Galgano Family Foundation

Private foundation · Grantmaker Naperville, IL EIN: 81-6965769

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.

Key facts about Galgano Family Foundation

In short: Galgano Family Foundation gave $55K across 3 grants in 2024 (avg $18K), mostly in Illinois. Source: 2024 IRS Form 990-PF.

EIN
81-6965769
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$55,000
Grants made (2024)
3
Average grant
$18,333
Median grant
$25,000
Total assets
$1,724,844
Primary geography
Illinois (55% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

LisleChicagoOklahoma CityGolden ValleyWoodridgeBridgewaterWarrenville

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K3 grants2020 4 grants2021 4 grants2022 3 grants2023 3 grants2024

From 2020 to 2024, annual grant giving ranged from $55K (2024) to $173K (2020). In 2024 it made 3 grants totaling $55K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Little Friends: $25KLittle Friends$25KOk Kids Korral: $25KOk Kids Korral$25KBenet Academy: $5KBenet Academy$5K

The largest 2024 recipient was Little Friends ($25K). Together the top 3 received $55K.

Grant Size Distribution

17 grants across all recorded years

13<$50K2$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 13 grants of 17 (76%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Little Friends Warrenville, ILGeneral$25,000
Ok Kids Korral Oklahoma City, OKGeneral$25,000
Benet Academy Lisle, ILGeneral$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2020 2021 2022 2023 2024
Metric202420232022
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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.

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