Giordano Foundation Inc
Giordano Foundation Inc is a private foundation, based in VERO BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $556K in total assets. In 2024, it awarded 7 grants totaling $34K. Net investment income was $27K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$556K
-1.6% YoY
Annual Giving
$34K
-54.4% YoY
Grant Count
7
-22.2% YoY
Avg Grant Size
$5K
-41.4% YoY
Under IRS private-foundation payout rules, Giordano Foundation Inc reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.
About Giordano Foundation Inc
Based on IRS filings
Giordano Foundation Inc is a private foundation, based in VERO BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $556K in total assets. In 2024, it awarded 7 grants totaling $34K. Net investment income was $27K.
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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 | $556,414 | $565,487 | $616,905 |
| Revenue | $27,936 | $26,860 | $566,046 |
| Expenses | $36,660 | $78,215 | $36,645 |
| Qualifying Distributions | $34,000 | $74,550 | $29,250 |
| Net Investment Income | $26,886 | $25,129 | $4,509 |
| Distributable Amount | $27,574 | $29,475 | $29,620 |
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
33 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ymca of Martha's Vineyard ($10,000), Island Autism ($10,000), Indian River Habitat for Humanity ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| INDIAN RIVER HABITAT FOR HUMANITY VERO BEACH, FL | CHARITABLE | $5,000 |
| MARTHA'S VINEYARD SHELLFISH GROUP HAVEN, MA | CHARITABLE | $500 |
| THE VINEYARD PRESERVATION TRUST EDGARTOWN, MA | CHARITABLE | $2,500 |
| WHEELS AND KEELS FOUNDATION VERO BEACH, FL | CHARITABLE | $5,000 |
| HABITAT MARTHA'S VINEYARD VINEYARD HAVEN, MA | CHARITABLE | $1,000 |
| YMCA OF MARTHA'S VINEYARD VINEYARD HAVEN, MA | CHARITABLE | $10,000 |
| ISLAND AUTISM EDGARTOWN, MA | CHARITABLE | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH GIORDANO | PRES/DIR | 2 | — |
| SALVATORE GIORDANO | VP/DIR | 2 | — |
| SIMONE MUSCARNERA | ACTING SEC | 2 | — |
Frequently Asked Questions
How large is Giordano Foundation Inc?
As of 2024, Giordano Foundation Inc holds $556K in total assets with $28K in annual revenue. It awarded 7 grants totaling $34K in 2024.
Where does Giordano Foundation Inc operate?
Giordano Foundation Inc has awarded grants in Florida, Massachusetts, New Jersey, New York, Pennsylvania, Tennessee.
What size grants does Giordano Foundation Inc award?
In 2024, Giordano Foundation Inc awarded 7 grants totaling $34K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Giordano Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Giordano Foundation Inc reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Giordano Foundation Inc's EIN?
Giordano Foundation Inc's EIN (Employer Identification Number) is 13-6051827. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Giordano Foundation Inc'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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