George J Record School Foundation

Foundation · Grantmaker CONNEAUT, OH EIN: 34-0830818

George J Record School Foundation is a private foundation, based in CONNEAUT, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 17 grants totaling $86K. Net investment income was $170K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.7M

+9.0% YoY

Annual Giving

$86K

+5.7% YoY

Grant Count

17

+6.3% YoY

Avg Grant Size

$5K

-0.5% YoY

Under IRS private-foundation payout rules, George J Record School Foundation reported a distributable amount of $127K for 2024 — the minimum it must pay out in qualifying distributions.

About George J Record School Foundation

Based on IRS filings

George J Record School Foundation is a private foundation, based in CONNEAUT, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 17 grants totaling $86K. Net investment income was $170K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Cities

AllianceBeaver FallsBereaCantonCedarvilleClevelandFindlayGreenvilleGrove CityJoplinMt VernonNew ConcordPainesvillePensacolaUplandWooster

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$55K$110K$165K$220K20202021202220232024
Metric202420232022
Total Assets$2,698,290$2,476,249$2,415,636
Revenue$200,274$125,416$118,238
Expenses$155,870$148,807$128,609
Qualifying Distributions$123,153$117,591$98,828
Net Investment Income$169,799$93,733$90,113
Distributable Amount$127,434$119,135$125,694

Giving Over Time

Total grant dollars and number of grants per year

$0$21K$43K$64K$86K21 grants202017 grants202116 grants202216 grants202317 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

COLLEEN ANDERSEN$7KELLA BURDICK$7KMADELYN MORRISON$7KMALIA MYERS$7KMASON SUMMERS$7KSAMUEL MAURER$7KSERENITY KRANAUER$7KTELLUS ANDREWS JR$7KJACOB ERNST$4KJAMIE EBERSOLE$4K

Grant Size Distribution

87 grants across all recorded years

87<$50K$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 Colleen Andersen ($6,850), Ella Burdick ($6,850), Madelyn Morrison ($6,850).

RecipientPurposeAmount
COLLEEN ANDERSEN BEREA, OHEDUCATION STUDY$6,850
ELLA BURDICK ALLIANCE, OHEDUCATION STUDY$6,850
EMILY FALCONE FINDLAY, OHEDUCATION STUDY$3,250
JACOB ERNST CANTON, OHEDUCATION STUDY$3,600
JAMIE EBERSOLE CEDARVILLE, OHEDUCATION STUDY$3,600
JARED SCHWOTZER GROVE CITY, PAEDUCATION STUDY$3,250
JOSEPH DEGEORGE CANTON, OHEDUCATION STUDY$3,600
MADELYN MORRISON BEREA, OHEDUCATION STUDY$6,850
MALIA MYERS JOPLIN, MOEDUCATION STUDY$6,850
MASON SUMMERS MT VERNON, OHEDUCATION STUDY$6,850

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

CHARLES N LAFFERTYEXEC DIR/PRES/TRUSTEE$20KKERRY W GERDESSEC/TREAS/TRUSTEE$8KP THOMAS PICARDVP/TRUSTEE$4KWILLIAM N RUNYANTRUSTEE$3KJAMES C KENNEDYTRUSTEE$3K

From 2024 filing

NameTitleHoursCompensation
CHARLES N LAFFERTYEXEC DIR/PRES/TRUSTEE10$19,785
WILLIAM N RUNYANTRUSTEE4$3,345
P THOMAS PICARDVP/TRUSTEE6$3,990
KERRY W GERDESSEC/TREAS/TRUSTEE5$7,560
JAMES C KENNEDYTRUSTEE3$3,345

Frequently Asked Questions

How large is George J Record School Foundation?

As of 2024, George J Record School Foundation holds $2.7M in total assets with $200K in annual revenue. It awarded 17 grants totaling $86K in 2024.

Where does George J Record School Foundation operate?

George J Record School Foundation has awarded grants in Florida, Indiana, Missouri, Ohio, Pennsylvania.

What size grants does George J Record School Foundation award?

In 2024, George J Record School Foundation awarded 17 grants totaling $86K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is George J Record School Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, George J Record School Foundation reported a distributable amount of $127K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is George J Record School Foundation's EIN?

George J Record School Foundation's EIN (Employer Identification Number) is 34-0830818. 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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