Karen and Eric Dermond Foundation
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
4
-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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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
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.
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Browse active grant opportunities in Karen and Eric Dermond Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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