Vince and Carol Maglio Foundation Inc

Private foundation · Grantmaker Palm Beach, FL EIN: 92-1264687

Vince and Carol Maglio Foundation Inc is a private foundation, based in Palm Beach, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $765K in total assets. In 2024, it awarded 6 grants totaling $78K. Net investment income was $23K.

Vince and Carol Maglio Foundation Inc at a glance

In short: Vince and Carol Maglio Foundation Inc gave $78K across 6 grants in 2024 (avg $13K), top state Florida. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$78,250
+25.2% vs 2023
Grants made (2024)
6
+100.0% vs 2023
Average grant
$13,042
-37.4% vs 2023
Median grant
$2,500
Total assets
$765,239
+39.7% vs 2023
Primary geography
Florida (48% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Vince and Carol Maglio Foundation Inc funds

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

St Joseph's HS Foundation: $35KSt Joseph's HS Foundation$35KJupiter Medical Center Foundation: $35KJupiter Medical CenterFoundation$35KSpecial Olympics Inc: $3KSpecial Olympics Inc$3KTunnel to Towers Foundation: $3KTunnel to Towers Foundation$3KNational Autism Registry: $3KNational Autism Registry$3KNational Law Enforcement Officers Memorial Fund: $500National Law EnforcementOfficers Memorial Fund$500

The largest 2024 recipient was St Joseph's HS Foundation ($35K). Together the top 6 received $78K.

Grant Size Distribution

9 grants across all recorded years

8<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 8 grants of 9 (89%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2024 grant dollars across all 6 itemized grants.

Cities

WashingtonJupiterMetuchenPalm Beach GardensStaten Island

How Vince and Carol Maglio Foundation Inc gives

  • In 2024 it paid out 292% of 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

$0$20K$40K$60K$80K0 grants2022 3 grants2023 6 grants2024

From 2023 to 2024, annual grant giving ranged from $63K (2023) to $78K (2024). In 2024 it made 6 grants totaling $78K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
St Joseph's HS Foundation Metuchen, NJCharity$35,250
Jupiter Medical Center Foundation Jupiter, FLCharity$35,000
Special Olympics Inc Washington, DCCharity$2,500
Tunnel to Towers Foundation Staten Island, NYCharity$2,500
National Autism Registry Palm Beach Gardens, FLCharity$2,500
National Law Enforcement Officers Memorial Fund Washington, DCCharity$500
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$765,239$297,832$80,423$78,2506$80,423$23,299$27,578
2023$547,830$418,374$70,544$62,5003$70,544$330$11,556
2022$200,000$200,000——————

Under IRS private-foundation payout rules, Vince and Carol Maglio Foundation Inc reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Vince and Carol Maglio Foundation Inc is led by Vincent Maglio, President on every filing since 2022; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Vincent Maglio

    President

    On filings since 2022

    3.5 hrs/week

    No compensation reported

  • Carol Maglio

    Vice President

    On filings since 2022

    3.5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2022–2024. "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 Vince and Carol Maglio Foundation Inc

How much does Vince and Carol Maglio Foundation Inc give each year?

Vince and Carol Maglio Foundation Inc gave $78K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $63K across 3 grants.

What is Vince and Carol Maglio Foundation Inc's typical grant size?

Vince and Carol Maglio Foundation Inc's median grant in 2024 was $2,500, and its average grant was $13,042, across 6 grants on its 2024 IRS Form 990-PF.

Where does Vince and Carol Maglio Foundation Inc give grants?

Vince and Carol Maglio Foundation Inc's top state is Florida, with 48% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest state was New Jersey (45%). The most frequent recipient cities were Washington, DC (2 grants).

Does Vince and Carol Maglio Foundation Inc give general operating support?

Not in 2024: none of the 6 grants with a stated purpose on Vince and Carol Maglio Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charity" (6 grants).

Who are Vince and Carol Maglio Foundation Inc's largest grantees?

Vince and Carol Maglio Foundation Inc's largest 2024 grantees include St Joseph's HS Foundation ($35,250), Jupiter Medical Center Foundation ($35,000) and Special Olympics Inc ($2,500), according to its 2024 IRS Form 990-PF. Together they received 93% of its itemized 2024 grant dollars.

How large is Vince and Carol Maglio Foundation Inc?

Vince and Carol Maglio Foundation Inc reported $765K in total assets on its 2024 IRS Form 990-PF. It paid out $80K in qualifying distributions that year, against a required minimum of $28K (roughly 5% of its investment assets).

What is Vince and Carol Maglio Foundation Inc's EIN?

Vince and Carol Maglio Foundation Inc's EIN (Employer Identification Number) is 92-1264687. IRS Form 990 filing data is available on this page for 2022–2024.

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

  1. IRS filings on file for fiscal years 2022–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Vince and Carol Maglio Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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