NL Caruso Family Foundation Inc
NL Caruso Family Foundation Inc is a private foundation based in Boston, Massachusetts. Its 2024 filing reports $17,500 in grants to charitable organizations, including educational, religious, long-term care, grassroots charitable, and youth-sports organizations.
Key facts about NL Caruso Family Foundation Inc
In short: NL Caruso Family Foundation Inc gave $18K across 11 grants in 2024 (avg $2K), mostly in New York. 73% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 27-2618379
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $17,500
- Grants made (2024)
- 11
- Average grant
- $1,591
- Median grant
- $1,000
- New grantees (estimate)
- 73% first-time grantees (8 of 11, 2024; small sample)
- Total assets
- $231,157
- Primary geography
- New York (63% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). 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
$231K
-1.3% YoY
Annual Giving
$18K
-4.4% YoY
Grant Count
11
+120.0% YoY
Avg Grant Size
$2K
-56.5% YoY
Under IRS private-foundation payout rules, NL Caruso Family Foundation Inc reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
Is NL Caruso Family Foundation Inc open to new grantees?
73%
first-time grantees, 2024
In 2024, 8 of 11 grantees (73%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. First grants averaged $2K; repeat grants $2K. How we count
Medians: $1K first-time, $2K repeat.
- 27% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+6%). Method
- In 2024 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The available filing does not state a mission for the foundation. Its 2024 grants included support for education, religious organizations, long-term care, grassroots charitable projects, and wellbeing through sport. The grantees describe their own missions in varied terms: In My Father’s Kitchen says it uses food and cooking demonstrations to serve people’s spirits, souls, and bodies and share the Gospel; The Loretto Foundation says it benefits aged persons through affiliated Loretto organizations; and Build the Faith says it seeks to bring people closer to God and the Catholic faith.
Grantmaking
In filing year 2024, the foundation made 11 grants totaling $17,500. Grants ranged from $500 to $5,000, with a median of $1,000. Notable grants included $5,000 to Colgate University for education; $2,500 each to In My Father’s Kitchen and Transfiguration Monastery; and $1,500 to Friends of the Eliot School for education. Other grants included $1,000 each to St Leonard Church, MGH, the Daniel G Holland Scholarship Fund, The Loretto Foundation, and Build the Faith.
How to Apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. The filing lists the foundation as the contact for how to apply.
Ready to take the next step with NL Caruso Family Foundation Inc?
Geographic Focus
Where this funder awards grants
In 2024, 63% of grant dollars went to recipients in New York, 31% to Massachusetts, 3% to Washington, DC, and 3% to Texas.
Grant Distribution by State
Share of 2024 grant dollars across all 11 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $16K (2020) to $18K (2023). In 2024 it made 11 grants totaling $18K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Colgate University ($5K). Together the top 10 received $17K.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was under $50K: 43 grants of 43 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Colgate University Hamilton, NY | Support for Education. | $5,000 |
| In My Father's Kitchen Syracuse, NY | To Support Religious Organization. | $2,500 |
| Transfiguration Monastery Windsor, NY | To Support Religious Organization. | $2,500 |
| Friends of the Eliot School Boston, MA | Support for Education. | $1,500 |
| St Leonard Church Boston, MA | To Support Religious Organization. | $1,000 |
| MGH Boston, MA | To Support Religious Organization. | $1,000 |
| Daniel G Holland Scholarship Fund Chestnut Hill, MA | To Support Education. | $1,000 |
| The Loretto Foundation Syracuse, NY | To Support Long Term Care. | $1,000 |
| Build the Faith Needham, MA | To Support Religious Organization. | $1,000 |
| Global Giving Washington, DC | To Support Crowdfunding for Grassroots Charitable Projects. | $500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $231,157 | $16,997 | $20,020 | $17,500 (11 grants) |
| 2023 | $234,180 | $8,683 | $18,497 | $18,300 (5 grants) |
| 2022 | $243,994 | $16,326 | $19,211 | $18,070 (12 grants) |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $231,157 | $234,180 | $243,994 |
| Revenue | $16,997 | $8,683 | $16,326 |
| Expenses | $20,020 | $18,497 | $19,211 |
| Qualifying Distributions | $17,500 | $18,300 | $18,070 |
| Net Investment Income | $14,477 | $8,486 | $14,185 |
| Distributable Amount | $18,401 | $17,394 | $18,330 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Leonardo Caruso as Treasurer and Laurence Caruso as Director.
NL Caruso Family Foundation Inc's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Laurence Caruso
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Leonardo Caruso
Treasurer
On filings since 2023
0.5 hrs/week
No compensation reported
Former officers (2)
- Former: Richard I. Caruso (2020–2022) — Secretary & Director · Filing note: Deceased
- Former: Nicola L. Caruso (2020–2021) — President & Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Nl Caruso Family Foundation Inc
Mailing address: 106 Commercial Street 2, Boston, MA 02109
Phone: (617) 523-5123
Frequently asked questions about NL Caruso Family Foundation Inc
How much does NL Caruso Family Foundation Inc give each year?
NL Caruso Family Foundation Inc gave $18K across 11 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $18K across 5 grants.
What is NL Caruso Family Foundation Inc's typical grant size?
NL Caruso Family Foundation Inc's median grant in 2024 was $1,000, and its average grant was $1,591, across 11 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from NL Caruso Family Foundation Inc that year got $2K on average.
Where does NL Caruso Family Foundation Inc give grants?
NL Caruso Family Foundation Inc gives mostly in New York: 63% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (31%). The most frequent recipient cities were Boston, MA (3 grants) and Syracuse, NY (2 grants).
Does NL Caruso Family Foundation Inc give general operating support?
Not in 2024: none of the 11 grants with a stated purpose on NL Caruso Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Support Religious Organization." (5 grants).
Who are NL Caruso Family Foundation Inc's largest grantees?
NL Caruso Family Foundation Inc's largest 2024 grantees include Colgate University ($5,000), In My Father's Kitchen ($2,500) and Transfiguration Monastery ($2,500), according to its 2024 IRS Form 990-PF. Together they received 57% of its itemized 2024 grant dollars.
How large is NL Caruso Family Foundation Inc?
NL Caruso Family Foundation Inc reported $231K in total assets on its 2024 IRS Form 990-PF. It paid out $18K in qualifying distributions that year, against a required minimum of $18K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does NL Caruso Family Foundation Inc fund?
The available filing does not state a mission for the foundation. Its 2024 grants included support for education, religious organizations, long-term care, grassroots charitable projects, and wellbeing through sport. See mission & focus areas ↑
How do I apply for a grant from NL Caruso Family Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is NL Caruso Family Foundation Inc's EIN?
NL Caruso Family Foundation Inc's EIN (Employer Identification Number) is 27-2618379. IRS Form 990 filing data is available on this page for 2020–2024.
Does NL Caruso Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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