Demetra and Eric Vassilatos Foundation
Demetra and Eric Vassilatos Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.9M in total assets. In 2024, it awarded 5 grants totaling $150K. Net investment income was $232K.
Demetra and Eric Vassilatos Foundation at a glance
In short: Demetra and Eric Vassilatos Foundation gave $150K across 5 grants in 2024 (avg $30K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $149,918
- -49.1% vs 2023
- Grants made (2024)
- 5
- -28.6% vs 2023
- Average grant
- $29,984
- -28.7% vs 2023
- Median grant
- $25,000
- Total assets
- $4,912,054
- -0.3% vs 2023
- Primary geography
- Illinois (63% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Demetra and Eric Vassilatos Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was American Friends of Israeli Navy ($55K). Together the top 5 received $150K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 19 grants of 27 (70%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Demetra and Eric Vassilatos Foundation gives
- Giving grew 826% from 2021 to 2024. Method
- In 2024 it paid out 55% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $16K (2021) to $371K (2020). In 2024 it made 5 grants totaling $150K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Friends of Israeli Navy New York, NY | Contribution | $54,918 |
| Lurie Cancer Center Chicago, IL | Contribution | $50,000 |
| The Latin School of Chicago Chicago, IL | Contribution | $25,000 |
| Commit-2-Change Chicago, IL | Contribution | $15,000 |
| Hellenic America Deerfield, IL | Contribution | $5,000 |
Ready to take the next step with Demetra and Eric Vassilatos Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,912,054 | $234,493 | $309,887 | $149,918 | 5 | $149,918 | $231,588 | $270,261 |
| 2023 | $4,927,604 | $60,401 | $457,016 | $294,534 | 7 | $294,534 | $152,788 | $247,830 |
| 2022 | $5,301,015 | $123,370 | $209,814 | $67,155 | 7 | $67,155 | $121,898 | $251,383 |
| 2021 | $5,336,285 | $1,928,343 | $137,012 | $16,193 | 3 | $16,193 | $426,254 | $201,516 |
| 2020 | $3,545,549 | $72,657 | $406,541 | $371,000 | 5 | — | $78,763 | $178,488 |
Under IRS private-foundation payout rules, Demetra and Eric Vassilatos Foundation reported a distributable amount of $270K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Demetra and Eric Vassilatos Foundation is led by Demetra Vassilatos, Chair on every filing since 2020; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Demetra Vassilatos
Chair
On filings since 2020
No compensation reported
Alexandra Bizios
Director
On filings since 2020
No compensation reported
Elitsa Bizios
Director
On filings since 2020
No compensation reported
Eric Vassilatos
Director
On filings since 2020
No compensation reported
Joanna Vassilatos
Director
On filings since 2020
No compensation reported
Katerina Bizios
Director
On filings since 2020
No compensation reported
Penny Vassilatos
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Demetra and Eric Vassilatos Foundation
How much does Demetra and Eric Vassilatos Foundation give each year?
Demetra and Eric Vassilatos Foundation gave $150K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $295K across 7 grants.
What is Demetra and Eric Vassilatos Foundation's typical grant size?
Demetra and Eric Vassilatos Foundation's median grant in 2024 was $25,000, and its average grant was $29,984, across 5 grants on its 2024 IRS Form 990-PF.
Where does Demetra and Eric Vassilatos Foundation give grants?
Demetra and Eric Vassilatos Foundation gives mostly in Illinois: 63% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (37%). The most frequent recipient cities were Chicago, IL (3 grants).
Does Demetra and Eric Vassilatos Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Demetra and Eric Vassilatos Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Contribution" (5 grants).
Who are Demetra and Eric Vassilatos Foundation's largest grantees?
Demetra and Eric Vassilatos Foundation's largest 2024 grantees include American Friends of Israeli Navy ($54,918), Lurie Cancer Center ($50,000) and The Latin School of Chicago ($25,000), according to its 2024 IRS Form 990-PF. Together they received 87% of its itemized 2024 grant dollars.
How large is Demetra and Eric Vassilatos Foundation?
Demetra and Eric Vassilatos Foundation reported $4.9M in total assets on its 2024 IRS Form 990-PF. It paid out $150K in qualifying distributions that year, against a required minimum of $270K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Demetra and Eric Vassilatos Foundation's EIN?
Demetra and Eric Vassilatos Foundation's EIN (Employer Identification Number) is 81-3634906. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Demetra and Eric Vassilatos Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Weisman Family Foundation
Chicago, IL
Assets
—
Grants
81
Total Given
$10K
Herbst Family Foundation
Chicago, IL
Assets
$1.9M
Grants
29
Total Given
$121K
The Baila Foundation
Chicago, IL
The Baila Foundation supports a varied mix of charitable organizations, including universities, cultural groups, and organizations serving older adults. Its 2025 grants ranged from $365 to $26,000, with a median of $1,000; most funding went to Illinois, with additional grants in several other states. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$320K
Grants
16
Total Given
$55K
Ashish and Sugeeta Kohli Family
Northbrook, IL
Assets
$90K
Grants
2
Total Given
$6K
Morgan Senior Foundation
Chicago, IL
The Morgan Senior Foundation supports charitable organizations, including arts and cultural institutions, with most funding going to Illinois. Its 2025 grants totaled $51,190 across 19 awards, ranging from $50 to $16,000, with a median grant of $1,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$347K
Grants
19
Total Given
$51K
Williams Family Charitable Foundation
Chicago, IL
The foundation supports organizations working across varied charitable areas, with most of its giving in Illinois and additional grants in several other states. In 2025, grants ranged from $1,000 to $50,000, with a median of $2,000. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$2.0M
Grants
60
Total Given
$183K
More similar funders
More Funders in Illinois
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Demetra and Eric Vassilatos Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Demetra and Eric Vassilatos Foundation down — hundreds of funders to go?