Gregory and Itsuko Herrema Charitable
Gregory and Itsuko Herrema Charitable is a private foundation, based in Boston, MA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $3.2M in total assets. Net investment income was $160K.
Gregory and Itsuko Herrema Charitable at a glance
- Total assets
- $3,169,942
- +4.3% vs 2024
- Revenue (2025)
- $165,325
- -45.4% vs 2024
- Net investment income (2025)
- $159,944
- -38.9% vs 2024
- Expenses (2025)
- $29,063
- -96.8% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Gregory and Itsuko Herrema Charitable funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Gregory and Itsuko Herrema Charitable gives
- In 2024 it paid out 428% of 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 2022 to 2024, annual grant giving ranged from $533K (2022) to $882K (2024). In 2024 it made 1 grant totaling $882K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Va Tech Foundation Blacksburg, VA | Unrestricted Contribution | $881,815 |
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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 | $3,169,942 | $165,325 | $29,063 | — | — | — | $159,944 | $182,920 |
| 2024 | $3,039,991 | $302,535 | $910,702 | $881,815 | 1 | $881,815 | $261,903 | $206,086 |
| 2023 | $3,652,572 | $-84,579 | $759,230 | $733,333 | 1 | $733,333 | $111,363 | $211,325 |
| 2022 | $4,496,618 | $2,184,471 | $558,510 | $533,333 | 1 | $533,333 | $2,149,286 | $202,359 |
| 2021 | $2,881,630 | $238 | — | — | — | — | $238 | $17,736 |
Under IRS private-foundation payout rules, Gregory and Itsuko Herrema Charitable reported a distributable amount of $183K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gregory and Itsuko Herrema Charitable is led by Gregory Herrema, President on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Gregory Herrema
President
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Gregory and Itsuko Herrema Charitable
How large is Gregory and Itsuko Herrema Charitable?
Gregory and Itsuko Herrema Charitable reported $3.2M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $165K.
Where does Gregory and Itsuko Herrema Charitable operate?
Gregory and Itsuko Herrema Charitable has awarded grants in Virginia.
How much is Gregory and Itsuko Herrema Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Gregory and Itsuko Herrema Charitable reported a distributable amount of $183K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gregory and Itsuko Herrema Charitable's EIN?
Gregory and Itsuko Herrema Charitable's EIN (Employer Identification Number) is 87-3885554. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2021–2024
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Figures come from Gregory and Itsuko Herrema Charitable's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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