The Walter J Gatti Foundation Inc
The Walter J Gatti Foundation Inc is a private foundation focused on Medical Research, based in Melbourne, FL. IRS filing data is available from 2020 through 2025. In 2025, it awarded 3 grants totaling $5.5M.
The Walter J Gatti Foundation Inc at a glance
In short: The Walter J Gatti Foundation Inc gave $5.5M across 3 grants in 2025 (avg $1.8M), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $5,502,397
- +24028.0% vs 2024
- Grants made (2025)
- 3
- +50.0% vs 2024
- Average grant
- $1,834,132
- +15985.4% vs 2024
- Median grant
- $25,000
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Walter J Gatti Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was The Community Foundation for Brevard Inc ($5.5M). Together the top 3 received $5.5M.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 23 grants of 25 (92%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How The Walter J Gatti Foundation Inc gives
- Giving grew 9674% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $14K (2023) to $5.5M (2025). In 2025 it made 3 grants totaling $5.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Community Foundation for Brevard Inc Melbourne, FL | To expand, enhance and sustain Brevard county's quality of life. | $5,467,397 |
| Veterans Airlift Command Saint Louis Park, MN | Coordinates Air Flights for Wounded Veterans | $25,000 |
| Serene Harbor Palm Bay, FL | To Assist Those Subject to Domestic Violence. | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | — | $4,700,000 | $5,502,627 | $5,502,397 | 3 | $5,502,627 | $14,248 |
| 2024 | $802,627 | $623,652 | $22,866 | $22,805 | 2 | $22,866 | $23,434 |
| 2023 | $201,841 | $202,245 | $14,732 | $14,307 | 2 | $14,732 | $3,305 |
| 2022 | $14,328 | $56,400 | $57,848 | $56,298 | 6 | $57,848 | $556 |
| 2021 | $15,776 | $110,000 | $111,607 | $109,071 | 12 | — | $1,267 |
| 2020 | $17,383 | $40,000 | $34,655 | $33,154 | 10 | — | $648 |
Under IRS private-foundation payout rules, The Walter J Gatti Foundation Inc reported a distributable amount of $14K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Walter J Gatti Foundation Inc is led by Michael S. Cerow, President since 2022 (on filings since 2020); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael S. Cerow
President
Treasurer → President, 2022
On filings since 2020
No compensation reported
Dale A. Dettmer
Vice President
Secretary → Treasurer, 2022
Treasurer → Vice President, 2024
On filings since 2020
No compensation reported
Janice Swift
Secretary & Treasurer
Secretary → Secretary & Treasurer, 2024
On filings since 2022
No compensation reported
Former officers (1)
- Former: Walter J. Gatti (2020–2021) — President
Data from IRS Form 990 filings, 2020–2025. "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 Walter J Gatti Foundation Inc
How much does The Walter J Gatti Foundation Inc give each year?
The Walter J Gatti Foundation Inc gave $5.5M across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 2 grants.
What is The Walter J Gatti Foundation Inc's typical grant size?
The Walter J Gatti Foundation Inc's median grant in 2025 was $25,000, and its average grant was $1,834,132, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Walter J Gatti Foundation Inc give grants?
The Walter J Gatti Foundation Inc gives mostly in Florida: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does The Walter J Gatti Foundation Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The Walter J Gatti Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
What is The Walter J Gatti Foundation Inc?
The Walter J Gatti Foundation Inc is a private foundation focused on Medical Research, based in Melbourne, FL.
How much is The Walter J Gatti Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Walter J Gatti Foundation Inc reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Walter J Gatti Foundation Inc's EIN?
The Walter J Gatti Foundation Inc's EIN (Employer Identification Number) is 59-3470290. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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