Five Below Foundation
Preselected recipients only
Five Below Foundation is a private foundation in Philadelphia, Pennsylvania. In tax year 2024 it gave $1.1 million in 28 grants; the typical grant was $22,500 and the largest $300,000. 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$1.1 million
- Number of grants28
- Typical grant$22,500
- Largest grant$300,000
- Assets$3.3 million
- New grantees61%
Giving in 2024 was up from $506,750 the year before.
61% 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 |
|---|---|---|---|
| 2023 | $506,750 | 26 | $3.3 million |
| 2024 | $1.1 million | 28 | $3.3 million |
How to apply
Five Below 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 Five Below Foundation funds
Where it gives
Its grants went to recipients in 10 states, the most to Pennsylvania.
| State | Grants | Amount |
|---|---|---|
| Pennsylvania | 13 | $315,000 |
| California | 2 | $315,000 |
| Georgia | 1 | $150,000 |
| Arizona | 1 | $100,000 |
| New Jersey | 4 | $77,000 |
| District of Columbia | 3 | $50,000 |
| Delaware | 1 | $25,000 |
| Massachusetts | 1 | $25,000 |
| Florida | 1 | $10,000 |
| Illinois | 1 | $6,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Reading Partners | General support | $300,000 |
| Boys and Girls Club of America | General support | $150,000 |
| Make A Wish Foundation of America | General support | $100,000 |
| Eagles Autism Challenge | General support | $75,000 |
| Girls on the Run | General support | $60,000 |
| The Malcolm Jenkins Foundation | General support | $50,000 |
| CH Pennsylvania Under 21 | General support | $25,000 |
| Cradles to Crayons | General support | $25,000 |
| Eluna | General support | $25,000 |
| Philabundance | General support | $25,000 |
| Philadelphia Youth Basketball | General support | $25,000 |
| The Childrens Hospital of Philadelphia Foundation | General support | $25,000 |
| The Fund for the School District of Philadelphia | General support | $25,000 |
| Unlocke the Light Foundation | General support | $25,000 |
| Operation Warm | General support | $20,000 |
| The Fishing School | General support | $20,000 |
| American Humane Association | General support | $15,000 |
| Leveling the Playing Field | General support | $15,000 |
| YMCA of Metrpolitan la | General support | $15,000 |
| The Nemours Foundation | General support | $10,000 |
| Transplant Foundation | General support | $10,000 |
| Bounce Children's Foundation | General support | $6,000 |
| Support Center for Child Advocates | General support | $5,000 |
| First Tee of Greater Philadelphia Inc | General support | $5,000 |
| Building Bridges for Brianna | General support | $5,000 |
| Singing City | General support | $5,000 |
| The Church of the Good Shepherd Cherry Hill | General support | $4,500 |
| Tara Miller Melanoma Foundation | General support | $2,500 |
Officers and trustees
- Ron Masciantonio
- Sarah KS Auerbach
- Carmelo Jalosjos
- Kenneth Bull
- Molly Gellerman
- George Hill
Questions people ask
Does Five Below Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Five Below Foundation give?
$1.1 million in tax year 2024, across 28 grants, with a typical grant of $22,500.
Who runs Five Below Foundation?
Its 2024 filing lists Ron Masciantonio (President), Sarah KS Auerbach (Vice President & Secretary), Carmelo Jalosjos (Vice President & Treasurer) and Kenneth Bull (Director) among 6 officers and trustees.
What does Five Below Foundation fund?
Based on its grants, mainly youth programs and education.