The Joseph and Susan Gatto Foundation
The Joseph and Susan Gatto Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MELVILLE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.4M in total assets. In 2024, it awarded 6 grants totaling $502K. Net investment income was $465K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.4M
+2.3% YoY
Annual Giving
$502K
-0.8% YoY
Grant Count
6
+500.0% YoY
Avg Grant Size
$84K
-83.5% YoY
Under IRS private-foundation payout rules, The Joseph and Susan Gatto Foundation reported a distributable amount of $318K for 2024 — the minimum it must pay out in qualifying distributions.
About The Joseph and Susan Gatto Foundation
Based on IRS filings
The Joseph and Susan Gatto Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MELVILLE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.4M in total assets. In 2024, it awarded 6 grants totaling $502K. Net investment income was $465K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,402,314 | $7,236,097 | $7,415,001 |
| Revenue | $470,441 | $329,318 | $100,578 |
| Expenses | $520,022 | $508,222 | $513,379 |
| Qualifying Distributions | $507,090 | $505,900 | $510,739 |
| Net Investment Income | $465,180 | $328,860 | $97,940 |
| Distributable Amount | $318,283 | $493,070 | $507,366 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Statement a ($280,500), University of Pennslyvania ($59,453), The Lupus Foundation ($50,535).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE STATEMENT A SEE STATEMENT A, CT | SEE STATEMENT A | $280,500 |
| UNIVERSITY OF PENNSLYVANIA PHILADELPHIA, PA | EDUCATION GRANT | $59,453 |
| THE LUPUS FOUNDATION WASHINGTON, DC | IMPROVING THE QUALITY OF LIFE FOR ALL PEOPLE AFFECTED BY LUPUS. | $50,535 |
| SJOGREN'S FOUNDATION RESTON, VA | EDUCATION, AWARENESS AND ADVOCACY - TO SECURE FUNDING FOR RESEARCH. | $50,535 |
| PRINCETON UNIVERSITY PRINCETON, NJ | GENERAL OPERATING SUPPORT | $25,763 |
| MCLEAN HOSPITAL BELMONT, MA | ADVANCING MENTAL HEALTH CARE TO PROVIDE COMPASSIONATE SPECIALIZED AND EVIDENCE-BASED CARE. | $35,044 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH D GATTO | TRUSTEE | 5 | — |
| SUSAN GATTO | TRUSTEE | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Joseph and Susan Gatto Foundation?
The Joseph and Susan Gatto Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MELVILLE, NY. It holds $7.4M in total assets as of 2024.
How large is The Joseph and Susan Gatto Foundation?
As of 2024, The Joseph and Susan Gatto Foundation holds $7.4M in total assets with $470K in annual revenue. It awarded 6 grants totaling $502K in 2024.
Where does The Joseph and Susan Gatto Foundation operate?
The Joseph and Susan Gatto Foundation has awarded grants in Connecticut, District of Columbia, Massachusetts, New Jersey, Pennsylvania, Virginia.
What size grants does The Joseph and Susan Gatto Foundation award?
In 2024, The Joseph and Susan Gatto Foundation awarded 6 grants totaling $502K — an average of about $84K per grant, based on its IRS Form 990 filings.
How much is The Joseph and Susan Gatto Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Joseph and Susan Gatto Foundation reported a distributable amount of $318K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Joseph and Susan Gatto Foundation's EIN?
The Joseph and Susan Gatto Foundation's EIN (Employer Identification Number) is 13-3921102. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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