Private foundation · EIN 26-3258672 · Lisle, Illinois · Philanthropy & grantmaking

Costello Family Foundation Inc

Should you approach them?

Don't send a cold proposal. The foundation reports that it only gives to preselected organizations; an introduction through a current grantee or board member is the realistic route.

From the 2024 Form 990-PF: 9 grants paid, $334K total, median $4,000. 11% of grants stayed in Illinois.

Accepts applications
No
per 990-PF Part XV
Grants paid, 2024
9
$334K
Median grant
$4,000
Stays in IL
11%
of grants
Deadline
—
Assets
$2.1M

Grants paid in 2024

9 grants, all shown · from Form 990-PF Part XV

RecipientPurposeAmount
Abccm Costello HouseAsheville, NCDonation$250K
Cross Pointe OcalaOcala, FLDonation$63K
FCAKansas City, MODonation$5,000
Episcopal Farmworker MinistryDunn, NCDonation$5,000
Mancave MinistryAsheville, NCDonation$4,000
Breakthrough Urban MinistriesChicago, ILDonation$3,000
Turning Point MinistriesBonita Springs, FLDonation$2,400
I-BibleWest Covina, CADonation$1,200
Lamb Lion MinistriesMcKinney, TXDonation$325

By state: North Carolina 3 · Florida 2 · Missouri 1 · Illinois 1 · California 1 · Texas 1

About this foundation

Costello Family Foundation Inc is a private grantmaking foundation in Lisle, Illinois, administered in care of Michael J Costello, tax-exempt since 2009. Private foundations must pay out roughly 5% of their assets each year, mostly as grants to 501(c)(3) public charities.

All filings on ProPublica

Does Costello Family Foundation Inc accept grant applications?

No. On its 2024 Form 990-PF the foundation checked that it only makes contributions to preselected organizations. Look for an introduction through a current grantee.

How much does Costello Family Foundation Inc give each year?

In tax year 2024 it paid $334K across 9 grants, a median of $4,000.

Where does Costello Family Foundation Inc give?

North Carolina (3 grants), Florida (2 grants), Missouri (1 grants) and elsewhere, per its latest filing.

More foundations near Lisle that accept applications

All in Illinois
FoundationBased inGrants paidMedian grantAccepts applicationsAssets
1923 Fundsince 1996 Lisle, IL — —Not stated $86M
John and Gwen Smart Foundationsince 2016 Lisle, IL $4.1M19 grants · 2025 $100KPreselected only $39M
Smart Family Fundsince 2016 Lisle, IL $1.5M32 grants · 2024 $25KPreselected only $17M
Giveaseed Foundationsince 2019 Lisle, IL $301K16 grants · 2024 $4,352Preselected only $6.6M
Lisle Community Service Corporationsince 2015 Lisle, IL $83K19 grants · 2025 $5,000Yes $1.4M
Steve & Delores Sarovich Foundationsince 1982 Lisle, IL $114K46 grants · 2025 $500Yes $1.4M
Howard G Buffett Foundationsince 1999 Decatur, IL $699M1 grants · 2025 $699MPreselected only $721M
John D & Catherine T Macarthur Foundationsince 1971 Chicago, IL $356M1,086 grants · 2024 $160KPreselected only $8.7B
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