Donald E Garrant Foundation Inc
Donald E Garrant Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKEFIELD, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $425K in total assets. In 2024, it awarded 5 grants totaling $28K. Net investment income was $48K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$425K
+2.8% YoY
Annual Giving
$28K
-68.0% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$6K
-68.0% YoY
Under IRS private-foundation payout rules, Donald E Garrant Foundation Inc reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.
About Donald E Garrant Foundation Inc
Based on IRS filings
Donald E Garrant Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKEFIELD, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $425K in total assets. In 2024, it awarded 5 grants totaling $28K. Net investment income was $48K.
Focus Areas
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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 | $424,911 | $413,249 | $436,736 |
| Revenue | $52,204 | $72,805 | $44,992 |
| Expenses | $40,542 | $96,292 | $14,887 |
| Qualifying Distributions | $34,474 | $92,643 | $10,635 |
| Net Investment Income | $47,898 | $53,181 | $15,752 |
| Distributable Amount | $28,064 | $26,363 | $27,346 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Breaktime United Inc ($10,000), Community Day Charter Public School ($7,000), Boston Debate League ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Boston Debate League Boston, MA | Financial Literacy | $5,000 |
| Breaktime United Inc Boston, MA | Financial Literacy | $10,000 |
| Community Day Charter Public School Lawrence, MA | Financial Literacy | $7,000 |
| Student Financial Education Initiatives Inc North Andover, MA | Financial Literacy | $5,000 |
| Methuen High School Methuen, MA | Financial Literacy | $859 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Denise Carbone | Treasurer/Director | 1 | — |
| Cam Garrant | Director | 1 | — |
| Therese Jarmusik | Director | 1 | — |
| Raichelle L Kallery | Director | 1 | — |
| Mark J Simeola | Director | 1 | — |
| Robert J DiBella | Past President/Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Donald E Garrant Foundation Inc?
Donald E Garrant Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKEFIELD, MA. It holds $425K in total assets as of 2024.
How large is Donald E Garrant Foundation Inc?
As of 2024, Donald E Garrant Foundation Inc holds $425K in total assets with $52K in annual revenue. It awarded 5 grants totaling $28K in 2024.
Where does Donald E Garrant Foundation Inc operate?
Donald E Garrant Foundation Inc has awarded grants in Massachusetts.
What size grants does Donald E Garrant Foundation Inc award?
In 2024, Donald E Garrant Foundation Inc awarded 5 grants totaling $28K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Donald E Garrant Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Donald E Garrant Foundation Inc reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Donald E Garrant Foundation Inc's EIN?
Donald E Garrant Foundation Inc's EIN (Employer Identification Number) is 04-3563155. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.