Picabu Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 5 grants totaling $43K. Net investment income was $127K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-1.1% YoY
Annual Giving
$43K
-45.2% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$9K
-56.1% YoY
Under IRS private-foundation payout rules, Picabu Foundation reported a distributable amount of $73K for 2024 — the minimum it must pay out in qualifying distributions.
About Picabu Foundation
Based on IRS filings
Picabu Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 5 grants totaling $43K. Net investment income was $127K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,320,879 | $1,335,482 | — |
| Revenue | $78,129 | $1,432,036 | — |
| Expenses | $92,732 | $91,054 | $5,500 |
| Qualifying Distributions | $66,549 | $80,535 | $5,500 |
| Net Investment Income | $126,965 | $57,843 | — |
| Distributable Amount | $73,347 | $33,705 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rockhouse Foundation ($30,100), The Multiple Myeloma Research Foundation Inc ($5,000), Lungevity Foundation ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GROTON SCHOOL GROTON, MA | General & Unrestricted | $2,500 |
| LUNGEVITY FOUNDATION CHICAGO, IL | General & Unrestricted | $3,000 |
| ROCKHOUSE FOUNDATION NEW YORK, NY | General & Unrestricted | $30,100 |
| THE MULTIPLE MYELOMA RESEARCH FOUNDATION INC NORWALK, CT | General & Unrestricted | $5,000 |
| TRUSTEES OF TUFTS COLLEGE BOSTON, MA | Cummings School of Veterinary Medicine/Foster Hospital for Small Animals Fund | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jumana Abu-Ghazaleh | Dir, Sec, Treas | 1 | — |
| Peter Picard | Dir, Pres | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Picabu Foundation?
Picabu Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $1.3M in total assets as of 2024.
How large is Picabu Foundation?
As of 2024, Picabu Foundation holds $1.3M in total assets with $78K in annual revenue. It awarded 5 grants totaling $43K in 2024.
Where does Picabu Foundation operate?
Picabu Foundation has awarded grants in Connecticut, Illinois, Massachusetts, New York.
What size grants does Picabu Foundation award?
In 2024, Picabu Foundation awarded 5 grants totaling $43K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Picabu Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Picabu Foundation reported a distributable amount of $73K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Picabu Foundation's EIN?
Picabu Foundation's EIN (Employer Identification Number) is 87-2376384. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Picabu Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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