Two Red Roses Foundation Inc

ST PETERSBURG, FL EIN: 33-1093993

Two Red Roses Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in ST PETERSBURG, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $97.7M in total assets. In 2024, it awarded 1 grants totaling $27K. Net investment income was $1.9M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$97.7M

+12.8% YoY

Annual Giving

$27K

-25.2% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$27K

-25.2% YoY

About Two Red Roses Foundation Inc

Based on IRS filings

Two Red Roses Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in ST PETERSBURG, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $97.7M in total assets. In 2024, it awarded 1 grants totaling $27K. Net investment income was $1.9M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Palm HarborSt Petersburg

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$7M$14M$21M$28M20202021202220232024
Metric202420232022
Total Assets$97,723,713$86,629,574$84,711,263
Revenue$1,928,169$2,350,971$1,316,207
Expenses$228,298$246,911$95,971
Qualifying Distributions$2,964,428$4,070,561$71,585
Net Investment Income$1,936,780$1,627,618$281,690
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$9K$18K$27K$36K1 grants20200 grants20210 grants20221 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

AMERICAN CRAFTSMAN MUSEU…$27K

Grant Size Distribution

3 grants across all recorded years

3<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include American Craftsman Museuminc ($27,246).

RecipientPurposeAmount
AMERICAN CRAFTSMAN MUSEUMINC ST PETERSBURG, FLDONATED VARIOUS PIECES OF ARTWORK TO BE DISPLAYED IN THE MUSEUM$27,246

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

THOMAS MAGOULISEXECUTIVE$22K

From 2024 filing

NameTitleHoursCompensation
RODOLFO CICCARELLOPRESIDENT20
THOMAS MAGOULISEXECUTIVE5$22,000

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Two Red Roses Foundation Inc?

Two Red Roses Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in ST PETERSBURG, FL. It holds $97.7M in total assets as of 2024.

How large is Two Red Roses Foundation Inc?

As of 2024, Two Red Roses Foundation Inc holds $97.7M in total assets with $1.9M in annual revenue. It awarded 1 grants totaling $27K in 2024.

Where does Two Red Roses Foundation Inc operate?

Two Red Roses Foundation Inc has awarded grants in Florida.

What size grants does Two Red Roses Foundation Inc award?

In 2024, Two Red Roses Foundation Inc awarded 1 grants totaling $27K — an average of about $27K per grant, based on its IRS Form 990 filings.

What is Two Red Roses Foundation Inc's EIN?

Two Red Roses Foundation Inc's EIN (Employer Identification Number) is 33-1093993. 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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