Mary and Ralph Gesualdo Family Foundation

Private foundation · Grantmaker Lake Forest, IL EIN: 46-1584255

Mary and Ralph Gesualdo Family is a private foundation based in Lake Forest, Illinois. It made 22 grants totaling $1,176,500 in 2024, supporting organizations working in areas including health care, education, disability services, food access, and humanitarian work.

Key facts about Mary and Ralph Gesualdo Family Foundation

In short: Mary and Ralph Gesualdo Family Foundation gave $1.2M across 22 grants in 2024 (avg $53K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.

EIN
46-1584255
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$1,176,500
Grants made (2024)
22
Average grant
$53,477
Median grant
$20,000
Total assets
$9,741,666
Primary geography
Minnesota (53% of itemized 2024 grant dollars)
How to apply
The foundation does not restrict giving to preselected organizations. Full details ↓

Data from IRS Form 990-PF, 2024; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$9.7M

+0.0% YoY

Annual Giving

$1.2M

+60.9% YoY

Grant Count

22

+4.8% YoY

Avg Grant Size

$53K

+53.6% YoY

Under IRS private-foundation payout rules, Mary and Ralph Gesualdo Family Foundation reported a distributable amount of $501K for 2024 — the minimum it must pay out in qualifying distributions.

How Mary and Ralph Gesualdo Family Foundation gives

  • 64% of 2024 grantees were also funded in 2023. Method
  • Giving grew 334% from 2021 to 2024. Method
  • In 2024 it paid out 235% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2024 grantees illustrate the range of organizations it supports. Mayo Clinic describes its mission as providing care to patients through clinical practice, education, and research. Evans Scholars Foundation says it provides scholarships and educational opportunities for caddies. Clearbrook says it supports people with intellectual and developmental disabilities and their families through services including day programs, employment, residential care, and clinical services.

Other 2024 grantees describe work in food access: Northern Illinois Food Bank provides meals through a network of pantries and programs, while Feeding America works to ensure equitable access to nutritious food. World Vision describes itself as a Christian humanitarian organization working with children, families, and communities worldwide. These are the grantees’ stated missions, not the foundation’s.

Grantmaking

In 2024, the foundation made 22 grants totaling $1,176,500. Grant amounts ranged from $500 to $625,000, with a median of $20,000. It made 21 grants totaling $731,000 in 2023 and 15 grants totaling $590,000 in 2022.

The largest 2024 grants included $625,000 to Mayo Clinic, $125,000 to Loyola Academy, and $100,000 to Lurie Children’s Hospital. Other grants included $50,000 each to Clearbrook and Evans Scholars Foundation, and $25,000 each to Northern Illinois Food Bank and World Vision.

How to Apply

The foundation does not restrict giving to preselected organizations. Organizations should contact the Foundation and provide information necessary to determine whether they qualify under IRC Section 501(c)(3). The only stated restriction is that the organization must be a qualifying 501(c)(3) organization.

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Geographic Focus

Where this funder awards grants

In 2024, 53% of grant dollars went to recipients in Minnesota and 41% to recipients in Illinois. New York and Connecticut each received 2%, and the District of Columbia received 1%.

Grant Distribution by State

11states

Share of 2024 grant dollars across all 22 itemized grants.

Cities

ChicagoArlington HeightsGenevaRochesterWashingtonFairfieldWilmetteArlingtonGlenviewLake ForestPalatineSan FranciscoWaukeganBoca RatonBrooklynCoral GablesGrand RapidsLos AngelesMinotNew York

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M1 grant2019 13 grants2020 9 grants2021 15 grants2022 21 grants2023 22 grants2024

From 2019 to 2024, annual grant giving ranged from $100K (2019) to $1.2M (2024). In 2024 it made 22 grants totaling $1.2M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Mayo Clinic: $625KMayo Clinic$625KLoyola Academy: $125KLoyola Academy$125KLurie Children's Hospital: $100KLurie Children's Hospital$100KClearbrook: $50KClearbrook$50KEvans Scholars Foundation: $50KEvans Scholars Foundation$50KNorthern Illinois Food Bank: $25KNorthern Illinois Food Bank$25KWorld Vision: $25KWorld Vision$25KSt Jude's Children Hospital: $20KSt Jude's Children Hospital$20KSave The Children: $20KSave The Children$20KDoctors Without Borders: $20KDoctors Without Borders$20K

The largest 2024 recipient was Mayo Clinic ($625K). Together the top 10 received $1.1M.

