John P & Lawrence J Giacoletto Fnd
The John P & Lawrence J Giacoletto Foundation is a private foundation based in Marion, Iowa. Established in 2007, it honors the wishes of John and Lawrence Giacoletto by supporting government and nonprofit organizations working in STEAM education and lifelong learning.
Key facts about John P & Lawrence J Giacoletto Fnd
In short: John P & Lawrence J Giacoletto Fnd gave $395K across 35 grants in 2024 (avg $11K), mostly in Iowa. 27% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 20-1777917
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $394,840
- Grants made (2024)
- 35
- Average grant
- $11,281
- Median grant
- $10,000
- New grantees (estimate)
- 27% first-time grantees (9 of 33, 2024)
- Total assets
- $9,190,742
- Primary geography
- Iowa (83% of itemized 2024 grant dollars)
- How to apply
- The foundation accepts grant inquiries through its website. Full details ↓
- Deadline
- Full applications are due by 4:30 p.m.
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
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.
Is John P & Lawrence J Giacoletto Fnd open to new grantees?
27%
first-time grantees, 2024
In 2024, 9 of 33 grantees (27%) were first-time recipients. First grants averaged $9K; repeat grants $13K. How we count
Medians: $10K first-time, $10K repeat.
- 58% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+4%). Method
- In 2024 it paid out 92% 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 (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation says it carries on the Giacoletto brothers’ devotion to STEAM education and their interest in the technical and cultural aspects of life. Its website also emphasizes support for lifelong learning and continuing education.
Its grants have supported scholarships, school programs and supplies, library projects, literacy, and cultural and educational programming. For example, Rose-Hulman Institute of Technology describes its mission as providing undergraduate education in engineering, mathematics, and science; the Cedar Rapids Public Library Foundation says it mobilizes resources to support library programs and services; and the Linn-Mar School Foundation says it supports K–12 classrooms, curriculum, and enrichment programs. These are the grantees’ descriptions of their own work.
The foundation awards grants to government entities and qualifying tax-exempt organizations. It states that it does not distribute funds to private individuals or corporations.
Grantmaking
In 2024, the foundation reported 35 grants totaling $394,840. Grant amounts ranged from $920 to $50,000, with a median of $10,000.
Among the larger 2024 awards were $50,000 to Rose-Hulman Institute of Technology for the John P. & Lawrence J. Giacoletto Scholarship; $36,800 to Cedar Rapids Community Schools Foundation for aerospace engineering and manufacturing and robotics programs; $30,000 to Cedar Rapids Public Library Foundation for the West Side Library Project; $21,000 to Cedar Amateur Astronomers for a roll-off mounting system; and $20,000 each to Matthew 25 for a school outreach program and New Bohemian Innovation Collaborative for K–12 programming.
Review Cycle
Full applications are due by 4:30 p.m. on March 31, June 30, September 30, and December 10.
How to Apply
The foundation accepts grant inquiries through its website. Applicants begin with a grant inquiry; after review, the foundation may invite an organization to submit a full application. Full applications are considered at quarterly board meetings. The foundation says applicants must be government entities or qualifying tax-exempt organizations, and awards are limited to U.S. charities and schools. It does not consider requests for endowment funds. A full application requires proof of eligible tax-exempt status and the organization’s most recent financial statement or Form 990.
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Geographic Focus
Where this funder awards grants
In 2024, 83% of grant dollars went to recipients in Iowa and 17% to recipients in Indiana. The foundation’s filing also describes direct charitable activities supporting local schools, scholarships at Kirkwood Community College, Rose-Hulman Institute of Technology and Ivy Tech, and literacy enhancement at public libraries in the Clinton, Indiana, and Cedar Rapids, Iowa, corridor.
Grant Distribution by State
Share of 2024 grant dollars across all 35 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $330K (2020) to $395K (2024). In 2024 it made 35 grants totaling $395K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Rose-Hulman Institute of Technology ($50K). Together the top 10 received $238K.
