Galenus Foundation

Organization Overview

Galenus Foundation is located in Newton, MA. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galenus Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Galenus Foundation generated $782.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Galenus Foundation has awarded 36 individual grants totaling $1,517,151. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Board, Officers & Key Employees

Name (title)Compensation
Laura F Langer
Trustee
$0
Robert S Langer
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $140,225
Interest on Savings $65,218
Dividends & Interest $267,688
Net Rental Income$0
Net Gain on Sale of Assets $309,336
Capital Gain Net Income $441,344
Net ST Capital Gain $62,246
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $782,467

Grants Awarded

Over the last fiscal year, Galenus Foundation has awarded $855,800 in support to 17 organizations.

Grant RecipientAmount

MASSACHUSETTS INSTITUTE OF TECHNOLO

Org PageRecipient Profile

Cambridge, MA

PURPOSE: RESEARCH

$650,000

THE AMERICAN INSTITUTE OF CHEMICAL

Org PageRecipient Profile

New York, NY

PURPOSE: EDUCATION

$100,000

LEHIGH UNIVERSITY

Org PageRecipient Profile

Bethlehem, PA

PURPOSE: EDUCATION

$30,000

BETH ISRAEL DEACONESS MEDICAL CENTE

Org PageRecipient Profile

Boston, MA

PURPOSE: MEDICAL ADVANCEMENT

$25,000

MUSEUM OF SCIENCE

Org PageRecipient Profile

Boston, MA

PURPOSE: EDUCATION

$12,000

CRADLES TO CRAYONS

PURPOSE: HUMAN SERVICES

$7,500
View Grant Profile

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