Gerald & Janet Carrus Foundation
Gerald & Janet Carrus Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 1 grant totaling $1.2M. Net investment income was $211K.
Gerald & Janet Carrus Foundation at a glance
In short: Gerald & Janet Carrus Foundation gave $1.2M across 1 grant in 2025 (avg $1.2M), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,200,000
- +50.0% vs 2024
- Grants made (2025)
- 1
- -66.7% vs 2024
- Average grant
- $1,200,000
- +350.0% vs 2024
- Median grant
- $1,200,000
- Total assets
- $1,363,259
- -44.9% vs 2024
- Primary geography
- New York (100% 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 Gerald & Janet Carrus Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Hurleyville Performing Arts Centre Inc ($1.2M).
Grant Size Distribution
17 grants across all recorded years
The most common grant size was in the $100–250K range: 6 grants of 17 (35%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Gerald & Janet Carrus Foundation gives
- Giving held roughly steady from 2022 to 2025 (+14%). Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 $800K (2024) to $1.4M (2020). In 2025 it made 1 grant totaling $1.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hurleyville Performing Arts Centre Inc Hurleyville, NY | General & Unrestricted | $1,200,000 |
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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 | $1,363,259 | $231,119 | $1,342,537 | $1,200,000 | 1 | $1,318,831 | $211,458 | $105,950 |
| 2024 | $2,474,677 | $244,371 | $950,418 | $800,000 | 3 | $920,509 | $219,099 | $149,359 |
| 2023 | $3,180,724 | $331,031 | $1,446,461 | $1,290,000 | 3 | $1,411,398 | $297,622 | $189,317 |
| 2022 | $4,296,154 | $200,301 | $1,235,326 | $1,052,500 | 6 | $1,183,456 | $154,972 | $251,955 |
| 2021 | $5,331,179 | $423,703 | $1,199,115 | $1,025,000 | 4 | $1,144,327 | $369,852 | $325,951 |
| 2020 | $6,106,591 | $-344,100 | $1,571,982 | $1,385,592 | 8 | — | $45,825 | $332,362 |
Under IRS private-foundation payout rules, Gerald & Janet Carrus Foundation reported a distributable amount of $106K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gerald & Janet Carrus Foundation is led by Cathey Romano, Executive Director on every filing since 2020; 1 of 6 officers listed in 2025 is compensated.
Officers on the 2025 filing
Cathey Romano
Executive Director
On filings since 2020
20 hrs/week
$91K (2020) → $91K (2025)
Janet Carrus
Director & President
On filings since 2020
1 hr/week
No compensation reported
Irving Sitnick
Director, Secretary & Vice President
On filings since 2020
1 hr/week
No compensation reported
Michelle Peperone
Director
On filings since 2020
1 hr/week
No compensation reported
Renee Peperone
Director
On filings since 2020
1 hr/week
No compensation reported
Robin Miller
Director
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $91K, to Cathey Romano (Executive Dir).
Frequently asked questions about Gerald & Janet Carrus Foundation
How much does Gerald & Janet Carrus Foundation give each year?
Gerald & Janet Carrus Foundation gave $1.2M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $800K across 3 grants.
How large is Gerald & Janet Carrus Foundation?
Gerald & Janet Carrus Foundation reported $1.4M in total assets on its 2025 IRS Form 990-PF. It paid out $1.3M in qualifying distributions that year, against a required minimum of $106K (roughly 5% of its investment assets).
Where does Gerald & Janet Carrus Foundation operate?
Gerald & Janet Carrus Foundation has awarded grants in Colorado, District of Columbia, Maryland, New York.
What is Gerald & Janet Carrus Foundation's EIN?
Gerald & Janet Carrus Foundation's EIN (Employer Identification Number) is 13-3929249. 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
Live grants for the work Gerald & Janet Carrus Foundation funds
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