The Corrao Foundation
The Corrao Foundation is a private foundation focused on Education, based in Reno, NV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 3 grants totaling $60K. Net investment income was $60K.
The Corrao Foundation at a glance
In short: The Corrao Foundation gave $60K across 3 grants in 2024 (avg $20K), mostly in Nevada. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $60,000
- +33.3% vs 2023
- Grants made (2024)
- 3
- +50.0% vs 2023
- Average grant
- $20,000
- -11.1% vs 2023
- Median grant
- $25,000
- Total assets
- $1,112,828
- -0.2% vs 2023
- Primary geography
- Nevada (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Corrao Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Boys & Girls Club of Truckee Meadows ($35K across 2 grants). Together the top 2 received $60K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How The Corrao Foundation gives
- Giving grew 88% from 2021 to 2024. Method
- In 2024 it paid out 116% of its IRS minimum distribution (the 5% rule). 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 2021 to 2024, annual grant giving ranged from $32K (2021) to $60K (2024). In 2024 it made 3 grants totaling $60K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boys & Girls Club of Truckee Meadows Reno, NV | Sponsor 25 Kids | $25,000 |
| Moms on the Run Reno, NV | Support Tata MC Ride 2024 | $25,000 |
| Boys & Girls Club of Truckee Meadows Reno, NV | LUD Corrao Scholarship 2024 | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,112,828 | $60,466 | $63,162 | $60,000 | 3 | $61,015 | $59,698 | $52,665 |
| 2023 | $1,115,554 | $46,184 | $46,665 | $45,000 | 2 | $45,000 | $44,519 | $53,980 |
| 2022 | $1,116,035 | $1,243 | $61,835 | $60,000 | 2 | $60,000 | — | $56,309 |
| 2021 | $1,176,627 | $7,819 | $33,692 | $32,000 | 1 | $32,000 | $6,127 | $57,956 |
| 2020 | $1,202,500 | $1,202,500 | — | — | — | — | — | $2,467 |
Under IRS private-foundation payout rules, The Corrao Foundation reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Corrao Foundation is led by Marc Corrao, President since 2022 (on filings since 2021); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Marc Corrao
President
Director → President, 2022
On filings since 2021
0.5 hrs/week
No compensation reported
Alisa Cooper
Secretary
On filings since 2021
0.5 hrs/week
No compensation reported
Jeffrey Corrao
Treasurer
On filings since 2021
0.5 hrs/week
No compensation reported
Former officers (4)
- Former: Lud Corrao (2020–2021) — President
- Former: Dan Lawson (2020) — Trustee
- Former: Joe E. Rieger (2020) — Trustee
- Former: Larry Gayler (2020) — Trustee
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 The Corrao Foundation
How much does The Corrao Foundation give each year?
The Corrao Foundation gave $60K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $45K across 2 grants.
What is The Corrao Foundation's typical grant size?
The Corrao Foundation's median grant in 2024 was $25,000, and its average grant was $20,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does The Corrao Foundation give grants?
The Corrao Foundation gives mostly in Nevada: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Reno, NV (3 grants).
Does The Corrao Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on The Corrao Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is The Corrao Foundation?
The Corrao Foundation reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $61K in qualifying distributions that year, against a required minimum of $53K (roughly 5% of its investment assets).
What is The Corrao Foundation?
The Corrao Foundation is a private foundation focused on Education, based in Reno, NV. It holds $1.1M in total assets as of 2024.
What is The Corrao Foundation's EIN?
The Corrao Foundation's EIN (Employer Identification Number) is 88-0366352. 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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