Lato Family Foundation Inc
Lato Family Foundation Inc is a private foundation based in Waukesha, Wisconsin. In its 2024 filing, it reported giving $65,000 through 12 grants to charitable organizations, with listed grants supporting organizations in Wisconsin and other states.
Lato Family Foundation Inc at a glance
In short: Lato Family Foundation Inc gave $65K across 12 grants in 2024 (avg $5K), mostly in Wisconsin. 8% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $65,000
- -16.1% vs 2023
- Grants made (2024)
- 12
- -7.7% vs 2023
- Average grant
- $5,417
- -9.1% vs 2023
- Median grant
- $5,000
- Total assets
- $656,105
- -0.5% vs 2023
- New grantees (estimate)
- 8% first-time grantees (1 of 12, 2024; small sample)
- Primary geography
- Wisconsin (55% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Lato Family Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: S27W29293 Jennie Ct, Waukesha, WI 53188-9518
Phone: (262) 358-2258
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Lato Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was WI Center for Christian Study ($10K). Together the top 10 received $61K.
Grant Size Distribution
66 grants across all recorded years
The most common grant size was under $50K: 66 grants of 66 (100%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars were distributed among recipients in Wisconsin (55%), Kansas (13%), North Carolina (9%), Texas (8%), and Arizona (6%). The listed recipients also included organizations in Maryland and Virginia.
Grant Distribution by State
Share of 2024 grant dollars across all 12 itemized grants.
Cities
Is Lato Family Foundation Inc open to new grantees?
8%
first-time grantees, 2024
In 2024, 1 of 12 grantees (8%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $5K; repeat grants $5K. How we count
Medians: $5K first-time, $5K repeat.
- 83% of 2024 grantees were also funded in 2023. Method
- Giving fell 31% from 2021 to 2024. Method
- In 2024 it paid out 22% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $65K (2024) to $94K (2021). In 2024 it made 12 grants totaling $65K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| WI Center for Christian Study Waukesha, WI | General Operations | $10,000 |
| Global Scholars Overland Park, KS | General Operations | $8,500 |
| Milwauke Rescue Mission Milwaukee, WI | General Operations | $7,500 |
| Brooklink Inc Brookfield, WI | General Operations | $7,000 |
| Telling the Truth Brookfield, WI | General Operations | $6,000 |
| Kingdom Prep Academy Wauwatosa, WI | General Operations | $5,000 |
| Commission Ministers Network Kerrville, TX | General Operations | $5,000 |
| Global Service Network Inc Apex, NC | General Operations | $4,000 |
| Frontiers Phoenix, AZ | General Operations | $4,000 |
| Clapham Institute Annapolis, MD | General Operations | $4,000 |
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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 | $656,105 | $47,196 | $73,886 | $65,000 | 12 | $8,886 | $38,310 | $39,900 |
| 2023 | $659,320 | $12,015 | $85,659 | $77,500 | 13 | $85,659 | $6,933 | $37,983 |
| 2022 | $740,783 | $-31,386 | $98,050 | $77,500 | 14 | $98,050 | — | $42,959 |
| 2021 | $858,875 | $50,913 | $118,951 | $94,000 | 15 | $118,951 | $25,962 | $54,838 |
| 2020 | $965,413 | $384 | $110,068 | $92,000 | 12 | — | — | $51,443 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s own filing does not state a mission. Its 2024 grants included organizations whose stated missions involve Christian education, leadership development, ministry support, and sharing Christian teachings. For example, Global Scholars says it equips Christian academics to have a redemptive influence in their institutions and disciplines; BrookLink says it equips global Christian leaders to fulfill Jesus’ Great Commission; and Telling the Truth says it uses media to share Bible teachings. These are the grantees’ descriptions of their own work.
Grantmaking
In 2024, the foundation gave $65,000 through 12 grants. Grant amounts ranged from $2,000 to $10,000, with a median grant of $5,000. The largest grants included $10,000 to WI Center for Christian Study, $8,500 to Global Scholars, $7,500 to Milwaukee Rescue Mission, $7,000 to BrookLink Inc, and $6,000 to Telling the Truth.
Other 2024 recipients included Kingdom Prep Academy ($5,000), Commission Ministers Network ($5,000), Global Service Network Inc ($4,000), Frontiers ($4,000), Clapham Institute ($4,000), United World Mission ($2,000), and Advanced Studies in Culture ($2,000). All listed grant purposes were general operations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists JOAN M LATO as president and treasurer and GARY J LATO as vice president and secretary.
Lato Family Foundation Inc is led by Joan M. Lato, President & Treasurer since 2023 (on filings since 2020); none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Joan M. Lato
President & Treasurer
President → President Treasurer, 2021
President Treasurer → President & Treasurer, 2023
On filings since 2020
1 hr/week
No compensation reported
Gary J. Lato
Vice President & Secretary
Vice President Treasurer → Vice President Secretary, 2022
Vice President Secretary → Vice President & Secretary, 2023
On filings since 2020
1 hr/week
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 Lato Family Foundation Inc
How much does Lato Family Foundation Inc give each year?
Lato Family Foundation Inc gave $65K across 12 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $78K across 13 grants.
What is Lato Family Foundation Inc's typical grant size?
Lato Family Foundation Inc's median grant in 2024 was $5,000, and its average grant was $5,417, across 12 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Lato Family Foundation Inc that year got $5K on average.
Where does Lato Family Foundation Inc give grants?
Lato Family Foundation Inc gives mostly in Wisconsin: 55% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Kansas (13%) and North Carolina (9%). The most frequent recipient cities were Brookfield, WI (2 grants).
Does Lato Family Foundation Inc give general operating support?
Yes: 100% of Lato Family Foundation Inc's 2024 grants with a stated purpose (12 of 12) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Lato Family Foundation Inc's largest grantees?
Lato Family Foundation Inc's largest 2024 grantees include WI Center for Christian Study ($10,000), Global Scholars ($8,500) and Milwauke Rescue Mission ($7,500), according to its 2024 IRS Form 990-PF. Together they received 40% of its itemized 2024 grant dollars.
How large is Lato Family Foundation Inc?
Lato Family Foundation Inc reported $656K in total assets on its 2024 IRS Form 990-PF. It paid out $9K in qualifying distributions that year, against a required minimum of $40K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Lato Family Foundation Inc fund?
The foundation’s own filing does not state a mission. Its 2024 grants included organizations whose stated missions involve Christian education, leadership development, ministry support, and sharing Christian teachings. See mission & focus areas ↑
How do I apply for a grant from Lato Family Foundation Inc?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Lato Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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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Cite this profile
Grantable. (2026). Lato Family Foundation Inc funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/lato-family-foundation-inc-morg_ef5ed1ee951340d7beb43b97c5ce34b4
BibTeX
@misc{grantable_205677633_2026,
author = {{Grantable}},
title = {{Lato Family Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/lato-family-foundation-inc-morg_ef5ed1ee951340d7beb43b97c5ce34b4},
note = {Accessed 2026-10-13. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Lato Family Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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