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: Verified by RoundPaper

FY 2023

Verified NonprofitLast Filed 2023EIN 04-2104021

Boston Foundation Inc

BOSTON, MANTEE: T310Founded 1915Website

mission statement

As Greater Boston's community foundation, the Boston Foundation devotes its resources to improving lives and strengthening communities. The Boston Foundation is committed to closing the gaps on this region's greatest disparities. Through our resources and relationships we work to open pathways to opportunity and build and sustain vital, prosperous and equitable communities.The Foundation fulfills this mission in three principal ways: (1) Working with nonprofit organizations through grantmaking and deep partnership to address our community's critical challenges;(2) Partnering with donors, nonprofit organizations, and companies to pursue philanthropy that is not only effective, but values-aligned and fulfilling; and (3) Utilizing civic leadership and engagement, through research, convening, and advocacy to advance justice and equity in Greater Boston.

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Total Revenue

$210.4M

FY 2023

Program Spending

89.8%

of total expenses

Known Funders

324

2019–2024 filings

Key Metrics (FY 2023)

The Numbers

$1.9B

Total Assets

$1.8B net

102.32 mo

Operating Reserves

FY 2023

+30%

Revenue Growth

YoY

174

Total Employees

FY 2023

Funding Track Record

Backed by 324 Institutional Funders

$329.3M raised across 908 grants · +$15.9M committed (2019–2024 filings)

Funder Geography

Funders across 34 states (2019–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
Fidelity Investments Charitable Gift Fund	BOSTON, MA	$72,672,310
Spector Foundation	BOSTON, MA	$27,000,000
P M Allen Family Foundation	HANOVER, NH	$23,900,000
Foundation to Promote Open Society	NEW YORK, NY	$20,000,000
The John and Mary Corcoran Family Foundation	BRAINTREE, MA	$15,682,407
James M and Cathleen D Stone Family Foundation Inc	BOSTON, MA	$12,646,000
The Furtherance Fund Inc	NEW YORK, NY	$11,466,697
The Ralph C Wilson Jr Foundation	DETROIT, MI	$10,146,959 +$8,593,175 committed
The 300 Foundation	BOSTON, MA	$9,964,725
Barr Foundation	BOSTON, MA	$8,252,567

Total tracked: $329,304,036 across 908 grants · +$15,852,711 committed across 30 commitments (2019–2024 filings)

Programs (FY 2023)

What They Do

$193.4M in expenses

Major goals and objectives:We have chosen four interconnected pathways to equity where we believe we can have the greatest impact. See Schedule O-Child Well Being: Ensure that children are physically and emotionally healthy, developmentally on track and well prepared to thrive in school and adulthood.-Economic Opportunity: Every resident will have equitable access to high-quality career exploration and education opportunities, resources, tools and supports.-Community Wealth: Traditionally under-invested residents will build stability and individual and collective wealth through more equitable housing, business and creative systems.-Community Leadership: Movement leaders are equipped to provide crucial leadership and support for marginalized communities and nonprofit organizations.

— in expenses

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.

Financial History