The Toolan Family Foundation Inc
The Toolan Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $60K in total assets. In 2024, it awarded 1 grants totaling $12K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$60K
-15.9% YoY
Annual Giving
$12K
+12.1% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$12K
+236.4% YoY
Under IRS private-foundation payout rules, The Toolan Family Foundation Inc reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
About The Toolan Family Foundation Inc
Based on IRS filings
The Toolan Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $60K in total assets. In 2024, it awarded 1 grants totaling $12K. Net investment income was $2K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $60,425 | $71,879 | $82,074 |
| Revenue | $3,599 | $3,456 | $593 |
| Expenses | $15,053 | $13,651 | $11,741 |
| Qualifying Distributions | $13,525 | $12,201 | $10,341 |
| Net Investment Income | $2,099 | $2,006 | — |
| Distributable Amount | $3,322 | $3,744 | $4,242 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Schedule 1 ($11,775).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE SCHEDULE 1 NEW YORK, NY | THE PURPOSE OF THIS CONTRIBUTION IS TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTION. | $11,775 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRIAN TOOLAN | PRESIDENT/TREASURER | — | — |
| THOMAS TOOLAN | VICE PRES/SECRETARY | — | — |
| KEVIN TOOLAN | VICE PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Toolan Family Foundation Inc?
The Toolan Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $60K in total assets as of 2024.
How large is The Toolan Family Foundation Inc?
As of 2024, The Toolan Family Foundation Inc holds $60K in total assets with $4K in annual revenue. It awarded 1 grants totaling $12K in 2024.
Where does The Toolan Family Foundation Inc operate?
The Toolan Family Foundation Inc has awarded grants in Connecticut, New Jersey, New York.
What size grants does The Toolan Family Foundation Inc award?
In 2024, The Toolan Family Foundation Inc awarded 1 grants totaling $12K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is The Toolan Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Toolan Family Foundation Inc reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Toolan Family Foundation Inc's EIN?
The Toolan Family Foundation Inc's EIN (Employer Identification Number) is 13-4152268. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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