The Michael Basso Memorial Foundation is a private foundation focused on Education, based in SAN RAFAEL, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $264K in total assets. In 2024, it awarded 2 grants totaling $18K. Net investment income was $25K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$264K
-6.7% YoY
Annual Giving
$18K
Grant Count
2
Avg Grant Size
$9K
Under IRS private-foundation payout rules, The Michael Basso Memorial Foundation reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
About The Michael Basso Memorial Foundation
Based on IRS filings
The Michael Basso Memorial Foundation is a private foundation focused on Education, based in SAN RAFAEL, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $264K in total assets. In 2024, it awarded 2 grants totaling $18K. Net investment income was $25K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $263,805 | $282,843 | $281,013 |
| Revenue | $25,405 | $14,591 | $20,951 |
| Expenses | $25,619 | $12,880 | $7,547 |
| Qualifying Distributions | $18,000 | — | — |
| Net Investment Income | $25,005 | $13,991 | — |
| Distributable Amount | $14,922 | $14,046 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Marin Catholic School ($17,000), Play Marin ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MARIN CATHOLIC SCHOOL KENTFIELD, CA | GENERAL SUPPORT | $17,000 |
| PLAY MARIN SAUSALITO, CA | GENERAL SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID WILLIAM BASSO | Director | — | — |
| GREGORY DAVID BASSO | Director | — | — |
| LISA MARIE BASSO | Director | — | — |
| DAVID VINCENT BASSO | Director | — | — |
| KATHLEEN MURRAY | Director | — | — |
| FRANK BRADY | Director | — | — |
| PHILLIP FERRIS | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Michael Basso Memorial Foundation?
The Michael Basso Memorial Foundation is a private foundation focused on Education, based in SAN RAFAEL, CA. It holds $264K in total assets as of 2024.
How large is The Michael Basso Memorial Foundation?
As of 2024, The Michael Basso Memorial Foundation holds $264K in total assets with $25K in annual revenue. It awarded 2 grants totaling $18K in 2024.
Where does The Michael Basso Memorial Foundation operate?
The Michael Basso Memorial Foundation has awarded grants in California.
What size grants does The Michael Basso Memorial Foundation award?
In 2024, The Michael Basso Memorial Foundation awarded 2 grants totaling $18K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Michael Basso Memorial Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Michael Basso Memorial Foundation reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Michael Basso Memorial Foundation's EIN?
The Michael Basso Memorial Foundation's EIN (Employer Identification Number) is 68-0342850. 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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