The Frank Varischetti Foundation
The Frank Varischetti Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROCKWAY, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.9M in total assets. In 2024, it awarded 22 grants totaling $181K. Net investment income was $441K.
Key facts about The Frank Varischetti Foundation
- EIN
- 75-3256768
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $181,475
- Grants made (2024)
- 22
- Average grant
- $8,249
- Median grant
- $500
- Total assets
- $10,906,377
- Primary geography
- Pennsylvania (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who The Frank Varischetti Foundation funds
By grant dollars, the top recipient states for The Frank Varischetti Foundation's 22 itemized 2024 grants were Pennsylvania (100%). The most frequent recipient cities were Brockway, PA (11 grants) and Ridgway, PA (3 grants). None of its 22 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (19 grants) and "Educational" (3 grants).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.9M
+19.3% YoY
Annual Giving
$181K
-81.3% YoY
Grant Count
22
-33.3% YoY
Avg Grant Size
$8K
-71.9% YoY
Under IRS private-foundation payout rules, The Frank Varischetti Foundation reported a distributable amount of $478K for 2024 — the minimum it must pay out in qualifying distributions.
About The Frank Varischetti Foundation
Based on IRS filings
The Frank Varischetti Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROCKWAY, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.9M in total assets. In 2024, it awarded 22 grants totaling $181K. Net investment income was $441K.
Focus Areas
Ready to take the next step with The Frank Varischetti Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 22 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,906,377 | $9,140,214 | $8,442,414 |
| Revenue | $1,067,027 | $-46,207 | $593,163 |
| Expenses | $225,749 | $1,018,643 | $194,146 |
| Qualifying Distributions | $181,475 | $968,311 | $144,499 |
| Net Investment Income | $441,459 | $375,986 | $854,107 |
| Distributable Amount | $477,630 | $425,405 | $420,372 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
79 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Brockway Volunteer Hose Company ($45,093), Bc3 Educational Foundation ($30,000), Anawim Ministries ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BROCKWAY VOLUNTEER HOSE COMPANY BROCKWAY, PA | CHARITABLE | $45,093 |
| BC3 EDUCATIONAL FOUNDATION BUTLER, PA | EDUCATIONAL | $30,000 |
| ANAWIM MINISTRIES FRENCHVILLE, PA | CHARITABLE | $25,000 |
| RIDGWAY YMCA RIDGWAY, PA | CHARITABLE | $25,000 |
| BROCKWAY AREA SCHOOL DISTRICT BROCKWAY, PA | EDUCATIONAL | $22,882 |
| FLYING DOVE RANCH RIDGWAY, PA | CHARITABLE | $20,000 |
| GUARDIAN ANGEL CENTER KERSEY, PA | CHARITABLE | $4,000 |
| RIDGWAY AREA SCHOOL DISTRICT RIDGWAY, PA | EDUCATIONAL | $2,000 |
| DUBOIS JEFFERSON SPECIAL OLYMPICS STATE COLLEGE, PA | CHARITABLE | $1,000 |
| AMERICAN CANCER SOCIETY - RELAY FOR LIFE CLEARFIELD, PA | CHARITABLE | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BARBARA VARISCHETTI | President | 1 | — |
| FRANK VARISCHETTI SR | Vice President | 1 | — |
| PETER VARISCHETTI | Secretary | 1 | — |
| STEVEN VARISCHETTI | Treasurer | 1 | — |
| NICHOLAS VARISCHETTI | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Frank Varischetti Foundation?
The Frank Varischetti Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROCKWAY, PA. It holds $10.9M in total assets as of 2024.
How large is The Frank Varischetti Foundation?
As of 2024, The Frank Varischetti Foundation holds $10.9M in total assets with $1.1M in annual revenue. It awarded 22 grants totaling $181K in 2024.
Where does The Frank Varischetti Foundation operate?
The Frank Varischetti Foundation has awarded grants in Montana, Pennsylvania.
What size grants does The Frank Varischetti Foundation award?
In 2024, The Frank Varischetti Foundation awarded 22 grants totaling $181K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is The Frank Varischetti Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Frank Varischetti Foundation reported a distributable amount of $478K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Frank Varischetti Foundation's EIN?
The Frank Varischetti Foundation's EIN (Employer Identification Number) is 75-3256768. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Frank Varischetti Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Charities Aid Foundation America
ALEXANDRIA, VA
Assets
$485.8M
Grants
14,494
Total Given
$556.0M
Glenn & Ruth Mengle Found Trust Xxx-xx-xxxx
INDIANA, PA
Assets
$13.3M
Grants
54
Total Given
$782K
Kimley-horn Foundation
RALEIGH, NC
Assets
$7.6M
Grants
205
Total Given
$1.5M
Dmr Charitable Foundation
PITTSBURGH, PA
Assets
$39K
Grants
3
Total Given
$85K
Enterprise Holdings Foundation
SAINT LOUIS, MO
Assets
—
Grants
9,499
Total Given
$73.1M
Highmark Foundation
PITTSBURGH, PA
Assets
$100.9M
Grants
313
Total Given
$18.7M
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Aj and Sigismunda Palumbo Charitable Trust
PITTSBURGH, PA
Assets
—
Grants
1
Total Given
$2.9M
Seneca Foods Foundation
FAIRPORT, NY
Assets
$13.9M
Grants
224
Total Given
$461K
Massry Charitable Foundation Inc
ALBANY, NY
Assets
$48.7M
Grants
54
Total Given
$3.4M
Verizon Foundation
BASKING RIDGE, NJ
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
More Funders in Pennsylvania
Data last updated April 2026. Sourced from IRS Form 990-PF filings.