The Turano Foundation is a corporate foundation based in Berwyn, Illinois, affiliated with the Turano Baking Company. Established in 1998, it operates as a private grantmaking foundation with a focus on supporting charitable organizations and educational initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$538K
+80.2% YoY
Grant Count
56
-5.1% YoY
Avg Grant Size
$10K
+89.9% YoY
Mission & Focus Areas
The foundation's primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Nonprofit Human Services
- Reproductive Health
- Housing
- Women's Shelters and Supportive Housing
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Illinois
- Rhode Island
- Indiana
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total assets: $14,223,500
- Total revenues: $5,424,010
- Total expenses: $547,780
- Total grants, contributions: $5,000,000
- Investment income and dividends: $424,010
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is listed as "C/o Lisa Turano" in official filings, indicating Lisa Turano's involvement in foundation operations.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LISA TURANO SOLANO | PRESIDENT/SE | — | — |
| WILLIAM CARLSON | DIRECTOR | — | — |
| MARIA COSENTINO | DIRECTOR | — | — |
| ANGELINA SORRENTINO | DIRECTOR | — | — |
| MARIO TURANO | DIRECTOR | — | — |
| CYNTHIA VILLARDITO | DIRECTOR | — | — |
| ANTHONY TURANO | DIRECTOR | — | — |
| SANDRA BATTERSBY | TREASURER | — | — |
| GENA TURANO | DIRECTOR | — | — |
| JESSICA TURANO | DIRECTOR | — | — |
| MALINA NOVELLE | DIRECTOR | — | — |
| BRIAN RUGER | DIRECTOR | — | — |
| MICHAEL LEMAR | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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