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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. Total assets have grown from $5.1M in 2011 to $6.9M in 2023. The foundation is governed by 11 officers and trustees. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Massachusetts. 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.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$31K
Largest Grant
$505K
Based on 51 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.
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 |
| 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 |
Total Giving
$1.9M
Total Assets
$6.9M
Fair Market Value
$3.3M
Net Worth
$5.8M
Grants Paid
$1.6M
Contributions
N/A
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 | 2022 |
| High School ScholarshipsSCHOLARSHIP | Lynn, MA | $95K | 2022 |
| Saint Vasilios Greek Orthodox ChurcFOR FUNDING | Peabody, MA | $76K | 2022 |
| American College Of GreeceFOR FUNDING | Boston, MA | $50K | 2022 |
| City Of LynnFOR FUNDING | Lynn, MA | $50K | 2022 |
| United Services OrganizationFOR FUNDING | Washington, DC | $50K | 2022 |
| Suffolk UniversitySCHOLARSHIP | 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 |
| University Of Texas At AustinSCHOLARSHIP | Austin, TX | $25K | 2022 |
| Massachusetts General HospitalFOR FUNDING | Boston, MA | $25K | 2022 |
| Gloucester Schooner FestivalFOR FUNDING | Gloucester, MA | $25K | 2022 |
| Holy Monastery KalyvianiFOR FUNDING | Heraklion | $25K | 2022 |
| North Shore Community DevelopmentFOR FUNDING | Salem, MA | $25K | 2022 |
| Northeastern UniversitySCHOLARSHIP | Boston, MA | $20K | 2022 |
| Lynn Community Health CenterFOR FUNDING | Lynn, MA | $20K | 2022 |
| University Of Illinois Urbana ChamSCHOLARSHIP | Champaign, IL | $20K | 2022 |
| Intercity Scholarship FundTO FUND SCHOLARSHIP | New York, NY | $20K | 2022 |
| Salem State University FoundationFOR FUNDING | Salem, MA | $15K | 2022 |
| Rutgers The State University Of NeSCHOLARSHIP | New Brunswick, NJ | $15K | 2022 |
| University Of PennsylvaniaSCHOLARSHIP | Philadelphia, PA | $15K | 2022 |
| University Of ConnecticutSCHOLARSHIP | Storrs, CT | $15K | 2022 |
| Greek 4 KidsFOR FUNDING | Newton, MA | $15K | 2022 |
| Joslin Diabetes CenterFOR FUNDING | Boston, MA | $10K | 2022 |
| Ma Coalition For The HomelessFOR FUNDING | Lynn, MA | $10K | 2022 |
| Raw Art WorksFOR FUNDING | Lynn, MA | $10K | 2022 |
| Stony Brook UniversitySCHOLARSHIP | Stony Brook, NY | $10K | 2022 |
| University Of HoustonSCHOLARSHIP | Houston, TX | $10K | 2022 |
| University Of California Santa BarSCHOLARSHIP | Santa Barbara, CA | $10K | 2022 |
| Boston University Tanglewood InstitFOR FUNDING | Boston, MA | $10K | 2022 |
| University Of MarylandSCHOLARSHIP | Maryland, MD | $10K | 2022 |
| Greek Group TutoringFOR FUNDING | Lexington, MA | $10K | 2022 |
| University Of Massachusetts AmhersSCHOLARSHIP | Amherst, MA | $10K | 2022 |
| Cornell UniversitySCHOLARSHIP | Ithaca, NY | $10K | 2022 |
| Georgia Institute Of TechnologySCHOLARSHIP | Atlanta, GA | $10K | 2022 |
| Virginia Polytechnic InstituteSCHOLARSHIP | Blacksburg, VA | $10K | 2022 |
| Haven ProjectFOR FUNDING | Lynn, MA | $10K | 2022 |
| University Of California RiversideSCHOLARSHIP | Riverside, CA | $5K | 2022 |
| Boys And Girls Club Of StonehamwakFOR FUNDING | Stoneham, MA | $5K | 2022 |
| Massachusetts Institute Of TechnoloSCHOLARSHIP | Cambridge, MA | $5K | 2022 |
| Boys And Girls Club Of LynnFOR FUNDING | Lynn, MA | $5K | 2022 |
| Pratt InstituteFUNDING | Brooklyn, NY | $5K | 2022 |
| New York University - Tisch SchoolSCHOLARSHIP | New York, NY | $5K | 2022 |
| Boston UniversitySCHOLARSHIP | Boston, MA | $5K | 2022 |