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The Gromet Foundation is a private corporation based in NEWARK, DE. The foundation received its IRS ruling in 2019. It holds total assets of $4.1M. Annual income is reported at $3.9M. Total assets have decreased from $6.1M in 2011 to $4.1M in 2024. The foundation is governed by 2 officers and trustees. The foundation gave (30) thirty educational scholarships to (30) thirty individuals. Tax records are available from 2020 to 2024. Grantmaking is concentrated in Delaware. According to available records, The Gromet Foundation has made 99 grants totaling $314K, with a median grant of $3K. Annual giving has grown from $63K in 2020 to $126K in 2022. Individual grants have ranged from N/A to $8K, with an average award of $3K. The foundation has supported 53 unique organizations. Grant recipients are concentrated in Delaware. Contributions to this foundation are tax-deductible.
Smallest Grant
$112
Median Grant
$3K
Average Grant
$3K
Largest Grant
$5K
Based on 37 grants from the most recent 990-PF filing.
The foundation gave (25) twenty five educational scholarships to (25) twenty five individuals.
Expenses: $63K
In addition to grants for unmet need for the cost of college attendance, the foundation provides, at its cost, the following additional programs: 1) academic financial aid counseling with annual reviews, 2) decision making tools to assist scholars in college selection, 3) academic mentoring and intervention services, 4) referral to affiliated providers for additional financial aid, 5) emergency and crisis response funds, 6) funds for study abroad programs in accordance with the foundation student guide, 7) tuition for freshman english in the summer prior to the freshman year, 8) organized social gatherings of its scholars to encourage networking and mentoring by upper classmen, and 9) an alumni network.
The foundation gave (30) thirty educational scholarships to (30) thirty individuals. Based on available records, the foundation has funded 99 grants. Its grantmaking reaches organizations primarily in DE.
The Gromet Foundation has distributed a total of $314K across 99 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from N/A to $8K.
The application deadline is OCTOBER 25. Must be financially disadvantaged (< 150% of federal poverty guidlines), minimum gpa of 3.5, must be enrolled in a 4 year college, community college enrollment is not eligible.
The Gromet Foundation is headquartered in NEWARK, DE.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| James A Stubenberg | EXECUTIVE DIR/PRESIDENT/SEC/DIR | $125K | $0 | $125K |
| Sung S Stubenberg | CHIEF FINANCIAL OFFICER | $96K | $0 | $96K |
Total Giving
N/A
Total Assets
$4.1M
Fair Market Value
N/A
Net Worth
$4.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
99
Total Giving
$314K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
53
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Takahashi TaylorSTUDENT GRANT | Newark, DE | $8K | 2022 |
| Nagasako JessicaSTUDENT GRANT | Newark, DE | $8K | 2022 |
| Blasi Maya PSTUDENT GRANT | Newark, DE | $5K | 2022 |
| Calara EunicaSTUDENT GRANT | Newark, DE | $5K | 2022 |
| Dallas SavannahSTUDENT GRANT | Newark, DE | $5K | 2022 |
| Finks JenesisSTUDENT GRANT | Newark, DE | $5K | 2022 |
| Merafuentes EmilinaSTUDENT GRANT | Newark, DE | $5K | 2022 |
| Armour LisaSTUDENT GRANT | Newark, DE | $5K | 2022 |
| Liang AnsonSTUDENT GRANT | Newark, DE | $5K | 2022 |
| Piturachsatit MaehaSTUDENT GRANT | Newark, DE | $5K | 2022 |
| Man Giselle-MarieSTUDENT GRANT | Newark, DE | $5K | 2022 |
| Gismundo-Hook IsabellaSTUDENT GRANT | Newark, DE | $5K | 2022 |
| Gonzales HermarySTUDENT GRANT | Newark, DE | $5K | 2022 |
| Po NakoaSTUDENT GRANT | Newark, DE | $5K | 2022 |
| Kim JennaSTUDENT GRANT | Newark, DE | $5K | 2022 |
| Krainer Lea-EileenSTUDENT GRANT | Newark, DE | $5K | 2022 |
| Le JohnathanSTUDENT GRANT | Newark, DE | $5K | 2022 |
| Ballesteros BethanySTUDENT GRANT | Newark, DE | $5K | 2022 |
| Pang JennySTUDENT GRANT | Newark, DE | $3K | 2022 |
| Viloria AlexisSTUDENT GRANT | Newark, DE | $3K | 2022 |
| Wong WylandSTUDENT GRANT | Newark, DE | $3K | 2022 |
| Mcclung Ho'OnaniSTUDENT GRANT | Newark, DE | $3K | 2022 |
| Nisperos-Barnachea RyanSTUDENT GRANT | Newark, DE | $2K | 2022 |
| Nguyen TuSTUDENT GRANT | Newark, DE | $2K | 2022 |
| Quimoyog-Cabatbat LilahSTUDENT GRANT | Newark, DE | $2K | 2022 |
| Galvez SandySTUDENT GRANT | Newark, DE | $2K | 2022 |
| Eberhard EmerySTUDENT GRANT | Newark, DE | $2K | 2022 |
| Huynh MancySTUDENT GRANT | Newark, DE | $2K | 2022 |
| Lu TonySTUDENT GRANT | Newark, DE | $2K | 2022 |
| Chau JessicaSTUDENT GRANT | Newark, DE | $2K | 2022 |
| Ko JemiSTUDENT GRANT | Newark, DE | $1K | 2022 |
| Kudo HSTUDENT GRANT | Newark, DE | $902 | 2022 |
| Umayas MajoretteSTUDENT GRANT | Newark, DE | $857 | 2022 |
| Afaga RonaldSTUDENT GRANT | Newark, DE | $730 | 2022 |
| Angst MariaSTUDENT GRANT | Newark, DE | $200 | 2022 |
| Brang JSTUDENT GRANT | Newark, DE | N/A | 2022 |
| Fernandez NicoleSTUDENT GRANT | Newark, DE | $5K | 2021 |