Frank Jb & Emma S Varallo Foundation
CHATTANOOGA, TN EIN: 62-6225565
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$24.1M
-2.4% YoY
Annual Giving
$900K
+12.4% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$900K
+237.1% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $24,076,711 | $24,668,348 | $25,501,160 |
| Revenue | $795,947 | $265,580 | $921,726 |
| Expenses | $1,387,584 | $1,048,392 | $1,705,922 |
| Qualifying Distributions | $940,360 | $842,560 | $672,575 |
| Net Investment Income | $559,227 | $15,104 | — |
| Distributable Amount | $1,250,236 | $978,256 | $806,105 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
97 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Frank Jb & Emma S Varallo Foundation fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH F DECOSIMO | CHAIRMAN | 0.25 | — |
| ROBERT F DECOSIMO | SECRETARY | 23 | — |
| JOSEPH D DECOSIMO | TRUSTEE | 0.25 | — |
| JOHN T DECOSIMO | TRUSTEE | 0.25 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Tennessee $2.8M (94%)
Maryland $132K (4%)
Georgia $20K (1%)
Colorado $10K (0%)
Wisconsin $6K (0%)
Missouri $2K (0%)
Cities
AntiochBaltimoreBrookhavenChattanoogaColorado SpringsFlintstoneHixsonKansas CityMadisonNashville
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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