Boston Foundation Inc

Organization Overview

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 06/2021, Boston Foundation Inc employed 129 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 6 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $198.3m during the year ending 06/2021. While expenses have increased by 8.4% per year over the past 6 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 17,826 individual grants totaling $1,161,228,648. 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.

Mission & Program ActivityExcerpts From the 990T 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:

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 TO CAREER 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- STRESS AND 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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Boathouse Group Inc
Marketing Services
$326,941
Kpmg Llp
Audit & Tax Services
$227,500
Mass Design Group Ltd
Design Services
$490,035
Ernst & Young Llp
Educational Consulting
$450,000
Prime Buchholz & Associates
Investment Advising
$374,264
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$3,526,100
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$304,959,164
Noncash contributions included in lines 1a–1f $90,284,619
Total Revenue from Contributions, Gifts, Grants & Similar$308,485,264
Total Program Service Revenue$3,010,557
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

Grants Awarded

Over the last fiscal year, Boston Foundation Inc has awarded $158,267,559 in support to 2,259 organizations.

Grant RecipientAmount

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Org PageRecipient Profile

Cambridge, MA

PURPOSE: Operating Support/Annual Fund

$5,205,648

Boston, MA

PURPOSE: Operating Support/Annual Fund

$3,133,000

NORTHEASTERN UNIVERSITY

Org PageRecipient Profile

Boston, MA

PURPOSE: Operating Support/Annual Fund

$3,002,500

NATIONAL PHILANTHROPIC TRUST

Org PageRecipient Profile

Jenkintown, PA

PURPOSE: Transfer to DAF

$2,829,177

SHARE WINTER FOUNDATION

Org PageRecipient Profile

Providence, RI

PURPOSE: Operating Support/Annual Fund

$2,713,800

MASSACHUSETTS GENERAL HOSPITAL

Org PageRecipient Profile

Somerville, MA

PURPOSE: Operating Support/Annual Fund

$2,628,606
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Boston Foundation Inc has recieved totaling $828,605.

Awarding OrganizationAmount
Longfield Family Foundation Inc

Cambridge, MA

PURPOSE: TO ACHIEVE HIGH-IMPACT PHILANTHROPY IN CONJUNCTION WITH THE ORGANIZATION'S MISSION.

$512,922
Longfield Family Foundation Inc

Cambridge, MA

PURPOSE: TO ACHIEVE HIGH-IMPACT PHILANTHROPY IN CONJUNCTION WITH THE ORGANIZATION'S MISSION.

$315,183
Alchemy Foundation

Cambridge, MA

PURPOSE: GENERAL SUPPORT

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$452,259,930
Earnings$147,671,530
Admin Expense$5,606,766
Net Contributions$355,415
Other Expense$5,920,843
Grants$13,620,762
Ending Balance$575,138,504

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