Grant Size Distribution
173 grants across all recorded years
The most common grant size was under $50K: 168 grants of 173 (97%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rose-Hulman Institute of Technology Terre Haute, IN | John P. & Lawrence J. Giacoletto Scholarship | $50,000 |
| Cedar Rapids Community Schools Foundation Cedar Rapids, IA | Jefferson hs aerospace engineering program & metro hs manufacturing and robotics program | $36,800 |
| Cedar Rapids Public Library Foundation Cedar Rapids, IA | West side library project - 2nd of 4 payments | $30,000 |
| Cedar Amateur Astronomers Inc Cedar Rapids, IA | Roll Off Mounting System | $21,000 |
| Matthew 25 Cedar Rapids, IA | School Outreach Program | $20,000 |
| New Bohemian Innovation Collarborative Cedar Rapids, IA | K-12 Programming | $20,000 |
| Kirkwood Community College Foundation Cedar Rapids, IA | John P. & Lawrence J. Giacoletto Scholarship | $15,000 |
| Linn-Mar School Foundation Marion, IA | Microscopes/Portable Carts | $15,000 |
| All Saints Catholic Church Cedar Rapids, IA | Tuition Asistance Program | $10,000 |
| Cedar Rapids Opera Theatre Cedar Rapids, IA | Children's Educational Programming | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $9,190,742 | $437,156 | $506,313 | $394,840 |
| 2023 | $8,842,299 | $400,678 | $499,163 | $394,600 |
| 2022 | $9,547,579 | $484,372 | $481,698 | $363,600 |
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Dick Dearinger, Alex Taylor, and Martha Norton as directors.
John P & Lawrence J Giacoletto Fnd's 2024 filing lists 3 officers; all 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Alex Taylor
Director
On filings since 2020
5 hrs/week
$20K (2021) → $20K (2024)
Dick Dearinger
Director
On filings since 2020
5 hrs/week
$17K (2021) → $17K (2024)
Martha Norton
Director
On filings since 2021
5 hrs/week
$4K (2021) → $17K (2024)
Former officers (1)
- Former: Barbara Allen (2020–2021) — Director
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 $20K, to Alex Taylor (Director). 3 officers or directors reported compensation on that filing.
Contact
Application contact: Dick Dearinger
Mailing address: PO Box 1149, Marion, IA 52302
Phone: (319) 651-1888
Email: info@giacoletto.org
Website: https://giacoletto.org
Frequently asked questions about John P & Lawrence J Giacoletto Fnd
How much does John P & Lawrence J Giacoletto Fnd give each year?
John P & Lawrence J Giacoletto Fnd gave $395K across 35 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $395K across 28 grants.
What is John P & Lawrence J Giacoletto Fnd's typical grant size?
John P & Lawrence J Giacoletto Fnd's median grant in 2024 was $10,000, and its average grant was $11,281, across 35 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from John P & Lawrence J Giacoletto Fnd that year got $9K on average.
Where does John P & Lawrence J Giacoletto Fnd give grants?
John P & Lawrence J Giacoletto Fnd gives mostly in Iowa: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Indiana (17%). The most frequent recipient cities were Cedar Rapids, IA (23 grants), Marion, IA (5 grants), Terre Haute, IN (2 grants) and Clinton, IN (2 grants).
Does John P & Lawrence J Giacoletto Fnd give general operating support?
Not in 2024: none of the 35 grants with a stated purpose on John P & Lawrence J Giacoletto Fnd's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "John P. & Lawrence J. Giacoletto Scholarship" (3 grants).
Who are John P & Lawrence J Giacoletto Fnd's largest grantees?
John P & Lawrence J Giacoletto Fnd's largest 2024 grantees include Rose-Hulman Institute of Technology ($50,000), Cedar Rapids Community Schools Foundation ($36,800) and Cedar Rapids Public Library Foundation ($30,000), according to its 2024 IRS Form 990-PF. Together they received 30% of its itemized 2024 grant dollars.
How large is John P & Lawrence J Giacoletto Fnd?
John P & Lawrence J Giacoletto Fnd reported $9.2M in total assets on its 2024 IRS Form 990-PF. It paid out $395K in qualifying distributions that year, against a required minimum of $429K (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 John P & Lawrence J Giacoletto Fnd fund?
The foundation says it carries on the Giacoletto brothers’ devotion to STEAM education and their interest in the technical and cultural aspects of life. Its website also emphasizes support for lifelong learning and continuing education. See mission & focus areas ↑
How do I apply for a grant from John P & Lawrence J Giacoletto Fnd?
The foundation accepts grant inquiries through its website. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching John P & Lawrence J Giacoletto Fnd by hand.
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