A member of the Kulukundis family, a Greek shipping family who had made their home in London, Kulukundis was born at 26 Warbeck Street, W2 in 1932.
His parents moved to New York when he was eight. Kulukundis was not an active sportsman and took the role of statistician, keeping score. He graduated from Salisbury School in 1950, and is now an Emeritus Trustee of the school.
The Kulukundis and Mavroleon families had formed the shipping company London & Overseas Freighters (LOF) in 1948. Kulukundis entered the shipping industry by working on tramp steamers in the Mediterranean. After the death of his uncle John Kulukundis in September 1978, Kulukundis joined the LOF board. The company suffered mounting losses, and after it had sold all but two of its ships and all shore side assets, he resigned on 11 December 1985.
He rejoined the board of the much reduced company in 1988 following the death of company president Manuel Kulukundis, and also the death of his nephew, Minas Kulukundis, in the Lockerbie air disaster while flying to attend the funeral of his uncle and godfather Captain Nicholas Kulukundis. On 1 November 1997 LOF was sold to Frontline Freighters AB of Sweden and Kulukundis resigned from the board. He still holds positions with family company Company Rethymnis and Kulukundis Ltd, which celebrated its 150th anniversary in 1998.
The philanthropy started when he returned to the UK, and after a chance meeting with David Hemery. Through Harry Wilson, Steve Ovett's coach, Kulukundis received the names of several athletes who needed help. Every deal is recorded by his secretary because, theoretically, each one is only a loan. Among athletes Kulukundis has supported are:
Roger Black - "'When I was out of action for two years and earning nothing, it was Eddie who helped me with my mortgage."
Dean Macey - Kulukundis provided Macey with an inexhaustible supply of free motor transport - Macey returned what remained of the car a few months later. On one occasion, the timelag between provision and destruction was no more than an afternoon. After three crashes, Macey gave up and Kulukundis funded his warm winter training instead
Eugene Gilkes "It was Eddie's support that made it possible for me to continue through the trials and tribulations of injury for long enough to hobble to a Commonwealth Decathlon medal. And so many of the good things in life that have happened since have been as a direct result of this achievement. I will always be grateful"
In November 1998 Kulukundis came second in the contest to become the first elected president of UK Athletics by former Olympic champion David Hemery. Kulukundis has served as chairman of the London Coaching Foundation, the Midland Coaching Foundation and Athletes Youth Performance; vice-president of UK Athletics; chairman of the British Athletic Field Event Charitable Trust; and as chairman and patron of the Belgrave Harriers athletics club