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Nonprofit · EIN 04-6878795

THE JAKET FOUNDATION

Also known as GROSS PHILLIP T TTEE

Tax-exempt · BOSTON, MA 02110

Financials

$30.3M$16.1M2023$22.5M$19.4M2024
Revenue Expenses · by fiscal year end
Financials of THE JAKET FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$22,515,167$19,422,583$3,092,584$129,709,833$0$129,709,833
December 31, 2023990-PF$30,326,216$16,099,142$14,227,074$109,895,331$0$109,895,331
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,000,000
Dividends
$4,422,565
Net gain from sales of assets
$3,235,535
Other income
$9,857,067

Expenses

Grants and similar amounts paid
$15,163,961
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$15,397,714
Excise tax on investment income
$187,213

Balance sheet and other

Total assets, start of year
$109,895,331
Total assets, end of year
$129,709,833
Total liabilities, end of year
$0
Net assets, end of year
$129,709,833
Fair market value of assets
$218,849,956
Qualifying distributions
$15,397,714
Net investment income
$17,456,417

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-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
PHILLIP T GROSS
C/O HOWLAND CAPITAL 75 FEDERAL ST, SUITE 1100, BOSTON, MA 02110
TRUSTEE1$0
ELIZABETH COCHARY GROSS
C/O HOWLAND CAPITAL 75 FEDERAL ST, SUITE 1100, BOSTON, MA 02110
TRUSTEE1$0
CHARLES E CLAPP III
C/O HOWLAND CAPITAL 75 FEDERAL ST, SUITE 1100, BOSTON, MA 02110
TRUSTEE1$0
THOMAS V QUIRK
C/O HOWLAND CAPITAL 75 FEDERAL ST, SUITE 1100, BOSTON, MA 02110
TRUSTEE1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
PHILLIP T GROSS
C/O HOWLAND CAPITAL 75 FEDERAL ST, SUITE 1100, BOSTON, MA 02110
TRUSTEE1$0
ELIZABETH COCHARY GROSS
C/O HOWLAND CAPITAL 75 FEDERAL ST, SUITE 1100, BOSTON, MA 02110
TRUSTEE1$0
CHARLES E CLAPP III
C/O HOWLAND CAPITAL 75 FEDERAL ST, SUITE 1100, BOSTON, MA 02110
TRUSTEE1$0
THOMAS V QUIRK
C/O HOWLAND CAPITAL 75 FEDERAL ST, SUITE 1100, BOSTON, MA 02110
TRUSTEE1$0

Address and contacts

Address (IRS master file)
CO HCM 75 FEDERAL ST 1100, BOSTON, MA 02110-0000
In care of
% HOWLAN
Signed the 990-PF
CHARLES E CLAPP III, TRUSTEE
Phone
(617) 357-9110
Return prepared by
AAFCPAS INC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
04-6878795
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2000
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$129,709,833
Income (IRS master file)
$30,111,143

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$22,515,167$19,422,583$129,709,833XML
990-TDecember 2024–––IRS
990-PFDecember 2023$30,326,216$16,099,142$109,895,331XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––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 04-6878795).

Questions about THE JAKET FOUNDATION

What is the EIN of THE JAKET FOUNDATION?
The employer identification number (EIN) of THE JAKET FOUNDATION is 04-6878795.
Is THE JAKET FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to THE JAKET FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE JAKET FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of THE JAKET FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE JAKET FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of THE JAKET FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does THE JAKET FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $22,515,167, expenses of $19,422,583 and total assets of $129,709,833 at year end.

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