The Joseph and Susan Gatto Foundation
The Joseph and Susan Gatto Foundation is a private foundation, based in Melville, NY. IRS filing data is available from 2019 through 2024. In 2024, it awarded 2 grants totaling $12.2M. Net investment income was $266K.
Key facts about The Joseph and Susan Gatto Foundation
In short: The Joseph and Susan Gatto Foundation gave $12.2M across 2 grants in 2024 (avg $6.1M), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- EIN
- 13-3921102
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $12,239,125
- Grants made (2024)
- 2
- Average grant
- $6,119,563
- Median grant
- $6,119,563
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$12.2M
+2319.3% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$6.1M
+1109.6% YoY
Under IRS private-foundation payout rules, The Joseph and Susan Gatto Foundation reported a distributable amount of $353K for 2024 — the minimum it must pay out in qualifying distributions.
How The Joseph and Susan Gatto Foundation gives
- Giving grew 2297% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $495K (2020) to $12.2M (2024). In 2024 it made 2 grants totaling $12.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Fidelity Investments Charitable Gift Fund ($12.2M). Together the top 2 received $12.2M.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 6 (50%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Investments Charitable Gift Fund Boston, MA | Distribution of remaining charitable assets to Fidelity Charitable Gift Fund (DAF) pursuant to plan of dissolution, for future grantmaking to 501(c)(3) public charities. | $12,197,195 |
| Cornell University Boone, IA | Education and Institutional Programming | $41,930 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $7,236,097 | $7,415,001 |
| Revenue | $278,702 | $329,318 | $100,578 |
| Expenses | $12,272,216 | $508,222 | $513,379 |
| Qualifying Distributions | $12,259,280 | $505,900 | $510,739 |
| Net Investment Income | $265,766 | $328,860 | $97,940 |
| Distributable Amount | $352,723 | $493,070 | $507,366 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS February 3, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 5, 2026)
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Officers and directors from IRS filings
The Joseph and Susan Gatto Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Joseph D. Gatto
Trustee
On filings since 2019
1 hr/week
No compensation reported
Susan Gatto
Trustee
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Joseph and Susan Gatto Foundation
How much does The Joseph and Susan Gatto Foundation give each year?
The Joseph and Susan Gatto Foundation gave $12.2M across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $506K across 1 grant.
Where does The Joseph and Susan Gatto Foundation operate?
The Joseph and Susan Gatto Foundation has awarded grants in Connecticut, Iowa, Massachusetts.
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 $353K 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 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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