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
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
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—
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Stephen J Machuta Scholarship Trust
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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