Mark and Jessie Milano Foundation
Mark and Jessie Milano Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.2M in total assets. In 2024, it awarded 18 grants totaling $810K. Net investment income was $410K.
Key facts about Mark and Jessie Milano Foundation
- EIN
- 20-8004580
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $810,100
- Grants made (2024)
- 18
- Average grant
- $45,006
- Median grant
- $22,000
- New grantees (estimate)
- 40% first-time grantees (4 of 10, 2024)
- Total assets
- $4,201,224
- Primary geography
- California (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Mark and Jessie Milano Foundation funds
By grant dollars, the top recipient states for Mark and Jessie Milano Foundation's 18 itemized 2024 grants were California (100%). The most frequent recipient cities were Tehachapi, CA (6 grants), Davis, CA (5 grants), San Luis Obispo, CA (3 grants) and Los Angeles, CA (2 grants). 11% of grants with a stated purpose were for general or operating support.
Is Mark and Jessie Milano Foundation open to new grantees?
40%
first-time grantees, 2024
In 2024, 4 of 10 grantees (40%) were first-time recipients. First grants averaged $19K; repeat grants $123K. How we count
Medians: $10K first-time, $52K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving grew 88% from 2021 to 2024. Method
- In 2024 it paid out 297% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Mark and Jessie Milano Foundation
- How to evaluate Mark and Jessie Milano Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.2M
-9.3% YoY
Annual Giving
$810K
+374.4% YoY
Grant Count
18
+80.0% YoY
Avg Grant Size
$45K
+163.6% YoY
Under IRS private-foundation payout rules, Mark and Jessie Milano Foundation reported a distributable amount of $283K for 2024 — the minimum it must pay out in qualifying distributions.
About Mark and Jessie Milano Foundation
Based on IRS filings
Mark and Jessie Milano Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.2M in total assets. In 2024, it awarded 18 grants totaling $810K. Net investment income was $410K.
Focus Areas
Ready to take the next step with Mark and Jessie Milano Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 18 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,201,224 | $4,633,570 | $4,635,269 |
| Revenue | $454,140 | $245,561 | $292,447 |
| Expenses | $886,486 | $247,260 | $560,984 |
| Qualifying Distributions | $840,001 | $199,226 | $506,093 |
| Net Investment Income | $410,255 | $200,527 | $244,856 |
| Distributable Amount | $282,869 | $267,139 | $283,627 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
63 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Adventist Health Medical Center Tehachapi ($400,000), California Polytechnic State University Foundation ($200,000 across 3 grants), The California 4-H Foundation ($80,000 across 5 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| ADVENTIST HEALTH MEDICAL CENTER TEHACHAPI Tehachapi, CA | Adventist Health Tehachapi Valley Outpatient Clinic Endowment fund | $400,000 |
| CALIFORNIA POLYTECHNIC STATE UNIVERSITY FOUNDATION San Luis Obispo, CA | California State University San Luis Obispo Milano Family Rodeo Scholarship fund | $75,000 |
| CALIFORNIA POLYTECHNIC STATE UNIVERSITY FOUNDATION San Luis Obispo, CA | California State University San Luis Obispo Milano Family Rodeo Scholarship Fund | $75,000 |
| CALIFORNIA POLYTECHNIC STATE UNIVERSITY FOUNDATION San Luis Obispo, CA | Cal Poly Rodeo Scholarship Fund | $50,000 |
| THE CALIFORNIA 4-H FOUNDATION Davis, CA | Modoc County 4-H "Wish List Funds for Presentation Day Cash Awards; Hi 4-H State College Trip; State Leadership Conference; Top Shots; Civic Engagement at the Capitol; Officer's Training; Devil's Garden Colt Challenge | $35,000 |
| CALIFORNIA STATE UNIVERSITY Los Angeles, CA | James Garrett Memorial Scholarship Fund and internship program | $27,500 |
| CALIFORNIA STATE UNIVERSITY Los Angeles, CA | James Garrett Memorial Scholarship Fund and internship program | $27,500 |
| THE CALIFORNIA 4-H FOUNDATION Davis, CA | 2024 Modoc County 4-H Milano Family Scholarship Fund | $25,000 |
| SUPPORT STALLION SPRINGS FOUNDATION Tehachapi, CA | Stallion Springs Police Equipment Fund for New Body Worn Cameras (BWC) for Stallion Springs Police Department Officers | $24,000 |
| TEHACHAPI MOUNTAIN RODEO ASSOCIATION Tehachapi, CA | General & Unrestricted | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jessie Milano | Dir, VP | 1 | — |
| Mark R Milano | Pres, Dir, Sec | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mark and Jessie Milano Foundation?
Mark and Jessie Milano Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $4.2M in total assets as of 2024.
How large is Mark and Jessie Milano Foundation?
As of 2024, Mark and Jessie Milano Foundation holds $4.2M in total assets with $454K in annual revenue. It awarded 18 grants totaling $810K in 2024.
Where does Mark and Jessie Milano Foundation operate?
Mark and Jessie Milano Foundation has awarded grants in California, Colorado, New York, Texas, Vermont.
What size grants does Mark and Jessie Milano Foundation award?
In 2024, Mark and Jessie Milano Foundation awarded 18 grants totaling $810K — an average of about $45K per grant, based on its IRS Form 990 filings.
How much is Mark and Jessie Milano Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mark and Jessie Milano Foundation reported a distributable amount of $283K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mark and Jessie Milano Foundation's EIN?
Mark and Jessie Milano Foundation's EIN (Employer Identification Number) is 20-8004580. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.