The Joseph and Susan Gatto Foundation
Preselected recipients only
The Joseph and Susan Gatto Foundation is a private foundation in Melville, New York. In tax year 2024 it gave $12.2 million in 2 grants; the typical grant was $6.1 million and the largest $12.2 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$12.2 million
- Number of grants2
- Typical grant$6.1 million
- Largest grant$12.2 million
- Assets$0
- New grantees100%
Giving in 2024 was up from $501,830 the year before.
100% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $505,900 | 1 | $9.6 million |
| 2023 | $501,830 | 6 | $11.0 million |
| 2024 | $12.2 million | 2 | $0 |
How to apply
The Joseph and Susan Gatto Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What The Joseph and Susan Gatto Foundation funds
Where it gives
Its grants went to recipients in 2 states, the most to Massachusetts.
| State | Grants | Amount |
|---|---|---|
| Massachusetts | 1 | $12.2 million |
| Iowa | 1 | $41,930 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Investments Charitable Gift Fund | Distribution of remaining charitable assets to Fidelity Charitable Gift Fund (DAF) pursuant to plan of dissolution, for future grantmaking to 501(c)(3) public charities. | $12.2 million |
| Cornell University | Education and institutional programming | $41,930 |
Officers and trustees
- Joseph D Gatto
- Susan Gatto
Questions people ask
Does The Joseph and Susan Gatto Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Joseph and Susan Gatto Foundation give?
$12.2 million in tax year 2024, across 2 grants, with a typical grant of $6.1 million.
Who runs The Joseph and Susan Gatto Foundation?
Its 2024 filing lists Joseph D Gatto (Trustee) and Susan Gatto (Trustee).
What does The Joseph and Susan Gatto Foundation fund?
Based on its grants, mainly education.