The Raffo-Meringolo Family Foundation

WILMINGTON, DE EIN: 87-2777863

The Raffo-Meringolo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$383K

+1431.5% YoY

Grant Count

+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.

About The Raffo-Meringolo Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $383K (94%)

Connecticut $25K (6%)

States

Connecticut Ohio

Cities

HudsonNew Haven

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
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

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 2023

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Independent Charitable Gift Fund ($319,960), Independent Charitable Gift Fund ($62,921).

Recipient	Purpose	Amount
INDEPENDENT CHARITABLE GIFT FUND HUDSON, OH	The Raffo-Meringolo Family Giving Fund (IN-KIND GRANTS - SEE GENERAL EXPLANATION)	$319,960
INDEPENDENT CHARITABLE GIFT FUND HUDSON, OH	The Raffo-Meringolo Family Giving Fund	$62,921

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
Peter P Meringolo	Dir, Pres, Sec, Treas	1	—
Joyce Raffo	Dir, VP	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Raffo-Meringolo Family Foundation?

The Raffo-Meringolo Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds — in total assets as of 2023.

Where does The Raffo-Meringolo Family Foundation operate?

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

What size grants does The Raffo-Meringolo Family Foundation award?

In 2023, The Raffo-Meringolo Family Foundation awarded 2 grants totaling $383K — an average of about $191K per grant, based on its IRS Form 990 filings.

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.