Karen and Eric Dermond Foundation

MILWAUKEE, WI EIN: 20-6376990

Karen and Eric Dermond Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILWAUKEE, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $577K in total assets. In 2024, it awarded 4 grants totaling $16K. Net investment income was $21K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$577K

+0.6% YoY

Annual Giving

$16K

-76.3% YoY

Grant Count

-20.0% YoY

Avg Grant Size

$4K

-70.4% YoY

Under IRS private-foundation payout rules, Karen and Eric Dermond Foundation reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.

About Karen and Eric Dermond Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $68K (37%)

New York $60K (33%)

Florida $33K (18%)

California $22K (12%)

Wisconsin $1K (1%)

States

California Florida New York Texas Wisconsin

Cities

Coral GablesKey BiscayneKilleenNew YorkWauwatosaWest Hollywood

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$576,693	$573,192	$622,393
Revenue	$25,923	$23,620	$23,194
Expenses	$22,422	$72,821	$46,610
Qualifying Distributions	$17,874	$67,787	$41,194
Net Investment Income	$20,723	$18,146	$15,410
Distributable Amount	$32,825	$31,555	$34,334

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

17 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Gulliver Schools ($10,000), Key Biscayne Presbyterian School ($2,500), Sabanci Foundation ($2,500).

Recipient	Purpose	Amount
Gulliver Schools Coral Gables, FL	General	$10,000
Key Biscayne Presbyterian School Key Biscayne, FL	General	$2,500
Sabanci Foundation	General	$2,500
Best Buddies Wauwatosa, WI	General	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ERIC A DERMOND	TRUSTEE	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Karen and Eric Dermond Foundation?

Karen and Eric Dermond Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILWAUKEE, WI. It holds $577K in total assets as of 2024.

How large is Karen and Eric Dermond Foundation?

As of 2024, Karen and Eric Dermond Foundation holds $577K in total assets with $26K in annual revenue. It awarded 4 grants totaling $16K in 2024.

Where does Karen and Eric Dermond Foundation operate?

Karen and Eric Dermond Foundation has awarded grants in California, Florida, New York, Texas, Wisconsin.

What size grants does Karen and Eric Dermond Foundation award?

In 2024, Karen and Eric Dermond Foundation awarded 4 grants totaling $16K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Karen and Eric Dermond Foundation required to give away each year?

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

What is Karen and Eric Dermond Foundation's EIN?

Karen and Eric Dermond Foundation's EIN (Employer Identification Number) is 20-6376990. IRS Form 990 filing data is available on this page for 2020–2024.