The Leonettio'connell Family Foundation
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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
Under IRS private-foundation payout rules, The Leonettio'connell Family Foundation reported a distributable amount of $4.4M for 2024 — the minimum it must pay out in qualifying distributions.
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
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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
Among its reported 2024 grants, the largest include The Ucla Cardiac Arrhythmia Center ($325,000), Grants Under 1k for Financial Hards ($187,409), Rivet School ($175,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CALIFORNIA SCIENCE CENTER LOS ANGELES, CA | SCIENCE & TECHNOLOGY | $25,000 |
| CARLTHORP SCHOOL SANTA MONICA, CA | EDUCATION | $75,000 |
| CLASSICAL KUSC LOS ANGELES, CA | ARTS, CULTURE & HUMANITIES | $10,000 |
| NATIVITY HIGH SCHOOL SAN FRANCISCO, CA | EDUCATION | $100,000 |
| GRANTS UNDER 1K FOR FINANCIAL HARDS LOS ANGELES, CA | FINANCIAL HARDSHIP | $187,409 |
| JAZZ HANDS FOR AUTISM CULVER CITY, CA | PROGRAM SUPPORT | $10,000 |
| HARVARD-WESTLAKE SCHOOL LOS ANGELES, CA | PROGRAM SUPPORT | $25,000 |
| SUSTAINABLE CONSERVATION SAN FRANCISCO, CA | PROGRAM SUPPORT | $8,000 |
| LOS ANGELES PUBLIC PRESS LOS ANGELES, CA | PROGRAM SUPPORT | $5,000 |
| LIFT INC NEWPORT BEACH, CA | PHILANTHROPY, VOLUNTEERISM & GRANTMAKING | $10,000 |
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
Frequently Asked Questions
What does The Leonettio'connell Family Foundation fund?
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.
How do I apply for a grant from The Leonettio'connell Family Foundation?
The Leonettio'Connell Family Foundation makes contributions to preselected charitable organizations. Based on available records: • **Grant History**: The foundation has made 121 grants totaling $11.9 million • **Median Grant Size**: $43,000 • **Grant Range**: Individual grants have ranged from $5,000 to $1,000,000 • **Average Award**: $99,000 • **Recent Activity**: The foundation made 45 grants in 2023, with notable recipients including The Roxbury Latin School ($225,000), Young Eisner Scholars…
Where does The Leonettio'connell Family Foundation make 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.
What size grants does The Leonettio'connell Family Foundation award?
In 2024, The Leonettio'connell Family Foundation awarded 48 grants totaling $1.9M — an average of about $40K per grant, based on its IRS Form 990 filings.
How much is The Leonettio'connell Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Leonettio'connell Family Foundation reported a distributable amount of $4.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Leonettio'connell Family Foundation's EIN?
The Leonettio'connell Family Foundation's EIN (Employer Identification Number) is 20-3889415. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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