The Frank J Guarini Foundation Inc
The Frank J Guarini Foundation Inc is a private foundation, based in Iselin, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 2 grants totaling $197K. Net investment income was $280K.
The Frank J Guarini Foundation Inc at a glance
In short: The Frank J Guarini Foundation Inc gave $197K across 2 grants in 2024 (avg $99K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $197,336
- +251.1% vs 2023
- Grants made (2024)
- 2
- -71.4% vs 2023
- Average grant
- $98,668
- +1129.0% vs 2023
- Median grant
- $98,668
- Total assets
- $2,609,266
- +2.7% vs 2023
- Primary geography
- New Jersey (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 Frank J Guarini Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was The Frank J Guarini Foundation Trust ($197K). Together the top 2 received $197K.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 37 grants of 38 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How The Frank J Guarini Foundation Inc gives
- Giving grew 186% from 2021 to 2024. Method
- In 2024 it paid out 94% 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 2024, annual grant giving ranged from $15K (2022) to $197K (2024). In 2024 it made 2 grants totaling $197K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Frank J Guarini Foundation Trust Iselin, NJ | Unrestricted Donation | $197,256 |
| Westfield Community Concert Band Westfield, NJ | Unrestricted Donation | $80 |
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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 | $2,609,266 | $298,967 | $216,560 | $197,336 | 2 | $197,336 | $279,743 | $210,205 |
| 2023 | $2,541,456 | $306,035 | $71,380 | $56,200 | 7 | $56,200 | $290,855 | $219,693 |
| 2022 | $2,322,157 | $238,992 | $36,229 | $15,360 | 5 | $15,360 | $218,123 | $234,637 |
| 2021 | $2,131,178 | $22,604 | $101,151 | $69,000 | 10 | $69,000 | — | $234,180 |
| 2020 | $2,221,753 | $168,452 | $119,351 | $71,400 | 14 | — | $147,351 | $229,013 |
Under IRS private-foundation payout rules, The Frank J Guarini Foundation Inc reported a distributable amount of $210K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Frank J Guarini Foundation Inc is led by Frank J Guarini, President on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Frank J Guarini
President
On filings since 2020
No compensation reported
Carol Maurer
Trustee
On filings since 2020
No compensation reported
Douglas Maurer
Trustee
On filings since 2020
No compensation reported
Mark Spedaliere
Trustee
On filings since 2020
No compensation reported
CMarie Mangin
Vice President & Assistant Secretary
On filings since 2020
No compensation reported
Frank L Fekete
Secretary & Treasurer
On filings since 2020
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 The Frank J Guarini Foundation Inc
How much does The Frank J Guarini Foundation Inc give each year?
The Frank J Guarini Foundation Inc gave $197K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $56K across 7 grants.
How large is The Frank J Guarini Foundation Inc?
The Frank J Guarini Foundation Inc reported $2.6M in total assets on its 2024 IRS Form 990-PF. It paid out $197K in qualifying distributions that year, against a required minimum of $210K (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 The Frank J Guarini Foundation Inc operate?
The Frank J Guarini Foundation Inc has awarded grants in District of Columbia, New Hampshire, New Jersey, New York, Virginia.
What is The Frank J Guarini Foundation Inc's EIN?
The Frank J Guarini Foundation Inc's EIN (Employer Identification Number) is 22-3677856. 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
Live grants for the work The Frank J Guarini Foundation Inc funds
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