAL OKLAHOMA CITY, OK | GENERAL | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD G GALGANO | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Galgano Family Foundation?
Galgano Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPERVILLE, IL. It holds $1.7M in total assets as of 2024.
How large is Galgano Family Foundation?
As of 2024, Galgano Family Foundation holds $1.7M in total assets with $411K in annual revenue. It awarded 3 grants totaling $55K in 2024.
Where does Galgano Family Foundation operate?
Galgano Family Foundation has awarded grants in Illinois, Massachusetts, Minnesota, Oklahoma.
What size grants does Galgano Family Foundation award?
In 2024, Galgano Family Foundation awarded 3 grants totaling $55K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Galgano Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Galgano Family Foundation reported a distributable amount of $68K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Galgano Family Foundation's EIN?
Galgano Family Foundation's EIN (Employer Identification Number) is 81-6965769. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Galgano Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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