Vince and Carol Maglio Foundation Inc
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
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
The most common grant size was under $50K: 8 grants of 9 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
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
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
| Recipient | Purpose | Amount |
|---|---|---|
| St Joseph's HS Foundation Metuchen, NJ | Charity | $35,250 |
| Jupiter Medical Center Foundation Jupiter, FL | Charity | $35,000 |
| Special Olympics Inc Washington, DC | Charity | $2,500 |
| Tunnel to Towers Foundation Staten Island, NY | Charity | $2,500 |
| National Autism Registry Palm Beach Gardens, FL | Charity | $2,500 |
| National Law Enforcement Officers Memorial Fund Washington, DC | Charity | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $765,239 | $297,832 | $80,423 | $78,250 | 6 | $80,423 | $23,299 | $27,578 |
| 2023 | $547,830 | $418,374 | $70,544 | $62,500 | 3 | $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
- IRS filings on file for fiscal years 2022–2024
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