The Gerald Mcdermott Foundation Inc
The Gerald Mcdermott Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in FLORENCE, MA. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $45K in total assets. In 2025, it made $9K in qualifying distributions. Net investment income was $816.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$45K
-7.4% YoY
Revenue
$6K
-70.9% YoY
Qualifying Distributions
$9K
+2249.3% YoY
Expenses
$9K
+2249.3% YoY
Under IRS private-foundation payout rules, The Gerald Mcdermott Foundation Inc reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
About The Gerald Mcdermott Foundation Inc
Based on IRS filings
The Gerald Mcdermott Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in FLORENCE, MA. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $45K in total assets. In 2025, it made $9K in qualifying distributions. Net investment income was $816.
Focus Areas
Ready to take the next step with The Gerald Mcdermott Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $44,629 | $48,210 | $28,636 |
| Revenue | $5,816 | $20,000 | $14,000 |
| Expenses | $9,397 | $400 | $863 |
| Qualifying Distributions | $9,397 | $400 | $863 |
| Net Investment Income | $816 | — | — |
| Distributable Amount | $2,275 | $1,890 | $1,080 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2025
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSHUA BIRK | PRESIDENT | 1 | — |
| RAYE BIRK | TREASURER | 1 | — |
| CANDACE BIRK | CLERK | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Gerald Mcdermott Foundation Inc?
The Gerald Mcdermott Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in FLORENCE, MA. It holds $45K in total assets as of 2025.
How large is The Gerald Mcdermott Foundation Inc?
As of 2025, The Gerald Mcdermott Foundation Inc holds $45K in total assets with $6K in annual revenue.
How much is The Gerald Mcdermott Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Gerald Mcdermott Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Gerald Mcdermott Foundation Inc's EIN?
The Gerald Mcdermott Foundation Inc's EIN (Employer Identification Number) is 86-3967819. IRS Form 990 filing data is available on this page for 2022–2025.
Explore Open Grants
Browse active grant opportunities in The Gerald Mcdermott Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Us Charitable Gift Trust
BOSTON, MA
Assets
$2.2B
Grants
6,518
Total Given
$231.4M
Fidelity Foundation
BOSTON, MA
Assets
$5.0B
Grants
4,430
Total Given
$156.2M
Boston Foundation Inc
BOSTON, MA
Assets
$1.9B
Grants
2,046
Total Given
$169.9M
Bny Mellon Charitable Gift Fund
BOSTON, MA
Assets
$2.0M
Grants
1,503
Total Given
$720.2M
Analog Devices Foundation
BOSTON, MA
Assets
$35.8M
Grants
1,158
Total Given
$2.0M
Combined Jewish Philanthropies of Greater Boston Inc
BOSTON, MA
Assets
$2.3B
Grants
1,105
Total Given
$322.3M
Barr Foundation
BOSTON, MA
Assets
$1.9B
Grants
903
Total Given
$123.2M
Liberty Mutual Foundation Inc
BOSTON, MA
Assets
$46.1M
Grants
706
Total Given
$50.6M
Cummings Foundation Grants Inc (fka Oneworld Boston Inc)
WOBURN, MA
Assets
$258.2M
Grants
658
Total Given
$38.2M
American Tower Corporation Foundation
BOSTON, MA
Assets
$15.4M
Grants
632
Total Given
$1.7M
The Stephen Phillips Memorial
BOSTON, MA
Assets
$41.6M
Grants
520
Total Given
$5.1M
Berkshire Bank Foundation Inc
PITTSFIELD, MA
Assets
$17.1M
Grants
478
Total Given
$2.0M
More Funders in Massachusetts
Data last updated April 2026. Sourced from IRS Form 990-PF filings.