Rita and Frank Castagna

Foundation · Grantmaker Manhasset, NY EIN: 81-2638022

Rita and Frank Castagna is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Manhasset, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $214K in total assets. In 2024, it awarded 2 grants totaling $120K. Net investment income was $4K.

Key facts about Rita and Frank Castagna

In short: Rita and Frank Castagna gave $120K across 2 grants in 2024 (avg $60K), mostly in New York. Source: 2024 IRS Form 990-PF.

EIN
81-2638022
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$120,000
Grants made (2024)
2
Average grant
$60,000
Median grant
$60,000
Total assets
$213,956
Primary geography
New York (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$214K

+261.2% YoY

Annual Giving

$120K

-51.0% YoY

Grant Count

2

-50.0% YoY

Avg Grant Size

$60K

-2.0% YoY

Under IRS private-foundation payout rules, Rita and Frank Castagna reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.

How Rita and Frank Castagna gives

  • Giving fell 77% from 2021 to 2024. Method
  • In 2024 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

3states

Share of all 2 itemized 2024 grant dollars.

Cities

HempsteadNew YorkAlbertsonGlen CoveGarden CitySyracuseChesterCold Spring HarborPowellWestbury

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K5 grants20206 grants20215 grants20224 grants20232 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Hofstra University: $100KHofstra University$100KUja-Federation of New York: $20KUja-Federation of New York$20K

Grant Size Distribution

22 grants across all recorded years

10<$50K3$50–100K9$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
HOFSTRA UNIVERSITY Hempstead, NYTO SUPPORT THE FRANK & RITA CASTAGNA SUMMER RESEARCH PROGRAM$100,000
UJA-FEDERATION OF NEW YORK New York, NYTO SUPPORT THE JEWISH COMMUNITY AND LOCAL ORGANIZATIONS$20,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K20202021202220232024
Metric202420232022
Total Assets$213,956$59,230$50,223
Revenue$281,562$260,007$429,997
Expenses$126,836$251,000$430,424
Qualifying Distributions$124,211$248,500$427,924
Net Investment Income$3,937——
Distributable Amount$9,717$8,384$11,871

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Rita and Frank Castagna is led by Rita Castagna, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Rita Castagna

    President

    On filings since 2020

    0.1 hrs/week

    No compensation reported

  • Catherine Castagna Labianca

    Vice President

    On filings since 2020

    0.1 hrs/week

    No compensation reported

  • Robert Ronzoni

    Secretary

    On filings since 2020

    0.1 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 Rita and Frank Castagna

How much does Rita and Frank Castagna give each year?

Rita and Frank Castagna gave $120K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $245K across 4 grants.

How large is Rita and Frank Castagna?

Rita and Frank Castagna reported $214K in total assets on its 2024 IRS Form 990-PF. It paid out $124K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).

What is Rita and Frank Castagna?

Rita and Frank Castagna is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Manhasset, NY. It holds $214K in total assets as of 2024.

Where does Rita and Frank Castagna operate?

Rita and Frank Castagna has awarded grants in New York, Ohio, Pennsylvania.

What is Rita and Frank Castagna's EIN?

Rita and Frank Castagna's EIN (Employer Identification Number) is 81-2638022. IRS Form 990 filing data is available on this page for 2020–2024.

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

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