The funder's latest Form 990-PF says it accepts applications. Read the instructions below before you write.
Application policy: Accepts applications, as stated on the FY2024 return.
Application guidance comes from the funder's own Form 990-PF, Part XV (the section where a private foundation says how to apply), shown as filed. It is the funder's words, not ours. These fields are free text and the IRS form cuts them short. Filers sometimes put whole sentences in the contact-name box. Shown exactly as filed.
Giving by year
Total assets by year
| Year | Form | Revenue | Expenses | Giving | Assets | Net assets |
|---|---|---|---|---|---|---|
| FY2024 | 990-PF | $3,516,698 | $3,715,987 | $3,683,699 | $35,674 |
Figures are as reported on the e-filed return, with no restatement. Fiscal years are the funder's own tax year, labelled by the calendar year the period ends in. A blank line means the return does not carry that figure; a real zero shows as $0. When an amended return replaces an original, every figure here uses the amended return. The original is not shown. Giving is what the funder actually paid out toward its charitable purpose in the year (qualifying distributions on Form 990-PF, charitable disbursements otherwise). Assets are what it holds; giving is what moves.
Recipient focus areas
Where recipients are
Based on the 51% of grant rows we could match to an organization record. The rest stay as reported. The IRS assigns the NTEE category when it grants exemption. It often reflects the original filing, not today's giving.
| Recipient | Purpose | Amount | Year | Source |
|---|---|---|---|---|
| Pepperdine UniversityMalibu, CA | GENERAL SUPPORT | $2,506,200 | 2019 | |
Recipients are shown as the funder wrote them on the return. A recipient with a link was matched to an organization record; the rest stay as reported and are never guessed. Some links come from other funders' returns: when three or more of them wrote the same name and state with one EIN, and the city on this row matches, we use that EIN. The name on this row is still shown as this funder wrote it.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rick J Caruso | PRESIDENT/TRUSTEE | 0.50 | $0 |
| Christina J Caruso | VICE PRESIDENT/TRUSTEE | 0.50 | $0 |
| Marc A Caruso | VICE PRESIDENT/TRUSTEE | 0.50 | $0 |
| Tina P Caruso | TRUSTEE |
From the officer list on the latest e-filed return. Compensation is as reported there; a blank means the return carries no figure.
| −$73,693 |
| FY2023 | 990-PF | $4,348,174 | $4,246,694 | $4,231,565 | $125,596 | $125,596 |
| FY2022 | 990-PF | $3,360,874 | $3,620,016 | $3,561,720 | $58,051 | $58,051 |
| FY2021 | 990-PF | $3,488,279 | $5,054,684 | $5,041,677 | $317,336 | $317,193 |
| FY2020 | 990-PF | $7,224,715 | $4,044,011 | $4,029,167 | $1,385,534 | $1,383,599 |
| FY2019 | 990-PF | $4,418,067 | $7,549,496 | $7,485,320 | $2,973,080 | −$1,797,105 |
| FY2018 | 990-PF | $4,304,185 | $3,408,988 | $3,383,707 | $1,343,951 | $1,335,079 |
| GENERAL OPERATIONS |
| $2,204,845 |
| 2023 |
| PEPPERDINE UNIVERSITYMALIBU, CA | TO AID THE HIGHEST STANDARDS OF ACADEMIC EXCELLENCE AND CHRISTIAN VALUES | $2,000,000 | 2021 |
| PEPPERDINE UNIVERSITYMALIBU, CA | FOR EDUCATION | $1,984,829 | 2022 |