Grant Size Distribution

80 grants across all recorded years

59<$50K7$50–100K13$100–250K$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 59 grants of 80 (74%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Mayo Clinic Rochester, MNTo accomplish the organization's activities$625,000
Loyola Academy Wilmette, ILTo accomplish the organization's activities$125,000
Lurie Children's Hospital Chicago, ILTo accomplish the organization's activities$100,000
Clearbrook Arlington Heights, ILTo accomplish the organization's activities$50,000
Evans Scholars Foundation Glenview, ILTo accomplish the organization's objectives$50,000
Northern Illinois Food Bank Geneva, ILTo accomplish the organization's activities$25,000
World Vision Chicago, ILTo accomplish the organization's activities$25,000
St Jude's Children Hospital Chicago, ILTo accomplish the organization's activities$20,000
Save The Children Fairfield, CTTo accomplish the organization's objectives$20,000
Doctors Without Borders New York, NYTo accomplish the organization's activities$20,000

Financial History

Multi-year comparison from IRS filings

Filing year Grants awarded Number of grants
2024 $1,176,500 22
2023 $731,000 21
2022 $590,000 15
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M2019 2020 2021 2022 2023 2024
Metric202420232022
Total Assets$9,741,666$9,737,998$7,491,699
Revenue$1,225,171$3,006,823$2,964,620
Expenses$1,221,503$760,424$616,453
Qualifying Distributions$1,178,702$732,937$591,890
Net Investment Income$343,722$201,968$71,528
Distributable Amount$501,463$422,101$302,727

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS July 27, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS June 24, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS July 13, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
  7. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Ralph Gesualdo as president, and Mary Gesualdo, Francis Gesualdo, Jeneane Gesualdo, and Paige Gesualdo as directors.

Mary and Ralph Gesualdo Family Foundation is led by Ralph Gesualdo, President on every filing since 2019; none of the 5 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Ralph Gesualdo

    President

    On filings since 2019

    5 hrs/week

    No compensation reported

  • Francis Gesualdo

    Director

    On filings since 2019

    No compensation reported

  • Jeneane Gesualdo

    Director

    On filings since 2019

    No compensation reported

  • Mary Gesualdo

    Director

    On filings since 2019

    5 hrs/week

    No compensation reported

  • Paige Gesualdo

    Director

    On filings since 2019

    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.

Contact

Application contact: Foundation
Mailing address: 1418 N Green Bay Road, Lake Forest, IL 60045
Phone: (414) 543-3000

Frequently asked questions about Mary and Ralph Gesualdo Family Foundation

How much does Mary and Ralph Gesualdo Family Foundation give each year?

Mary and Ralph Gesualdo Family Foundation gave $1.2M across 22 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $731K across 21 grants.

What is Mary and Ralph Gesualdo Family Foundation's typical grant size?

Mary and Ralph Gesualdo Family Foundation's median grant in 2024 was $20,000, and its average grant was $53,477, across 22 grants on its 2024 IRS Form 990-PF.

Where does Mary and Ralph Gesualdo Family Foundation give grants?

Mary and Ralph Gesualdo Family Foundation gives mostly in Minnesota: 53% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Illinois (41%). The most frequent recipient cities were Chicago, IL (9 grants).

Does Mary and Ralph Gesualdo Family Foundation give general operating support?

Not in 2024: none of the 22 grants with a stated purpose on Mary and Ralph Gesualdo Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To accomplish the organization's activities" (19 grants) and "To accomplish the organization's objectives" (3 grants).

Who are Mary and Ralph Gesualdo Family Foundation's largest grantees?

Mary and Ralph Gesualdo Family Foundation's largest 2024 grantees include Mayo Clinic ($625,000), Loyola Academy ($125,000) and Lurie Children's Hospital ($100,000), according to its 2024 IRS Form 990-PF. Together they received 72% of its itemized 2024 grant dollars.

How large is Mary and Ralph Gesualdo Family Foundation?

Mary and Ralph Gesualdo Family Foundation reported $9.7M in total assets on its 2024 IRS Form 990-PF. It paid out $1.2M in qualifying distributions that year, against a required minimum of $501K (roughly 5% of its investment assets).

What does Mary and Ralph Gesualdo Family Foundation fund?

No mission statement for the foundation is provided. Its 2024 grantees illustrate the range of organizations it supports. Mayo Clinic describes its mission as providing care to patients through clinical practice, education, and research. See mission & focus areas ↑

How do I apply for a grant from Mary and Ralph Gesualdo Family Foundation?

The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Mary and Ralph Gesualdo Family Foundation's EIN?

Mary and Ralph Gesualdo Family Foundation's EIN (Employer Identification Number) is 46-1584255. 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. Research dossier generated September 2026.

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