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Also known as: FOUNDATION
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Gregory And Itsuko Herrema Charitable Foundation is a private trust based in BOSTON, MA. The foundation received its IRS ruling in 2023. It holds total assets of $3.2M. Annual income is reported at $1.7M. Total assets have grown from $2.9M in 2021 to $3.7M in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. According to available records, Gregory And Itsuko Herrema Charitable Foundation has made 3 grants totaling $1.8M, with a median grant of $533K. Annual giving has decreased from $1.1M in 2022 to $733K in 2023. Individual grants have ranged from $533K to $733K, with an average award of $600K. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
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.
Gregory And Itsuko Herrema Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in VA.
Gregory And Itsuko Herrema Charitable Foundation has distributed a total of $1.8M across 3 grants. The median grant size is $533K, with an average of $600K. Individual grants have ranged from $533K to $733K.
Gregory And Itsuko Herrema Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Gregory And Itsuko Herrema Charitable Foundation is headquartered in BOSTON, MA.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gregory Herrema | PRESIDENT | $0 | $0 | N/A |
Total Giving
$759K
Total Assets
$3.7M
Fair Market Value
$3.9M
Net Worth
$3.7M
Grants Paid
$733K
Contributions
N/A
Net Investment Income
$111K
Distribution Amount
$211K
Total: N/A
Total Grants
3
Total Giving
$1.8M
Average Grant
$600K
Median Grant
$533K
Unique Recipients
1
Most Common Grant
$533K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Va Tech FoundationUNRESTRICTED CONTRIBUTION | Blacksburg, VA | $733K | 2023 |