National Italian American Foundation Inc

Organization Overview

National Italian American Foundation Inc is located in Washington, DC. The organization was established in 1976. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, National Italian American Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Italian American Foundation Inc 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 12/2020, National Italian American Foundation Inc generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, National Italian American Foundation Inc has awarded 33 individual grants totaling $660,850. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION PROVIDES ALL ITALIAN AMERICANS WITH A NATIONAL HEADQUARTERS DEDICATED TO ENCOURAGING AND SUPPORTING THEIR ROLE IN PUBLIC LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS/ GRANTS: APPROXIMATELY $690K WAS AWARDED FOR GRANTS, SCHOLARSHIPS AND OTHER EDUCATION PROGRAMS. SCHOLARSHIPS WERE PRESENTED TO STUDENTS AT THE COLLEGE AND GRADUATE LEVELS. GRANTS WERE AWARDED FOR SUCH CATEGORIES AS GENERAL UNDERGRADUATE, WOMEN'S STUDIES, ITALIAN LANGUAGE, COMMUNICATIONS, ETC.


GALA DINNER: AN ANNUAL EVENT THAT HONORS DISTINGUISHED ITALIAN AMERICAN MEN AND WOMEN WHO HAVE MADE SUBSTANTIAL CONTRIBUTIONS TO THEIR PROFESSIONS IN SUCH FIELDS AS EDUCATION, HUMANITARIANISM, BUSINESS, ENTERTAINMENT, SCIENCE, AND SPORTS. PROCEEDS FROM THE DINNER SUPPORT NIAF'S CULTURAL, SCHOLARSHIP, AND EDUCATIONAL PROGRAMS.


MEMBER SERVICES: TIERED MEMBERSHIP PROGRAM OFFERING VARIOUS OPPORTUNITIES FOR EACH LEVEL OF MEMBERSHIP. MEMBERSHIP SUPPORT HAS ALLOWED NIAF TO EXPAND ITS MANY YOUTH PROGRAMS, SCHOLARSHIP OFFERINGS AND GRANT AWARDS TO THOUSANDS OF DESERVING ITALIAN AMERICANS THROUGHOUT THE COUNTRY.


PUBLIC POLICY: INCLUDES SEMINARS, CONFERENCES, AND NEWS INFORMATION PROJECTS DESIGNED TO ACQUAINT THE GENERAL PUBLIC WITH THE ITALIAN COMMUNITY AS REPRESENTED BY NIAF. ALSO, THE NIAF CONTINUES EFFORTS IN THE COOPERATION WITH THE EMBASSY OF ITALY IN ASSISTING ITALIAN AMERICANS INTERESTED IN OBTAINING ITALIAN CITIZENSHIP. NIAF LAUNCHED AN ONLINE SURVEY QUESTIONNAIRE TO DETERMINE ELIGIBILITY REQUIREMENTS FOR USE BY THE EMBASSY IN PROCESSING POTENTIAL APPLICATIONS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cipriani
Event Facilities
$141,375
The Omni Shoreham Hotel
Event Facilities
$103,001
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,216,705
Investment income $186,714
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $479,391
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,585,652

Grants Awarded

Over the last fiscal year, National Italian American Foundation Inc has awarded $273,850 in support to 12 organizations.

Grant RecipientAmount

LODIGIANO FILM DEVELOPMENT

Org PageRecipient Profile

King Of Prussia, PA

PURPOSE: GRANT TO FINISH MOTHER CABRINI FILM

$100,000

TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: FAUCI FELLOWSHIPS GRANT FOR DR. GUIDO GHILARDI

$50,000

STATE OF MARYLAND - UNIVERSITY OF MARYLAND COLLEGE PARK

PURPOSE: FINAL $40,000 GRANT TO UMD FOR THE PELLEGRI SCHOLAR FELLOWSHIP, A $10,000/YEAR GRADUATE FELLOWSHIP.

$40,000

EVERY WOMAN WORKS

Org PageRecipient Profile

Marietta, GA

PURPOSE: MAURIZIO GIANTURCO RESEARCH GRANT IN EDUCATIONAL MODALITIES

$15,000

Washington, DC

PURPOSE: SPONSORSHIP OF CONCERT SERIES CELEBRATING 160TH ANNIVERSARY OF BILATERAL RELATIONS BETWEEN ITALY AND THE UNITED STATES

$10,000

ITALIAN WELFARE LEAGUE

Org PageRecipient Profile

New York, NY

PURPOSE: SPONSORSHIP FOR ITALIAN WELFARE LEAGUE LUNCHEON

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that National Italian American Foundation Inc has recieved totaling $24,650.

Awarding OrganizationAmount
La Speranza Charitable Foundation

Blue Bell, PA

PURPOSE: GENERAL SUPPORT

$24,650
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,975,887
Net Contributions$40,000
Ending Balance$3,015,887

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