The Frank J Guarini Foundation Inc
The Frank J Guarini Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Key facts about The Frank J Guarini Foundation Inc
- EIN
- 22-3677856
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $197,336
- Grants made (2024)
- 2
- Average grant
- $98,668
- Median grant
- $98,668
- Total assets
- $2,609,266
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
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.
Next steps with The Frank J Guarini Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
+2.7% YoY
Annual Giving
$197K
+251.1% YoY
Grant Count
2
-71.4% YoY
Avg Grant Size
$99K
+1129.0% YoY
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.
About The Frank J Guarini Foundation Inc
Based on IRS filings
The Frank J Guarini Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,609,266 | $2,541,456 | $2,322,157 |
| Revenue | $298,967 | $306,035 | $238,992 |
| Expenses | $216,560 | $71,380 | $36,229 |
| Qualifying Distributions | $197,336 | $56,200 | $15,360 |
| Net Investment Income | $279,743 | $290,855 | $218,123 |
| Distributable Amount | $210,205 | $219,693 | $234,637 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include The Frank J Guarini Foundation Trust ($197,256), Westfield Community Concert Band ($80).
| Recipient | Purpose | Amount |
|---|---|---|
| The Frank J Guarini Foundation Trust Iselin, NJ | Unrestricted Donation | $197,256 |
| Westfield Community Concert Band Westfield, NJ | Unrestricted Donation | $80 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Frank J Guarini | President | — | — |
| Frank L Fekete | Secretary/Treasurer | — | — |
| CMarie Mangin | Vice President/Asst Sect | — | — |
| Carol Maurer | Trustee | — | — |
| Douglas Maurer | Trustee | — | — |
| Mark Spedaliere | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Frank J Guarini Foundation Inc?
The Frank J Guarini Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Iselin, NJ. It holds $2.6M in total assets as of 2024.
How large is The Frank J Guarini Foundation Inc?
As of 2024, The Frank J Guarini Foundation Inc holds $2.6M in total assets with $299K in annual revenue. It awarded 2 grants totaling $197K in 2024.
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 size grants does The Frank J Guarini Foundation Inc award?
In 2024, The Frank J Guarini Foundation Inc awarded 2 grants totaling $197K — an average of about $99K per grant, based on its IRS Form 990 filings.
How much is The Frank J Guarini Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Frank J Guarini Foundation Inc reported a distributable amount of $210K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.