Italian American Cultural Foundation

BEACHWOOD, OH EIN: 34-1213061

Italian American Cultural Foundation is a private foundation, based in BEACHWOOD, OH. IRS filing data is available from 2021 through 2022. In 2022, it awarded 25 grants totaling $19K. Net investment income was $3.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$19K

+207.7% YoY

Grant Count

-21.9% YoY

Avg Grant Size

$778.48

+293.9% YoY

Under IRS private-foundation payout rules, Italian American Cultural Foundation reported a distributable amount of $765 for 2022 — the minimum it must pay out in qualifying distributions.

About Italian American Cultural Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $26K (100%)

States

Ohio

Cities

Beachwood

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021
Total Assets	—	$17,642
Revenue	$2,203	$3,003
Expenses	$19,845	$6,725
Qualifying Distributions	$19,462	—
Net Investment Income	$3	$3
Distributable Amount	$765	$846

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2022

Grant Size Distribution

57 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include Lake Erie College ($5,454), Padua Franciscan High School ($5,454), Mayfield City Schools ($5,454).

Recipient	Purpose	Amount
ANGELLE MCINTIRE BEACHWOOD, OH	SCHOLARSHIP	$100
CLEVELAND INSTITUTE MUSIC BEACHWOOD, OH	SCHOLARSHIP	$100
CAMERON GRODHAUS BEACHWOOD, OH	SCHOLARSHIP	$100
CARISSA KRUTER BEACHWOOD, OH	SCHOLARSHIP	$100
DANIEL HEARN BEACHWOOD, OH	SCHOLARSHIP	$100
DANIELLE DAHER BEACHWOOD, OH	SCHOLARSHIP	$100
FRANK CERAOLO BEACHWOOD, OH	SCHOLARSHIP	$100
GAVIN SILL BEACHWOOD, OH	SCHOLARSHIP	$100
GIANNA SOMRAK BEACHWOOD, OH	SCHOLARSHIP	$100
GRACE CADY BEACHWOOD, OH	SCHOLARSHIP	$100

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
CONNIE SANCETTA	PRESIDENT	4	—
CHARLIE MANNO	VICE PRESIDENT	4	—
DOMINIC M D'AMORE JR	TREASURER	4	—
PETER APICELLA	SECRETARY	4	—

Frequently Asked Questions

Where does Italian American Cultural Foundation operate?

Italian American Cultural Foundation has awarded grants in Ohio.

What size grants does Italian American Cultural Foundation award?

In 2022, Italian American Cultural Foundation awarded 25 grants totaling $19K — an average of about $778.48 per grant, based on its IRS Form 990 filings.

How much is Italian American Cultural Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Italian American Cultural Foundation reported a distributable amount of $765 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Italian American Cultural Foundation's EIN?

Italian American Cultural Foundation's EIN (Employer Identification Number) is 34-1213061. IRS Form 990 filing data is available on this page for 2021–2022.