Boston Foundation Inc is located in Boston, MA. The organization was established in 1997. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Boston Foundation Inc employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Foundation Inc 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 06/2021, Boston Foundation Inc generated $325.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $198.3m during the year ending 06/2021. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Boston Foundation Inc has awarded 17,659 individual grants totaling $1,142,280,348. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS GREATER BOSTON'S COMMUNITY FOUNDATION, THE BOSTON FOUNDATION DEVOTES ITS RESOURCES TO BUILDING AND SUSTAINING A VITAL, PROSPEROUS CITY AND REGION, WHERE JUSTICE AND OPPORTUNITY ARE EXTENDED TO EVERYONE. THE FOUNDATION FULFILLS THIS MISSION IN THREE PRINCIPAL WAYS: (1) MAKING GRANTS TO NONPROFIT ORGANIZATIONS AND DESIGNING SPECIAL FUNDING INITIATIVES TO ADDRESS THIS COMMUNITY'S CRITICAL CHALLENGES;(2) WORKING IN PARTNERSHIP WITH DONORS AND OTHER FUNDERS TO ACHIEVE HIGH-IMPACT PHILANTHROPY; AND (3) SERVING AS A CIVIC HUB AND CENTER OF INFORMATION, WHERE IDEAS ARE SHARED, LEVERS FOR CHANGE ARE IDENTIFIED, AND COMMON AGENDAS FOR THE FUTURE ARE DEVELOPED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALUE STATEMENT:IN EVERYTHING WE DO, WE SEEK TO BROADEN PARTICIPATION, FOSTER COLLABORATION AND HEAL RACIAL, ETHNIC AND COMMUNITY DIVISIONS.SEE SCHEDULE O.MAJOR GOALS AND OBJECTIVES FOR PROGRAM:1. THE ARTS AND CULTURE IMPACT AREA USES THE ARTS AS A CONNECTOR FOR ALL VOICES, COMMUNITIES AND SECTORS TO ELEVATE THE VIBRANCY, VITALITY, FABRIC AND TEXTURE OF CITY LIFE AND TO LESSEN PERCEIVED AND ACTUAL BARRIERS AND DIVIDES- SOCIAL, ECONOMIC, RACIAL AND PHYSICAL. RELEVANT AMBITIOUS, CULTURALLY COMPETENT ART FOSTERS A NECESSARY EXCHANGE OF IDEAS AND PERSPECTIVES FOR A HEALTHY, PROGRESSIVE CITY AND REGION. STRATEGIES:- BUILD AN EQUITABLE CULTURAL ECOLOGY FOR GREATER BOSTON- SUPPORT AND DEVELOP INCLUSIVE PUBLIC SPACES RICH WITH AMBITIOUS, CULTURALLY COMPETENT ART- ATTRACT NEW RESOURCES OF NEED IN THE ARTS 2. THE EDUCATION IMPACT AREA WORKS TO ENSURE THAT ALL GREATER BOSTON RESIDENTS CAN ACCESS THE EDUCATION, TRAINING, AND RESOURCES THEY WILL NEED TO SUCCEED IN OUR REGIONAL ECONOMY. AT EVERY STAGE, BOSTON'S CHILDREN WILL HAVE ACCESS TO HIGH QUALITY EDUCATION OPTIONS, BEGINNING IN EARLY CHILDHOOD AND CONTINUING THROUGH HIGH SCHOOL GRADUATION, AND POSTSECONDARY EDUCATION. WE WILL EXPAND ACCESS TO QUALITY SEATS AT EVERY LEVEL AND WORK WITH PARTNERS ACROSS SECTORS TO HELP STUDENTS COMPLETE POSTSECONDARY CERTIFICATE CREDENTIALS AND CONNECT TO HIGH-GROWTH CAREERS. STRATEGIES:- EARLY CHILDHOOD- K-12- COLLEGE COMPLETION 3. THE HEALTH AND WELLNESS IMPACT AREA PROMOTES AND ADVANCES HEALTH EQUITY, CONDITIONS IN WHICH EVERYONE- ACROSS ALL FORMS OF IDENTITY- HAS THE OPPORTUNITY TO ATTAIN THEIR BEST HEALTH. WE CATALYZE EFFORTS TO COLLABORATIVELY BUILD AND SUSTAIN CONDITIONS THAT ALLOW FOR IMPROVED HEALTH OUTCOMES AND INCREASED QUALITY OF LIFE, PARTICULARLY AMONG VULNERABLE POPULATIONS. STRATEGIES:- OBESITY PREVENTION- SOCIAL DETERMINANTS OF HEALTH 4. THE JOBS AND ECONOMIC DEVELOPMENT IMPACT AREA STRIVES TO UPLIFT SOLUTIONS TOWARDS THE ADVANCEMENT OF INCLUSIVE ECONOMIC MOBILITY IN GREATER BOSTON. ALL RESIDENTS WILL HAVE ACCESS TO FAMILY-SUSTAINING CAREERS AND A STRONG INCLUSIVE BUSINESS ECOSYSTEM. STRATEGIES:- WORKFORCE DEVELOPMENT- ECONOMIC INCLUSION 5. THE NEIGHBORHOODS AND HOUSING IMPACT AREA'S GOAL IS THAT ALL RESIDENTS OF GREATER BOSTON WILL HAVE ACCESS TO SAFE, AFFORDABLE AND DECENT HOMES IN HEALTHY, THRIVING NEIGHBORHOODS. RESIDENTS WILL HAVE INCREASED OPTIONS FOR RENTING AND OWNING HOMES IN ALL COMMUNITIES OF GREATER BOSTON. THEY WILL HAVE SUPPORTS TO HELP THEM FIND AFFORDABLE HOMES, KEEP THEIR HOMES AND INCREASE THEIR ASSETS. STRATEGIES:- INCREASE THE SUPPLY OF HOUSING- HOUSING STABILITY AND ACCESS- THRIVING NEIGHBORHOODS 6. THE SOCIAL JUSTICE ECOLOGY (SJE) FRAMEWORK RESPONDS TO THREE OF THE BIGGEST CHALLENGES FACING THE NONPROFIT SECTOR TODAY: (1) THE RACIAL LEADERSHIP GAP, (2) THE EXCLUSION OF HISTORICALLY MARGINALIZED PEOPLE FROM SHAPING DECISIONS THAT AFFECT THEIR LIVES, AND (3) NONPROFITS ARE NOT INVESTING IN THE OPERATIONAL AND LEADERSHIP CAPACITIES NEEDED TO DELIVER ON THEIR MISSIONS.THE GOAL OF THE SOCIAL JUSTICE ECOLOGY FRAMEWORK IS TO SUPPORT THE CONDITIONS FOR SOCIAL JUSTICE TO THRIVE IN GREATER BOSTON BY PROVIDING ACCESS TO RESOURCES AND SUPPORT FOR WORK TO DISRUPT PERSISTENT STRUCTURAL AND INSTITUTIONAL INEQUITY. STRATEGIES:- PEOPLE- MOVEMENTS- NONPROFIT SECTOR INFRASTRUCTURE- OPEN DOOR GRANTS
