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
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
No grants recorded for .
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
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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