Sharon & Joseph Tedesco Foundation Inc
Sharon & Joseph Tedesco Foundation Inc is a private foundation, based in Palos Verdes Estates, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $640K in total assets. In 2025, it awarded 2 grants totaling $30K. Net investment income was $40K.
Sharon & Joseph Tedesco Foundation Inc at a glance
In short: Sharon & Joseph Tedesco Foundation Inc gave $30K across 2 grants in 2025 (avg $15K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $30,361
- -29.4% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $15,181
- +5.9% vs 2024
- Median grant
- $15,181
- Total assets
- $639,925
- +1.5% vs 2024
- Primary geography
- California (100% 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 Sharon & Joseph Tedesco Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was USC Davis School - Innovation Fund ($20K). Together the top 2 received $30K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 9 grants of 10 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Sharon & Joseph Tedesco Foundation Inc gives
- Giving fell 40% from 2022 to 2025. Method
- In 2025 it paid out 65% 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 $30K (2025) to $51K (2020). In 2025 it made 2 grants totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| USC Davis School - Innovation Fund Los Angeles, CA | Support of Educational Activities | $20,361 |
| USC Davis School- Gerentology Los Angeles, CA | Support of Educational Activities | $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 | $639,925 | $52,039 | $42,568 | $30,361 | 2 | $30,361 | $39,832 | $46,537 |
| 2024 | $630,454 | $58,084 | $56,389 | $42,991 | 3 | $42,991 | $43,316 | $42,602 |
| 2023 | $628,759 | $58,731 | $54,386 | $38,852 | 1 | $38,852 | $39,540 | $39,757 |
| 2022 | $624,414 | $31,986 | $58,168 | $50,407 | 1 | $51,937 | $25,755 | $43,602 |
| 2021 | $650,596 | $73,570 | $64,769 | $50,500 | 3 | $57,273 | $66,074 | $46,907 |
| 2020 | $641,795 | $4,679 | $61,797 | $51,000 | 5 | — | $7,690 | $44,582 |
Under IRS private-foundation payout rules, Sharon & Joseph Tedesco Foundation Inc reported a distributable amount of $47K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Sharon & Joseph Tedesco Foundation Inc's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Christina Tedesco
Secretary & Director
On filings since 2020
No compensation reported
Joseph M Tedesco
Director
On filings since 2020
No compensation reported
Tiffany Baumann
CFO & Director
On filings since 2020
No compensation reported
Former officers (1)
- Former: Sharon A Tedesco (2020–2023) — President & Director
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 Sharon & Joseph Tedesco Foundation Inc
How much does Sharon & Joseph Tedesco Foundation Inc give each year?
Sharon & Joseph Tedesco Foundation Inc gave $30K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $43K across 3 grants.
How large is Sharon & Joseph Tedesco Foundation Inc?
Sharon & Joseph Tedesco Foundation Inc reported $640K in total assets on its 2025 IRS Form 990-PF. It paid out $30K in qualifying distributions that year, against a required minimum of $47K (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.
Where does Sharon & Joseph Tedesco Foundation Inc operate?
Sharon & Joseph Tedesco Foundation Inc has awarded grants in California, Maryland, New York.
What is Sharon & Joseph Tedesco Foundation Inc's EIN?
Sharon & Joseph Tedesco Foundation Inc's EIN (Employer Identification Number) is 33-0757729. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 1, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 31, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 27, 2026)
- IRS filings on file for fiscal years 2020–2025
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