Nonprofit · EIN 04-2104021
BOSTON FOUNDATION INC
Tax-exempt · BOSTON, MA 02116
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $426,656,046 | $279,853,597 | $146,802,449 | $2,145,008,944 | $15,406,146 | $2,129,602,798 |
| June 30, 2024 | 990 | $210,389,550 | $215,292,419 | -$4,902,869 | $1,853,183,611 | $17,541,332 | $1,835,642,279 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $388,584,103
- Program service revenue
- $3,977,796
- Investment income
- $34,036,201
- Net gain from sales of assets
- $7,080,910
- Net income from fundraising events
- $57,946
- Other revenue
- $57,946
Expenses
- Grants and similar amounts paid
- $246,453,204
- Compensation of officers, directors and key employees
- $3,713,287
- Other salaries and wages
- $13,052,917
- Salaries, compensation and benefits (total)
- $20,150,710
- Professional fundraising fees
- $0
- Legal fees
- $311,595
- Accounting fees
- $347,917
- Occupancy
- $1,557,480
- Depreciation
- $404,211
- Program services (functional)
- $257,819,843
- Management and general (functional)
- $18,014,690
- Fundraising (functional)
- $4,019,064
Balance sheet and other
- Total assets, start of year
- $1,853,183,611
- Total assets, end of year
- $2,145,008,944
- Total liabilities, end of year
- $15,406,146
- Net assets, end of year
- $2,129,602,798
- Land, buildings and equipment
- $1,717,252
- Publicly traded securities
- $1,221,810,594
- Net assets without donor restrictions
- $1,542,562,859
- Net assets with donor restrictions
- $587,039,939
- Gross unrelated business income
- $296,276
- Gross receipts
- $889,223,012
- Employees
- 157
- Volunteers
- 260
- Year formed
- 1915
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| M Lee Pelton | President & CEO Officer | 50 | $844,144 | $71,710 |
| Kate Guedj | SVP and Chief Phil. Off. Key employee | 50 | $400,579 | $68,662 |
| George C Wilson | Assistant Treasurer Officer | 50 | $409,291 | $51,773 |
| Alfred F Van Ranst Jr | Frmr CFO&Treasurer Former | 0 | $442,569 | $6,597 |
| Brian Douglas | CFO & Treasurer Officer | 50 | $394,571 | $33,828 |
| Keith Mahoney | VP, Comm. & Public Affairs Key employee | 50 | $308,118 | $59,222 |
| Orlando Watkins | VP & Chief Prog. Officer Key employee | 50 | $341,254 | $20,869 |
| Leigh Gasper | Asst.Sec.& VP Officer | 40 | $254,949 | $41,582 |
| Leslie Pine | Mgr Partner, TPI Key employee | 50 | $256,583 | $33,063 |
| Jane Dixon | VP, HR & Culture and Talent Highest-paid employee | 50 | $258,322 | $23,393 |
| Nalia Bolus | VP&Dir of the Campaign for a Greater Boston Highest-paid employee | 40 | $249,219 | $2,987 |
| Margaret Alexander | Partner, TPI Highest-paid employee | 50 | $196,547 | $48,911 |
| Rupal Dandia | VP Development/Deshpande Highest-paid employee | 40 | $201,470 | $12,530 |
| Soni Gupta | Associate VP Programs Highest-paid employee | 50 | $196,190 | $12,149 |
| Kristen O'Connell | Secretary (1/3/24-11/8/24) Officer | 40 | $110,682 | $12,404 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kendall Stanley | Secretary (4/3/25-present) Officer | 40 | $0 |
| Dwight Poler | Chair Trustee or director | 1 | $0 |
| Charles Anderson | Director Trustee or director | 1 | $0 |
| Andrew Arnott | Director Trustee or director | 1 | $0 |
| Raja Bobbili | Director Trustee or director | 1 | $0 |
| Kendall Burlin Oconnell | Director Trustee or director | 1 | $0 |
| Vanessa Calderon Rosado | Director Trustee or director | 1 | $0 |
| Elyse Cherry | Director Trustee or director | 1 | $0 |
| Petrina Martin Cherry | Director Trustee or director | 1 | $0 |
| Brian Conway | Director Trustee or director | 1 | $0 |
| Pam Eddinger | Director Trustee or director | 1 | $0 |
| Betty Francisco | Director Trustee or director | 1 | $0 |
| Tracy Palandjian | Director Trustee or director | 1 | $0 |
| Raj Sharma | Director Trustee or director | 1 | $0 |
| Jane Steinmetz | Director Trustee or director | 1 | $0 |
| Rob Waldron | Director Trustee or director | 1 | $0 |
| CA Webb | Director Trustee or director | 1 | $0 |
| Elaine Zecher | Director Trustee or director | 1 | $0 |
| J Keith Motley | Director Trustee or director | 1 | $0 |
| Zamawa Arenas | Director Trustee or director | 1 | $0 |
| Scott Squillace | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 38 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| M Lee Pelton | President & CEO Officer | 50 | $806,009 | $69,807 |
| Kate Guedj | SVP and Chief Phil. Off. Key employee | 50 | $392,052 | $66,246 |
| George C Wilson | Assistant Treasurer Officer | 50 | $392,677 | $62,068 |
| Alfred F Van Ranst Jr | CFO & Treasurer (7/1/23-2/26/24) Officer | 50 | $400,830 | $23,894 |
| Orlando Watkins | VP & Chief Prog. Officer Key employee | 50 | $335,194 | $20,925 |
| Keith Mahoney | VP, Comm. & Public Affairs Key employee | 50 | $310,047 | $30,801 |
