The Principio Foundation
The Principio Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Laguna Beach, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $549K in total assets. In 2024, it awarded 4 grants totaling $44K. Net investment income was $26K.
Key facts about The Principio Foundation
- EIN
- 47-5629663
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $43,500
- Grants made (2024)
- 4
- Average grant
- $10,875
- Median grant
- $10,000
- Total assets
- $549,476
- Primary geography
- California (77% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Principio Foundation funds
By grant dollars, the top recipient states for The Principio Foundation's 4 itemized 2024 grants were California (77%) and North Carolina (23%). None of its 4 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Purpose" (4 grants).
How The Principio Foundation gives
- Giving fell 44% from 2021 to 2024. Method
- In 2024 it paid out 189% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Principio Foundation
- How to evaluate The Principio Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$549K
-5.4% YoY
Annual Giving
$44K
+8.8% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$11K
+8.8% YoY
Under IRS private-foundation payout rules, The Principio Foundation reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.
About The Principio Foundation
Based on IRS filings
The Principio Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Laguna Beach, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $549K in total assets. In 2024, it awarded 4 grants totaling $44K. Net investment income was $26K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $549,476 | $580,992 | $615,599 |
| Revenue | $30,674 | $23,758 | $33,886 |
| Expenses | $61,927 | $58,365 | $75,361 |
| Qualifying Distributions | $57,000 | $53,500 | $69,500 |
| Net Investment Income | $25,747 | $18,893 | $28,656 |
| Distributable Amount | $30,093 | $29,901 | $33,029 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Laguna Beach Youth Football ($21,000), Kid Works ($10,000), Samaritans Purse ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LAGUNA BEACH YOUTH FOOTBALL Laguna Beach, CA | CHARITABLE PURPOSE | $21,000 |
| KID WORKS Santa Ana, CA | CHARITABLE PURPOSE | $10,000 |
| SAMARITANS PURSE Boone, NC | CHARITABLE PURPOSE | $10,000 |
| CALVARY SOUTH OC San Clemente, CA | CHARITABLE PURPOSE | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Paul Gallagher | President | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Principio Foundation?
The Principio Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Laguna Beach, CA. It holds $549K in total assets as of 2024.
How large is The Principio Foundation?
As of 2024, The Principio Foundation holds $549K in total assets with $31K in annual revenue. It awarded 4 grants totaling $44K in 2024.
Where does The Principio Foundation operate?
The Principio Foundation has awarded grants in California, Colorado, Minnesota, North Carolina, New York, Ohio.
What size grants does The Principio Foundation award?
In 2024, The Principio Foundation awarded 4 grants totaling $44K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is The Principio Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Principio Foundation reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Principio Foundation's EIN?
The Principio Foundation's EIN (Employer Identification Number) is 47-5629663. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.