The Carl & Gloria Lagrassa Family

BASKING RIDGE, NJ EIN: 11-3439450

The Carl & Gloria Lagrassa Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BASKING RIDGE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $16K in total assets. In 2024, it awarded 1 grants totaling $10K. Net investment income was $9K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$16K

-36.9% YoY

Annual Giving

$10K

Grant Count

Avg Grant Size

$10K

Under IRS private-foundation payout rules, The Carl & Gloria Lagrassa Family reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.

About The Carl & Gloria Lagrassa Family

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $120K (47%)

Illinois $95K (37%)

California $40K (16%)

States

California Illinois New Jersey

Cities

BedminsterChicagoPiscatawaySan Diego

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$15,801	$25,035	$24,858
Revenue	$8,908	$177	$174,478
Expenses	$10,002	—	$116,750
Qualifying Distributions	$10,000	—	$115,000
Net Investment Income	$8,906	$177	$97,731
Distributable Amount	$1,284	$1,350	$1,711

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

14 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Challenged Athletes Foundation ($10,000).

Recipient	Purpose	Amount
CHALLENGED ATHLETES FOUNDATION SAN DIEGO, CA	SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GLORIA LAGRASSA	TRUSTEE	1	—
CARLA LAGRASSA	TRUSTEE	1	—
JOHN AUSTIN GAINES	TRUSTEE	2	—
CARL G LAGRASSA	TRUSTEE	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Carl & Gloria Lagrassa Family?

The Carl & Gloria Lagrassa Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BASKING RIDGE, NJ. It holds $16K in total assets as of 2024.

How large is The Carl & Gloria Lagrassa Family?

As of 2024, The Carl & Gloria Lagrassa Family holds $16K in total assets with $9K in annual revenue. It awarded 1 grants totaling $10K in 2024.

Where does The Carl & Gloria Lagrassa Family operate?

The Carl & Gloria Lagrassa Family has awarded grants in California, Illinois, New Jersey.

What size grants does The Carl & Gloria Lagrassa Family award?

In 2024, The Carl & Gloria Lagrassa Family awarded 1 grants totaling $10K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is The Carl & Gloria Lagrassa Family required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Carl & Gloria Lagrassa Family reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Carl & Gloria Lagrassa Family's EIN?

The Carl & Gloria Lagrassa Family's EIN (Employer Identification Number) is 11-3439450. IRS Form 990 filing data is available on this page for 2020–2024.