Passano Foundation
Passano Foundation is a private foundation, based in Baltimore, MD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $896K in total assets. In 2025, it awarded 3 grants totaling $30K. Net investment income was $277K.
Passano Foundation at a glance
In short: Passano Foundation gave $30K across 3 grants in 2025 (avg $10K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $30,000
- +20.0% vs 2024
- Grants made (2025)
- 3
- +200.0% vs 2024
- Average grant
- $10,000
- -60.0% vs 2024
- Median grant
- $10,000
- Total assets
- $896,333
- +42.5% vs 2024
- Primary geography
- California (67% 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 Passano Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Craig M Crews - Passano Laureate Aw ($10K). Together the top 3 received $30K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Passano Foundation gives
- Giving fell 33% from 2022 to 2025. Method
- In 2025 it paid out 73% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2025, annual grant giving ranged from $25K (2020) to $45K (2023). In 2025 it made 3 grants totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Craig M Crews - Passano Laureate Aw New Haven, CT | AWARD | $10,000 |
| K Christopher Garcia - Passano Laur Stanford, CA | AWARD | $10,000 |
| Raymond J Deshaies - Passano Laurea Pasadena, CA | AWARD | $10,000 |
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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 | $896,333 | $289,117 | $41,954 | $30,000 | 3 | $30,000 | $277,163 | $41,301 |
| 2024 | $629,043 | $39,744 | $56,651 | $25,000 | 1 | $25,000 | $9,593 | $42,827 |
| 2023 | $645,865 | $131,596 | $76,925 | $45,000 | 3 | $45,000 | $105,478 | $38,584 |
| 2022 | $598,421 | $20,241 | $55,312 | $45,000 | 3 | $45,000 | $9,929 | $41,971 |
| 2021 | $650,699 | $79,604 | $61,747 | $25,000 | 1 | $25,000 | $43,169 | $48,597 |
| 2020 | $633,974 | $61,013 | $50,339 | $25,000 | 1 | — | $36,317 | $39,578 |
Under IRS private-foundation payout rules, Passano Foundation reported a distributable amount of $41K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Passano Foundation is led by E. Magruder Passano Jr., Chairman on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
E. Magruder Passano Jr.
Chairman
On filings since 2020
1 hr/week
No compensation reported
Catherine Passano McDonnell
Vice Chairman
On filings since 2020
1 hr/week
No compensation reported
Tammy Passano Wiggs
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Passano Foundation
How much does Passano Foundation give each year?
Passano Foundation gave $30K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 1 grant.
What is Passano Foundation's typical grant size?
Passano Foundation's median grant in 2025 was $10,000, and its average grant was $10,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does Passano Foundation give grants?
Passano Foundation gives mostly in California: 67% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Connecticut (33%).
Does Passano Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Passano Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Award" (3 grants).
How large is Passano Foundation?
Passano Foundation reported $896K in total assets on its 2025 IRS Form 990-PF. It paid out $30K in qualifying distributions that year, against a required minimum of $41K (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 is Passano Foundation's EIN?
Passano Foundation's EIN (Employer Identification Number) is 52-6036968. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 7, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 28, 2026)
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