Jose and Nicole Costa Foundation Inc

CORAL GABLES, FL EIN: 86-2863597

Jose and Nicole Costa Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORAL GABLES, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $3K in total assets. In 2024, it awarded 4 grants totaling $27K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3K

-80.7% YoY

Annual Giving

$27K

+143.3% YoY

Grant Count

4

+33.3% YoY

Avg Grant Size

$7K

+82.5% YoY

Under IRS private-foundation payout rules, Jose and Nicole Costa Foundation Inc reported a distributable amount of $285 for 2024 — the minimum it must pay out in qualifying distributions.

About Jose and Nicole Costa Foundation Inc

Based on IRS filings

Jose and Nicole Costa Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORAL GABLES, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $3K in total assets. In 2024, it awarded 4 grants totaling $27K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Coral GablesCoral GaglesMiami

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$9K$18K$27K$36K2021202220232024
Metric202420232022
Total Assets$3,002$15,538$13,291
Revenue$20,110$30,379$40
Expenses$32,851$30,877$11,600
Qualifying Distributions$32,667$30,488$11,505
Net Investment Income
Distributable Amount$285$1,007$1,551

Giving Over Time

Total grant dollars and number of grants per year

$0$7K$13K$20K$27K0 grants20212 grants20223 grants20234 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

GABRIELA TORRES DE NAVARRA$10KLORENZO TORRES$10KOSCAR GARCIA JR$5KAXEL DANIEL CONTRERAS BO…$2K

Grant Size Distribution

9 grants across all recorded years

9<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Gabriela Torres De Navarra ($10,000), Lorenzo Torres ($10,000), Oscar Garcia Jr ($5,000).

RecipientPurposeAmount
GABRIELA TORRES DE NAVARRA CORAL GABLES, FLSCHOLARSHIP FOR UNDERGRAD EDUCATION PROGRAM$10,000
LORENZO TORRES CORAL GABLES, FLSCHOLARSHIP FOR UNDERGRAD EDUCATION PROGRAM$10,000
OSCAR GARCIA JR CORAL GAGLES, FLSCHOLARSHIP FOR UNDERGRAD EDUCATION PROGRAM$5,000
AXEL DANIEL CONTRERAS BONILLA CORAL GABLES, FLSCHOLARSHIP FOR UNDERGRAD EDUCATION PROGRAM$1,768

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
JOSE COSTAPRESIDENT/TREASURER1
NICOLE COSTAVICE PRESIDENT/SECRETARY1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Jose and Nicole Costa Foundation Inc?

Jose and Nicole Costa Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORAL GABLES, FL. It holds $3K in total assets as of 2024.

How large is Jose and Nicole Costa Foundation Inc?

As of 2024, Jose and Nicole Costa Foundation Inc holds $3K in total assets with $20K in annual revenue. It awarded 4 grants totaling $27K in 2024.

Where does Jose and Nicole Costa Foundation Inc operate?

Jose and Nicole Costa Foundation Inc has awarded grants in Florida.

What size grants does Jose and Nicole Costa Foundation Inc award?

In 2024, Jose and Nicole Costa Foundation Inc awarded 4 grants totaling $27K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Jose and Nicole Costa Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Jose and Nicole Costa Foundation Inc reported a distributable amount of $285 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Jose and Nicole Costa Foundation Inc's EIN?

Jose and Nicole Costa Foundation Inc's EIN (Employer Identification Number) is 86-2863597. IRS Form 990 filing data is available on this page for 2021–2024.

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

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