The Raffo-Meringolo Family Foundation
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
Share of 2023 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
The largest 2023 recipient was Independent Charitable Gift Fund ($383K across 2 grants).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 1 grant of 3 (33%).
Giving History
Grant recipients and amounts by year
| 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 |
Financial History
Multi-year comparison from IRS filings
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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.
Here's the math on researching The Raffo-Meringolo Family Foundation by hand.
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