Gallo Family Foundation
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
Share of 2024 grant dollars across all 3 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
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
The most common grant size was under $50K: 18 grants of 27 (67%).
Giving History
Grant recipients and amounts by year
| 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 |
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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.
Here's the math on researching Gallo Family Foundation by hand.
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