Lato Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAUKESHA, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $656K in total assets. In 2024, it awarded 12 grants totaling $65K. Net investment income was $38K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$656K
-0.5% YoY
Annual Giving
$65K
-16.1% YoY
Grant Count
12
-7.7% YoY
Avg Grant Size
$5K
-9.1% YoY
Under IRS private-foundation payout rules, Lato Family Foundation Inc reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.
About Lato Family Foundation Inc
Based on IRS filings
Lato Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAUKESHA, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $656K in total assets. In 2024, it awarded 12 grants totaling $65K. Net investment income was $38K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $656,105 | $659,320 | $740,783 |
| Revenue | $47,196 | $12,015 | $-31,386 |
| Expenses | $73,886 | $85,659 | $98,050 |
| Qualifying Distributions | $8,886 | $85,659 | $98,050 |
| Net Investment Income | $38,310 | $6,933 | — |
| Distributable Amount | $39,900 | $37,983 | $42,959 |
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
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wi Center for Christian Study ($10,000), Global Scholars ($8,500), Milwauke Rescue Mission ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| GLOBAL SERVICE NETWORK INC APEX, NC | GENERAL OPERATIONS | $4,000 |
| GLOBAL SCHOLARS OVERLAND PARK, KS | GENERAL OPERATIONS | $8,500 |
| BROOKLINK INC BROOKFIELD, WI | GENERAL OPERATIONS | $7,000 |
| FRONTIERS PHOENIX, AZ | GENERAL OPERATIONS | $4,000 |
| MILWAUKE RESCUE MISSION MILWAUKEE, WI | GENERAL OPERATIONS | $7,500 |
| TELLING THE TRUTH BROOKFIELD, WI | GENERAL OPERATIONS | $6,000 |
| CLAPHAM INSTITUTE ANNAPOLIS, MD | GENERAL OPERATIONS | $4,000 |
| WI CENTER FOR CHRISTIAN STUDY WAUKESHA, WI | GENERAL OPERATIONS | $10,000 |
| UNITED WORLD MISSION CHARLOTTE, NC | GENERAL OPERATIONS | $2,000 |
| ADVANCED STUDIES IN CULTURE CHARLOTTESVILLE, VA | GENERAL OPERATIONS | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOAN M LATO | PRES/TREAS | 1 | — |
| GARY J LATO | VP/SECR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lato Family Foundation Inc?
Lato Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAUKESHA, WI. It holds $656K in total assets as of 2024.
How large is Lato Family Foundation Inc?
As of 2024, Lato Family Foundation Inc holds $656K in total assets with $47K in annual revenue. It awarded 12 grants totaling $65K in 2024.
Where does Lato Family Foundation Inc operate?
Lato Family Foundation Inc has awarded grants in Arizona, Illinois, Kansas, Maryland, Minnesota, North Carolina, Oregon, Texas, Virginia, Wisconsin.
What size grants does Lato Family Foundation Inc award?
In 2024, Lato Family Foundation Inc awarded 12 grants totaling $65K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Lato Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lato Family Foundation Inc reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lato Family Foundation Inc's EIN?
Lato Family Foundation Inc's EIN (Employer Identification Number) is 20-5677633. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Lato Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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