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.
Key facts about Gerald & Janet Carrus Foundation
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.
- EIN
- 13-3929249
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $1,200,000
- Grants made (2025)
- 1
- Average grant
- $1,200,000
- Median grant
- $1,200,000
- Total assets
- $1,363,259
- Primary geography
- New York (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.4M
-44.9% YoY
Annual Giving
$1.2M
+50.0% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$1.2M
+350.0% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
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.
Grant Insights
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%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hurleyville Performing Arts Centre Inc Hurleyville, NY | General & Unrestricted | $1,200,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,363,259 | $2,474,677 | $3,180,724 |
| Revenue | $231,119 | $244,371 | $331,031 |
| Expenses | $1,342,537 | $950,418 | $1,446,461 |
| Qualifying Distributions | $1,318,831 | $920,509 | $1,411,398 |
| Net Investment Income | $211,458 | $219,099 | $297,622 |
| Distributable Amount | $105,950 | $149,359 | $189,317 |
Data update history
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)
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.
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