The Leonettio'connell Family Foundation
type: exa:news title: Equity for Community College Students, AB705 Report, LBCC ... type: exa:news title: Nine public schools awarded total of $450,000 by Leonore Annenberg School Fund type: exa:news title: Leonore Annenberg Scholarship, Fellowship, and School Funds Announce 2013 Grant Recipients
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$93.6M
-5.1% YoY
Annual Giving
$1.9M
-22.4% YoY
Grant Count
48
+84.6% YoY
Avg Grant Size
$40K
-57.9% YoY
Mission & Focus Areas
The foundation's primary focus is education in Los Angeles County, California. The organization concentrates its grantmaking efforts on educational institutions and initiatives within this geographic area.
Grantmaking
The Leonettio'Connell Family Foundation makes contributions to preselected charitable organizations. Based on available records:
Grant Range
**: $43,000
Ready to take the next step with The Leonettio'connell Family Foundation?
Geographic Focus
Where this funder awards grants
While the foundation's primary focus is Los Angeles County, California, grantmaking extends across multiple states. The foundation primarily supports organizations in California, Massachusetts, and Minnesota, which account for 95% of all grants. Overall grantmaking reaches organizations across six states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $93.6 million
- Annual Revenue: $7.62 million
- Annual Expenses: $3.84 million
- Total Liabilities: $585,000
As of 2023:
- Total Assets: $98.6 million
- Total Revenues: $2.77 million
- Total Expenses: $4.17 million
The foundation has demonstrated significant asset growth, increasing from $36.1 million in 2011 to $93.6 million in 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $93,633,533 | $98,662,922 | $104,319,065 |
| Revenue | $7,623,005 | $2,768,074 | $2,950,119 |
| Expenses | $3,836,046 | $4,169,921 | $4,034,526 |
| Qualifying Distributions | $3,072,687 | $3,525,474 | $3,377,337 |
| Net Investment Income | $7,551,783 | $1,876,814 | $2,024,183 |
| Distributable Amount | $4,383,137 | $4,882,911 | $5,351,540 |
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
165 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by six officers and trustees, including:
- Cara Esposito
- Margo Leonetti O'Connell
- Michael F. O'Connell
Administrative staff include:
- Diana Adamson, Chief Executive Officer (Arete Rising LLC)
- Veronica Ponce-Navarrete, Chief Operating Officer (Arete Rising LLC)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CARA ESPOSITO | EXECUTIVE DIRECTOR, DIRECTOR | 25 | — |
| MARGO LEONETTI O'CONNELL | PRESIDENT, DIRECTOR | 2 | — |
| MICHAEL F O'CONNELL | SECRETARY, CFO, DIRECTOR | 2 | — |
| MICHAEL KEVIN O'CONNELL | VICE PRESIDENT, DIRECTOR | 2 | — |
| DIANA ADAMSON | CEO, ARETE RISING LLC | 40 | $154,400 |
| VERONICA PONCE-NAVARRETE | COO, ARETE RISING LLC | 40 | $152,252 |
Contact Information
- Phone: (213) 622-0066
- Website: www.locff.org
- Address: 515 S Figueroa St Ste 650, Los Angeles, CA 90071
- EIN: 20-3889415
- Tax-Exempt Status: Granted January 2006
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Cottage Health
SANTA BARBARA, CA
Assets
$172.1M
Grants
6
Total Given
$179K
International Right of Way Association
GARDENA, CA
Assets
$5.7M
Grants
1
Total Given
$9K
Quince Interfaith Housing Corporation
LEMON GROVE, CA
Assets
—
Grants
0
Total Given
—
William & Lillian Schwartz Charitable Foundation
LA JOLLA, CA
Assets
$325K
Grants
1
Total Given
$3K
Covia Foundation
GLENDALE, CA
Assets
$15.2M
Grants
1
Total Given
$4.8M
Yale Ave Housing Inc
LAKE FOREST, CA
Assets
$25K
Grants
1
Total Given
$40K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Leonettio'connell Family Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities