The Grundy Foundation

BRISTOL, PA EIN: 23-1609243

The Grundy Foundation is a private foundation, based in BRISTOL, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28.6M in total assets. In 2024, it awarded 13 grants totaling $121K. Net investment income was $3.5M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$28.6M

+0.3% YoY

Annual Giving

$121K

+4.3% YoY

Grant Count

+18.2% YoY

Avg Grant Size

$9K

-11.7% YoY

Under IRS private-foundation payout rules, The Grundy Foundation reported a distributable amount of $2.3M for 2024 — the minimum it must pay out in qualifying distributions.

About The Grundy Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $645K (100%)

States

Pennsylvania

Cities

BristolDoylestownFairless HillsLanghorneNewtownYardley

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$28,601,386	$28,517,284	$29,636,916
Revenue	$3,660,994	$2,766,250	$2,799,521
Expenses	$3,358,782	$3,885,882	$6,695,922
Qualifying Distributions	$3,256,010	$3,812,680	$6,607,980
Net Investment Income	$3,517,862	$2,577,060	$2,679,225
Distributable Amount	$2,308,046	$1,418,407	$1,451,687

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

71 grants across all recorded years

Open Grants

1 open opportunity from The Grundy Foundation

Foundation

Grundy Foundation Grant

The Grundy Foundation

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Bristol Riverside Theater Company Inc ($90,000), Bristol Borough School District ($6,500), Garden Club of Bristol Borough ($5,000).

Recipient	Purpose	Amount
BRISTOL RIVERSIDE THEATER COMPANY INC Bristol, PA	2024 Main Stage Season	$90,000
ADVOCATES FOR THE HOMELESS & THOSE IN NEED Fairless Hills, PA	Code Blue Transportation	$2,000
CALVARY BAPTIST CHURCH Bristol, PA	Food Pantry	$1,000
COMMUNITY ACTION GROUP Bristol, PA	Food Pantry	$1,000
ST JAMES EPISCOPAL CHURCH Bristol, PA	Code Blue	$1,000
BRISTOL BOROUGH POLICE DEPARTMENT Bristol, PA	Youth Programs	$2,000
BRISTOL BOROUGH SCHOOL DISTRICT Bristol, PA	LNS Scholarship	$6,500
BRISTOL BOROUGH SCHOOL DISTRICT Bristol, PA	Drama Club	$1,000
BRISTOL ARE COMPANY STATION 51 Bristol, PA	EMA equipment	$2,000
BUCKS COUNTY OPPORTUNITY COUNCIL Doylestown, PA	Emergency Needs	$4,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FREDERICK J M LAVALLEY ESQ	trustee	0.5	$12,761
THOMAS F PRAISS EA CFP AEP	TRUSTEE	0.5	$12,741
PHILA TRUST CO CO MICHAEL	TRUSTEE	0.5	$82,691
EUGENE WILLIAMS ESQ	Executive Director	40	$219,438
CARL E WHITE	TRUSTEE	0.5	$12,741
CHRISTINA M FOURNAIS	TRUSTEE	0.5	$12,761

Frequently Asked Questions

How large is The Grundy Foundation?

As of 2024, The Grundy Foundation holds $28.6M in total assets with $3.7M in annual revenue. It awarded 13 grants totaling $121K in 2024.

Where does The Grundy Foundation operate?

The Grundy Foundation has awarded grants in Pennsylvania.

What size grants does The Grundy Foundation award?

In 2024, The Grundy Foundation awarded 13 grants totaling $121K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is The Grundy Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Grundy Foundation reported a distributable amount of $2.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.