Locasto Family Foundation
Locasto Family Foundation is a private foundation, based in Paradise Valley, AZ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 3 grants totaling $78K. Net investment income was $824K.
Key facts about Locasto Family Foundation
In short: Locasto Family Foundation gave $78K across 3 grants in 2024 (avg $26K), mostly in Arizona. Source: 2024 IRS Form 990-PF.
- EIN
- 36-4437866
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $77,500
- Grants made (2024)
- 3
- Average grant
- $25,833
- Median grant
- $25,000
- Total assets
- $1,475,529
- Primary geography
- Arizona (65% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+102.0% YoY
Annual Giving
$78K
+121.0% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$26K
+194.6% YoY
Under IRS private-foundation payout rules, Locasto Family Foundation reported a distributable amount of $73K for 2024 — the minimum it must pay out in qualifying distributions.
How Locasto Family Foundation gives
- Giving grew 98% from 2021 to 2024. Method
- In 2024 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $12K (2022) to $78K (2024). In 2024 it made 3 grants totaling $78K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was The Society of St Vincent De Paul ($50K). Together the top 3 received $78K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 14 grants of 16 (88%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Society of St Vincent De Paul Phoenix, AZ | Unrestricted | $50,000 |
| Lurie Children's Hospital Chicago, IL | Unrestricted | $25,000 |
| Boa Foundation Inc Santa Monica, CA | Unrestricted | $2,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,475,529 | $730,555 | $691,634 |
| Revenue | $824,784 | $75,396 | $1,711 |
| Expenses | $79,810 | $36,475 | $15,919 |
| Qualifying Distributions | $78,203 | $35,475 | $12,415 |
| Net Investment Income | $823,677 | $74,396 | $5,260 |
| Distributable Amount | $72,976 | $56,468 | $49,148 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 22, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 5, 2025)
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Officers and directors from IRS filings
Locasto Family Foundation is led by George W. Locasto, President on every filing since 2019; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
George W. Locasto
President
On filings since 2019
3 hrs/week
No compensation reported
Charlene Locasto
Secretary
On filings since 2019
0.2 hrs/week
No compensation reported
Christine Wear
Vice President
On filings since 2019
0.2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Locasto Family Foundation
How much does Locasto Family Foundation give each year?
Locasto Family Foundation gave $78K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $35K across 4 grants.
What is Locasto Family Foundation's typical grant size?
Locasto Family Foundation's median grant in 2024 was $25,000, and its average grant was $25,833, across 3 grants on its 2024 IRS Form 990-PF.
Where does Locasto Family Foundation give grants?
Locasto Family Foundation gives mostly in Arizona: 65% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Illinois (32%).
Does Locasto Family Foundation give general operating support?
Yes: 100% of Locasto Family Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Locasto Family Foundation?
Locasto Family Foundation reported $1.5M in total assets on its 2024 IRS Form 990-PF. It paid out $78K in qualifying distributions that year, against a required minimum of $73K (roughly 5% of its investment assets).
What is Locasto Family Foundation's EIN?
Locasto Family Foundation's EIN (Employer Identification Number) is 36-4437866. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
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