Womens Foundation Of Boston Inc

Organization Overview

Womens Foundation Of Boston Inc is located in Boston, MA. The organization was established in 2017. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Foundation Of Boston 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 12/2021, Womens Foundation Of Boston Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $757.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Womens Foundation Of Boston Inc has awarded 42 individual grants totaling $1,806,113. 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ECONOMIC ADVANCEMENT, LEADERSHIP AND FINANCIAL INDEPENDENCE OF WOMEN AND GIRLS IN THE GREATER BOSTON AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE WOMEN'S FOUNDATION OF BOSTON, INC. IS A NONPROFIT PUBLIC CHARITY THAT CREATES, FUNDS, AND ACCELERATES HIGH-IMPACT ECONOMIC AND LEADERSHIP PROGRAMS THAT EQUIP GREATER BOSTON WOMEN AND GIRLS TO BE FINANCIALLY INDEPENDENT AND SUCCESSFUL LEADERS. WFB IS BECOMING THE PRIMARY VEHICLE FOR INVESTING IN WOMEN AND GIRLS IN GREATER BOSTON AND IS BUILDING A FAST-GROWING NETWORK OF FEMALE NONPROFIT AND BUSINESS LEADERS.WFB AWARDS HIGH-IMPACT GRANTS TO NONPROFITS THAT ECONOMICALLY EMPOWER WOMEN AND GIRLS IN GREATER BOSTON. THE GRANTS TARGET NEW PROGRAMS OR NEW GROUPS SERVED BY THE EXPANSION OF EXISTING PROGRAMS AND HAVE A TRANSFORMATIVE EFFECT ON THE GRANTEE NONPROFITS AND THEIR BENEFICIARIES. GRANTS TYPICALLY RANGE FROM $10,000 TO $50,000 ANNUALLY FOR ONE TO FIVE YEARS. DURING THE YEARS ENDED DECEMBER 31, 2021 AND 2020, WFB AWARDED GRANTS TOTALING $1.25 MILLION TO EIGHTEEN LOCAL NONPROFITS WHOSE MISSIONS ALIGN WITH THE WFB'S FOCUS AREAS. DURING 2021 AND 2020, GRANT AWARDS ALSO INCLUDED FUNDS SPECIFICALLY DESIGNATED FOR COVID-19 RELIEF FOR GREATER BOSTON WOMEN AND GIRL-SERVING NONPROFITS.WFB CREATES AND OPERATES PROGRAMS INCLUDING: THE WOMEN'S NONPROFIT NETWORK ("WINN"), A PARTNERSHIP WITH THE RED SOX FOUNDATION TO CONVENE AND CONNECT WOMEN LEADERS OF LOCAL NONPROFITS IN ORDER TO PROMOTE SHARING OF BEST PRACTICES, STRATEGIES AND RESOURCES, AND ADVANCE LEADERSHIP AND MENTORSHIP; AND THE YOUNG WOMEN'S LEADERSHIP PROGRAM, A YEAR-LONG PROFESSIONAL DEVELOPMENT PROGRAM FOR BOSTON'S NEXT GENERATION OF NONPROFIT WOMEN LEADERS.ECONOMIC EMPOWERMENT:WOMEN'S ECONOMIC EMPOWERMENT IS CRUCIAL TO COMMUNITY ECONOMIC LIFE, WITH FINANCIAL INDEPENDENCE FOR WOMEN AS AN ESSENTIAL FIRST STEP. THE WOMEN'S FOUNDATION OF BOSTON FUNDS PROGRAMS IN FINANCIAL LITERACY, SALARY NEGOTIATION, JOB TRAINING AND MORE.EDUCATION:THE WOMEN'S FOUNDATION OF BOSTON FUNDS EDUCATION AND ENRICHMENT INITIATIVES THAT INSPIRE AND EQUIP WOMEN AND GIRLS TO EXPAND THEIR EDUCATIONAL AND PROFESSIONAL OPPORTUNITIES, PARTICULARLY IN HIGHER-PAYING FIELDS LIKE STEM WHERE THEY ARE UNDERREPRESENTED.LEADERSHIP:LEADERSHIP DEVELOPMENT STARTS EARLY AND GROWS THROUGHOUT LIFE. WFB CREATES AND FUNDS PROGRAMS THAT BUILD CONFIDENCE AND CHARACTER, ENCOURAGE EXPLORATION, FORGE MENTORSHIPS AND NETWORKS, AND EXPAND OPPORTUNITIES AT ALL AGES. WFB CREATED AND OPERATES PROGRAMS WHICH PROMOTE FEMALE NON-PROFIT LEADERSHIP IN GREATER BOSTON THROUGH ITS YOUNG WOMEN'S LEADERSHIP PROGRAM, AND WOMEN IN NONPROFIT NETWORK.


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Board, Officers & Key Employees

Name (title)Compensation
Christina Gordon
President/ceo
$0
Ami Kuan Danoff
Treasurer
$0
Patti Satterthwaite
Clerk
$0
Geraldine Acuna-Sunshine
Director
$0
Kim Boucher
Director
$0
Lori Britton
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,786,758
Noncash contributions included in lines 1a–1f $539,237
Total Revenue from Contributions, Gifts, Grants & Similar$3,786,758
Total Program Service Revenue$0
Investment income $95,589
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,882,347

Grants Awarded

Over the last fiscal year, Womens Foundation Of Boston Inc has awarded $677,719 in support to 14 organizations.

Grant RecipientAmount

SCIENCE CLUB FOR GIRLS INC

Org PageRecipient Profile

Cambridge, MA

PURPOSE: PROGRAM SUPPORT

$100,000

OUR SISTERS' SCHOOL

Org PageRecipient Profile

New Bedford, MA

PURPOSE: PROGRAM SUPPORT

$62,719

GIRLS ON THE RUN GREATER BOSTON

Org PageRecipient Profile

Boston, MA

PURPOSE: PROGRAM SUPPORT

$60,000

MOTHER CAROLINE ACADEMY AND EDUCATION CENTER

Org PageRecipient Profile

Dorchester, MA

PURPOSE: PROGRAM SUPPORT

$60,000

Needham, MA

PURPOSE: PROGRAM SUPPORT

$50,000

BIG SISTERS ASSOCIATION OF GREATER BOSTON

Org PageRecipient Profile

Boston, MA

PURPOSE: PROGRAM SUPPORT

$50,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Womens Foundation Of Boston Inc has recieved totaling $1,653.

Awarding OrganizationAmount
Scotto Laporte Charitable Foundation

Boston, MA

PURPOSE: GENERAL OPERATING SUPPORT

$1,500
Wolf & Company Charitable Foundation Inc

Boston, MA

PURPOSE: EXEMPT PURPOSE

$153
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,150,000
Earnings$140,280
Net Contributions$1,194,544
Ending Balance$3,484,824

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