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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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