Michael and Suzanne Carusillo
Michael and Suzanne Carusillo is a private foundation, based in Itasca, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $471K in total assets. In 2025, it awarded 8 grants totaling $310K. Net investment income was $1.
Michael and Suzanne Carusillo at a glance
In short: Michael and Suzanne Carusillo gave $310K across 8 grants in 2025 (avg $39K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $309,600
- +46.1% vs 2024
- Grants made (2025)
- 8
- +60.0% vs 2024
- Average grant
- $38,700
- -8.7% vs 2024
- Median grant
- $10,000
- Total assets
- $471,149
- +1567.9% vs 2024
- Primary geography
- New York (65% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Michael and Suzanne Carusillo funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Mayo Clinic ($200K). Together the top 7 received $285K.
Organizations only. It also paid 1 grant to individuals ($25,000), which are not listed by name.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 25 grants of 31 (81%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Michael and Suzanne Carusillo gives
- Giving held roughly steady from 2022 to 2025 (+19%). Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $35K (2019) to $310K (2025). In 2025 it made 8 grants totaling $310K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mayo Clinic Rochester, NY | Supporting patients an delivering world-class healthcare. | $200,000 |
| Marist High School Chicago, IL | Supporting Catholic Co-Ed college prep education and tuition assistance. | $50,000 |
| 1 grant to individuals Recipients not named | — | $25,000 |
| Evans Scholarship Glenview, IL | Providing Scholarship support. | $10,000 |
| Pine Valley Tuition Support Fund San Ramon, CA | Supporting school programs. | $10,000 |
| Illinois PGA Foundation Golf, IL | To improve lives and positively impact communities through the game of golf. | $7,100 |
| NIU Foundation DeKalb, IL | Provide students with quality education. | $5,000 |
| University of North Florida Men's Golf Jacksonville, FL | Suporting education and sports | $2,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $471,149 | $752,516 | $309,615 | $309,600 | 8 | $309,600 | $1 | $2,817 |
| 2024 | $28,248 | $215,039 | $211,915 | $211,900 | 5 | $211,900 | $24 | $1,290 |
| 2023 | $25,124 | $94,897 | $88,015 | $88,000 | 7 | $88,000 | $32 | $1,440 |
| 2022 | $18,242 | $250,010 | $259,930 | $259,900 | 6 | $259,900 | $10 | $1,150 |
| 2021 | $28,162 | $79,202 | $70,000 | $70,000 | 5 | $70,000 | $2 | $1,161 |
| 2020 | $18,160 | $40 | $61,215 | $61,200 | 4 | — | $10 | $3,114 |
| 2019 | $80,135 | $64,401 | $35,015 | $35,000 | 2 | — | $32 | $3,937 |
Under IRS private-foundation payout rules, Michael and Suzanne Carusillo reported a distributable amount of $3K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Michael and Suzanne Carusillo's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael Carusillo
Trustee
On filings since 2019
No compensation reported
Suzanne Carusillo
Trustee
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Michael and Suzanne Carusillo
How much does Michael and Suzanne Carusillo give each year?
Michael and Suzanne Carusillo gave $310K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $212K across 5 grants.
What is Michael and Suzanne Carusillo's typical grant size?
Michael and Suzanne Carusillo's median grant in 2025 was $10,000, and its average grant was $38,700, across 8 grants on its 2025 IRS Form 990-PF.
Where does Michael and Suzanne Carusillo give grants?
Michael and Suzanne Carusillo gives mostly in New York: 65% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Illinois (31%).
Does Michael and Suzanne Carusillo give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Michael and Suzanne Carusillo's 2025 IRS Form 990-PF were described as general or operating support.
Who are Michael and Suzanne Carusillo's largest grantees?
Michael and Suzanne Carusillo's largest 2025 grantees include Mayo Clinic ($200,000), Marist High School ($50,000) and Evans Scholarship ($10,000), according to its 2025 IRS Form 990-PF. It also paid 1 grant to individuals ($25,000), which are not listed by name. Together they received 84% of its itemized 2025 grant dollars.
How large is Michael and Suzanne Carusillo?
Michael and Suzanne Carusillo reported $471K in total assets on its 2025 IRS Form 990-PF. It paid out $310K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).
What is Michael and Suzanne Carusillo's EIN?
Michael and Suzanne Carusillo's EIN (Employer Identification Number) is 36-7129916. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 19, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 2, 2025)
- Added Form 990-PF for fiscal year 2020 (received by the IRS July 21, 2021)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Michael and Suzanne Carusillo funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Michael and Suzanne Carusillo's focus areas in our free grants database
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Figures come from Michael and Suzanne Carusillo'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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