Demund Foundation
Demund Foundation is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 4 grants totaling $35K. Net investment income was $60K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+0.3% YoY
Annual Giving
$35K
-46.1% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$9K
-32.6% YoY
Under IRS private-foundation payout rules, Demund Foundation reported a distributable amount of $55K for 2024 — the minimum it must pay out in qualifying distributions.
About Demund Foundation
Based on IRS filings
Demund Foundation is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 4 grants totaling $35K. Net investment income was $60K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,051,876 | $1,048,393 | $1,063,768 |
| Revenue | $68,772 | $59,359 | $75,061 |
| Expenses | $65,289 | $91,226 | $87,465 |
| Qualifying Distributions | $56,671 | $65,060 | $60,000 |
| Net Investment Income | $60,419 | $34,519 | $38,093 |
| Distributable Amount | $55,034 | $54,589 | $57,213 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Arizona ($15,000), Albright College ($11,000), Cap James Corrigan Memorial Foundat ($5,060).
| Recipient | Purpose | Amount |
|---|---|---|
| MARICOPA COMMUNITY COLLEGES FOUNDAT TEMPE, AZ | GENERAL | $4,000 |
| UNIVERSITY OF ARIZONA FLAGSTAFF, AZ | GENERAL | $15,000 |
| ALBRIGHT COLLEGE READING, PA | GENERAL | $11,000 |
| Cap James Corrigan Memorial Foundat Rockville Centre, NY | GENERAL | $5,060 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ERIN DEMUND | Director | 4 | $5,000 |
| LAURIE CLARKE | Director | 4 | — |
| STEVE CLARKE | President | 4 | $15,000 |
Frequently Asked Questions
How large is Demund Foundation?
As of 2024, Demund Foundation holds $1.1M in total assets with $69K in annual revenue. It awarded 4 grants totaling $35K in 2024.
Where does Demund Foundation operate?
Demund Foundation has awarded grants in Arizona, New York, Pennsylvania.
What size grants does Demund Foundation award?
In 2024, Demund Foundation awarded 4 grants totaling $35K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Demund Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Demund Foundation reported a distributable amount of $55K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Demund Foundation's EIN?
Demund Foundation's EIN (Employer Identification Number) is 86-6052388. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Demund Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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