Private non-operating foundationEIN 990281966Est. 2019-07
THE GROMET FOUNDATION
NEWARK, DE 19711
Accepts unsolicited proposalsTotal Assets
$10.9M
FY 2024
Annual Giving
$110K
FY 2024
Grants Made
26
FY 2024
Avg Grant
$4K
FY 2024
Grant Range
$1K–$10K
Typical
Deadlines
October 25
Applications
Programs & Activities
Program 1
$110KThere are a total of forty-five (45) scholars in the program. Scholarship disbursements were made to the universities of twenty-six (26) scholars for unmet academic needs in the amount of $109,956. The remaining scholars receive services designed to eliminate student debt.
Program 2
In addition to grants for unmet need for the cost of college attendance, the foundation provides, at its cost, the following additional programs: 1) academic financial aid counseling with annual reviews, 2) decision making tools to assist scholars in college selection, 3) academic mentoring and intervention services, 4) referral to affiliated providers for additional financial aid, 5) emergency and crisis response funds, 6) funds for study abroad programs in accordance with the foundation student guide, 7) tuition for freshman english in the summer prior to the freshman year, 8) organized social gatherings of its scholars to encourage networking and mentoring by upper classmen, and 9) an alumni network.
Focus Areas
Financial Snapshot
2024 filing
Total Revenue
$789K
Total Expenses
$774K
Qualifying Distributions
$566K
Min. Investment Return
$530K
Grant Range
26 grants
Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.
Giving Over Time
4 years
Total dollars recorded per filing year. Scale adjusts to the foundation's range.
Top Recipients
118 grants
Grant Size Distribution
117 grants
Geographic Focus
1 states
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