Paul J Varello Foundation

Private foundation · Grantmaker Houston, TX EIN: 88-4225512

Paul J Varello Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $4K in total assets. In 2025, it awarded 5 grants totaling $8K.

Key facts about Paul J Varello Foundation

In short: Paul J Varello Foundation gave $8K across 5 grants in 2025 (avg $2K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.

EIN
88-4225512
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$8,000
Grants made (2025)
5
Average grant
$1,600
Median grant
$500
Total assets
$4,011
Primary geography
Pennsylvania (63% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$4K

-71.5% YoY

Annual Giving

$8K

-20.0% YoY

Grant Count

5

+150.0% YoY

Avg Grant Size

$2K

-68.0% YoY

Under IRS private-foundation payout rules, Paul J Varello Foundation reported a distributable amount of $238 for 2025 — the minimum it must pay out in qualifying distributions.

How Paul J Varello Foundation gives

  • In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2025 grant dollars across all 5 itemized grants.

Cities

VillanovaHoustonAlexandriaJacksonvilleStaffordStaten Island

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K0 grants2022 4 grants2023 2 grants2024 5 grants2025

From 2023 to 2025, annual grant giving ranged from $8K (2025) to $12K (2023). In 2025 it made 5 grants totaling $8K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

Villanova University: $5KVillanova University$5KTunnel to Towers Foundation: $2KTunnel to Towers Foundation$2KWounded Warrior Project: $500Wounded Warrior Project$500Star of Hope Mission: $250Star of Hope Mission$250The Salvation Army: $250The Salvation Army$250

The largest 2025 recipient was Villanova University ($5K). Together the top 5 received $8K.

Grant Size Distribution

11 grants across all recorded years

11<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 11 grants of 11 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Villanova University Villanova, PAGeneral Support$5,000
Tunnel to Towers Foundation Staten Island, NYGeneral Support$2,000
Wounded Warrior Project Jacksonville, FLGeneral Support$500
Star of Hope Mission Houston, TXGeneral Support$250
The Salvation Army Alexandria, VAGeneral Support$250

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$10K$20K$30K2022 2023 2024 2025
Metric202520242023
Total Assets$4,011$14,095$8,646
Revenue$2,500$25,000$13,000
Expenses$12,584$19,551$12,789
Qualifying Distributions$12,584$18,874$12,789
Distributable Amount$238$428$256

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 19, 2024)
  2. Updated Form 990-PF for fiscal year 2023 (received by the IRS March 28, 2024)
  3. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 27, 2025)
  4. Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
  5. IRS filings on file for fiscal years 2022–2024

Leadership & Key People

Officers and directors from IRS filings

Paul J Varello Foundation is led by Paul J. Varello, Director & President on every filing since 2022; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Paul J. Varello

    Director & President

    On filings since 2022

    1 hr/week

    No compensation reported

  • Janet Varello

    Director & Secretary

    On filings since 2022

    0.5 hrs/week

    No compensation reported

  • Nicholas Eusepi

    Director & Treasurer

    On filings since 2022

    0.5 hrs/week

    No compensation reported

  • Jeffery Early

    Director & Vice President

    On filings since 2024

    0.5 hrs/week

    No compensation reported

Former officers (1)
  • Former: Jeffrey Early (2022–2023) — Director & Vice President

Data from IRS Form 990 filings, 2022–2025. "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 Paul J Varello Foundation

How much does Paul J Varello Foundation give each year?

Paul J Varello Foundation gave $8K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $10K across 2 grants.

What is Paul J Varello Foundation's typical grant size?

Paul J Varello Foundation's median grant in 2025 was $500, and its average grant was $1,600, across 5 grants on its 2025 IRS Form 990-PF.

Where does Paul J Varello Foundation give grants?

Paul J Varello Foundation gives mostly in Pennsylvania: 63% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (25%) and Florida (6%).

Does Paul J Varello Foundation give general operating support?

Yes: 100% of Paul J Varello Foundation's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Paul J Varello Foundation's largest grantees?

Paul J Varello Foundation's largest 2025 grantees include Villanova University ($5,000), Tunnel to Towers Foundation ($2,000) and Wounded Warrior Project ($500), according to its 2025 IRS Form 990-PF. Together they received 94% of its itemized 2025 grant dollars.

How large is Paul J Varello Foundation?

Paul J Varello Foundation reported $4K in total assets on its 2025 IRS Form 990-PF. It paid out $13K in qualifying distributions that year, against a required minimum of $238 (roughly 5% of its investment assets).

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 2022–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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