Paul J Varello Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $14K in total assets. In 2024, it awarded 2 grants totaling $10K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14K
+63.0% YoY
Annual Giving
$10K
-13.0% YoY
Grant Count
2
-50.0% YoY
Avg Grant Size
$5K
+73.9% YoY
Under IRS private-foundation payout rules, Paul J Varello Foundation reported a distributable amount of $428 for 2024 — the minimum it must pay out in qualifying distributions.
About Paul J Varello Foundation
Based on IRS filings
Paul J Varello Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $14K in total assets. In 2024, it awarded 2 grants totaling $10K.
Focus Areas
Ready to take the next step with Paul J Varello Foundation?
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 | $14,095 | $8,646 | $8,435 |
| Revenue | $25,000 | $13,000 | $13,533 |
| Expenses | $19,551 | $12,789 | $5,098 |
| Qualifying Distributions | $18,874 | $12,789 | $5,098 |
| Net Investment Income | — | — | — |
| Distributable Amount | $428 | $256 | $112 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Blue & White Scholarship Foundation ($5,000), St Jude Children's Research Hospital ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BLUE & WHITE SCHOLARSHIP FOUNDATION VILLANOVA, PA | GENERAL SUPPORT | $5,000 |
| ST JUDE CHILDREN'S RESEARCH HOSPITAL HOUSTON, TX | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL J VARELLO | DIRECTOR, PRESIDENT | 1 | — |
| JANET VARELLO | DIRECTOR, SECRETARY | 0.5 | — |
| JEFFERY EARLY | DIRECTOR, VICE PRESIDENT | 0.5 | — |
| NICHOLAS EUSEPI | DIRECTOR, TREASURER | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Paul J Varello Foundation?
Paul J Varello Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $14K in total assets as of 2024.
How large is Paul J Varello Foundation?
As of 2024, Paul J Varello Foundation holds $14K in total assets with $25K in annual revenue. It awarded 2 grants totaling $10K in 2024.
Where does Paul J Varello Foundation operate?
Paul J Varello Foundation has awarded grants in Pennsylvania, Texas.
What size grants does Paul J Varello Foundation award?
In 2024, Paul J Varello Foundation awarded 2 grants totaling $10K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Paul J Varello Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Paul J Varello Foundation reported a distributable amount of $428 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Paul J Varello Foundation's EIN?
Paul J Varello Foundation's EIN (Employer Identification Number) is 88-4225512. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Paul J Varello Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Horlock Foundation
HOUSTON, TX
Assets
$1.5M
Grants
25
Total Given
$85K
Enterprise Holdings Foundation
SAINT LOUIS, MO
Assets
—
Grants
9,499
Total Given
$73.1M
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Main Family Foundation
HOUSTON, TX
Assets
—
Grants
21
Total Given
$541K
Winkelmann Charitable Foundation
HOUSTON, TX
Assets
$837K
Grants
36
Total Given
$45K
The Harry and Pam Chapman Foundation
WESTON LAKES, TX
Assets
$138K
Grants
2
Total Given
$25K
Baker Hughes Foundation
HOUSTON, TX
Assets
$2.2M
Grants
990
Total Given
$3.2M
Barker Family Foundation
LOS ANGELES, CA
Assets
$703K
Grants
16
Total Given
$46K
Hand Family Foundation
SPRING, TX
Assets
$9.1M
Grants
20
Total Given
$258K
The Tapestry Foundation Inc
NEW YORK, NY
Assets
$44.1M
Grants
479
Total Given
$1.9M
The Terry and Yogi Sheth Foundation
SPRING, TX
Assets
$34K
Grants
14
Total Given
$23K
Al & Peggy Dematteis Family Foundation
MANHASSET, NY
Assets
$2.8M
Grants
305
Total Given
$202K
More Funders in Texas
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Paul J Varello Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities