Luigi Damiano Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WARWICK, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 4 grants totaling $407K. Net investment income was $90K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.9M
-2.1% YoY
Annual Giving
$407K
+61.8% YoY
Grant Count
4
+100.0% YoY
Avg Grant Size
$102K
-19.1% YoY
Under IRS private-foundation payout rules, Luigi Damiano Foundation reported a distributable amount of $519K for 2024 — the minimum it must pay out in qualifying distributions.
About Luigi Damiano Foundation
Based on IRS filings
Luigi Damiano Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WARWICK, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 4 grants totaling $407K. Net investment income was $90K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,912,594 | $3,998,533 | $4,050,910 |
| Revenue | $89,532 | $79,387 | $68,773 |
| Expenses | $411,204 | $255,438 | $125,050 |
| Qualifying Distributions | $406,601 | $251,335 | $121,076 |
| Net Investment Income | $89,532 | $79,387 | $68,773 |
| Distributable Amount | $518,867 | $408,189 | $359,211 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fidelity Charitable ($187,695), Fidelity Charitable ($144,706), Fidelity Charitable ($73,894).
| Recipient | Purpose | Amount |
|---|---|---|
| FIDELITY CHARITABLE COVINGTON, KY | TO FACILITATE GRANTS TO PUBLIC CHARITIES | $187,695 |
| FIDELITY CHARITABLE COVINGTON, KY | TO FACILITATE GRANTS TO PUBLIC CHARITIES | $144,706 |
| FIDELITY CHARITABLE COVINGTON, KY | TO FACILITATE GRANTS TO PUBLIC CHARITIES | $73,894 |
| FIDELITY CHARITABLE COVINGTON, KY | TO FACILITATE GRANTS TO PUBLIC CHARITIES | $306 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANGELA SALAS | DIRECTOR, PRESIDENT, TREASURER | 0.5 | — |
| CHRISTOPHER SALAS MD | DIRECTOR, SECRETARY | 0.5 | — |
| FRANK LAFAZIA MD | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Luigi Damiano Foundation?
Luigi Damiano Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WARWICK, RI. It holds $3.9M in total assets as of 2024.
How large is Luigi Damiano Foundation?
As of 2024, Luigi Damiano Foundation holds $3.9M in total assets with $90K in annual revenue. It awarded 4 grants totaling $407K in 2024.
Where does Luigi Damiano Foundation operate?
Luigi Damiano Foundation has awarded grants in Kentucky, South Carolina.
What size grants does Luigi Damiano Foundation award?
In 2024, Luigi Damiano Foundation awarded 4 grants totaling $407K — an average of about $102K per grant, based on its IRS Form 990 filings.
How much is Luigi Damiano Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Luigi Damiano Foundation reported a distributable amount of $519K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Luigi Damiano Foundation's EIN?
Luigi Damiano Foundation's EIN (Employer Identification Number) is 80-0512766. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Luigi Damiano Foundation'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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