Michael Racanelli Forever Young Foundation
Michael Racanelli Forever Young Foundation is a private foundation, based in Brightwaters, NY. IRS filing data is available for 2020. As of 2020, the organization holds $72K in total assets. In 2020, it awarded 4 grants totaling $3K. Net investment income was $97.
Key facts about Michael Racanelli Forever Young Foundation
In short: Michael Racanelli Forever Young Foundation gave $3K across 4 grants in 2020 (avg $687.5), mostly in New York. Source: 2020 IRS Form 990-PF.
- EIN
- 45-5216022
- Latest 990 filing
- Form 990-PF, 2020
- Annual giving (2020)
- $2,750
- Grants made (2020)
- 4
- Average grant
- $688
- Median grant
- $750
- Total assets
- $72,266
- Primary geography
- New York (64% of itemized 2020 grant dollars)
Data from IRS Form 990-PF, 2020; updated October 2026.
Financial Overview
From 2020 IRS Form 990-PF · View filing
Total Assets
$72K
Annual Giving
$3K
Grant Count
4
Avg Grant Size
$687.5
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2020 grant dollars across all 4 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 4 grants totaling $3K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2020
The largest 2020 recipient was Mission Be ($1K). Together the top 4 received $3K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mission Be Mountain View, CA | Donation/Contribution | $1,000 |
| Train for the Am USA, NY | Donation/Contribution | $1,000 |
| St Patricks Bay Shore, NY | Donation/Contribution | $500 |
| American Heart Association Anywhere, NY | Donantion/Contribution | $250 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2020 |
|---|---|
| Total Assets | $72,266 |
| Revenue | $97 |
| Expenses | $4,666 |
| Net Investment Income | $97 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- IRS filings on file for fiscal year 2020
Leadership & Key People
Officers and directors from IRS filings
Michael Racanelli Forever Young Foundation's 2020 filing lists 4 officers; none of the 4 officers listed in 2020 report compensation.
Officers on the 2020 filing
Barbara Racanelli
Director
New on the 2020 filing
No compensation reported
Matthew Racanelli
Director
New on the 2020 filing
No compensation reported
Michael Racanelli
Trustee
New on the 2020 filing
No compensation reported
Nicholas Racanelli
Director
New on the 2020 filing
No compensation reported
Data from IRS Form 990 filings, 2020. "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 Racanelli Forever Young Foundation
How much does Michael Racanelli Forever Young Foundation give each year?
Michael Racanelli Forever Young Foundation gave $3K across 4 grants in 2020, according to its 2020 IRS Form 990-PF.
What is Michael Racanelli Forever Young Foundation's typical grant size?
Michael Racanelli Forever Young Foundation's median grant in 2020 was $750, and its average grant was $688, across 4 grants on its 2020 IRS Form 990-PF.
Where does Michael Racanelli Forever Young Foundation give grants?
Michael Racanelli Forever Young Foundation gives mostly in New York: 64% of the grant dollars itemized on its 2020 IRS Form 990-PF went to recipients there. The next largest state was California (36%).
Does Michael Racanelli Forever Young Foundation give general operating support?
Not in 2020: none of the 4 grants with a stated purpose on Michael Racanelli Forever Young Foundation's 2020 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation/Contribution" (3 grants).
How large is Michael Racanelli Forever Young Foundation?
Michael Racanelli Forever Young Foundation reported $72K in total assets on its 2020 IRS Form 990-PF. Its revenue that year was $97.
What is Michael Racanelli Forever Young Foundation's EIN?
Michael Racanelli Forever Young Foundation's EIN (Employer Identification Number) is 45-5216022. IRS Form 990 filing data is available on this page for 2020.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
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