The Poss Family Foundation

Organization Overview

The Poss Family Foundation is located in Brookline, MA. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Poss Family 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, Poss Family Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Poss Family Foundation has awarded 21 individual grants totaling $5,663,930. 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 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $6,500
Interest on Savings $0
Dividends & Interest $72,569
Net Rental Income$0
Net Gain on Sale of Assets $1,433,406
Capital Gain Net Income $1,433,406
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,512,475

Grants Awarded

Over the last fiscal year, The Poss Family Foundation has awarded $2,645,000 in support to 9 organizations.

Grant RecipientAmount

THE ALGEBRA PROJECT INC

Org PageRecipient Profile

Cambridge, MA

PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE

$500,000

CENTER FOR ARTS DESIGN & SOCIAL RESEARCH

Org PageRecipient Profile

Wayland, MA

PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE

$500,000

NEW YORK LIVE ARTS

Org PageRecipient Profile

New York, NY

PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE

$450,000

THE THEATRE OFFENSIVE

PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE

$350,000

THE INSTITUTE OF CONTEMPORARY ART

Org PageRecipient Profile

Boston, MA

PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE

$350,000

THE YOUNG PEOPLE'S THEATRE PROJECT

Org PageRecipient Profile

Portland, OR

PURPOSE: TO PROMOTE ITS CHARITABLE PURPOSE

$200,000
View Grant Profile

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