Granito Family Foundation
- Assets
- $89.4k
- Revenue
- $8.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 09/2005
- Data as of
- 12/2023
- EIN
- 20-2916599
Organization Overview
Granito Family Foundation is located in Stamford, CT. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granito Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Granito Family Foundation generated $8.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $75.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Granito Family Foundation has awarded 32 individual grants totaling $192,550. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank H Granito III Trustee | 0.5 | $0 | |
Monica A Granito Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,071 |
| Dividends & Interest | $2,791 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,102 |
| Capital Gain Net Income | $4,102 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,143 |
| Contributions, gifts, grants paid | $69,600 |
| Total expenses and disbursements | $75,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,350 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $89,350 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Granito Family Foundation has awarded $69,600 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CARDINAL SPELLMAN HIGH SCHOOL PURPOSE: UNRESTRICTED GRANT | $10,000 |
FRANKLIN AND MARSHALL COLLEGE PURPOSE: UNRESTRICTED GRANT | $5,000 |
FUTURE 5 PURPOSE: UNRESTRICTED GRANT | $500 |
FRIENDS OF NEW CANAAN HOCKEY PURPOSE: UNRESTRICTED GRANT | $7,100 |
CATHOLIC ACADEMY OF BRIDGEPORT PURPOSE: UNRESTRICTED GRANT | $5,000 |
MAN CAVE HEALTH PURPOSE: UNRESTRICTED GRANT | $6,000 |