CARRY OUT AND EVALUATE PHILANTHROPIC PROGRAMS FOR INDIVIDUAL DONORS, FAMILIES, FOUNDATIONS, AND CORPORATIONS. ENCOURAGE A POSITIVE CLIMATE FOR PHILANTHROPY AND ACTIVELY PROMOTE EFFECTIVE GIVING THROUGH WORK WITH COMMUNITY FOUNDATIONS, REGIONAL ASSOCIATIONS OF GRANTMAKERS AND OTHERS. STRATEGY, COMBINED WITH THE VALUES AND PASSIONATE CONCERNS OF DONORS, BRINGS ABOUT GIVING THAT MAKES A DIFFERENCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Paul S Grogan Former President & CEO | 0 | $636,389 | |
M Lee Pelton President & CEO | Officer | 50 | $419,978 |
George C Wilson Assistant Treasurer | Officer | 50 | $390,256 |
Alfred F Van Ranst Jr CFO & Treasurer | Officer | 50 | $408,505 |
Kate Guedj VP And Chief Phil. Off. | Officer | 50 | $354,585 |
Orlando Watkins VP Of Program | Officer | 50 | $284,903 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Mass Design Group Design Services | 6/29/22 | $467,504 |
Adapthealth Llc Transportation Services | 6/29/22 | $322,100 |
Prime Buchholz & Associates Investment Advising | 6/29/22 | $420,003 |
Jupiter Enterprises Fabrication & Installation Of Artwork | 6/29/22 | $1,212,234 |
Quarra Stone Company Design & Fabrication Of Artwork | 6/29/22 | $361,346 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $308,485,264 |
Investment income | $13,426,842 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $667,597 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $325,590,260 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $6,285,473 |
Grants and other assistance to Foreign Orgs/Individuals | $1,395,711 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $3,035,127 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $10,081,961 |
Pension plan accruals and contributions | $456,806 |
Other employee benefits | $1,179,052 |
Payroll taxes | $854,746 |
Fees for services: Management | $18,718 |
Fees for services: Legal | $222,337 |
Fees for services: Accounting | $245,215 |
Fees for services: Lobbying | $955 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $324,265 |
Fees for services: Other | $0 |
Advertising and promotion | $493,027 |
Office expenses | $271,845 |
Information technology | $896,681 |
Royalties | $0 |
Occupancy | $1,421,170 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $495,047 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $436,480 |
Insurance | $117,893 |
All other expenses | $0 |
Total functional expenses | $198,258,173 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,875,425 |
Savings and temporary cash investments | $35,840,493 |
Pledges and grants receivable | $1,712,500 |
Accounts receivable, net | $526,805 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Investments—publicly traded securities | $1,034,312,847 |
Investments—other securities | $585,308,738 |
Investments—program-related | $20,547,580 |
Intangible assets | $0 |
Other assets | $323,515 |
Total assets | $1,683,793,346 |
Accounts payable and accrued expenses | $6,783,274 |
Grants payable | $4,919,979 |
Deferred revenue | $1,350,563 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $13,053,816 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $1,670,739,530 |
Over the last fiscal year, Boston Foundation Inc has awarded $185,808,336 in support to 2,416 organizations.
Grant Recipient | Amount |
---|---|
47 PALMER INC PURPOSE: Operating Support/Annual Fund | $23,000 |
1 FOR THE PLANET INC PURPOSE: Operating Support/Annual Fund | $20,000 |
826 BOSTON INC PURPOSE: Capital Campaign | $5,000 |
826 BOSTON INC PURPOSE: Operating Support/Annual Fund | $727,500 |
ABBY KELLEY FOSTER HOUSE INC PURPOSE: Operating Support/Annual Fund | $257,587 |
A FAR CRY INC PURPOSE: Operating Support/Annual Fund | $7,750 |