EIN 04-2104021

The Boston Foundation (TBF)

IRS 501(c) type
Num. employees
Year formed
Most recent tax filings
NTEE code, primary
The Boston Foundation, Greater Boston's community foundation, is one of the oldest and largest community foundations in the nation, with assets of $733 million.
Total revenues
Total expenses
Total assets
Num. employees

Program areas at TBF

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 Completion 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 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.

Grants made by TBF

GranteeGrant descriptionAmount
The Miami FoundationTransfer To Daf$15,000,000
Fidelity Investments Charitable Gift FundTransfer To Daf$4,730,941
AMHERST College TrusteesOperating Support/annual Fund$3,970,822
...and 977 more grants made totalling $166,686,714

Who funds The Boston Foundation (TBF)

Grants from foundations and other nonprofits
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$14,669,386
Spector FoundationThe Funds Held By the Boston Foundation Are Intended To Be Distributed To Organizations That Are Organized and Operated Exclusively for Religious, Charitable, Scientific, Literary, Or Educational Purposes.$8,500,000
The John and Mary Corcoran Family FoundationGeneral Support Scholars Program, Community Grants, Olph Mission Grammar, South Boston Academy$5,675,655
...and 153 more grants received totalling $59,236,261
Federal funding details
Federal agencyProgram nameAmount
Corporation for National and Community ServiceSOCIAL INNOVATION FUND$1,158,148

Personnel at TBF

M Lee PeltonPresident and Chief Executive Officer$419,978
Alfred F van RanstChief Financial Officer and Treasurer$408,505
Keith MahoneyVice President Communications$258,757
Jane DixonVice President of Human Resources$193,076
Orlando WatkinsVice President of Program$284,903
...and 14 more key personnel

Financials for TBF

RevenuesFYE 06/2022
Total grants, contributions, etc.$304,543,028
Program services$3,382,253
Investment income and dividends$15,045,700
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,952,210
Net income from fundraising events$-270,829
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$324,652,362

Form 990s for TBF

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-11990View PDF
2020-062021-05-18990View PDF
2019-062021-01-27990View PDF
2018-062019-06-19990View PDF
2017-062018-06-14990View PDF
...and 8 more Form 990s
Data update history
June 25, 2023
Used new vendors
Identified 3 new vendors, including , , and
May 16, 2023
Updated personnel
Identified 2 new personnel
May 10, 2023
Used new vendors
Identified 2 new vendors, including , and
May 6, 2023
Received grants
Identified 1 new grant, including a grant for $750,000 from The Vertex Foundation
August 3, 2022
Received grants
Identified 29 new grant, including a grant for $620,000 from Eastern Bank Charitable Foundation (EBCF)
Nonprofit Types
Grantmaking organizationsCommunity foundationsCharities
HealthDiseases and disordersCommunity improvement
Political advocacyOperates donor advised fundsProvides grantsLobbyingFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
75 Arlington St FL 3
Boston, MA 02116
Metro area
Boston-Cambridge-Newton, MA-NH
Suffolk County, MA
Website URL
(617) 338-1700
Facebook page
Twitter profile
IRS details
Fiscal year end
Taxreturn type
Form 990
Year formed
Eligible to receive tax-deductible contributions (Pub 78)
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
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