D'Amato Family Foundation
EIN 843143963 Private FoundationAbout
We respectfully request that D'Amato Family Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $7 penalty indicated on Form 2220 be abated because the underpayment in Q3 and Q4 was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm's software correctly determined that the foundation could pay its Q3 and Q4 estimate based on prior year tax liability. However, since that liability was under $500, the software incorrectly indicated that no quarterly payment was due. As soon as the error was discovered, the foundation paid the required tax. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules and respectfully request that no 2220 penalty be assessed.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2021 | $25K | $2.4M | $201K | 2 |
| 2022 | $95K | $1.8M | $15K | 5 |
| 2023 | $82K | $2.0M | $-23K | 4 |
| 2024 | $89K | $2.2M | $143K | 4 |
Grant Size Distribution
Based on 15 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (15 total)
| Purpose | ||||
|---|---|---|---|---|
| American Endowment Foundation | Hudson, OH | $35,000 | General & Unrestricted | 2022 |
| Pittsburg State University Foundation Inc | Pittsburg, KS | $30,000 | Tri Sigma Chapter Campaign Fund | 2023 |
| Cystic Fibrosis Foundation | Kansas City, MO | $30,000 | 2024 Midyear Campaign | 2024 |
| Cystic Fibrosis Foundation | Kansas City, MO | $25,000 | Mid-Year Campaign | 2023 |
| Shawnee United Methodist Church | Shawnee, KS | $25,000 | funds for Elevator Modernization | 2024 |
| Shawnee United Methodist Church | Shawnee, KS | $24,000 | General & Unrestricted | 2024 |
| Cystic Fibrosis Foundation - Heart of America Chap | Kansas City, MO | $20,000 | 2022 Mid-Year Challenge Campaign | 2022 |
| Pittsburg State University Foundation Inc | Pittsburg, KS | $20,000 | Tri Sigma Chapter Campaign Fund | 2022 |
| Shawnee United Methodist Church | Shawnee, KS | $17,000 | General & Unrestricted | 2023 |
| Cystic Fibrosis Foundation - Heart of America Chap | Kansas City, MO | $15,000 | Mid-Summer Campaign 2021 | 2021 |
| Cystic Fibrosis Foundation | Kansas City, MO | $10,200 | Charitable Event | 2024 |
| Cystic Fibrosis Foundation - Heart of America Chap | Kansas City, MO | $10,200 | Charitable Event | 2022 |
| Shawnee United Methodist Church | Shawnee, KS | $10,000 | Gift to the Shawnee UMC Foundation | 2021 |
| Cystic Fibrosis Foundation | Kansas City, MO | $10,000 | Charitable Event | 2023 |
| Epworth United Methodist Church | Palmyra, NJ | $10,000 | General & Unrestricted | 2022 |
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