Gerondelis Foundation, Inc
Gerondelis Foundation, Inc., established in 1956 by Louis Gerondelis, is a philanthropic organization based in Lynn, Massachusetts. The foundation was created following the sale of farmland acquired by Gerondelis during the Great Depression, which now funds various scholarships and grants through rental income from its properties.
With a legacy rooted in community support, the foundation focuses on providing college scholarships, graduate school grants, and nonprofit grants. It manages over twenty acres of land, leasing to tenants such as Target Corporation, Kelly's Roast Beef, and North Shore Bank, ensuring the continuation of its charitable endeavors.
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