Gismondi Family Foundation
- Assets
- $8.5m
- Revenue
- $1.4m
- Investments
- $8.0m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-1747095
Organization Overview
Gismondi Family Foundation is located in Pittsburgh, PA. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gismondi 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 12/2022, Gismondi Family Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $708.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gismondi Family Foundation has awarded 51 individual grants totaling $3,024,325. 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 |
|---|---|---|---|
John P Gismondi Director | 1 | $0 | |
M Lisa Gismondi Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,164,437 |
| Interest on Savings | $15 |
| Dividends & Interest | $172,897 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,517 |
| Capital Gain Net Income | $50,517 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,387,866 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,876 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $101 |
| Total operating and administrative expenses | $84,005 |
| Contributions, gifts, grants paid | $624,404 |
| Total expenses and disbursements | $708,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $511,376 |
| 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 | $8,493,767 |
| 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, Gismondi Family Foundation has awarded $624,404 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CARNEGIE LIBRARY PURPOSE: VITAL FUNDING FOR VITAL RESOURCES | $30,000 |
CATHOLIC CHARITIES DIOCESE OF PITTSBURGH PURPOSE: CHRISTMAS MATCH GIFT | $175,000 |
UNIVERSITY OF PITTSBURGH PURPOSE: BASKETBALL CHAMPIONSHIP FUND | $50,000 |
UNIVERSITY OF PITTSBURGH PURPOSE: PITTENRICH | $108,404 |
UNIVERSITY OF PITTSBURGH PURPOSE: PITT LAW SCHOOL FELLOWSHIPS | $25,000 |
UNIVERSITY OF PITTSBURGH PURPOSE: PITT VICTORY HEIGHTS | $100,000 |