Iorio Charitable Foundation Dtd 1141993
Iorio Charitable Foundation Dtd 1141993 is a private foundation based in Worcester, Massachusetts. It makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds, according to its 2023 filing.
Iorio Charitable Foundation Dtd 1141993 at a glance
- Total assets
- $1,698,822
- +7.4% vs 2023
- Revenue (2024)
- $148,077
- +337.4% vs 2023
- Qualifying distributions (2024)
- $9,140
- -88.3% vs 2023
- Expenses (2024)
- $30,573
- -65.2% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Iorio Charitable Foundation Dtd 1141993
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 100 Front Street 5Th Floor, Worcester, MA 01608
Phone: (508) 459-8000
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Iorio Charitable Foundation Dtd 1141993 funds
How this funder distributes its grants
Grant Size Distribution
84 grants across all recorded years
The most common grant size was under $50K: 84 grants of 84 (100%).
Geographic Focus
Where this funder awards grants
A 2023 grant went to MCPHS University in Boston, Massachusetts. The available information does not state a geographic focus.
Grant Distribution by State
Cities
Is Iorio Charitable Foundation Dtd 1141993 open to new grantees?
20%
first-time grantees, 2023
In 2023, 3 of 15 grantees (20%) were first-time recipients. With only 15 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $7K; repeat grants $5K. How we count
Medians: $7K first-time, $4K repeat.
- 80% of 2023 grantees were also funded in 2022. Method
- Giving fell 22% from 2020 to 2023. Method
- In 2024 it paid out 9% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2023). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $76K (2023) to $110K (2022). In 2023 it made 15 grants totaling $76K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Coffe Unlimited New York, NY | General | $10,000 |
| MCPHS University Worcester, MA | General | $10,000 |
| Foxborough High School Foxboro, MA | General | $7,000 |
| John J Ahern Middle School Parent a Foxboro, MA | General | $7,000 |
| Millis Middle High School Millis, MA | General | $7,000 |
| Parents of PS9 New York, NY | General | $7,000 |
| PTA of MS54 Inc New York, NY | General | $7,000 |
| Trustees of Reservations Boston, MA | General | $5,000 |
| Norfolk Hunt Pony Club Fa United S Medfield, MA | General | $3,000 |
| Anna Maria College Paxton, MA | General Support | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,698,822 | $148,077 | $30,573 | — | — | $9,140 | $132,790 | $105,381 |
| 2023 | $1,581,909 | $33,854 | $87,845 | $76,000 | 15 | $78,110 | $45,183 | $96,959 |
| 2022 | $1,635,900 | $52,255 | $129,888 | $110,000 | 22 | $111,592 | $36,221 | $94,956 |
| 2021 | $1,728,347 | $153,797 | $127,361 | $109,500 | 21 | — | $126,785 | $116,348 |
| 2020 | $1,701,911 | $77,472 | $116,662 | $98,000 | 26 | — | $63,094 | $99,726 |
Under IRS private-foundation payout rules, Iorio Charitable Foundation Dtd 1141993 reported a distributable amount of $105K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2023 filing says it contributes only to preselected charitable organizations. One 2023 grantee, MCPHS University, describes its mission as preparing students for health care careers through teaching, scholarship, research, professional service, and community engagement.
Grantmaking
The foundation reported 15 grants totaling $76,000 in 2023, an average of about $5,067 per grant. In 2022, it reported 22 grants totaling $110,000. Its 2024 filing reported no grants.
MCPHS University in Boston received $10,000 in 2023.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists SUMNER B TILTON JR, DOROTHY IORIO, and THEODORE L IORIO as trustees.
Iorio Charitable Foundation Dtd 1141993's 2024 filing lists 3 officers; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Sumner B. Tilton Jr.
Trustee
On filings since 2020
5 hrs/week
$12K (2024)
Dorothy Iorio
Trustee
On filings since 2020
5 hrs/week
No compensation reported
Theodore L. Iorio
Trustee
On filings since 2020
5 hrs/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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $12K, to Sumner B Tilton Jr (Trustee).
Frequently asked questions about Iorio Charitable Foundation Dtd 1141993
How large is Iorio Charitable Foundation Dtd 1141993?
Iorio Charitable Foundation Dtd 1141993 reported $1.7M in total assets on its 2024 IRS Form 990-PF. It paid out $9K in qualifying distributions that year, against a required minimum of $105K (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 does Iorio Charitable Foundation Dtd 1141993 fund?
No mission statement for the foundation is provided. Its 2023 filing says it contributes only to preselected charitable organizations. See mission & focus areas ↑
How do I apply for a grant from Iorio Charitable Foundation Dtd 1141993?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Iorio Charitable Foundation Dtd 1141993 make grants?
A 2023 grant went to MCPHS University in Boston, Massachusetts. The available information does not state a geographic focus.
What is Iorio Charitable Foundation Dtd 1141993's EIN?
Iorio Charitable Foundation Dtd 1141993's EIN (Employer Identification Number) is 04-6745180. IRS Form 990 filing data is available on this page for 2020–2024.
Does Iorio Charitable Foundation Dtd 1141993 accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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