Angelakis Charitable Foundation
The Angelakis Charitable Foundation is a private grantmaking foundation based in Bryn Mawr, Pennsylvania. Established in 2018 and tax-exempt since May 2019, it operates as a 501(c)(3) organization dedicated to philanthropic giving across multiple charitable sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.8M
+6.8% YoY
Annual Giving
$695K
-32.8% YoY
Grant Count
37
-26.0% YoY
Avg Grant Size
$19K
-9.2% YoY
Under IRS private-foundation payout rules, Angelakis Charitable Foundation reported a distributable amount of $1.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking focuses on:
- Education (primary focus area, including K-12 and higher education)
- The Arts
- Health
- Human Services
- Religious causes
- Greek causes
The foundation maintains a low public profile and does not appear to accept unsolicited proposals or requests for support.
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is primarily concentrated in:
- Pennsylvania
- New York
- Massachusetts
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $19,502,488
- Total Revenue: $3,980,835
- Total Expenses: $1,121,535
- Total Liabilities: $0
- Number of Employees: 0
As of 2024:
- Total Assets: $20,819,004
- Total Giving: $694,850
Funding Source: The foundation received $5,012,927 in operational support from the Angelakis Family Foundation in 2018. The Angelakis Family Foundation transferred its endowment to the Angelakis Charitable Foundation in 2018 and subsequently went dormant.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,819,004 | $19,502,488 | $16,694,253 |
| Revenue | $2,431,317 | $3,980,835 | $1,652,632 |
| Expenses | $850,171 | $1,121,535 | $902,135 |
| Qualifying Distributions | $694,850 | $1,034,104 | $837,274 |
| Net Investment Income | $1,414,231 | $3,956,236 | $582,551 |
| Distributable Amount | $1,179,097 | $1,047,488 | $1,063,412 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
207 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include William Penn Charter School ($164,500), Masters Tournament Foundation Inc ($100,000), North10 Philadelphia Alliance ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARDEN SHORE CHILD AND FAMILY SERVICES WAUKEGAN, IL | OPERATIONAL SUPPORT | $100 |
| BACKPACK BUDDIES SEABROOK ISLAND SEABROOK ISLAND, SC | OPERATIONAL SUPPORT | $5,000 |
| CENTRAL PARK CONSERVANCY NEW YORK, NY | OPERATIONAL SUPPORT | $25,000 |
| CHRISTO REY PHILADELPHIA HIGH SCHOOL PHILADELPHIA, PA | OPERATIONAL SUPPORT | $5,000 |
| COURAGEOUS PARENTS NETWORK NEWTON, MA | OPERATIONAL SUPPORT | $10,000 |
| DRAVET SYNDROME FOUNDATION CHERRY HILL, NJ | OPERATIONAL SUPPORT | $11,000 |
| EDESIA GLOBAL NURITION SOLUTIONS NEW KINGSTOWN, RI | OPERATIONAL SUPPORT | $5,400 |
| GLADWYNE CIVIC ASSOCIATION GLADWYNE, PA | OPERATIONAL SUPPORT | $500 |
| GLADWYNE FIRE COMPANY GLADWYNE, PA | OPERATIONAL SUPPORT | $1,000 |
| GOLF FIGHTS CANCER NORTON, MA | OPERATIONAL SUPPORT | $2,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Founders & Primary Supporters:
- Michael J. Angelakis — Primary supporter; former Comcast CFO and Vice Chairman; founder of Atairos; graduate of Babson College; elected to American Express Board of Directors in 2025
- Christine Angelakis — Co-founder
The couple is based in Gladwyne, Pennsylvania, outside of Philadelphia.
Professional Background of Michael J. Angelakis:
- CEO of State Cable TV Corporation and Aurora Telecommunications
- Managing director and member of the Management and Investment Committees of Providence Equity Partners
- Vice Chairman and CFO of Comcast
- Founder of Atairos, an independent private company with offices in New York and Bryn Mawr, Pennsylvania
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL J ANGELAKIS | TRUSTEE | — | — |
| CHRISTINE B ANGELAKIS | TRUSTEE | — | — |
| DEMETRA ANGELAKIS | DIRECTOR | — | — |
| LUKE ANGELAKIS | DIRECTOR | — | — |
| MARKER ANGELAKIS | DIRECTOR | — | — |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking with a focus on educational institutions, particularly those with connections to the founding family. Babson College, Michael J. Angelakis' alma mater, has been a significant recipient of foundation support.
Angelakis Charitable Foundation - Grantmakers.ioSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Angelakis Charitable Foundation fund?
The foundation's grantmaking focuses on: • **Education** (primary focus area, including K-12 and higher education) • **The Arts** • **Health** • **Human Services** • **Religious causes** • **Greek causes** The foundation maintains a low public profile and does not appear to accept unsolicited proposals or requests for support.
How do I apply for a grant from Angelakis Charitable Foundation?
**Grant Activity:** • Made 43 grants in 2023 • Typical grant awards range from $53,000 to $300,000 **Recent Grants (2023):** • Babson College: $300,000 (Operational Support) • William Penn Charter School: $157,500 (Operational Support) • Pebble Beach Company Foundation: $75,000 (Operational Support) • Additional 40 grants totaling approximately $845,214 **Total Giving:** $1,034,104 (2023)
Where does Angelakis Charitable Foundation make grants?
The foundation's grantmaking is primarily concentrated in: • Pennsylvania • New York • Massachusetts
What size grants does Angelakis Charitable Foundation award?
In 2024, Angelakis Charitable Foundation awarded 37 grants totaling $695K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is Angelakis Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Angelakis Charitable Foundation reported a distributable amount of $1.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Angelakis Charitable Foundation's EIN?
Angelakis Charitable Foundation's EIN (Employer Identification Number) is 83-2748427. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Angelakis Charitable Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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