Gennadius Foundation
Gennadius Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $630K in total assets. In 2025, it awarded 4 grants totaling $20K. Net investment income was $18K.
Gennadius Foundation at a glance
In short: Gennadius Foundation gave $20K across 4 grants in 2025 (avg $5K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,250
- -52.9% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $5,063
- -52.9% vs 2024
- Median grant
- $5,000
- Total assets
- $629,655
- -1.7% vs 2024
- Primary geography
- California (51% 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 Gennadius Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was GTI Hope ($5K). Together the top 4 received $20K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Gennadius Foundation gives
- Giving grew 56% from 2022 to 2025. Method
- In 2025 it paid out 67% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2025, annual grant giving ranged from $6K (2020) to $43K (2024). In 2025 it made 4 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| GTI Hope San Dimas, CA | General & Unrestricted | $5,250 |
| Angel Flight West Inc Santa Monica, CA | General & Unrestricted | $5,000 |
| Exchange Club Center for the Prevention of Child a Statesville, NC | General & Unrestricted | $5,000 |
| Jewish Vocational Service Inc Boston, MA | General & Unrestricted | $5,000 |
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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 | $629,655 | $18,422 | $29,034 | $20,250 | 4 | $28,234 | $18,422 | $42,273 |
| 2024 | $640,267 | $26,003 | $51,151 | $43,000 | 4 | $50,828 | $26,003 | $38,563 |
| 2023 | $665,415 | $24,811 | $23,775 | $16,000 | 4 | $23,675 | $24,811 | $35,101 |
| 2022 | $664,379 | $255,580 | $21,453 | $13,000 | 5 | $20,525 | $5,580 | $22,959 |
| 2021 | $430,252 | $88,312 | $18,365 | $12,500 | 5 | $17,818 | $88,312 | $19,935 |
| 2020 | $360,305 | $17,788 | $11,256 | $6,000 | 2 | — | $17,788 | $19,068 |
Under IRS private-foundation payout rules, Gennadius Foundation reported a distributable amount of $42K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gennadius Foundation is led by Richard J Volpe, Director, President, Secretary & Treasurer on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Richard J Volpe
Director, President, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Gennadius Foundation
How much does Gennadius Foundation give each year?
Gennadius Foundation gave $20K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $43K across 4 grants.
What is Gennadius Foundation's typical grant size?
Gennadius Foundation's median grant in 2025 was $5,000, and its average grant was $5,063, across 4 grants on its 2025 IRS Form 990-PF.
Where does Gennadius Foundation give grants?
Gennadius Foundation gives mostly in California: 51% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were North Carolina (25%) and Massachusetts (25%).
Does Gennadius Foundation give general operating support?
Yes: 100% of Gennadius 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 Gennadius Foundation?
Gennadius Foundation reported $630K in total assets on its 2025 IRS Form 990-PF. It paid out $28K in qualifying distributions that year, against a required minimum of $42K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Gennadius Foundation's EIN?
Gennadius Foundation's EIN (Employer Identification Number) is 83-2394935. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 10, 2026)
- IRS filings on file for fiscal years 2020–2025
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