The Pasculano Foundation is a private family foundation established in Delaware in 2008 and granted tax-exempt status in April 2008. Based in Cape Elizabeth, Maine, the foundation operates as a 501(c)(3) charitable organization focused on philanthropic grantmaking.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$21.3M
+24.2% YoY
Annual Giving
$3.0M
+21.6% YoY
Grant Count
21
-19.2% YoY
Avg Grant Size
$145K
+50.5% YoY
Under IRS private-foundation payout rules, The Pasculano Foundation reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in:
- Massachusetts
- New York
- Maine
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $21,251,010
- Total Giving: $3,045,000
- Revenue: $7,482,398
- Expenses: $3,337,457
- Net Income: $4,144,941
- Total Liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $21,251,010 | $17,106,069 | $18,285,832 |
| Revenue | $7,482,398 | $1,574,624 | $1,038,328 |
| Expenses | $3,337,457 | $2,754,387 | $1,352,123 |
| Qualifying Distributions | $3,129,098 | $2,604,673 | $1,178,167 |
| Net Investment Income | $1,309,039 | $1,444,910 | $872,372 |
| Distributable Amount | $1,332,765 | $915,535 | $1,034,271 |
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
84 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bigelow Laboratory ($400,000), The Nature Conservancy ($400,000), Conservation Law Foundation ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CERES INC BOSTON, MA | TO PROMOTE THE WORK OF THE ORGANIZATION | $100,000 |
| GREENWAVE ORGANIZATION CORP NEW HAVEN, CT | TO PROMOTE THE WORK OF THE ORGANIZATION | $150,000 |
| BIGELOW LABORATORY EAST BOOTHBAY, ME | TO PROMOTE THE WORK OF THE ORGANIZATION | $400,000 |
| CONSERVATION LAW FOUNDATION BOSTON, MA | TO PROMOTE THE WORK OF THE ORGANIZATION | $250,000 |
| RARE INC ARLINGTON, VA | TO PROMOTE THE WORK OF THE ORGANIZATION | $100,000 |
| THE NATURE CONSERVANCY NEW YORK, NY | TO PROMOTE THE WORK OF THE ORGANIZATION | $400,000 |
| MIND-BUILDERS CREATIVE ARTS CENTER BRONX, NY | TO PROMOTE THE WORK OF THE ORGANIZATION | $100,000 |
| URBAN ARTS NEW YORK, NY | TO PROMOTE THE WORK OF THE ORGANIZATION | $120,000 |
| ZUMIX INC EAST BOSTON, MA | TO PROMOTE THE WORK OF THE ORGANIZATION | $100,000 |
| A COMPANY OF GIRLS PORTLAND, ME | TO PROMOTE THE WORK OF THE ORGANIZATION | $30,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Founders/Donors: Lynne and Richard Pasculano are identified as local residents and donors associated with the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD PASCULANO | TRUSTEE | 1 | — |
| LYNNE PASCULANO | TRUSTEE | 1 | — |
| MARK PASCULANO | CO-PRESIDENT | 1 | — |
| SUZANNE MCGINN | CO-PRESIDENT | 1 | — |
Recent News & Activity
Recent developments and announcements
In March 2025, Lynne and Richard Pasculano announced a $5 million endowment gift to Greenwich Library in Connecticut to support the library's Signature Series programming. The gift established the Lynne and Richard Pasculano Signature Series program, which features four headline events annually showcasing speakers and thought leaders addressing topics of global significance.
Pasculano family donates $5M to expand Greenwich Library speaker series -Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Pasculano Foundation fund?
The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from The Pasculano Foundation?
**Grant Amounts:** Typical awards range from $10,000 to $400,000. **Annual Giving:** The foundation distributed $3,045,000 in grants based on the most recent IRS Form 990 filing (2024).
Where does The Pasculano Foundation make grants?
The foundation primarily supports organizations in: • Massachusetts • New York • Maine
What size grants does The Pasculano Foundation award?
In 2024, The Pasculano Foundation awarded 21 grants totaling $3.0M — an average of about $145K per grant, based on its IRS Form 990 filings.
How much is The Pasculano Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Pasculano Foundation reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Pasculano Foundation's EIN?
The Pasculano Foundation's EIN (Employer Identification Number) is 20-8037834. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Pasculano Foundation's focus areas in our free grants database
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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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