Demund Foundation
Demund Foundation is a private foundation, based in Pittsburgh, PA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.0M in total assets. In 2025, it awarded 4 grants totaling $86K. Net investment income was $72K.
Demund Foundation at a glance
In short: Demund Foundation gave $86K across 4 grants in 2025 (avg $22K), mostly in Arizona. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $86,000
- +145.3% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $21,500
- +145.3% vs 2024
- Median grant
- $16,000
- Total assets
- $1,012,326
- -3.8% vs 2024
- Primary geography
- Arizona (80% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Demund Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Northern Arizona University Foundat ($50K). Together the top 4 received $86K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 20 grants of 21 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Demund Foundation gives
- Giving grew 43% from 2022 to 2025. Method
- In 2025 it paid out 204% of its IRS minimum distribution (the 5% rule). 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 2019 to 2025, annual grant giving ranged from $35K (2024) to $86K (2025). In 2025 it made 4 grants totaling $86K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northern Arizona University Foundat Flagstaff, AZ | General | $50,000 |
| Albright College Reading, PA | General | $17,000 |
| University of Arizona Flagstaff, AZ | General | $15,000 |
| Maricopa Community Colleges Foundat Tempe, AZ | General | $4,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,012,326 | $75,218 | $115,773 | $86,000 | 4 | $112,221 | $71,931 | $54,999 |
| 2024 | $1,051,876 | $68,772 | $65,289 | $35,060 | 4 | $56,671 | $60,419 | $55,034 |
| 2023 | $1,048,393 | $59,359 | $91,226 | $65,060 | 5 | $65,060 | $34,519 | $54,589 |
| 2022 | $1,063,768 | $75,061 | $87,465 | $60,000 | 4 | $60,000 | $38,093 | $57,213 |
| 2021 | $1,063,290 | $99,728 | $95,517 | $68,000 | 4 | $68,000 | $41,341 | $63,752 |
| 2020 | $1,059,079 | $62,560 | $85,569 | $60,000 | 4 | — | $44,955 | $56,573 |
| 2019 | $1,066,991 | $69,544 | $56,373 | $54,500 | 5 | — | $79,195 | $57,239 |
Under IRS private-foundation payout rules, Demund Foundation reported a distributable amount of $55K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Demund Foundation is led by Stephen Clarke, President on filings since 2019; 1 of 4 officers listed in 2025 is compensated.
Officers on the 2025 filing
Stephen Clarke
President
On filings since 2019
4 hrs/week
$15K (2020) → $15K (2025)
Laurie Clarke
Director
On filings since 2019
4 hrs/week
No compensation reported
Alexander Clarke
Director
New on the 2025 filing
No compensation reported
Connor Clarke
Director
New on the 2025 filing
No compensation reported
Former officers (5)
- Former: Erin Demund (2019–2024) — Director
- Former: Steve Clarke (2024) — President
- Former: Charles Demund (2019–2022) — President
- Former: Corey Nutting (2019–2022) — Director
- Former: Douglas Chandler (2019–2022) — Secretary
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $15K, to Stephen Clarke (President).
Frequently asked questions about Demund Foundation
How much does Demund Foundation give each year?
Demund Foundation gave $86K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 4 grants.
What is Demund Foundation's typical grant size?
Demund Foundation's median grant in 2025 was $16,000, and its average grant was $21,500, across 4 grants on its 2025 IRS Form 990-PF.
Where does Demund Foundation give grants?
Demund Foundation gives mostly in Arizona: 80% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (20%). The most frequent recipient cities were Flagstaff, AZ (2 grants).
Does Demund Foundation give general operating support?
Yes: 100% of Demund Foundation's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Demund Foundation?
Demund Foundation reported $1.0M in total assets on its 2025 IRS Form 990-PF. It paid out $112K in qualifying distributions that year, against a required minimum of $55K (roughly 5% of its investment assets).
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 22, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 27, 2026)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in Demund Foundation's focus areas in our free grants database
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