Galgano Family Foundation
Galgano Family Foundation is a private foundation, 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.
Galgano Family Foundation at a glance
In short: Galgano Family Foundation gave $55K across 3 grants in 2024 (avg $18K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $55,000
- -39.1% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $18,333
- -39.1% vs 2023
- Median grant
- $25,000
- Total assets
- $1,724,844
- +26.9% vs 2023
- Primary geography
- Illinois (55% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Galgano Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Little Friends ($25K). Together the top 3 received $55K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 13 grants of 17 (76%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Galgano Family Foundation gives
- Giving fell 33% from 2021 to 2024. Method
- In 2024 it paid out 81% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2024, annual grant giving ranged from $55K (2024) to $173K (2020). In 2024 it made 3 grants totaling $55K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Little Friends Warrenville, IL | General | $25,000 |
| Ok Kids Korral Oklahoma City, OK | General | $25,000 |
| Benet Academy Lisle, IL | General | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,724,844 | $411,281 | $62,276 | $55,000 | 3 | $55,000 | $90,595 | $68,255 |
| 2023 | $1,359,739 | $-120,855 | $114,730 | $90,363 | 3 | $90,363 | $10,701 | $63,437 |
| 2022 | $1,551,815 | $111,669 | $242,297 | $151,001 | 4 | $151,001 | $97,925 | $69,455 |
| 2021 | $1,652,579 | $396,802 | $87,158 | $82,500 | 4 | $82,500 | $129,421 | $36,870 |
| 2020 | $1,342,935 | $86,100 | $186,565 | $173,000 | 3 | — | $82,296 | $69,806 |
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.
Leadership & Key People
Officers and directors from IRS filings
Galgano Family Foundation is led by Richard G. Galgano, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Richard G. Galgano
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Galgano Family Foundation
How much does Galgano Family Foundation give each year?
Galgano Family Foundation gave $55K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $90K across 3 grants.
What is Galgano Family Foundation's typical grant size?
Galgano Family Foundation's median grant in 2024 was $25,000, and its average grant was $18,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does Galgano Family Foundation give grants?
Galgano Family Foundation gives mostly in Illinois: 55% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Oklahoma (45%).
Does Galgano Family Foundation give general operating support?
Yes: 100% of Galgano Family Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Galgano Family Foundation?
Galgano Family Foundation reported $1.7M in total assets on its 2024 IRS Form 990-PF. It paid out $55K in qualifying distributions that year, against a required minimum of $68K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Galgano Family Foundation funds
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