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.
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
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 |
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 include The Frank J Guarini Foundation Trust ($197,256), Westfield Community Concert Band ($80).
| Recipient | Purpose | Amount |
|---|---|---|
| Westfield Community Concert Band Westfield, NJ | Unrestricted Donation | $80 |
| The Frank J Guarini Foundation Trust Iselin, NJ | Unrestricted Donation | $197,256 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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 April 2026. Sourced from IRS Form 990-PF filings.
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