John Niamas Scholarship Trust

BANGOR, ME EIN: 06-6354878

John Niamas Scholarship Trust is a private foundation focused on Education, based in BANGOR, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $536K in total assets. In 2024, it awarded 1 grants totaling $33K. Net investment income was $25K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$536K

-1.8% YoY

Annual Giving

$33K

+1.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$33K

+1.9% YoY

Under IRS private-foundation payout rules, John Niamas Scholarship Trust reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.

About John Niamas Scholarship Trust

Based on IRS filings

Focus Areas

Education

Ready to take the next step with John Niamas Scholarship Trust?

Assess fit for your org Draft an LOI Find open RFPs

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$536,491	$546,551	$577,237
Revenue	$30,529	$8,446	$11,246
Expenses	$40,607	$39,179	$42,769
Qualifying Distributions	$34,766	$34,460	$40,154
Net Investment Income	$24,890	$11,056	$7,678
Distributable Amount	$33,173	$30,828	$32,083

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Niamas Greek Scholarship Committee ($32,700).

Recipient	Purpose	Amount
Niamas Greek Scholarship Committee	SCHOLARSHIP	$32,700

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LAZARDOUS C VANDIS DMD	DO-TRUSTEE	2	—
ATHANASIOS A MAYIAKAS	CO-TRUSTEE	2	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is John Niamas Scholarship Trust?

John Niamas Scholarship Trust is a private foundation focused on Education, based in BANGOR, ME. It holds $536K in total assets as of 2024.

How large is John Niamas Scholarship Trust?

As of 2024, John Niamas Scholarship Trust holds $536K in total assets with $31K in annual revenue. It awarded 1 grants totaling $33K in 2024.

What size grants does John Niamas Scholarship Trust award?

In 2024, John Niamas Scholarship Trust awarded 1 grants totaling $33K — an average of about $33K per grant, based on its IRS Form 990 filings.

How much is John Niamas Scholarship Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, John Niamas Scholarship Trust reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.