Ellison Foundation
- Assets
- $95.8m
- Revenue
- $7.9m
- Investments
- $93.7m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/1953
- Data as of
- 12/2021
- 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 12/2021, Ellison Foundation generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 44.2% each year . All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 3 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 2019, Ellison Foundation has awarded 137 individual grants totaling $19,495,000. 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 |
|---|---|---|---|
Elton F Drew Trustee | 15 | $100,000 | |
Martin Hall Trustee | 3 | $93,768 | |
Andrew Silverman Trustee | 4 | $80,000 |
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 | $1,993,336 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,898,798 |
| Capital Gain Net Income | $5,898,798 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,892,134 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $273,768 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $99,450 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $44 |
| Printing and publications | $0 |
| Other expenses | $545 |
| Total operating and administrative expenses | $725,956 |
| Contributions, gifts, grants paid | $3,630,000 |
| Total expenses and disbursements | $4,355,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,908 |
| Savings and temporary cash investments | $1,992,255 |
| 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 | $2,926,973 |
| Investments—other | $72,904,801 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $95,842,157 |
| 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 $3,630,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL FUND | $600,000 |
TUFTS UNIVERSITY SCHOOL OF MEDICINE PURPOSE: GENERAL FUND | $450,000 |
MASS GENERAL HOSPITAL PURPOSE: GENERAL FUND | $430,000 |
BOSTON CHILDREN'S HOSPITAL PURPOSE: GENERAL FUND | $250,000 |
DANA FARBER CANCER INSTITUTE PURPOSE: GENERAL FUND | $225,000 |
BETH ISRAEL LAHEY HEALTH PURPOSE: GENERAL FUND | $220,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |