The Galasso Foundation is a private grantmaking foundation based in Clarence, New York. The organization has maintained tax-exempt status since April 1963.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.3M
-1.5% YoY
Annual Giving
$262K
-21.6% YoY
Grant Count
39
+11.4% YoY
Avg Grant Size
$7K
-29.7% YoY
Under IRS private-foundation payout rules, The Galasso Foundation reported a distributable amount of $437K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation makes charitable contributions to nonprofit organizations. Recent grant activity includes a $10,000 contribution to Seneca County House of Concern in Waterloo, New York during the 2024 fiscal year.
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Geographic Focus
Where this funder awards grants
The foundation has demonstrated funding activity in New York State, including support for organizations in Seneca County.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
EIN: 16-6031447
The foundation filed its most recent Form 990PF tax return for the fiscal year ending December 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,267,961 | $8,394,198 | $8,471,038 |
| Revenue | $343,187 | $468,461 | $414,937 |
| Expenses | $469,424 | $545,301 | $455,422 |
| Qualifying Distributions | $340,753 | $415,817 | $326,140 |
| Net Investment Income | $217,540 | $343,755 | $289,682 |
| Distributable Amount | $436,998 | $414,609 | $428,699 |
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
196 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Our Lady of Victory Basilica ($50,000), Regional Food Bank of Northeastern ($28,000), Big Big Table ($27,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Canisius College Buffalo, NY | Scholarship Fund | $5,000 |
| Cobleskill Community Activities Fou Cobleskill, NY | Program Support | $10,000 |
| Our Lady of Victory Basilica Lackawanna, NY | Contribution | $50,000 |
| Sisters of Saint Francis Williamsville, NY | Contribution | $4,000 |
| St Mary's High School Lancaster, NY | Contribution | $1,500 |
| Artpark Company Lewiston, NY | Contribution | $1,500 |
| Middleburgh Library Middleburgh, NY | Contribution | $2,500 |
| United Way of Seneca County Waterloo, NY | Contribution | $2,500 |
| Schoharie Free Library Schoharie, NY | Contribution | $2,500 |
| Pottawattamie County Conservation F Council Bluffs, IA | Contribution | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Rev Mgr David G LiPuma | Trustee | 1 | $10,000 |
| James P Gonzalez | Trustee | 1 | $10,000 |
| August J Gillon | Trustee | 1 | $10,000 |
| J Michael Kelleher | Trustee | 1 | $10,000 |
| Emil J Galasso | Trustee | 1 | $10,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from The Galasso Foundation?
The foundation makes charitable contributions to nonprofit organizations. Recent grant activity includes a $10,000 contribution to Seneca County House of Concern in Waterloo, New York during the 2024 fiscal year.
Where does The Galasso Foundation make grants?
The foundation has demonstrated funding activity in New York State, including support for organizations in Seneca County.
What size grants does The Galasso Foundation award?
In 2024, The Galasso Foundation awarded 39 grants totaling $262K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is The Galasso Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Galasso Foundation reported a distributable amount of $437K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Galasso Foundation's EIN?
The Galasso Foundation's EIN (Employer Identification Number) is 16-6031447. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Galasso Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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