Optare Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BONITA SPRINGS, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $225K in total assets. In 2024, it awarded 1 grants totaling $15K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$225K
-6.2% YoY
Annual Giving
$15K
+50.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$15K
+50.0% YoY
Under IRS private-foundation payout rules, Optare Foundation Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
About Optare Foundation Inc
Based on IRS filings
Optare Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BONITA SPRINGS, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $225K in total assets. In 2024, it awarded 1 grants totaling $15K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $225,032 | $240,020 | $250,007 |
| Revenue | $1,032 | $1,028 | $101,722 |
| Expenses | $16,020 | $11,015 | $1,715 |
| Qualifying Distributions | $15,510 | $10,507 | $857 |
| Net Investment Income | — | — | — |
| Distributable Amount | $11,647 | $12,293 | $7,593 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Trinity Academy ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TRINITY ACADEMY PEWAUKEE, WI | TO PROMOTE QUALITY CATHOLIC EDUCATION | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ADOLPH JOHN ANSAY | PRESIDENT, DIRECTOR | 0.5 | — |
| ADRIANNE ANSAY | TREASURER, DIRECTOR | 0.5 | — |
| STANLEY SOBILO JR | SECRETARY, DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Optare Foundation Inc?
Optare Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BONITA SPRINGS, FL. It holds $225K in total assets as of 2024.
How large is Optare Foundation Inc?
As of 2024, Optare Foundation Inc holds $225K in total assets with $1K in annual revenue. It awarded 1 grants totaling $15K in 2024.
Where does Optare Foundation Inc operate?
Optare Foundation Inc has awarded grants in Wisconsin.
What size grants does Optare Foundation Inc award?
In 2024, Optare Foundation Inc awarded 1 grants totaling $15K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Optare Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Optare Foundation Inc reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Optare Foundation Inc's EIN?
Optare Foundation Inc's EIN (Employer Identification Number) is 84-3490271. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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