Peter & Naldred Galanti Foundation
- Assets
- $2.8m
- Revenue
- $123.6k
- Investments
- $2.6m
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 11/2007
- Data as of
- 06/2024
- EIN
- 23-7981682
Organization Overview
Peter & Naldred Galanti Foundation is located in Saint Louis, MO. The organization was established in 2007. 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. Peter & Naldred Galanti 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 06/2024, Peter & Naldred Galanti Foundation generated $123.6k 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 (9.4%) each year. All expenses for the organization totaled $200.7k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Peter & Naldred Galanti Foundation has awarded 55 individual grants totaling $733,735. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $89,809 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,217 |
| Capital Gain Net Income | $32,217 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,605 |
| Total Revenue | $123,631 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,954 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $848 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $40,312 |
| Contributions, gifts, grants paid | $160,415 |
| Total expenses and disbursements | $200,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $109,084 |
| 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 | $2,645,927 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,755,011 |
| 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, Peter & Naldred Galanti Foundation has awarded $160,415 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF RHODE ISLAND PURPOSE: GENERAL OPERATING | $86,999 |
AMERICAN CANCER SOCIETY INC PURPOSE: GENERAL OPERATING | $1,596 |
THE SALVATION ARMY PURPOSE: GENERAL OPERATING | $1,596 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL OPERATING | $1,596 |
JERSEY SHORE COUNCIL BSA PURPOSE: GENERAL OPERATING | $11,172 |
GIRL SCOUTS OF THE JERSEY SHORE PURPOSE: GENERAL OPERATING | $36,708 |