Gallo Family Foundation

Private foundation · Grantmaker Boston, MA EIN: 81-2632670

Gallo Family Foundation is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.2M in total assets. In 2024, it awarded 3 grants totaling $342K. Net investment income was $433K.

Key facts about Gallo Family Foundation

In short: Gallo Family Foundation gave $342K across 3 grants in 2024 (avg $114K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.

EIN
81-2632670
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$342,250
Grants made (2024)
3
Average grant
$114,083
Median grant
$102,250
Total assets
$6,151,113
Primary geography
Massachusetts (100% 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

$6.2M

+1.4% YoY

Annual Giving

$342K

+38.3% YoY

Grant Count

3

-50.0% YoY

Avg Grant Size

$114K

+176.7% YoY

Under IRS private-foundation payout rules, Gallo Family Foundation reported a distributable amount of $371K for 2024 — the minimum it must pay out in qualifying distributions.

How Gallo Family Foundation gives

  • Giving grew 57% from 2021 to 2024. Method
  • In 2024 it paid out 92% 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

BostonTucsonCambridgePark CityChestnut HillGeneseNantucketSpringfield

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K6 grants2020 5 grants2021 7 grants2022 6 grants2023 3 grants2024

From 2020 to 2024, annual grant giving ranged from $103K (2020) to $342K (2024). In 2024 it made 3 grants totaling $342K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Fidelity Charitable Gift Fund: $215KFidelity Charitable Gift Fund$215KBoston Ballet: $102KBoston Ballet$102KBoston College Trustees: $25KBoston College Trustees$25K

The largest 2024 recipient was Fidelity Charitable Gift Fund ($215K). Together the top 3 received $342K.

Grant Size Distribution

27 grants across all recorded years

18<$50K4$50–100K5$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 18 grants of 27 (67%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Fidelity Charitable Gift Fund Boston, MACharitable$215,000
Boston Ballet Boston, MAGeneral Support$102,250
Boston College Trustees Chestnut Hill, MAGeneral Support$25,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$6,151,113$6,065,185$6,062,136
Revenue$432,921$253,849$2,103,149
Expenses$346,993$250,800$302,319
Qualifying Distributions$342,320$247,900$294,929
Net Investment Income$432,921$253,849$184,490
Distributable Amount$371,208$341,440$259,198

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

Gallo Family Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Ann C. Gallo

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Wesley Karger

    Trustee

    On filings since 2020

    1 hr/week

    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 Gallo Family Foundation

How much does Gallo Family Foundation give each year?

Gallo Family Foundation gave $342K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $247K across 6 grants.

What is Gallo Family Foundation's typical grant size?

Gallo Family Foundation's median grant in 2024 was $102,250, and its average grant was $114,083, across 3 grants on its 2024 IRS Form 990-PF.

Where does Gallo Family Foundation give grants?

Gallo Family Foundation gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (2 grants).

Does Gallo Family Foundation give general operating support?

Yes: 67% of Gallo Family Foundation's 2024 grants with a stated purpose (2 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.

How large is Gallo Family Foundation?

Gallo Family Foundation reported $6.2M in total assets on its 2024 IRS Form 990-PF. It paid out $342K in qualifying distributions that year, against a required minimum of $371K (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 Gallo Family Foundation's EIN?

Gallo Family Foundation's EIN (Employer Identification Number) is 81-2632670. 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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