Ganassi Foundation

Organization Overview

Ganassi Foundation is located in Champion, PA. The organization was established in 1989. 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. Ganassi 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 11/2022, Ganassi Foundation generated $100.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $65.1k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Ganassi Foundation has awarded 106 individual grants totaling $405,250. 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 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Board, Officers & Key Employees

Name (title)Compensation
Floyd R Ganassi Jr
Trustee
$0
Annette D Ganassi
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $20,653
Net Rental Income$0
Net Gain on Sale of Assets $80,165
Capital Gain Net Income $78,306
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $100,818

Grants Awarded

Over the last fiscal year, Ganassi Foundation has awarded $62,000 in support to 6 organizations.

Grant RecipientAmount

THE PENNSYLVANIA STATE UNIVERSITY

PURPOSE: CHALES BOOTH JR. STUDENT UNION

$25,000

DUQUESNE UNIVERSITY

PURPOSE: ENDOWED SCHOLARSHIP

$20,000

Rochester, MN

PURPOSE: MODEL OF CARE

$10,000

VARIETY - THE CHILDRENS CHARITY

PURPOSE: PURCHASE EQUIPMENT FOR PROGRAMS

$5,000

STAHLSTOWN FLAX SCUTCHING FESTIVAL

PURPOSE: NEW BUILDING CONSTRUCTION - DISPLAY

$1,000

LATROBE ART CENTER

Org PageRecipient Profile

Latrobe, PA

PURPOSE: EXPANSION OF ART CLASSES

$1,000
View Grant Profile

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