Ellison Foundation
- Assets
- $76.0m
- Revenue
- $2.6m
- Investments
- $74.7m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/1953
- Data as of
- 12/2022
- EIN
- 04-6050704
Organization Overview
Ellison Foundation is located in Boston, MA. The organization was established in 1953. 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. Ellison 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 12/2022, Ellison Foundation generated $2.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Ellison Foundation has awarded 113 individual grants totaling $15,448,300. 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) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Silverman Trustee | 4 | $100,000 | |
Elton F Drew Trustee | 15 | $120,000 | |
Martin Hall Trustee | 3 | $81,355 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ropes & Gray Llp | 12/30/21 | $296,302 |
Dolan | 12/30/21 | $53,647 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,270,004 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,374,821 |
| Capital Gain Net Income | $1,375,538 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,644,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $301,355 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $148,432 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,524 |
| Total operating and administrative expenses | $753,166 |
| Contributions, gifts, grants paid | $2,583,300 |
| Total expenses and disbursements | $3,336,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,888 |
| Savings and temporary cash investments | $1,168,043 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $2,670,706 |
| Investments—other | $53,479,166 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $76,012,638 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ellison Foundation has awarded $2,583,300 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL FUND | $550,000 |
BOSTON CHILDREN'S HOSPITAL PURPOSE: GENERAL FUND | $125,000 |
BOSTON MEDICAL CENTER PURPOSE: GENERAL FUND | $188,300 |
BRIGHAM & WOMENS HOSPITAL PURPOSE: GENERAL FUND | $100,000 |
CITY YEAR PURPOSE: GENERAL FUND | $100,000 |
CROSSROADS FOR KIDS PURPOSE: GENERAL FUND | $100,000 |