| Brentwood SchoolLos Angeles, CA | GENERAL SUPPORT | $1,500,000 | 2019 |
| PEPPERDINE UNIVERSITYMALIBU, CA | GENERAL OPERATIONS/CARUSO SCHOOL OF LAW/PHILIPPS ENDOWED CHAIR | $1,224,410 | 2024 |
| PEPPERDINE UNIVERSITYMALIBU, CA | TO AID THE HIGHEST STANDARDS OF ACADEMIC EXCELLENCE AND CHRISTIAN VALUES. | $1,000,000 | 2020 |
| LOYOLA HIGH SCHOOLLOS ANGELES, CA | SUPPORT LOCAL EDUCATION | $800,000 | 2021 |
| Saint John Health CenterSanta Monica, CA | GENERAL SUPPORT | $785,000 | 2019 |
| Saint John Health CenterSanta Monica, CA | GENERAL SUPPORT | $750,000 | 2018 |
| University of Southern CaliforniaLos Angeles, CA | GENERAL SUPPORT & SPONSORING EVENTS | $701,337 | 2018 |
| USC CARUSO CATHOLIC CENTERLOS ANGELES, CA | TO ENCOURAGE COMMUNITY AND FAITH BUILDING | $700,000 | 2020 |
| University of Southern CaliforniaLos Angeles, CA | GENERAL SUPPORT & SPONSORING EVENTS | $673,118 | 2019 |
| UNIVERSITY OF SOUTHERN CALIFORNIALOS ANGELES, CA | SUPPORT LOCAL EDUCATION | $626,794 | 2021 |
| Loyola High SchoolLos Angeles, CA | GENERAL SUPPORT | $500,000 | 2019 |
| SIERRA HEALTH FOUNDATIONSACRAMENTO, CA | TO IMPROVE HEALTH AND QUALITY OF LIFE THROUGH STRATETGIC GRANTMAKING | $500,000 | 2020 |
| OPERATION PROGRESS STUDENT ASSISTANCE FOUNDATIONLOS ANGELES, CA | EMPOWER UNDERSERVED YOUTH TO BECOME EDUCATED AND REACH THEIR FULL POTENTIAL | $365,000 | 2021 |
| SCS NOONAN SCHOLARSMatched to this organization because 3 grant-making charities wrote this name with its EIN. Source: Schedule I of their Form 990 returns, fiscal years 2020 to 2022. Counted Oct 9, 2026.Los Angeles, CA | GENERAL SUPPORT & SPONSORING EVENTS | $364,483 | 2018 |
| OPERATION PROGRESSLOS ANGELES, CA | EMPOWER UNDERSERVED YOUTH TO BECOME EDUCATED AND REACH THEIR FULL POTENTIAL. | $353,210 | 2020 |
| PARA LOS NINOSLOS ANGELES, CA | FOSTER PATHWAY TO SUCCESS THROUGH EXCELLENCE IN EDUCATION AND STRONG COMMUNITIES FOR CHILDREN | $352,807 | 2020 |
| BABY2BABYLOS ANGELES, CA | GENERAL OPERATIONS | $350,000 | 2024 |
| PARA LOS NINOSLOS ANGELES, CA | GENERAL OPERATIONS/ICE CREAM TRUCK FOR EVENT | $308,199 | 2024 |
| Operation ProgressLos Angeles, CA | GENERAL SUPPORT & SPONSORING EVENTS FOR FUNDRAISING | $292,604 | 2019 |
| FRIENDS OF UNITED HATZALAH INCNEW YORK, NY | GENERAL OPERATIONS | $286,000 | 2024 |
| CATHOLIC EDUCATION FOUNDATIONLOS ANGELES, CA | TO ENCOURAGE COMMUNITY AND FAITH BUILDING | $285,716 | 2021 |
| 0.50 |
| $0 |
Nearest by size, location and giving pattern in the database. Geography weighs heavily. Treat it as a starting list, not a ranking of fit.
Form 990-PF · FY2023 · period ending Dec 31, 2023IRS bulk XML
Filing id 202423189349100207
Form 990-PF · FY2022 · period ending Dec 31, 2022
Filing id 202333129349102093
Form 990-PF · FY2021 · period ending Dec 31, 2021
Filing id 202233189349107088
Form 990-PF · FY2020 · period ending Dec 31, 2020
Filing id 202143199349110459
Form 990-PF · FY2019 · period ending Dec 31, 2019
Filing id 202023219349105797
Form 990-PF · FY2018 · period ending Dec 31, 2018
Filing id 201913199349105116
IRS filings are the source for every fact on this page. Nothing a model writes is ever a source; it can only point at a row here.