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Gerondelis Foundation Inc. is a private corporation based in LYNN, MA. The foundation received its IRS ruling in 1993. It holds total assets of $7M. Annual income is reported at $2.4M. According to available records, Gerondelis Foundation Inc. has made 190 grants totaling $5M, with a median grant of $10K. Annual giving has grown from $1.4M in 2020 to $2.1M in 2022. Individual grants have ranged from $750 to $505K, with an average award of $26K. The foundation has supported 109 unique organizations. The foundation primarily supports organizations in Massachusetts, New York, District of Columbia, which account for 58% of all grants. Grantmaking reaches organizations across 26 states. Contributions to this foundation are tax-deductible.
Gerondelis Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 190 grants. Its grantmaking reaches organizations primarily in MA, NY, DC.
Gerondelis Foundation Inc. has distributed a total of $5M across 190 grants. The median grant size is $10K, with an average of $26K. Individual grants have ranged from $750 to $505K.
FOR FUNDING OF SCHOLARSHIP FOR PEOPLE OF GREEK HERITAGE.
Gerondelis Foundation Inc. is headquartered in LYNN, MA. While based in MA, the foundation distributes grants to organizations across 26 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Christopher Scangas | DIRECTOR | $8K | $0 | $8K |
| Thomas C Demakis Esq | TREASURER | $8K | $0 | $8K |
| Gregory C Demakis Esq | PRESIDENT | $8K | $0 | $8K |
| Paul C Demakis Esq | DIRECTOR | $8K | $0 | $8K |
| Thomas L Demakis | DIRECTOR | $8K | $0 | $8K |
Total Giving
$1.9M
Total Assets
$6.9M
Fair Market Value
$3.3M
Net Worth
$5.8M
Grants Paid
$1.6M
Contributions
$0
Net Investment Income
$1.9M
Distribution Amount
$1.4M
Total: $2.1M
Total Grants
190
Total Giving
$5M
Average Grant
$26K
Median Grant
$10K
Unique Recipients
109
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Columbia UniversitySCHOLARSHIP | New York, NY | $40K | 2022 |
| Ymca Metro NorthFOR FUNDING | Saugus, MA | $340K | 2022 |
| Lynn Economic OpportunityFOR FUNDING | Lynn, MA | $200K | 2022 |
| St George Greek Orthodox ChurchFOR FUNDING | Lynn, MA | $198K | 2022 |
| Gerondelion SchoolFOR FUNDING | Heraklion | $120K |
| John N Demakis |
| DIRECTOR |
| $8K |
| $0 |
| $8K |
| T Phillip Comenos | DIRECTOR | $8K | $0 | $8K |
| Arthur Kourkoulis | DIRECTOR | $8K | $0 | $8K |
| Joanna Demakis | DIRECTOR | $8K | $0 | $8K |
| Irene C Duros | DIRECTOR | $8K | $0 | $8K |
| Nicholas T Zervas | DIRECTOR | $2K | $0 | $2K |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2022 |
| High School ScholarshipsSCHOLARSHIP | Lynn, MA | $95K | 2022 |
| Saint Vasilios Greek Orthodox ChurcFOR FUNDING | Peabody, MA | $76K | 2022 |
| United Services OrganizationFOR FUNDING | Washington, DC | $50K | 2022 |
| City Of LynnFOR FUNDING | Lynn, MA | $50K | 2022 |
| Suffolk UniversitySCHOLARSHIP | Boston, MA | $50K | 2022 |
| American College Of GreeceFOR FUNDING | Boston, MA | $50K | 2022 |
| Nemours Children'S HealthFOR FUNDING | Pensacola, FL | $50K | 2022 |
| Camp Fire North ShoreFOR FUNDING | Lynn, MA | $33K | 2022 |
| Purdue UniversityFOR FUNDING | Lafayette, IN | $30K | 2022 |
| North Shore Community DevelopmentFOR FUNDING | Salem, MA | $25K | 2022 |
| Holy Monastery KalyvianiFOR FUNDING | Heraklion | $25K | 2022 |
| Gloucester Schooner FestivalFOR FUNDING | Gloucester, MA | $25K | 2022 |
| University Of Texas At AustinSCHOLARSHIP | Austin, TX | $25K | 2022 |
| Massachusetts General HospitalFOR FUNDING | Boston, MA | $25K | 2022 |
| Northeastern UniversitySCHOLARSHIP | Boston, MA | $20K | 2022 |
| Lynn Community Health CenterFOR FUNDING | Lynn, MA | $20K | 2022 |
| Intercity Scholarship FundTO FUND SCHOLARSHIP | New York, NY | $20K | 2022 |
| University Of Illinois Urbana ChamSCHOLARSHIP | Champaign, IL | $20K | 2022 |
| Rutgers The State University Of NeSCHOLARSHIP | New Brunswick, NJ | $15K | 2022 |
| Greek 4 KidsFOR FUNDING | Newton, MA | $15K | 2022 |
| Salem State University FoundationFOR FUNDING | Salem, MA | $15K | 2022 |
| University Of PennsylvaniaSCHOLARSHIP | Philadelphia, PA | $15K | 2022 |
| University Of ConnecticutSCHOLARSHIP | Storrs, CT | $15K | 2022 |
| Georgia Institute Of TechnologySCHOLARSHIP | Atlanta, GA | $10K | 2022 |
| Joslin Diabetes CenterFOR FUNDING | Boston, MA | $10K | 2022 |
| Ma Coalition For The HomelessFOR FUNDING | Lynn, MA | $10K | 2022 |
| Virginia Polytechnic InstituteSCHOLARSHIP | Blacksburg, VA | $10K | 2022 |
| Boston University Tanglewood InstitFOR FUNDING | Boston, MA | $10K | 2022 |
| University Of HoustonSCHOLARSHIP | Houston, TX | $10K | 2022 |
| Haven ProjectFOR FUNDING | Lynn, MA | $10K | 2022 |
| Cornell UniversitySCHOLARSHIP | Ithaca, NY | $10K | 2022 |
| Raw Art WorksFOR FUNDING | Lynn, MA | $10K | 2022 |
| University Of MarylandSCHOLARSHIP | Maryland, MD | $10K | 2022 |
| University Of California Santa BarSCHOLARSHIP | Santa Barbara, CA | $10K | 2022 |
| Stony Brook UniversitySCHOLARSHIP | Stony Brook, NY | $10K | 2022 |
| University Of Massachusetts AmhersSCHOLARSHIP | Amherst, MA | $10K | 2022 |
| Greek Group TutoringFOR FUNDING | Lexington, MA | $10K | 2022 |
| New York University - Tisch SchoolSCHOLARSHIP | New York, NY | $5K | 2022 |
| Georgetown UniversitySCHOLARSHIP | Washington, DC | $5K | 2022 |
| Drexel UniversitySCHOLARSHIP | Philedelphia, PA | $5K | 2022 |
| New York UniversitySCHOLARSHIP | New York, NY | $5K | 2022 |
| Stanford UniversitySCHOLARSHIP | Stanford, CA | $5K | 2022 |
| California Institute Of The ArtsSCHOLARSHIP | Valencia, CA | $5K | 2022 |
| Boys And Girls Club Of LynnFOR FUNDING | Lynn, MA | $5K | 2022 |
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