Thomas and Carol Cracchiolo Foundation
The Thomas and Carol Cracchiolo Foundation is a private foundation based in Saint Clair Shores, Michigan. Established in 1984, it operates as a 501(c)(3) organization with tax-exempt status since November 1984. The foundation is supported by Thomas A. Cracchiolo and focuses on grantmaking in education, human services, and community engagement.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17.9M
+1.4% YoY
Annual Giving
$1.2M
-5.0% YoY
Grant Count
46
-14.8% YoY
Avg Grant Size
$26K
+11.5% YoY
Mission & Focus Areas
The foundation's primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Community & Civic Engagement
- Local Government Grants
- Housing Grants (including women's shelters)
Grantmaking
The foundation made 57 grants in its most recent fiscal year (ending June 2024). Typical grant awards range from $300 to $459,564.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Michigan, Wisconsin, and Pennsylvania, with a notable concentration in Michigan-based nonprofits.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending June 2024:
| Metric | Amount |
|---|---|
| Total Assets | $17,875,604 |
| Total Revenue | $1,564,466 |
| Total Expenses | $1,301,751 |
| Total Giving | $1,188,864 |
| Net Income | $262,715 |
| Net Assets | $17,875,604 |
Revenue Composition (FY 2024):
- Total grants and contributions: $397,138
- Investment income and dividends: $530,013
Year-over-Year Changes (FY 2024 vs. FY 2023):
- Grants and contributions increased 50.8%
- Investment income and dividends increased 19.1%
The foundation maintains zero liabilities and operates with no employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,875,604 | $17,628,995 | $18,013,103 |
| Revenue | $1,564,466 | $884,703 | $1,090,899 |
| Expenses | $1,301,751 | $1,329,136 | $1,294,288 |
| Qualifying Distributions | $1,226,676 | $1,284,772 | $1,208,937 |
| Net Investment Income | $1,350,587 | $673,920 | $1,285,419 |
| Distributable Amount | $1,346,542 | $1,216,745 | $1,317,227 |
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
192 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
Thomas Anthony Cracchiolo and Carol Ann Cracchiolo were the founders and supporters of the foundation. Thomas Cracchiolo lived to age 97 and was a resident of Grosse Pointe Shores, Michigan. He was a co-founder of several corporations including Burns Automatic and Burns Cold Forge, which later merged with Masco. Carol Ann joined Thomas in their estate shortly after his passing, following 69 years of marriage together.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS A CRACCHIOLO DEC'D | PRESIDENT/DIRECTOR | 10 | — |
| CAROL A CRACCHIOLO DEC'D | VICE PRESIDENT/DIRECTOR | 1 | — |
| ANN CRACCHIOLO CARAWAY | SECRETARY/DIRECTOR | 1 | — |
| LISA CRACCHIOLO PERACCHIO | TREASURER/DIRECTOR | 10 | — |
| BERNADETTE M CRACCHIOLO | DIRECTOR | 1 | — |
| CAROL CRACCHIOLO LAUB | DIRECTOR | 1 | — |
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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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