Evelyn & Herbert Chernis Foundation Inc Co

BOSTON, MA EIN: 58-1823260

Evelyn & Herbert Chernis Foundation Inc Co is a private foundation, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 9 grants totaling $100K. Net investment income was $25K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.0M

-7.6% YoY

Annual Giving

$100K

+0.0% YoY

Grant Count

9

+0.0% YoY

Avg Grant Size

$11K

+0.0% YoY

Under IRS private-foundation payout rules, Evelyn & Herbert Chernis Foundation Inc Co reported a distributable amount of $88K for 2024 — the minimum it must pay out in qualifying distributions.

About Evelyn & Herbert Chernis Foundation Inc Co

Based on IRS filings

Evelyn & Herbert Chernis Foundation Inc Co is a private foundation, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 9 grants totaling $100K. Net investment income was $25K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Cities

Cathedral CityDorchesterNeedham HeightsNewton CentrePalm DesertPalm SpringsRancho MirageSan FranciscoTucsonWarrington

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$57K$114K$170K$227K20202021202220232024
Metric202420232022
Total Assets$1,027,439$1,112,331$1,162,526
Revenue$20,321$61,388$206,522
Expenses$105,615$111,763$175,837
Qualifying Distributions$101,546$101,902$168,383
Net Investment Income$25,111$55,909$200,854
Distributable Amount$87,907$79,181$145,937

Giving Over Time

Total grant dollars and number of grants per year

$0$42K$83K$125K$167K11 grants20206 grants202111 grants20229 grants20239 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

NEWTON SOUTH HIGH SCHOOL$40KJEWISH FEDERATION OF THE…$31KRANCHO MIRAGE WRITERS FE…$5KNEIGHBORHOOD HOUSE$5KLITERARY SOCIETY OF THE …$5KUNIVERSITY OF ARIZONA FDN$5KHEBREW FREE LOAN$5KMCCALLUM THEATER$3KDESERT COMMUNITY FOUNDAT…$2K

Grant Size Distribution

46 grants across all recorded years

45<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Newton South High School ($40,000), Jewish Federation of the Desert ($30,500), Rancho Mirage Writers Festival ($5,000).

RecipientPurposeAmount
RANCHO MIRAGE WRITERS FESTIVAL RANCHO MIRAGE, CAFILM FESTIVAL SUPPORT$5,000
NEIGHBORHOOD HOUSE DORCHESTER, MACHARTER SCHOOL SUPPORT$5,000
NEWTON SOUTH HIGH SCHOOL NEWTON CENTRE, MASCHOLARSHIP SUPPORT$40,000
JEWISH FEDERATION OF THE DESERT RANCHO MIRAGE, CASUPPORT OF THE CHARITY$30,500
LITERARY SOCIETY OF THE DESERT PALM DESERT, CASUPPORT OF THE CHARITY$5,000
UNIVERSITY OF ARIZONA FDN TUCSON, AZANNUAL SUPPORT OF SALT$5,000
HEBREW FREE LOAN SAN FRANCISCO, CASUPPORT OF THE CHARITY$5,000
MCCALLUM THEATER PALM DESERT, CAGENERAL CHARITABLE PURPOSES$2,500
DESERT COMMUNITY FOUNDATION PALM DESERT, CAPROGRAM SUPPORT$2,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
MR PETER CHERNISTTEE, PRES & TREAS
MS MARILYN CHERNISTTEE, VP, SEC

Frequently Asked Questions

How large is Evelyn & Herbert Chernis Foundation Inc Co?

As of 2024, Evelyn & Herbert Chernis Foundation Inc Co holds $1.0M in total assets with $20K in annual revenue. It awarded 9 grants totaling $100K in 2024.

Where does Evelyn & Herbert Chernis Foundation Inc Co operate?

Evelyn & Herbert Chernis Foundation Inc Co has awarded grants in Arizona, California, Massachusetts, Pennsylvania.

What size grants does Evelyn & Herbert Chernis Foundation Inc Co award?

In 2024, Evelyn & Herbert Chernis Foundation Inc Co awarded 9 grants totaling $100K — an average of about $11K per grant, based on its IRS Form 990 filings.

How much is Evelyn & Herbert Chernis Foundation Inc Co required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Evelyn & Herbert Chernis Foundation Inc Co reported a distributable amount of $88K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Evelyn & Herbert Chernis Foundation Inc Co's EIN?

Evelyn & Herbert Chernis Foundation Inc Co's EIN (Employer Identification Number) is 58-1823260. 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.

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