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Boston Foundation INC

Public charity990-T FY2023
Foundations · BOSTON, MA · EIN 04-2104021

About

As Greater Boston's community foundation, the Boston Foundation devotes its resources to 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.

Donations are tax-deductible
Category
Foundations
Employees
170
Volunteers
250

Financial Snapshot

FY ending 2023-06-30
Revenue
$161.3M
Expenses
$209.9M
Assets
$1.7B
Liabilities
$20.5M

Financial history

$324.7M$162.3M$0
1617181920212223
RevenueExpenses
Latest FY2023: $161.3M · Peak FY2022: $324.7M · Avg: $199.6M

Foreign activity (Schedule F)

Total spent abroad$48.6M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,——
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,——
Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium——
South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,——
Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso,——
Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium——
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,——
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,——
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,——

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
—
Lobbying
$52K
Grants Given
$176.4M
BOSTON FOUNDATION INC
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Address

75 Arlington Street
Boston, MA, 02116-393

Governance

Voting board members19
Independent members19
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %5.4%
Permanent endowment %46.3%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
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