John P & Lawrence J Giacoletto Fnd
The John P & Lawrence J Giacoletto Foundation is a private foundation based in Marion, Iowa, established in 2004. The foundation honors the legacy of brothers John P. Giacoletto and Lawrence J. Giacoletto, both of whom earned Bachelor's degrees in Electrical Engineering, earned over two dozen patents, and were active participants in the Institute of Electrical and Electronics Engineers (IEEE). The foundation supports educational and philanthropic initiatives with a focus on higher education and lifelong learning.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.2M
+3.9% YoY
Annual Giving
$395K
+0.1% YoY
Grant Count
35
+25.0% YoY
Avg Grant Size
$11K
-20.0% YoY
Under IRS private-foundation payout rules, John P & Lawrence J Giacoletto Fnd reported a distributable amount of $429K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to honor the memory of John and Lawrence Giacoletto by providing funds to government and not-for-profit organizations that support higher education and lifelong learning. As life-long learners themselves, the brothers were dedicated to continual learning, and the foundation seeks to help individuals pursue their ambitions through financial support for continuing education.
Primary funding areas include:
- Higher education scholarships and programs
- Educational enhancement for local schools
- Engineering student scholarships
- Literacy enhancement and library support
- Science and STEM education initiatives
- Nonprofit and philanthropic support
Grantmaking
The foundation has updated its grant application process with four annual grant cycles:
Grant Range
s & Activity:**
Review Cycle
1. **Grant Inquiry** - Organizations complete an initial inquiry to confirm alignment with the foundation's mission
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Iowa: Cedar Rapids, Marion, Hiawatha, Iowa City, Johnston, Des Moines
- Indiana: Clinton, Terre Haute
The foundation also supports specific institutions including Kirkwood Community College, Rose-Hulman Institute of Technology, and Ivy Tech.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $9,190,742
- Total Revenues: $437,156
- Total Expenses: $506,313
- Total Annual Giving: $394,840
Staff: 0 employees (foundation operated by board of directors)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,190,742 | $8,842,299 | $9,547,579 |
| Revenue | $437,156 | $400,678 | $484,372 |
| Expenses | $506,313 | $499,163 | $481,698 |
| Qualifying Distributions | $394,840 | $394,600 | $481,698 |
| Net Investment Income | $325,683 | $296,115 | $366,274 |
| Distributable Amount | $429,112 | $413,448 | $418,791 |
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 2024
Grant Size Distribution
173 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rose-hulman Institute of Technology ($50,000), Cedar Rapids Community Schools Foundation ($36,800), Cedar Rapids Public Library Foundation ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALL SAINTS CATHOLIC CHURCH CEDAR RAPIDS, IA | TUITION ASISTANCE PROGRAM | $10,000 |
| CATHERINE MCAULEY CENTER CEDAR RAPIDS, IA | ENGLISH PROGRAMS FOR IMMIGRANTS/REFUGEES | $8,000 |
| CEDAR AMATEUR ASTRONOMERS INC CEDAR RAPIDS, IA | ROLL OFF MOUNTING SYSTEM | $21,000 |
| CEDAR RAPIDS COMMUNITY SCHOOLS FOUNDATION CEDAR RAPIDS, IA | JEFFERSON HS AEROSPACE ENGINEERING PROGRAM & METRO HS MANUFACTURING AND ROBOTICS PROGRAM | $36,800 |
| CEDAR RAPIDS OPERA THEATRE CEDAR RAPIDS, IA | CHILDREN'S EDUCATIONAL PROGRAMMING | $10,000 |
| CEDAR RAPIDS PUBLIC LIBRARY FOUNDATION CEDAR RAPIDS, IA | WEST SIDE LIBRARY PROJECT - 2ND OF 4 PAYMENTS | $30,000 |
| CHILDREN'S THEATRE OF CEDAR RAPIDS DBA PLAYTIME POPPY CHILDREN'S THEATRE CEDAR RAPIDS, IA | 3 - SUPPORT EDUCATIONAL PROGRAMMING | $5,000 |
| CLINTON INDIANA PUBLIC LIBRARY CLINTON, IA | DOLLY PARTON IMAGINATION LIBRARY | $2,000 |
| CLINTON INDIANA PUBLIC LIBRARY CLINTON, IN | SUMMER READING PROGRAM | $2,000 |
| EASTERN IOWA ARTS ACADEMY CEDAR RAPIDS, IA | "CATALYST FOR CHANGE" PROGRAMMING | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Barbara Allen - Director
- Alex Taylor - Director
- Dick Dearinger - Director
- Martha Norton - Board member
Contact Information:
- Address: PO Box 1149, Marion, IA 52302
- Phone: 319-365-1910
- Email: Info@giacoletto.org
- Website: www.giacoletto.org
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DICK DEARINGER | DIRECTOR | 5 | $16,800 |
| ALEX TAYLOR | DIRECTOR | 5 | $20,400 |
| MARTHA NORTON | DIRECTOR | 5 | $16,800 |
Recent News & Activity
Recent developments and announcements
The foundation continues to support major educational institutions and community organizations. Recent grant activity includes multi-year commitments, such as the Cedar Rapids Public Library Foundation's West Side Library Project, which is being funded in four installments. The foundation maintains an active grant cycle with quarterly application deadlines and regularly reviews new grant inquiries through its updated application process.
$5 Million Gift from the Iacocca Family Foundation | Lehigh University NewsSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does John P & Lawrence J Giacoletto Fnd fund?
The foundation's mission is to honor the memory of John and Lawrence Giacoletto by providing funds to government and not-for-profit organizations that support higher education and lifelong learning. As life-long learners themselves, the brothers were dedicated to continual learning, and the foundation seeks to help individuals pursue their ambitions through financial support for continuing education. Primary funding areas include: • Higher education scholarships and programs • Educational enhan…
How do I apply for a grant from John P & Lawrence J Giacoletto Fnd?
**Grant Sizes & Activity:** • Typical grant awards range from $920 to $50,000 • Total annual giving: $394,840 (2024) • Total assets: $9,190,742 (2024) **Recent Grants (2024):** • Rose-Hulman Institute of Technology: $50,000 (John P. & Lawrence J. Giacoletto Scholarship) • Cedar Rapids Public Library Foundation: $30,000 (West Side Library Project - 2nd of 4 Payments) • Cedar Amateur Astronomers: $21,000 (Roll Off Mounting System) **Application Process:** The foundation has updated its grant appl…
Where does John P & Lawrence J Giacoletto Fnd make grants?
The foundation primarily funds organizations in: • **Iowa:** Cedar Rapids, Marion, Hiawatha, Iowa City, Johnston, Des Moines • **Indiana:** Clinton, Terre Haute The foundation also supports specific institutions including Kirkwood Community College, Rose-Hulman Institute of Technology, and Ivy Tech.
What size grants does John P & Lawrence J Giacoletto Fnd award?
In 2024, John P & Lawrence J Giacoletto Fnd awarded 35 grants totaling $395K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is John P & Lawrence J Giacoletto Fnd required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, John P & Lawrence J Giacoletto Fnd reported a distributable amount of $429K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is John P & Lawrence J Giacoletto Fnd's EIN?
John P & Lawrence J Giacoletto Fnd's EIN (Employer Identification Number) is 20-1777917. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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