Public Charity

FUNK-ZITIELLO FOUNDATION INC

FUNK-ZITIELLO FOUNDATION INC is a private foundation categorized as Public Charity based in PONTE VEDRA BEACH, FL. Its most recent IRS filing (2024) reports revenue of $148K, expenses of $8K, total assets of $167K. Imperigo tracks 11 reported grants from this foundation totaling approximately $2.7M.

EIN: 813204321 PONTE VEDRA BEACH, FL Fund Raising & Fund Distribution NTEE: T12 Latest filing: 2024
Total Revenue$148K
Total Expenses$8K
Total Assets$167K
Grants Given11
Grant Total$2.7M
Filing Years2019–2024

Mission

THE FUNK-ZITIELLO FOUNDATION WAS FORMED IN 2016 WITH THE PRIMARY PURPOSE OF RAISING FUNDS FOR TWO CHARITABLE ORGANIZATIONS: 1) THE JT TOWNSEND FOUNDATION, A NONPROFIT ORGANIZATION WHOSE MISSION IS PROVIDING HOPE TO THE COMMUNITY OF PEOPLE WITH DISABILITIES BY OFFERING FINANCIAL ASSISTANCE FOR ADAPTIVE EQUIPMENT AND SERVICES THAT WILL IMPROVE THEIR QUALITY OF LIFE; 2) MAYO CLINIC, A NONPROFIT ORGANIZATION ENGAGED IN RESEARCH AND CLINICAL TRIALS. THE GIFTS TO MAYO ARE DIRECTED TOWARDS PANCREATIC CANCER RESEARCH.

Where $100 goes at Funk-Zitiello Foundation Inc

How Funk-Zitiello Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$98 Programs the work itself
$2 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $98 for programs

$49
Donation to mayo clinic for pancreatic cancer research
50% of program spending
$49
Donation to the jt townsend foundation
50% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Given

ROCHESTER, MN · 2023
PANCREATIC CANCER RE
$400,000
PONTE VEDRA BEACH, FL · 2023
ADAPTIVE EQUIP-DISAB
$150,000
ROCHESTER, MN · 2022
PANCREATIC CANCER RE
$550,000
PONTE VEDRA BEACH, FL · 2022
ADAPTIVE EQUIP-DISAB
$150,000
ROCHESTER, MN · 2020
PANCREATIC CANCER RE
$275,000

Showing up to 5 of 11 total records — full history available with membership.

Officers & Directors

DIRECTOR Fred Funk
DIRECTOR Louis Zitiello
TREASURER Mary Hoffman
DIRECTOR Sharon Funk
DIRECTOR Tommy Zitiello

Officer compensation and complete director data available with membership.

Top Grant Purposes

Health & Medicine
$2,025,000 5 grants
Unspecified
$665,483 6 grants

Financial Trends

Year Revenue Expenses Assets
2024 $148K $8K $167K
2023 $549K $560K $25K
2022 $723K $709K $36K
2020 $370K $377K $96K
2019 $606K $615K $108K

Between 2019 and 2024, reported annual revenue declined from $606K to $148K (-76%), with total assets most recently reported at $167K.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in FL, MN.

FLMN

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for FUNK-ZITIELLO FOUNDATION INC

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