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.

Key facts about George J Record School Foundation

EIN: 34-0830818
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $85,800
Grants made (2024): 17
Average grant: $5,047
Median grant: $3,600
Total assets: $2,698,290
Primary geography: Ohio (80% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who George J Record School Foundation funds

By grant dollars, the top recipient states for George J Record School Foundation's 17 itemized 2024 grants were Ohio (80%), Missouri (8%) and Indiana (8%). The most frequent recipient cities were Berea, OH (4 grants), Alliance, OH (2 grants), Canton, OH (2 grants) and Cedarville, OH (2 grants). None of its 17 grants with a stated purpose were described as general or operating support. Recurring purposes include "Education Study" (17 grants).

How George J Record School Foundation gives

Giving held roughly steady from 2021 to 2024 (+12%). Method
In 2024 it paid out 97% 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.

Next steps with George J Record School Foundation

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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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $69K (80%)

Missouri $7K (8%)

Indiana $7K (8%)

Pennsylvania $3K (4%)

Share of all 17 itemized 2024 grant dollars.

States

Florida Indiana Missouri Ohio Pennsylvania

Cities

AllianceBereaFindlayGrove CityCedarvilleMt VernonCantonPensacolaUplandJoplinPainesvilleBeaver FallsClevelandWoosterGreenvilleNew Concord

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
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

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

87 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Colleen Andersen ($6,850), Ella Burdick ($6,850), Madelyn Morrison ($6,850).

Recipient	Purpose	Amount
COLLEEN ANDERSEN Berea, OH	EDUCATION STUDY	$6,850
ELLA BURDICK Alliance, OH	EDUCATION STUDY	$6,850
MADELYN MORRISON Berea, OH	EDUCATION STUDY	$6,850
MALIA MYERS Joplin, MO	EDUCATION STUDY	$6,850
MASON SUMMERS Mt Vernon, OH	EDUCATION STUDY	$6,850
SAMUEL MAURER Upland, IN	EDUCATION STUDY	$6,850
SERENITY KRANAUER Berea, OH	EDUCATION STUDY	$6,850
TELLUS ANDREWS JR Berea, OH	EDUCATION STUDY	$6,850
JACOB ERNST Canton, OH	EDUCATION STUDY	$3,600
JAMIE EBERSOLE Cedarville, OH	EDUCATION STUDY	$3,600

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Charles N Lafferty	Exec Dir/Pres/Trustee	10	$19,785
William N Runyan	Trustee	4	$3,345
P Thomas Picard	VP/Trustee	6	$3,990
Kerry W Gerdes	Sec/Treas/Trustee	5	$7,560
James C Kennedy	Trustee	3	$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.