| Imari Paris-Jefferies | Exec. Dir. Embrace Boston Key employee | 50 | $264,625 | $56,109 |
| Leigh Gasper | Asst.Sec.& VP Officer | 40 | $250,841 | $41,869 |
| Leslie Pine | Mgr Partner, TPI Key employee | 50 | $246,761 | $30,109 |
| Jane Dixon | VP, HR & Culture and Talent Highest-paid employee | 50 | $251,727 | $23,415 |
| Jennifer Aronson | Deputy VP of Programs Highest-paid employee | 50 | $196,526 | $49,542 |
| Margaret Alexander | Partner, TPI Highest-paid employee | 50 | $191,824 | $48,866 |
| Pam Hurd | Sr. Dir. Philanthropy Highest-paid employee | 50 | $197,492 | $37,205 |
| Barbara Hindley | Frmr Asst. Secretary/AVP C Former | 40 | $193,440 | $28,239 |
| Rupal Dandia | VP Development/Deshpande Highest-paid employee | 40 | $190,358 | $9,856 |
| Makeeba McCreary | Exec. Dir. NCF Key employee | 50 | $174,210 | $17,562 |
| Kristen O'Connell | Secretary (1/3/24-present) Officer | 40 | $0 | $0 |
| Brian Douglas | CFO & Treasurer (2/26/24-present) Officer | 50 | $0 | $0 |
| Charles Anderson | Director Trustee or director | 1 | $0 | $0 |
| Zamawa Arenas | Director Trustee or director | 1 | $0 | $0 |
| Andrew Arnott | Director Trustee or director | 1 | $0 | $0 |
| Vanessa Calderon-Rosado | Director Trustee or director | 1 | $0 | $0 |
| Elyse Cherry | Director Trustee or director | 1 | $0 | $0 |
| Petrina Martin Cherry | Director Trustee or director | 1 | $0 | $0 |
| Brian Conway | Director Trustee or director | 1 | $0 | $0 |
| Pam Y Eddinger | Director Trustee or director | 1 | $0 | $0 |
| Betty Francisco | Director Trustee or director | 1 | $0 | $0 |
| Linda Mason | Chair Trustee or director | 1 | $0 | $0 |
| J Keith Motley | Director Trustee or director | 1 | $0 | $0 |
| Kendall Burlin O'Connell | Director Trustee or director | 1 | $0 | $0 |
| Ronald O'Hanley | Director Trustee or director | 1 | $0 | $0 |
| Tracy Palandjian | Director Trustee or director | 1 | $0 | $0 |
| Dwight M Poler | Director Trustee or director | 1 | $0 | $0 |
| Raj Sharma | Director Trustee or director | 1 | $0 | $0 |
| Scott E Squillace | Director Trustee or director | 1 | $0 | $0 |
| Jane Steinmetz | Director Trustee or director | 1 | $0 | $0 |
| Robert Waldron | Director Trustee or director | 1 | $0 | $0 |
| CA Webb | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 75 ARLINGTON STREET, BOSTON, MA 02116-3936
- Principal officer (990 for 2024)
- M Lee Pelton, 75 Arlington Street Floor 3, Boston, MA 021163936
- Signed the 990
- Brian Douglas, CFO & Treasurer
- Phone
- (617) 338-1700
- Website
- www.tbf.org
- Return prepared by
- KPMG LLP
Mission
As Greater Boston's community foundation, the Boston Foundation devotes its resources to expanding opportunities, improving lives and strengthening communities. See Schedule OThe 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.
Program accomplishments
- 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.Expenses $257,819,843 · grants $246,453,204
- 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.revenue $3,977,796
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2104021
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $2,145,008,944
- Income (IRS master file)
- $889,223,012
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $426,656,046 | $279,853,597 | $2,145,008,944 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $210,389,550 | $215,292,419 | $1,853,183,611 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $161,296,905 | $209,895,497 | $1,708,597,273 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $324,652,362 | $228,370,471 | $1,673,670,064 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2104021).
Questions about BOSTON FOUNDATION INC
- What is the EIN of BOSTON FOUNDATION INC?
- The employer identification number (EIN) of BOSTON FOUNDATION INC is 04-2104021.
- Is BOSTON FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to BOSTON FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BOSTON FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BOSTON FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BOSTON FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BOSTON FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names M Lee Pelton.
- Who are the officers and directors of BOSTON FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 36 people; 15 received compensation from the organization, the highest $844,144 (M Lee Pelton, President & CEO).
- How much revenue does BOSTON FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $426,656,046, expenses of $279,853,597 and total assets of $2,145,008,944 at year end.
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All nonprofits in BOSTON · Massachusetts · Philanthropy, voluntarism and grantmaking foundations