John & Edith Sacco 1996 Char Fnd

Private foundation · Grantmaker Dallas, TX EIN: 04-7024281

John & Edith Sacco 1996 Char Fnd is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $7.4M in total assets. In 2025, it awarded 1 grant totaling $573K. Net investment income was $498K.

Key facts about John & Edith Sacco 1996 Char Fnd

In short: John & Edith Sacco 1996 Char Fnd gave $573K across 1 grant in 2025 (avg $573K), mostly in Rhode Island. Source: 2025 IRS Form 990-PF.

EIN
04-7024281
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$572,654
Grants made (2025)
1
Average grant
$572,654
Median grant
$572,654
Total assets
$7,427,944
Primary geography
Rhode Island (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$7.4M

-2.1% YoY

Annual Giving

$573K

+24.0% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$573K

+24.0% YoY

Under IRS private-foundation payout rules, John & Edith Sacco 1996 Char Fnd reported a distributable amount of $730K for 2025 — the minimum it must pay out in qualifying distributions.

How John & Edith Sacco 1996 Char Fnd gives

  • Giving held roughly steady from 2022 to 2025 (+14%). Method
  • In 2025 it paid out 88% 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

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Providence

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $462K (2024) to $573K (2025). In 2025 it made 1 grant totaling $573K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Please See Attached List: $573KPlease See Attached List$573K

The largest 2025 recipient was Please See Attached List ($573K).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K3$250–500K2$500K–1M$1–5M$5M+

The most common grant size was in the $250–500K range: 3 grants of 5 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Please See Attached List Providence, RIUnrestricted General$572,654

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$7,427,944$7,585,037$7,584,878
Revenue$590,773$619,079$1,067,015
Expenses$744,935$622,440$599,528
Qualifying Distributions$639,736$523,746$524,645
Net Investment Income$497,826$530,895$991,407
Distributable Amount$729,831$673,045$582,037

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS April 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 6, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS April 26, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 16, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 10, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)

Leadership & Key People

Officers and directors from IRS filings

John & Edith Sacco 1996 Char Fnd's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Bank Of America

    Trustee

    On filings since 2020

    1 hr/week

    $68K (2020) → $92K (2025)

  • Joseph P. Sacco

    Co Trustee

    On filings since 2020

    50 hrs/week

    $19K (2020) → $26K (2025)

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Bank of America — Trustee: $92KBank of AmericaTrustee$92KJoseph P Sacco — Co Trustee: $26KJoseph P SaccoCo Trustee$26K

The highest reported compensation on the 2025 filing was $92K, to Bank of America (Trustee). 2 officers or directors reported compensation on that filing.

Frequently asked questions about John & Edith Sacco 1996 Char Fnd

How much does John & Edith Sacco 1996 Char Fnd give each year?

John & Edith Sacco 1996 Char Fnd gave $573K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $462K across 1 grant.

How large is John & Edith Sacco 1996 Char Fnd?

John & Edith Sacco 1996 Char Fnd reported $7.4M in total assets on its 2025 IRS Form 990-PF. It paid out $640K in qualifying distributions that year, against a required minimum of $730K (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.

Where does John & Edith Sacco 1996 Char Fnd operate?

John & Edith Sacco 1996 Char Fnd has awarded grants in Rhode Island.

What is John & Edith Sacco 1996 Char Fnd's EIN?

John & Edith Sacco 1996 Char Fnd's EIN (Employer Identification Number) is 04-7024281. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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