Ganassi Foundation
Ganassi Foundation is a private foundation, based in CHAMPION, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 7 grants totaling $55K. Net investment income was $60K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
+22.1% YoY
Annual Giving
$55K
+1.9% YoY
Grant Count
7
-50.0% YoY
Avg Grant Size
$8K
+103.7% YoY
Under IRS private-foundation payout rules, Ganassi Foundation reported a distributable amount of $64K for 2024 — the minimum it must pay out in qualifying distributions.
About Ganassi Foundation
Based on IRS filings
Ganassi Foundation is a private foundation, based in CHAMPION, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 7 grants totaling $55K. Net investment income was $60K.
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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 | $1,377,279 | $1,127,957 | $1,068,754 |
| Revenue | $104,693 | $25,436 | $100,818 |
| Expenses | $58,176 | $58,602 | $65,133 |
| Qualifying Distributions | $55,000 | $54,000 | $62,000 |
| Net Investment Income | $59,801 | $44,450 | $98,959 |
| Distributable Amount | $63,939 | $54,445 | $53,831 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
50 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Duquesne University ($35,000), Variety - the Childrens Charity ($5,000), National Society of Arts & Letters ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DUQUESNE UNIVERSITY PITTSBURGH, PA | ENDOWED SCHOLARSHIP | $35,000 |
| VARIETY - THE CHILDRENS CHARITY WEXFORD, PA | PURCHASE EQUIPMENT FOR PROGRAMS | $5,000 |
| NATIONAL SOCIETY OF ARTS & LETTERS MOON TOWNSHIP, PA | SCHOLARSHIP COMPETITION | $5,000 |
| PITTSBURGH HISTORY & LANDMARKS FOUN PITTSBURGH, PA | MEMORIUM ADDED TO CORPUS OF FD | $5,000 |
| ACTION FOR ANIMALS LATROBE, PA | VETERINARY SERVICES | $2,000 |
| HUMANE SOCIETY OF SOMERSET CTY SOMERSET, PA | VETERINARY SERVICES | $2,000 |
| FRAZIER SCHOOL DISTRICT PERRYOPOLIS, PA | MUSICAL INSTRUMENTS FOR ELEMENTARY | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANNETTE D GANASSI | TRUSTEE | — | — |
| FLOYD R GANASSI JR | TRUSTEE | — | — |
Frequently Asked Questions
How large is Ganassi Foundation?
As of 2024, Ganassi Foundation holds $1.4M in total assets with $105K in annual revenue. It awarded 7 grants totaling $55K in 2024.
Where does Ganassi Foundation operate?
Ganassi Foundation has awarded grants in Arizona, California, Florida, Indiana, Minnesota, New York, Pennsylvania.
What size grants does Ganassi Foundation award?
In 2024, Ganassi Foundation awarded 7 grants totaling $55K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Ganassi Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ganassi Foundation reported a distributable amount of $64K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ganassi Foundation's EIN?
Ganassi Foundation's EIN (Employer Identification Number) is 25-1591687. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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