The Raffo-Meringolo Family Foundation

Private foundation · Grantmaker Wilmington, DE EIN: 87-2777863

The Raffo-Meringolo Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2021 through 2023. In 2023, it awarded 2 grants totaling $383K. Net investment income was $567.

Key facts about The Raffo-Meringolo Family Foundation

In short: The Raffo-Meringolo Family Foundation gave $383K across 2 grants in 2023 (avg $191K), mostly in Ohio. Source: 2023 IRS Form 990-PF.

EIN
87-2777863
Latest 990 filing
Form 990-PF, 2023
Annual giving (2023)
$382,881
Grants made (2023)
2
Average grant
$191,441
Median grant
$191,441
Primary geography
Ohio (100% of itemized 2023 grant dollars)

Data from IRS Form 990-PF, 2023; updated September 2026.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$383K

+1431.5% YoY

Grant Count

2

+100.0% YoY

Avg Grant Size

$191K

+665.8% YoY

Under IRS private-foundation payout rules, The Raffo-Meringolo Family Foundation reported a distributable amount of $15K for 2023 — the minimum it must pay out in qualifying distributions.

How The Raffo-Meringolo Family Foundation gives

  • In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2023 grant dollars across all 2 itemized grants.

Cities

HudsonNew Haven

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K0 grants2021 1 grant2022 2 grants2023

From 2022 to 2023, annual grant giving ranged from $25K (2022) to $383K (2023). In 2023 it made 2 grants totaling $383K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2023

Independent Charitable Gift Fund: $383K across 2 grantsIndependent Charitable GiftFund$383K · 2 grants

The largest 2023 recipient was Independent Charitable Gift Fund ($383K across 2 grants).

Grant Size Distribution

3 grants across all recorded years

1<$50K1$50–100K$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 1 grant of 3 (33%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Independent Charitable Gift Fund Hudson, OHThe Raffo-Meringolo Family Giving Fund (IN-KIND GRANTS - SEE GENERAL EXPLANATION)$319,960
Independent Charitable Gift Fund Hudson, OHThe Raffo-Meringolo Family Giving Fund$62,921

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2021 2022 2023
Metric202320222021
Total Assets—$476,363$509,395
Revenue$-45,170$5,948$516,516
Expenses$399,220$38,980$7,121
Qualifying Distributions$396,376$33,076$6,500
Net Investment Income$567$2,294$161,835
Distributable Amount$14,998$20,231$284

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2023

Leadership & Key People

Officers and directors from IRS filings

The Raffo-Meringolo Family Foundation is led by Peter P Meringolo, Director, President, Secretary & Treasurer on every filing since 2021; none of the 2 officers listed in 2023 report compensation.

Officers on the 2023 filing

  • Peter P Meringolo

    Director, President, Secretary & Treasurer

    On filings since 2021

    1 hr/week

    No compensation reported

  • Joyce Raffo

    Director & Vice President

    On filings since 2021

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2023. "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 Raffo-Meringolo Family Foundation

How much does The Raffo-Meringolo Family Foundation give each year?

The Raffo-Meringolo Family Foundation gave $383K across 2 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $25K across 1 grant.

Where does The Raffo-Meringolo Family Foundation operate?

The Raffo-Meringolo Family Foundation has awarded grants in Connecticut, Ohio.

How much is The Raffo-Meringolo Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, The Raffo-Meringolo Family 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 Raffo-Meringolo Family Foundation's EIN?

The Raffo-Meringolo Family Foundation's EIN (Employer Identification Number) is 87-2777863. IRS Form 990 filing data is available on this page for 2021–2023.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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