Boston Foundation Inc

EIN: 042104021 501(c)(3) Philanthropy & Grantmaking

Boston, MA

Total Revenue
$161,296,905
Total Expenses
$209,895,497
Total Assets
$1,708,597,273
Net Assets
$1,688,124,910
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1915
Legal Domicile
MA
Principal Officer
M Lee Pelton
Phone
6173381700
Tax Period
2022-07-01 to 2023-06-30

Boston Foundation Inc, founded in 1915, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $161.3M in total revenue in fiscal year 2022. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $209.9M exceeded revenue, resulting in a 30% operating deficit.

Mission

As Greater Boston's community foundation, the Boston Foundation devotes its resources to improving lives and strengthening 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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $141,692,649
Program Service Revenue $3,624,559
Investment Income $17,752,422
Other Revenue $-1,772,725
TOTAL REVENUE $161,296,905

Expense Breakdown

Grants Paid $174,634,511
Salaries & Benefits $18,960,645
Fundraising Expenses $3,496,436
Program Expenses $187,093,319
Other Expenses $16,300,341
TOTAL EXPENSES $209,895,497

Year-over-Year Comparison

2022 2021 Change
Revenue $161,296,905 $324,652,362 -0.5%
Expenses $209,895,497 $228,370,471 -0.1%
Net Income $-48,598,592 $96,281,891 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
170
Volunteers
250

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$2,085,135
Total Directors
20
$0
Key Employees
6
$2,057,057
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
M Lee Pelton President & CEO 50.00
Officer
$746,956 $66,561 $813,517
George C Wilson Assistant Treasurer 50.00
Officer
$388,767 $60,622 $449,389
Kate Guedj SVP and Chief Phil. Off. 50.00
Key Emp
$381,676 $65,842 $447,518
Alfred F Van Ranst Jr CFO & Treasurer 50.00
Officer
$400,440 $36,086 $436,526
Makeeba McCreary Exec. Dir. NCF 50.00
Key Emp
$343,379 $21,849 $365,228
Keith Mahoney VP, Comm. & Public Affairs 50.00
Key Emp
$292,379 $55,104 $347,483
Orlando Watkins VP & Chief Prog. Officer 50.00
Key Emp
$319,716 $20,842 $340,558
Imari Paris-Jefferies Exec. Dir. Embrace Boston 50.00
Key Emp
$233,274 $53,585 $286,859
Leigh Gasper Asst.Sec.& VP 40.00
Officer
$240,501 $28,298 $268,799
Leslie Pine Mgr Partner, TPI 50.00
Key Emp
$240,272 $29,139 $269,411
Jane Dixon VP, HR & Culture and Talent 50.00
Highest
$238,720 $21,739 $260,459
Margaret Alexander Partner, TPI 50.00
Highest
$188,727 $48,814 $237,541
Jennifer Aronson Deputy VP of Programs 50.00
Highest
$187,972 $49,465 $237,437
Rosalyn Bonaventure Controller 50.00
Highest
$213,962 $25,973 $239,935
Pam Hurd Sr. Dir. Philanthropy 50.00
Highest
$194,998 $36,894 $231,892
Barbara Hindley Frmr Asst. Secretary/AVP C 40.00
$195,112 $27,279 $222,391
John Ho Secretary 40.00
Officer
$97,921 $18,983 $116,904
Zamawa Arenas Director 1.00
Director
$0 $0 $0
Andrew Arnott Director 1.00
Director
$0 $0 $0
Vanessa Calderon-Rosado Director 1.00
Director
$0 $0 $0
Elyse Cherry Director 1.00
Director
$0 $0 $0
Brian Conway Director 1.00
Director
$0 $0 $0
Pam Y Eddinger Director 1.00
Director
$0 $0 $0
Michael Eisenson Director 1.00
Director
$0 $0 $0
Betty Francisco Director 1.00
Director
$0 $0 $0
Paul Lee Director 1.00
Director
$0 $0 $0
Linda Mason Chair 1.00
Director
$0 $0 $0
Myechia Minter-Jordan Director 1.00
Director
$0 $0 $0
J Keith Motley Director 1.00
Director
$0 $0 $0
Ronald O'Hanley Director 1.00
Director
$0 $0 $0
Tracy Palandjian Director 1.00
Director
$0 $0 $0
Dwight M Poler Director 1.00
Director
$0 $0 $0
Raj Sharma Director 1.00
Director
$0 $0 $0
Jane Steinmetz Director 1.00
Director
$0 $0 $0
Scott E Squillace Director 1.00
Director
$0 $0 $0
Kate Walsh Director (left 2/23) 1.00
Director
$0 $0 $0
CA Webb Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $161,296,905 $209,895,497 $1,708,597,273 $-48,598,592
2022 $324,652,362 $228,370,471 $1,673,670,064 $96,281,891
2021 $325,590,260 $198,258,173 $1,683,793,346 $127,332,087
2020 $182,767,888 $240,461,702 $1,201,631,617 $-57,693,814
2019 $165,527,614 $175,809,198 $1,270,928,403 $-10,281,584
2018 $225,434,521 $150,727,991 $1,235,098,746 $74,706,530
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