Gallo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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.
About Gallo Family Foundation
Based on IRS filings
Gallo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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 | $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 |
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
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fidelity Charitable Gift Fund ($215,000), Boston Ballet ($102,250), Boston College Trustees ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIDELITY CHARITABLE GIFT FUND BOSTON, MA | CHARITABLE | $215,000 |
| Boston Ballet Boston, MA | GENERAL SUPPORT | $102,250 |
| Boston College Trustees CHESTNUT HILL, MA | GENERAL SUPPORT | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANN C GALLO | TRUSTEE | 1 | — |
| WESLEY KARGER | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gallo Family Foundation?
Gallo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. It holds $6.2M in total assets as of 2024.
How large is Gallo Family Foundation?
As of 2024, Gallo Family Foundation holds $6.2M in total assets with $433K in annual revenue. It awarded 3 grants totaling $342K in 2024.
Where does Gallo Family Foundation operate?
Gallo Family Foundation has awarded grants in Arizona, Colorado, Massachusetts, Utah.
What size grants does Gallo Family Foundation award?
In 2024, Gallo Family Foundation awarded 3 grants totaling $342K — an average of about $114K per grant, based on its IRS Form 990 filings.
How much is Gallo Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gallo Family Foundation reported a distributable amount of $371K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Gallo 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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