Broad Reach Foundation

Organization Overview

Broad Reach Foundation is located in Boston, MA. The organization was established in 2001. 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. Broad Reach 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, Broad Reach Foundation generated $51.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $24.7m during the year ending 12/2021. While expenses have increased by 37.1% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NOT APPLICABLE


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Meghan Jeans
$86,625
Jaime Pullen
$113,250
J Arthur Greenfield & Co Llp
$55,750
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $25,601,786
Interest on Savings $0
Dividends & Interest $3,192,167
Net Rental Income$0
Net Gain on Sale of Assets $22,634,039
Capital Gain Net Income $43,680,394
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $51,427,992

Grants Awarded

Over the last fiscal year, Broad Reach Foundation has awarded $22,600,000 in support to 2 organizations.

Grant RecipientAmount

San Francisco, CA

PURPOSE: QUALIFIED CHARITABLE PURPOSES

$12,100,000

MAINE COMMUNITY FOUNDATION

PURPOSE: QUALIFIED CHARITABLE PURPOSES

$10,500,000
View Grant Profile

Peer Organizations

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