The Grassano Family Foundation Inc
The Grassano Family Foundation Inc is a private foundation, based in Vero Beach, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $36K in total assets. In 2025, it awarded 1 grant totaling $1K. Net investment income was $927.
The Grassano Family Foundation Inc at a glance
In short: The Grassano Family Foundation Inc gave $1K across 1 grant in 2025 (avg $1K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,000
- -90.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $1,000
- -90.0% vs 2024
- Median grant
- $1,000
- Total assets
- $35,957
- +429.8% vs 2024
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Grassano Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was St Edwards School ($1K).
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The Grassano Family Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−10%). Method
- In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $250 (2023) to $13K (2020). In 2025 it made 1 grant totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Edwards School Vero Beach, FL | Educational | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $35,957 | $30,927 | $1,757 | $1,000 | 1 | $1,000 | $927 | $1,040 |
| 2024 | $6,787 | $8,484 | $12,231 | $10,000 | 1 | $10,061 | $484 | $401 |
| 2023 | $9,762 | — | $2,431 | $250 | 1 | $451 | — | $541 |
| 2022 | $12,193 | — | $1,280 | $1,110 | 1 | $1,280 | — | $1,264 |
| 2021 | $13,372 | — | $1,775 | $1,180 | 6 | $1,775 | — | $705 |
| 2020 | $15,248 | $13 | $14,016 | $12,985 | 15 | — | $13 | $2,190 |
Under IRS private-foundation payout rules, The Grassano Family Foundation Inc reported a distributable amount of $1K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Grassano Family Foundation Inc is led by Alan Grassano, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Alan Grassano
President
On filings since 2020
No compensation reported
Alex Grassano
Director
On filings since 2020
No compensation reported
Valerie Grassano
Secretary
On filings since 2020
No compensation reported
Former officers (1)
- Former: Andrew Grassano (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2025. "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 Grassano Family Foundation Inc
How much does The Grassano Family Foundation Inc give each year?
The Grassano Family Foundation Inc gave $1K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $10K across 1 grant.
How large is The Grassano Family Foundation Inc?
The Grassano Family Foundation Inc reported $36K in total assets on its 2025 IRS Form 990-PF. It paid out $1K in qualifying distributions that year, against a required minimum of $1K (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.
Where does The Grassano Family Foundation Inc operate?
The Grassano Family Foundation Inc has awarded grants in Colorado, Connecticut, District of Columbia, Florida, Missouri, New York, Ohio, South Dakota, Tennessee, Virginia.
What is The Grassano Family Foundation Inc's EIN?
The Grassano Family Foundation Inc's EIN (Employer Identification Number) is 47-5214545. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Grassano Family Foundation Inc's focus areas in our free grants database
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