The Robert B & Marcia M Costello Family Foundation
The Robert B & Marcia M Costello Family Foundation is a private foundation, based in Utica, MI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $537K in total assets. In 2025, it awarded 6 grants totaling $35K. Net investment income was $42K.
Key facts about The Robert B & Marcia M Costello Family Foundation
In short: The Robert B & Marcia M Costello Family Foundation gave $35K across 6 grants in 2025 (avg $6K), top state Indiana. Source: 2025 IRS Form 990-PF.
- EIN
- 65-0739808
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $35,000
- Grants made (2025)
- 6
- Average grant
- $5,833
- Median grant
- $5,000
- Total assets
- $537,002
- Primary geography
- Indiana (43% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$537K
+195.3% YoY
Annual Giving
$35K
+293.3% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$6K
+227.7% YoY
Under IRS private-foundation payout rules, The Robert B & Marcia M Costello Family Foundation reported a distributable amount of $22K for 2025 — the minimum it must pay out in qualifying distributions.
How The Robert B & Marcia M Costello Family Foundation gives
- Giving grew 233% from 2022 to 2025. Method
- In 2024 it paid out 100% of 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 2025 grant dollars across all 6 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $8K (2023) to $35K (2025). In 2025 it made 6 grants totaling $35K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was 2nd Presbyterian Church ($10K). Together the top 6 received $35K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2nd Presbyterian Church Indianapolis, IN | General Purpose | $10,000 |
| Berea College Berea, KY | General Purpose | $5,000 |
| Alzheimer's Association Washington, DC | General Purpose | $5,000 |
| Peyton Manning Children's Hospital Indianapolis, IN | General Purpose | $5,000 |
| Southeastern Guide Dogs Palmetto, FL | General Purpose | $5,000 |
| United Mitochondrial Disease Foundation Pittsburgh, PA | General Purpose | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $537,002 | $181,820 | $166,613 |
| Revenue | $56,948 | $22,319 | $11,016 |
| Expenses | $47,501 | $14,800 | $14,151 |
| Qualifying Distributions | — | $8,900 | $7,640 |
| Net Investment Income | $42,027 | $16,365 | $4,505 |
| Distributable Amount | $21,778 | $8,893 | $8,257 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 3, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 22, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 8, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 1, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Officers and directors from IRS filings
The Robert B & Marcia M Costello Family Foundation is led by Marcia M Costello, President on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Marcia M Costello
President
On filings since 2019
0.5 hrs/week
No compensation reported
Benjamin R Hanan
Director
On filings since 2019
0.2 hrs/week
No compensation reported
Dominic J Graves
Vice President
On filings since 2019
0.2 hrs/week
No compensation reported
Stephanie N Marotta
Secretary
On filings since 2023
0.2 hrs/week
No compensation reported
Former officers (2)
- Former: Raymond L Klingensmith (2019–2023) — Director
- Former: David P Sutherland (2019–2022) — Secretary
Data from IRS Form 990 filings, 2019–2025. "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 Robert B & Marcia M Costello Family Foundation
How much does The Robert B & Marcia M Costello Family Foundation give each year?
The Robert B & Marcia M Costello Family Foundation gave $35K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $9K across 5 grants.
What is The Robert B & Marcia M Costello Family Foundation's typical grant size?
The Robert B & Marcia M Costello Family Foundation's median grant in 2025 was $5,000, and its average grant was $5,833, across 6 grants on its 2025 IRS Form 990-PF.
Where does The Robert B & Marcia M Costello Family Foundation give grants?
The Robert B & Marcia M Costello Family Foundation's top state is Indiana, with 43% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Kentucky (14%) and District of Columbia (14%). The most frequent recipient cities were Indianapolis, IN (2 grants).
Does The Robert B & Marcia M Costello Family Foundation give general operating support?
Yes: 100% of The Robert B & Marcia M Costello Family Foundation's 2025 grants with a stated purpose (6 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Robert B & Marcia M Costello Family Foundation's largest grantees?
The Robert B & Marcia M Costello Family Foundation's largest 2025 grantees include 2nd Presbyterian Church ($10,000), Berea College ($5,000) and Alzheimer's Association ($5,000), according to its 2025 IRS Form 990-PF. Together they received 57% of its itemized 2025 grant dollars.
How large is The Robert B & Marcia M Costello Family Foundation?
The Robert B & Marcia M Costello Family Foundation reported $537K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $57K.
How much is The Robert B & Marcia M Costello Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Robert B & Marcia M Costello Family Foundation reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Robert B & Marcia M Costello Family Foundation's EIN?
The Robert B & Marcia M Costello Family Foundation's EIN (Employer Identification Number) is 65-0739808. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Robert B & Marcia M Costello Family Foundation by hand.
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