David R Grenon Family Foundation
The David R Grenon Family Foundation is a private 501(c)(3) grantmaking foundation established in Massachusetts in August 2008. Based in Northborough, MA, it operates as a family foundation with no paid staff, relying on volunteer trustees to manage its operations and grant distribution.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+3.8% YoY
Annual Giving
$220K
+49.9% YoY
Grant Count
43
+16.2% YoY
Avg Grant Size
$5K
+29.0% YoY
Mission & Focus Areas
The foundation has not publicly disclosed a formal mission statement. Specific subject areas of funding are not listed in available documentation.
Grantmaking
The foundation does not maintain a public website and has not published formal application guidelines. The "Preselected Only" checkbox was not marked on recent IRS filings, suggesting the foundation may be open to applications, though with limited staffing capacity.
Grant Range
$100 to $49,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation funds initiatives across multiple states, with primary focus in the Northeast. Geographic areas served include:
- Massachusetts (primary focus, including Boston and Worcester)
- Connecticut
- Florida
- Pennsylvania
- Rhode Island
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2023:
- Total Assets: $1,480,398
- Total Revenue: $76,887
- Total Expenses: $157,949
- Total Liabilities: $0
- Asset growth: +2.6% from previous year
Five-Year Trend:
- Total giving over three years: $823,000
- Five-year growth: 22% total
- Expense ratio: 205.4%
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,536,752 | $1,480,398 | $1,561,299 |
| Revenue | $286,614 | $76,887 | $470,126 |
| Expenses | $230,260 | $157,949 | $129,276 |
| Qualifying Distributions | $220,400 | $147,050 | $118,500 |
| Net Investment Income | $276,754 | $65,827 | $21,964 |
| Distributable Amount | $87,046 | $86,805 | $81,709 |
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
211 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by three unpaid trustees, each dedicating approximately 10 hours per week:
- David R Grenon (Trustee)
- Michael Grenon (Trustee)
- Gerri Ann Lorusso (Trustee)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID R GRENON | TRUSTEE | 10 | — |
| MICHAEL GRENON | TRUSTEE | 10 | — |
| GERRI ANN LORUSSO | TRUSTEE | 10 | — |
Contact Information
Address: 218 Green St Northborough, MA 01532
Phone: 508-865-6505
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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