Frederick E G Valergakis Charitable

FORT WASHINGTON, PA EIN: 23-2057515

Frederick E G Valergakis Charitable is a private foundation, based in FORT WASHINGTON, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 4 grants totaling $237K. Net investment income was $236K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.0M

-2.3% YoY

Annual Giving

$237K

+124.0% YoY

Grant Count

+33.3% YoY

Avg Grant Size

$59K

+68.0% YoY

Under IRS private-foundation payout rules, Frederick E G Valergakis Charitable reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.

About Frederick E G Valergakis Charitable

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $226K (66%)

Massachusetts $118K (34%)

States

Massachusetts New Jersey

Cities

BrooklineJersey CityNew BrunswickWest New York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,047,671	$1,072,643	$1,178,057
Revenue	$255,913	$125,175	$145,198
Expenses	$280,861	$230,589	$83,246
Qualifying Distributions	$262,461	$210,273	$57,040
Net Investment Income	$236,445	$104,859	$121,860
Distributable Amount	$47,279	$61,067	$63,907

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

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Board of Education of Jersey City ($99,756), Hellenic University Education Fund ($77,697), Rutgers University Foundation ($39,970).

Recipient	Purpose	Amount
HELLENIC UNIVERSITY EDUCATION FUND BROOKLINE, MA	GENERAL	$77,697
BOARD OF EDUCATION OF JERSEY CITY JERSEY CITY, NJ	GENERAL	$99,756
WEST NEW YORK BOARD OF EDUCATION WEST NEW YORK, NJ	GENERAL	$20,000
RUTGERS UNIVERSITY FOUNDATION NEW BRUNSWICK, NJ	GENERAL	$39,970

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GEORGE BORDEN	TRUSTEE	2	—

Frequently Asked Questions

How large is Frederick E G Valergakis Charitable?

As of 2024, Frederick E G Valergakis Charitable holds $1.0M in total assets with $256K in annual revenue. It awarded 4 grants totaling $237K in 2024.

Where does Frederick E G Valergakis Charitable operate?

Frederick E G Valergakis Charitable has awarded grants in Massachusetts, New Jersey.

What size grants does Frederick E G Valergakis Charitable award?

In 2024, Frederick E G Valergakis Charitable awarded 4 grants totaling $237K — an average of about $59K per grant, based on its IRS Form 990 filings.

How much is Frederick E G Valergakis Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Frederick E G Valergakis Charitable reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Frederick E G Valergakis Charitable's EIN?

Frederick E G Valergakis Charitable's EIN (Employer Identification Number) is 23-2057515. IRS Form 990 filing data is available on this page for 2020–2024.