The Finelli Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOLON, OH. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $127K in total assets. In 2024, it awarded 4 grants totaling $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$127K
+20.6% YoY
Annual Giving
$9K
+56.9% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$2K
+17.7% YoY
Under IRS private-foundation payout rules, The Finelli Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About The Finelli Foundation
Based on IRS filings
The Finelli Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOLON, OH. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $127K in total assets. In 2024, it awarded 4 grants totaling $9K.
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 | $127,256 | $105,513 | $77,284 |
| Revenue | $31,013 | $34,250 | $80,335 |
| Expenses | $9,270 | $6,021 | $3,051 |
| Qualifying Distributions | $9,100 | $5,800 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $6,895 | $5,197 | $3,806 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Thrush Family ($3,500), Ambassadors Football Club ($3,000), Sarah Mencini ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Thrush Family Sayre, PA | Cancer treament payment assistance | $3,500 |
| Ambassadors Football Club Twinsburg, OH | Donation to missionary William Tarpeh for Liberia Ministry | $3,000 |
| Sarah Mencini Twinsburg, OH | Assistance for Carmela Mencinis medical needs due to her mental disability | $2,000 |
| Heritage Classical Academy Pepper Pike, OH | Contribution for the advancement of the school | $600 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Nicholas Finelli | Trustee | 2 | — |
| Anthony Finelli | Trustee | 2 | — |
| Angelo R Finelli | Trustee | 2 | — |
| Gino Finelli | Trustee | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Finelli Foundation?
The Finelli Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOLON, OH. It holds $127K in total assets as of 2024.
How large is The Finelli Foundation?
As of 2024, The Finelli Foundation holds $127K in total assets with $31K in annual revenue. It awarded 4 grants totaling $9K in 2024.
Where does The Finelli Foundation operate?
The Finelli Foundation has awarded grants in Georgia, Illinois, Ohio, Pennsylvania.
What size grants does The Finelli Foundation award?
In 2024, The Finelli Foundation awarded 4 grants totaling $9K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Finelli Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Finelli Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Finelli Foundation's EIN?
The Finelli Foundation's EIN (Employer Identification Number) is 92-0273690. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in The Finelli 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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