The Nicholas J and Anna K Bouras Foundation is a private foundation based in Summit, New Jersey. Established in December 1998, the foundation operates as a 501(c)(3) organization dedicated to philanthropic giving across multiple sectors, with particular emphasis on religious, educational, and healthcare initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$106.9M
+4.2% YoY
Annual Giving
$4.2M
+1.0% YoY
Grant Count
45
-4.3% YoY
Avg Grant Size
$94K
+5.5% YoY
Under IRS private-foundation payout rules, Nicholas J and Anna K Bouras reported a distributable amount of $5.0M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking priorities include:
- Religious Organizations: Significant support for Greek Orthodox Church initiatives and religious services
- Education: Educational institutions and programs
- Healthcare: Hospital support and medical research, including Parkinson's research
- Human Services: Rehabilitation and community support programs
- Philanthropy & Grantmaking: Support for other foundations and charitable organizations
Grantmaking
Grant Range
$500 to $1,400,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New Jersey (primary focus)
- New York
- Illinois
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $106.9 million
- Total Revenue: $7.86 million
- Total Expenses: $5.13 million
- Net Income: $2.73 million
- Total Liabilities: $1.12 million
- Giving Rate: 4.1% to 4.9% of assets
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $106,880,183 | $102,582,899 | $94,724,639 |
| Revenue | $7,859,291 | $2,773,472 | $3,496,480 |
| Expenses | $5,127,758 | $4,679,844 | $4,718,000 |
| Qualifying Distributions | $4,885,030 | $4,811,549 | $5,924,316 |
| Net Investment Income | $7,377,708 | $2,322,105 | $2,839,671 |
| Distributable Amount | $5,030,477 | $4,696,408 | $4,807,575 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
222 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Greek Orthodox Archdioces ($1,330,000), Greek American Nursing Center ($400,000), The Citadel Foundation ($390,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN HELLENIC INSTITU WASHINGTON, DC | SUPPORT OF GREEK CULTURE | $10,000 |
| AMERICAN RED CROSS NJ REGION FAIRFIELD, NJ | SUPPORT OF RED CROSS | $5,000 |
| ANNUNCIATION GREEK ORTHODOX CHURCH NEW YORK, NY | SUPPORT OF LOCAL CHURCH | $50,000 |
| CAL STATE EAST BAY ED FUND HAYWARD, CA | SUPPORT OF EDUCATION | $5,250 |
| CASA OF NEW JERSEY NEW BRUNSWICK, NJ | SUPPORT OF CHILDREN IN NEED | $10,000 |
| CROSSROADS INITIATIVE IRVING, TX | SUPPORT OF THE CHRISTIAN CHURCH | $33,333 |
| FAMILY PROMISE SUMMIT, NJ | SUPPORT OF NEEDY | $5,000 |
| FORDHAM UNIVERSITY NEW YORK, NY | EDUCATION | $20,000 |
| GREEK AMERICAN NURSING CENTER WHEELING, IL | CARE OF ELDERLY GREEK AMERICANS | $400,000 |
| GREEK ORTHODOX ARCHDIOCES NEW YORK, NY | SUPPORT OF GREEK ORTHODOX RELIGION | $1,330,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- William S Crane: President/Treasurer (7 hours/week, $10,000 compensation)
- Andrew J Stamelman: Secretary (2 hours/week, $10,000 compensation)
- B Theodore Bozonelis: Trustee (2 hours/week, $23,200 compensation)
The foundation was established by Nicholas J. Bouras, described as a World War II hero, industrialist, churchman, and devoted philanthropist who passed away on December 22, 2013, at age 93. He was a member of the Archons of the Ecumenical Patriarchate and demonstrated significant commitment to the Greek Orthodox Church throughout his life.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM S CRANE | PRES/TREASUR | 8 | $14,000 |
| ANDREW J STAMELMAN | SECRETARY | 2 | $14,000 |
| B THEODORE BOZONELIS | TRUSTEE | 2 | $29,000 |
Recent News & Activity
Recent developments and announcements
The foundation completed a significant $1 million matching grant to the Ecumenical Patriarch Bartholomew Foundation, demonstrating its commitment to supporting Orthodox Christian initiatives and leadership development.
Archons of the Ecumenical Patriarchate and Bouras Foundation Team Up to PledgeThe foundation has been recognized for its philanthropic contributions to youth ministries and archon stewardship within the Orthodox Christian community. In 2024, the foundation partnered with the Archons of the Ecumenical Patriarchate to pledge and donate $50,000 to support the Archbishop's youth ministries initiatives.
Archons of the Ecumenical Patriarchate and Bouras Foundation Team Up to PledgeSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Nicholas J and Anna K Bouras fund?
The foundation's grantmaking priorities include: • **Religious Organizations**: Significant support for Greek Orthodox Church initiatives and religious services • **Education**: Educational institutions and programs • **Healthcare**: Hospital support and medical research, including Parkinson's research • **Human Services**: Rehabilitation and community support programs • **Philanthropy & Grantmaking**: Support for other foundations and charitable organizations
How do I apply for a grant from Nicholas J and Anna K Bouras?
**Grant Characteristics:** • Typical grant range: $500 to $1,400,000 • Median grant amount: approximately $10,000-$10,833 • Annual giving: $4.2 million to $4.8 million • Number of grants: 45-57 grants annually • Application policy: Invitation-only; does not accept unsolicited applications **Notable Grant Programs:** • Support of Greek Orthodox Church: averaging $178,250 across 5 recipients • Support of Local Hospital Foundation: averaging $287,500 across 4 recipients (primarily Overlook Hospita…
Where does Nicholas J and Anna K Bouras make grants?
The foundation primarily funds organizations in: • **New Jersey** (primary focus) • **New York** • **Illinois**
What size grants does Nicholas J and Anna K Bouras award?
In 2024, Nicholas J and Anna K Bouras awarded 45 grants totaling $4.2M — an average of about $94K per grant, based on its IRS Form 990 filings.
How much is Nicholas J and Anna K Bouras required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Nicholas J and Anna K Bouras reported a distributable amount of $5.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Nicholas J and Anna K Bouras's EIN?
Nicholas J and Anna K Bouras's EIN (Employer Identification Number) is 22-3591803. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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