GM Foundation is a private foundation focused on Human Services, based in Kennett Square, PA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $510K in total assets. In 2024, it awarded 4 grants totaling $15K. Net investment income was $99K.
Key facts about GM Foundation
In short: GM Foundation gave $15K across 4 grants in 2024 (avg $4K), top state Delaware. Source: 2024 IRS Form 990-PF.
- EIN
- 87-4156610
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $15,169
- Grants made (2024)
- 4
- Average grant
- $3,792
- Median grant
- $2,589
- Total assets
- $509,517
- Primary geography
- Delaware (19% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Quick answers about GM Foundation
How much does GM Foundation give each year?
GM Foundation gave $15K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $11K across 3 grants.
What is GM Foundation's typical grant size?
GM Foundation's median grant in 2024 was $2,589, and its average grant was $3,792, across 4 grants on its 2024 IRS Form 990-PF.
Where does GM Foundation give grants?
GM Foundation's top state is Delaware, with 19% of the grant dollars itemized on its 2024 IRS Form 990-PF.
Does GM Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on GM Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (3 grants).
How GM Foundation gives
- In 2024 it paid out 81% 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 GM Foundation
- How to evaluate GM Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$510K
+50.6% YoY
Annual Giving
$15K
+39.4% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$4K
+4.5% YoY
Under IRS private-foundation payout rules, GM Foundation reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.
About GM Foundation
Based on IRS filings
GM Foundation is a private foundation focused on Human Services, based in Kennett Square, PA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $510K in total assets. In 2024, it awarded 4 grants totaling $15K. Net investment income was $99K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $509,517 | $338,301 | $300,800 |
| Revenue | $199,290 | $40,109 | $100,000 |
| Expenses | $17,057 | $12,316 | $606 |
| Qualifying Distributions | $15,169 | $10,883 | — |
| Net Investment Income | $99,290 | $109 | — |
| Distributable Amount | $18,639 | $13,691 | $9,895 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| SRINIVASULU EGGS CENTER | CHARITABLE | $9,412 |
| RONALD MCDONALD HOUSE OF DELAWARE Wilmington, DE | CHARITABLE | $2,811 |
| WATER PLANT | CHARITABLE | $2,367 |
| DNM JUNIOR COLLEGE | EDUCATIONAL | $579 |
Leadership & Key People
Officers and directors from IRS filings
GM Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Lingaiah Mannem
Director
On filings since 2021
No compensation reported
Suneeta Tumati
Director
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is GM Foundation?
GM Foundation is a private foundation focused on Human Services, based in Kennett Square, PA. It holds $510K in total assets as of 2024.
How large is GM Foundation?
As of 2024, GM Foundation holds $510K in total assets with $199K in annual revenue. It awarded 4 grants totaling $15K in 2024.
How much is GM Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, GM Foundation reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is GM Foundation's EIN?
GM Foundation's EIN (Employer Identification Number) is 87-4156610. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.