The Peter Joseph Cusano Foundation Inc
The Peter Joseph Cusano Foundation Inc is a private foundation, based in Whispering Pines, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $8K in total assets. In 2025, it awarded 3 grants totaling $15K. Net investment income was $11K.
The Peter Joseph Cusano Foundation Inc at a glance
In short: The Peter Joseph Cusano Foundation Inc gave $15K across 3 grants in 2025 (avg $5K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $15,000
- +2.4% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $5,000
- +2.4% vs 2024
- Median grant
- $5,550
- Total assets
- $7,698
- -29.3% vs 2024
- Primary geography
- North Carolina (87% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Peter Joseph Cusano Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Sandhills Classical Christian Schoo ($8K). Together the top 2 received $13K.
Organizations only. It also paid 1 grant to individuals ($1,950), which are not listed by name.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How The Peter Joseph Cusano Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+17%). Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $8K (2020) to $15K (2023). In 2025 it made 3 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sandhills Classical Christian Schoo Whispering Pines, NC | Financial Asstto students | $7,500 |
| Father Vincent Capodanno High Schoo Vass, NC | Financial Asstto students | $5,550 |
| 1 grant to individuals Recipients not named | — | $1,950 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $7,698 | $1,243 | $15,361 | $15,000 | 3 | $15,000 | $10,929 | $964 |
| 2024 | $10,887 | $1,042 | $15,727 | $14,650 | 3 | $14,650 | $8,880 | $1,505 |
| 2023 | $16,692 | $1,374 | $16,147 | $15,050 | 4 | $15,050 | $3,777 | $2,182 |
| 2022 | $27,688 | $1,551 | $14,222 | $12,775 | 4 | $12,775 | $11 | $2,822 |
| 2021 | $40,348 | $7,442 | $11,734 | $9,950 | 4 | $9,950 | $324 | $2,958 |
| 2020 | $44,316 | $12,940 | $8,629 | $7,550 | 4 | — | $1,029 | $2,864 |
Under IRS private-foundation payout rules, The Peter Joseph Cusano Foundation Inc reported a distributable amount of $964 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Peter Joseph Cusano Foundation Inc is led by Karen E. Cusano, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Karen E. Cusano
President
On filings since 2020
1 hr/week
No compensation reported
Antoinette M. Cusano
Vice President
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Michael R. Cusano (2020–2023) — Secretary & Treasurer
Data from IRS Form 990 filings, 2020–2025. "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 Peter Joseph Cusano Foundation Inc
How much does The Peter Joseph Cusano Foundation Inc give each year?
The Peter Joseph Cusano Foundation Inc gave $15K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $15K across 3 grants.
What is The Peter Joseph Cusano Foundation Inc's typical grant size?
The Peter Joseph Cusano Foundation Inc's median grant in 2025 was $5,550, and its average grant was $5,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Peter Joseph Cusano Foundation Inc give grants?
The Peter Joseph Cusano Foundation Inc gives mostly in North Carolina: 87% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was North Dakota (13%).
Does The Peter Joseph Cusano Foundation Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The Peter Joseph Cusano Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Financial Asstto students" (3 grants).
How large is The Peter Joseph Cusano Foundation Inc?
The Peter Joseph Cusano Foundation Inc reported $8K in total assets on its 2025 IRS Form 990-PF. It paid out $15K in qualifying distributions that year, against a required minimum of $964 (roughly 5% of its investment assets).
What is The Peter Joseph Cusano Foundation Inc's EIN?
The Peter Joseph Cusano Foundation Inc's EIN (Employer Identification Number) is 56-1582389. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 18, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 23, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
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