Gerald & Janet Carrus Foundation
Gerald & Janet Carrus Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 3 grants totaling $800K. Net investment income was $219K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
-22.2% YoY
Annual Giving
$800K
-38.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$267K
-38.0% YoY
Under IRS private-foundation payout rules, Gerald & Janet Carrus Foundation reported a distributable amount of $149K for 2024 — the minimum it must pay out in qualifying distributions.
About Gerald & Janet Carrus Foundation
Based on IRS filings
Gerald & Janet Carrus Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 3 grants totaling $800K. Net investment income was $219K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,474,677 | $3,180,724 | $4,296,154 |
| Revenue | $244,371 | $331,031 | $200,301 |
| Expenses | $950,418 | $1,446,461 | $1,235,326 |
| Qualifying Distributions | $920,509 | $1,411,398 | $1,183,456 |
| Net Investment Income | $219,099 | $297,622 | $154,972 |
| Distributable Amount | $149,359 | $189,317 | $251,955 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hurleyville Performing Arts Centre Inc ($600,000), Hurleyville Performing Arts Centre Inc ($100,000), The International Wilderness Leadership Foundation ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HURLEYVILLE PERFORMING ARTS CENTRE INC HURLEYVILLE, NY | General & Unrestricted | $600,000 |
| HURLEYVILLE PERFORMING ARTS CENTRE INC HURLEYVILLE, NY | HPAC-Tango Cafe | $100,000 |
| THE INTERNATIONAL WILDERNESS LEADERSHIP FOUNDATION BOULDER, CO | To support Indigenous Led | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Janet Carrus | Dir, Pres | 1 | — |
| Robin Miller | Dir | 1 | — |
| Michelle Peperone | Dir | 1 | — |
| Renee Peperone | Dir | 1 | — |
| Cathey Romano | Executive Dir | 20 | $90,800 |
| Irving Sitnick | Dir, Sec, VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gerald & Janet Carrus Foundation?
Gerald & Janet Carrus Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $2.5M in total assets as of 2024.
How large is Gerald & Janet Carrus Foundation?
As of 2024, Gerald & Janet Carrus Foundation holds $2.5M in total assets with $244K in annual revenue. It awarded 3 grants totaling $800K in 2024.
Where does Gerald & Janet Carrus Foundation operate?
Gerald & Janet Carrus Foundation has awarded grants in Colorado, District of Columbia, Maryland, New York.
What size grants does Gerald & Janet Carrus Foundation award?
In 2024, Gerald & Janet Carrus Foundation awarded 3 grants totaling $800K — an average of about $267K per grant, based on its IRS Form 990 filings.
How much is Gerald & Janet Carrus Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gerald & Janet Carrus Foundation reported a distributable amount of $149K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.