The Frank Varischetti Foundation
The Frank Varischetti Foundation is a private foundation based in Brockway, Pennsylvania. It made 22 grants totaling $181,475 in 2024, supporting organizations in Pennsylvania for charitable and educational purposes.
The Frank Varischetti Foundation at a glance
In short: The Frank Varischetti Foundation gave $181K across 22 grants in 2024 (avg $8K), mostly in Pennsylvania. 18% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $181,475
- -81.3% vs 2023
- Grants made (2024)
- 22
- -33.3% vs 2023
- Average grant
- $8,249
- -71.9% vs 2023
- Median grant
- $500
- Total assets
- $10,906,377
- +19.3% vs 2023
- New grantees (estimate)
- 18% first-time grantees (4 of 22, 2024; small sample)
- Primary geography
- Pennsylvania (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Frank Varischetti Foundation
- How to Apply
The foundation states that it has no application form, but requests must include a project description and budget, sources and uses, a balance sheet and income statement, officers and directors, a 501(c)(3)…
The foundation states that it has no application form, but requests must include a project description and budget, sources and uses, a balance sheet and income statement, officers and directors, a 501(c)(3) determination letter, and, if necessary, audited financial statements from previous years. It states that it does not restrict giving to preselected organizations and has no current restrictions or limitations on awards.
- Review Cycle
- Requests are accepted year-round.
- Deadline
- Requests are accepted year-round.
- Contact
Application contact: The Frank Varischetti Foundation
Mailing address: 1308 Main Street, Brockway, PA 15824
Phone: (814) 265-8090
Email: megan.reiter@varischettiholdings.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Frank Varischetti Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Brockway Volunteer Hose Company ($45K). Together the top 10 received $175K.
Grant Size Distribution
79 grants across all recorded years
The most common grant size was under $50K: 75 grants of 79 (95%).
Geographic Focus
Where this funder awards grants
All 2024 grant dollars went to recipients in Pennsylvania.
Grant Distribution by State
Share of 2024 grant dollars across all 22 itemized grants.
States
Cities
Is The Frank Varischetti Foundation open to new grantees?
18%
first-time grantees, 2024
In 2024, 4 of 22 grantees (18%) were first-time recipients. With only 22 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $18K; repeat grants $6K. How we count
Medians: $23K first-time, $500 repeat.
- 77% of 2024 grantees were also funded in 2023. Method
- Giving grew 104% from 2021 to 2024. Method
- In 2024 it paid out 38% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $89K (2021) to $968K (2023). In 2024 it made 22 grants totaling $181K.
Grants by year
Grant recipients and amounts by year
| 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 |
Ready to take the next step with The Frank Varischetti Foundation?
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 | $10,906,377 | $1,067,027 | $225,749 | $181,475 | 22 | $181,475 | $441,459 | $477,630 |
| 2023 | $9,140,214 | $-46,207 | $1,018,643 | $968,311 | 33 | $968,311 | $375,986 | $425,405 |
| 2022 | $8,442,414 | $593,163 | $194,146 | $144,499 | 10 | $144,499 | $854,107 | $420,372 |
| 2021 | $9,855,739 | $2,903,109 | $138,270 | $88,742 | 8 | $88,742 | $1,216,200 | $340,074 |
| 2020 | $5,952,383 | $2,406,321 | $124,640 | $91,172 | 6 | — | $1,543,969 | $138,170 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included charitable and educational awards. Among the grantees, Flying Dove Ranch described its mission as “providing a Christian recreational camp area benefiting youth of all ages, race and religious backgrounds.” Guardian Angel Center described its mission as providing assistance to indigent individuals and single parents.
Grantmaking
In 2024, the foundation awarded 22 grants totaling $181,475. Grant amounts ranged from $500 to $45,093, with a median grant of $500. The largest awards included $45,093 to Brockway Volunteer Hose Company, $30,000 to BC3 Educational Foundation, $25,000 each to Anawim Ministries and Ridgway YMCA, $22,882 to Brockway Area School District, and $20,000 to Flying Dove Ranch.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Barbara Varischetti as President, Frank Varischetti Sr as Vice President, Peter Varischetti as Secretary, Steven Varischetti as Treasurer, and Nicholas Varischetti as Director.
The Frank Varischetti Foundation is led by Barbara Varischetti, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Barbara Varischetti
President
On filings since 2020
1 hr/week
No compensation reported
Nicholas Varischetti
Director
On filings since 2020
1 hr/week
No compensation reported
Frank Varischetti Sr.
Vice President
On filings since 2020
1 hr/week
No compensation reported
Peter Varischetti
Secretary
On filings since 2020
1 hr/week
No compensation reported
Steven Varischetti
Treasurer
On filings since 2020
1 hr/week
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 Varischetti Foundation
How much does The Frank Varischetti Foundation give each year?
The Frank Varischetti Foundation gave $181K across 22 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $968K across 33 grants.
What is The Frank Varischetti Foundation's typical grant size?
The Frank Varischetti Foundation's median grant in 2024 was $500, and its average grant was $8,249, across 22 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Frank Varischetti Foundation that year got $18K on average.
Where does The Frank Varischetti Foundation give grants?
The Frank Varischetti Foundation gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Brockway, PA (11 grants) and Ridgway, PA (3 grants).
Does The Frank Varischetti Foundation give general operating support?
Not in 2024: none of the 22 grants with a stated purpose on The Frank Varischetti Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (19 grants) and "Educational" (3 grants).
Who are The Frank Varischetti Foundation's largest grantees?
The Frank Varischetti Foundation's largest 2024 grantees include Brockway Volunteer Hose Company ($45,093), BC3 Educational Foundation ($30,000) and Anawim Ministries ($25,000), according to its 2024 IRS Form 990-PF. Together they received 55% of its itemized 2024 grant dollars.
How large is The Frank Varischetti Foundation?
The Frank Varischetti Foundation reported $10.9M in total assets on its 2024 IRS Form 990-PF. It paid out $181K in qualifying distributions that year, against a required minimum of $478K (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.
What does The Frank Varischetti Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included charitable and educational awards. Among the grantees, Flying Dove Ranch described its mission as “providing a Christian recreational camp area benefiting youth of all ages, race and religious backgrounds.” See mission & focus areas ↑
How do I apply for a grant from The Frank Varischetti Foundation?
The foundation states that it has no application form, but requests must include a project description and budget, sources and uses, a balance sheet and income statement, officers and directors, a 501(c)(3)… Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The Frank Varischetti Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/the-frank-varischetti-foundation-morg_4b0425568f75452b92b2d87015a019ae
BibTeX
@misc{grantable_753256768_2026,
author = {{Grantable}},
title = {{The Frank Varischetti Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-frank-varischetti-foundation-morg_4b0425568f75452b92b2d87015a019ae},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Frank Varischetti Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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