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
Under IRS private-foundation payout rules, Thomas and Carol Cracchiolo Foundation reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Fidelity Charitable Fund ($459,564), East African Children's Fund ($200,000), St Paul on the Lake Catholic Church ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALTERNATIVE FOR GIRLS DETROIT, MI | LITTLE DREAMERS AND PREVENTION PROGRAM | $25,000 |
| ANGELS' PLACE SOUTHFIELD, MI | OPERATING FUND | $10,000 |
| AUSTIN CATHOLIC HIGH SCHOOL CHESTERFIELD, MI | CAPITAL CAMPAIGN | $27,000 |
| CAPUCHIN PROV ST JOSEPH DETROIT, MI | OPERATING FUND | $2,000 |
| CAPUCHIN SOUP KITCHEN DETROIT, MI | ROSA PARKS CHILDREN AND YOUTH PROGRAM | $22,700 |
| CARDINAL CLUB OF DETROIT BIRMINGHAM, MI | OPERATING FUND | $1,000 |
| CHILDREN'S CENTER OF WAYNE COUNTY DETROIT, MI | OPERATING FUND | $5,000 |
| COVENANT HOUSE MICHIGAN DETROIT, MI | OPERATING FUND | $10,000 |
| CSA - ST CHARLES CHURCH DETROIT, MI | OPERATING FUND | $40,000 |
| DETROIT AUDUBON SOCIETY SOUTHFIELD, MI | OPERATING FUND | $500 |
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 | — |
Frequently Asked Questions
What does Thomas and Carol Cracchiolo Foundation fund?
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)
How do I apply for a grant from Thomas and Carol Cracchiolo Foundation?
**Grant Activity:** The foundation made 57 grants in its most recent fiscal year (ending June 2024). Typical grant awards range from $300 to $459,564. **Recent Grants (FY 2024):** • East African Children's Fund: $200,000 (Operating Fund) • Austin Catholic High School: $27,000 (Capital Campaign) • Michigan Parkinson Foundation: $25,000 (Operating Fund) • Haiti and Africa Relief Team (HART): $10,000 (Operating Fund) The foundation distributed approximately $427,500 in grants during the period doc…
Where does Thomas and Carol Cracchiolo Foundation make grants?
The foundation primarily funds organizations in Michigan, Wisconsin, and Pennsylvania, with a notable concentration in Michigan-based nonprofits.
What size grants does Thomas and Carol Cracchiolo Foundation award?
In 2024, Thomas and Carol Cracchiolo Foundation awarded 46 grants totaling $1.2M — an average of about $26K per grant, based on its IRS Form 990 filings.
How much is Thomas and Carol Cracchiolo Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Thomas and Carol Cracchiolo Foundation reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Thomas and Carol Cracchiolo Foundation's EIN?
Thomas and Carol Cracchiolo Foundation's EIN (Employer Identification Number) is 38-2543263. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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