Joseph J Grano Scholarship Foundation
Joseph J Grano Scholarship Foundation is a private foundation, based in Stamford, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $204K in total assets. In 2024, it awarded 1 grant totaling $62K. Net investment income was $16K.
Joseph J Grano Scholarship Foundation at a glance
In short: Joseph J Grano Scholarship Foundation gave $62K across 1 grant in 2024 (avg $62K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $61,800
- +0.5% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $61,800
- +0.5% vs 2023
- Median grant
- $61,800
- Total assets
- $203,688
- -18.6% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Joseph J Grano Scholarship Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Scholarship America Inc ($62K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Joseph J Grano Scholarship Foundation gives
- Giving held roughly steady from 2021 to 2024 (+3%). Method
- In 2024 it paid out 559% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $50K (2020) to $62K (2024). In 2024 it made 1 grant totaling $62K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Scholarship America Inc Minneapolis, MN | Education Scholarships | $61,800 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $203,688 | $17,788 | $64,180 | $61,800 | 1 | $61,970 | $15,576 | $11,093 |
| 2023 | $250,080 | $14,415 | $64,821 | $61,500 | 1 | $61,670 | $12,042 | $12,859 |
| 2022 | $300,486 | $18,847 | $64,549 | $60,500 | 1 | $60,660 | $15,573 | $15,886 |
| 2021 | $346,188 | $42,768 | $64,424 | $60,100 | 1 | $60,260 | $38,973 | $20,066 |
| 2020 | $368,215 | $37,288 | $64,281 | $50,000 | 1 | — | $20,355 | $20,348 |
Under IRS private-foundation payout rules, Joseph J Grano Scholarship Foundation reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Joseph J Grano Scholarship Foundation is led by Marc Montanaro, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Marc Montanaro
President
On filings since 2020
No compensation reported
Diane Frimmel
Vice President
On filings since 2020
No compensation reported
Olga Torres-Villanueva
Secretary
On filings since 2020
No compensation reported
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.
Frequently asked questions about Joseph J Grano Scholarship Foundation
How much does Joseph J Grano Scholarship Foundation give each year?
Joseph J Grano Scholarship Foundation gave $62K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $62K across 1 grant.
How large is Joseph J Grano Scholarship Foundation?
Joseph J Grano Scholarship Foundation reported $204K in total assets on its 2024 IRS Form 990-PF. It paid out $62K in qualifying distributions that year, against a required minimum of $11K (roughly 5% of its investment assets).
Where does Joseph J Grano Scholarship Foundation operate?
Joseph J Grano Scholarship Foundation has awarded grants in Minnesota.
What is Joseph J Grano Scholarship Foundation's EIN?
Joseph J Grano Scholarship Foundation's EIN (Employer Identification Number) is 54-2137988. 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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