Joseph J Grano Scholarship Foundation

Foundation · Grantmaker STAMFORD, CT EIN: 54-2137988

Joseph J Grano Scholarship Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $62K. Net investment income was $16K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$204K

-18.6% YoY

Annual Giving

$62K

+0.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$62K

+0.5% YoY

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.

About Joseph J Grano Scholarship Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $294K (100%)

States

Minnesota

Cities

Minneapolis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$203,688	$250,080	$300,486
Revenue	$17,788	$14,415	$18,847
Expenses	$64,180	$64,821	$64,549
Qualifying Distributions	$61,970	$61,670	$60,660
Net Investment Income	$15,576	$12,042	$15,573
Distributable Amount	$11,093	$12,859	$15,886

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Scholarship America Inc ($61,800).

Recipient	Purpose	Amount
SCHOLARSHIP AMERICA INC MINNEAPOLIS, MN	EDUCATION SCHOLARSHIPS	$61,800

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARC MONTANARO	PRESIDENT	—	—
DIANE FRIMMEL	VICE PRESIDENT	—	—
OLGA TORRES-VILLANUEVA	SECRETARY	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Joseph J Grano Scholarship Foundation?

Joseph J Grano Scholarship Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in STAMFORD, CT. It holds $204K in total assets as of 2024.

How large is Joseph J Grano Scholarship Foundation?

As of 2024, Joseph J Grano Scholarship Foundation holds $204K in total assets with $18K in annual revenue. It awarded 1 grants totaling $62K in 2024.

Where does Joseph J Grano Scholarship Foundation operate?

Joseph J Grano Scholarship Foundation has awarded grants in Minnesota.

What size grants does Joseph J Grano Scholarship Foundation award?

In 2024, Joseph J Grano Scholarship Foundation awarded 1 grants totaling $62K — an average of about $62K per grant, based on its IRS Form 990 filings.

How much is Joseph J Grano Scholarship Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Joseph J Grano Scholarship Foundation reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.