Ruffo Family Foundation Inc
- Assets
- $2.9m
- Revenue
- $284.2k
- Investments
- $2.6m
- Employees
- 0
- Location
- Racine, WI
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 82-5171174
Organization Overview
Ruffo Family Foundation Inc is located in Racine, WI. The organization was established in 2019. 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. Ruffo Family 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 12/2022, Ruffo Family Foundation Inc generated $284.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $155.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ruffo Family Foundation Inc has awarded 79 individual grants totaling $329,555. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS TO CHARITABLE ORGANIZATIONS THAT PROMOTE EDUCATION; ARTS AND CULTURE; HEALTHCARE; CANCER PREVENTION, TREATMENT AND RESEARCH; AND ORGANIZATIONS THAT SEEK TO IMPROVE OUR LOCAL COMMUNITIES. IN 2022, GRANTS WERE PROVIDED TO 30 EXEMPT ORGANIZATIONS.
THE FOUNDATION WILL ADVANCE ITS PRIMARY EDUCATIONAL PURPOSE BY MAKING GRANTS TO THE PRAIRIE SCHOOL, AN INDEPENDENT DAY SCHOOL IN WIND POINT, WISCONSIN CLASSIFIED BY THE IRS AS A PUBLIC CHARITY. THESE GRANTS WILL PROVIDE POST-PRIMARY SCHOOL SCHOLARSHIPS TO ATTEND THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Ruffo President/treasurer | 4 | $0 | |
Diane Ruffo Vice President/secretary | 2 | $0 | |
Elena Ruffo Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $280,643 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,198 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,727 |
| Total Revenue | $284,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,777 |
| Depreciation | $0 |
| Occupancy | $1,978 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $11,547 |
| Contributions, gifts, grants paid | $143,905 |
| Total expenses and disbursements | $155,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,679 |
| Savings and temporary cash investments | $6,277 |
| 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 | $2,197,530 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,903,249 |
| 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, Ruffo Family Foundation Inc has awarded $143,905 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Racine, WI PURPOSE: SUPPORT THE PREMIERE SCHOLARSHIP PROGRAM, THE RUFFO FAMILY SCHOLARSHIP FUND, AND SPONSOR THE GOLF OUTING | $31,905 |
Racine, WI PURPOSE: GENERAL OPERATING SUPPORT | $21,000 |
Ithaca, NY PURPOSE: SUPPORT THE SAMUEL CURTIS JOHNSON GRADUATE SCHOOL OF MANAGEMENT | $10,000 |
Racine, WI PURPOSE: SUPPORT THE RUFFO FAMILY FUND | $10,000 |
Milwaukee, WI PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
MOUNT HOLYOKE FUND PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |