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Demund Foundation is a private corporation based in PITTSBURGH, PA. The foundation received its IRS ruling in 1948. It holds total assets of $1.1M. Annual income is reported at $216K. The foundation is governed by 6 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2024. The foundation primarily funds organizations in Arizona and Pennsylvania. According to available records, Demund Foundation has made 21 grants totaling $313K, with a median grant of $11K. The foundation has distributed between $60K and $120K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $120K distributed across 8 grants. Individual grants have ranged from $4K to $34K, with an average award of $15K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Arizona and Pennsylvania and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$13K
Average Grant
$15K
Largest Grant
$30K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Demund Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in AZ, PA, NY.
Demund Foundation has distributed a total of $313K across 21 grants. The median grant size is $11K, with an average of $15K. Individual grants have ranged from $4K to $34K.
Demund Foundation typically selects its grantees rather than accepting unsolicited proposals.
Demund Foundation is headquartered in PITTSBURGH, PA. While based in PA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stephen Clarke | PRESIDENT | $15K | $0 | $15K |
| Erin Demund | DIRECTOR | $5K | $0 | $5K |
| Corey Nutting | DIRECTOR | $0 | $0 | N/A |
| Laurie Clarke | DIRECTOR | $0 | $0 | N/A |
| Charles Demund | PRESIDENT | $0 | $0 | N/A |
| Douglas Chandler | SECRETARY | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.1M
Fair Market Value
N/A
Net Worth
$1.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
21
Total Giving
$313K
Average Grant
$15K
Median Grant
$11K
Unique Recipients
6
Most Common Grant
$11K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Northern Arizona UniversityGENERAL | Flagstaff, AZ | $30K | 2023 |
| The University Of ArizonaGENERAL | Tucson, AZ | $15K | 2023 |
| Albright CollegeGENERAL | Reading, PA | $11K | 2023 |
| Captain James Corrigan FoundationGENERAL | Rockville Centre, NY | $5K | 2023 |
| Maricopa Community Colleges FoundatGENERAL | Tempe, AZ | $4K | 2023 |
| Allbright CollegeGENERAL | Reading, PA | $11K | 2021 |