The Boston Foundation

We bring people and resources together to solve Boston’s big problems.

aka TBF   |   Boston, MA   |  https://www.tbf.org

Mission

As Greater Boston's community foundation, the Boston Foundation devotes its resources to building and sustaining a vital, prosperous city and region, where justice and opportunity are extended to everyone. We fulfill this mission in three principal ways: -Making grants to nonprofit organizations and designing special funding initiatives to address the community's critical challenges; -Working in partnership with donors and other funders to achieve high-impact philanthropy; and -Serving as a civic hub and center of information, where ideas are shared, levers for change identified, and common agendas for the future are developed.

Ruling year info

1997

Principal Officer

Mr. Lee Pelton

Main address

75 Arlington Street, 3rd Floor

Boston, MA 02116 USA

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Formerly known as

Greater Boston Foundation

EIN

04-2104021

NTEE code info

Community Foundations (T31)

Community Improvement, Capacity Building N.E.C. (S99)

Public Foundations (T30)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Blog

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Donor Advised Funds

As part of its mission, the Boston Foundation works with donors to enhance the impact of their charitable giving. The Foundation does this primarily through its Donor Advised Fund program. A Donor Advised Fund is a flexible giving account that enables a donor to make a charitable contribution, and then make grant recommendations to support his or her favorite charitable programs. There are several advantages to establishing a Donor Advised Fund: they are simple to establish and to use; with one contribution the donor can support multiple charities; and the donor receives the maximum charitable tax deduction allowed for any type of asset given. The Boston Foundation provides grant services, information and expertise to assist donors in maximizing the impact of their Donor Advised Funds.

Population(s) Served
Adults

The Civic Leadership Fund (CLF) at the Boston Foundation provides the crucial resources the Foundation needs to tackle some of our region's biggest challenges through a wide range of civic leadership activities. It allows the Foundation to produce and disseminate in-depth reports from area colleges and think tanks, highlight trends and issues that are having a profound impact on all aspects of our community, promote informed public discourse around these issues through a series of forums that attracts thousands every year and convene major task forces of community leaders in the private and public sectors to identify new and effective solutions and influence public policy. In short, the CLF fuels the Foundation's role as a vibrant place where information, knowledge, resources and influence come together for the greater good of our region.

Population(s) Served
Adults

The Boston Foundation is committed to having a profound impact on important areas of community life in Greater Boston. To achieve this overarching goal, it invests in the critical work of nonprofit organizations throughout Greater Boston via $16 million per year in discretionary grant making, and works with partners in all sectors to create special initiatives that address additional unmet needs. Currently, the Foundation's grant making focuses on: Education, Health and Wellness, Jobs and Economic Development, Neighborhoods and Housing and Arts and Culture, as well as two crosscutting areas: one on nonprofit effectiveness and another on grassroots programming. It also has a special ""Open Door Grant-Making Program,"" to support new ideas in keeping with its history of being ""There at the Beginning"" with critical early support for innovation plans and organizations. One of the Foundation's signature special initiatives is Success Boston: in concert with the City of Boston, the Boston Public Schools and scores of area colleges and universities, this special initiative focuses on increasing the number of Boston Public Schools graduates who complete college. Since the initiative was launched in 2008, it has increased college completion rates of BPS graduates from 35.5% to 51.3%. The Foundation also received $6 million in Social Innovation Funding from the White House to expand the initiative to serve 1,000 students a year.

Population(s) Served
Adults

The Boston Foundation partners with donors to establish legacy funds for the betterment of Greater Boston. These funds together are known as the Permanent Fund for Boston, which currently has more than $300 million in assets. The Foundation seeks to build and strengthen the Permanent Fund for Boston, which provides the resources the Foundation needs to respond nimbly to Greater Boston's most critical needs. This will allow the Foundation to deepen considerably its capacity to practice innovative philanthropy today and in the decades to come. Today, $16 million in grants from the Permanent Fund for Boston benefit all areas of community life, including Education, Health and Wellness, Jobs and Economic Development, Neighborhoods and Housing and Arts and Culture. Setting up a named fund within the Permanent Fund for Boston and including the Boston Foundation in your estate planning is quick and easy and does not require changing your will.

Population(s) Served
Adults

The Philanthropic Initiative at the Boston Foundation is a leading provider of customized philanthropic advice and counsel to high net worth individuals, families, foundations and corporations nationally and globally. Its goal is to help clients invest in their values and passions for maximum impact by designing, implementing and evaluating customized philanthropic strategies and programs. TPI's Services *Family philanthropy services *Customized research on programs and issues *Grants program design including: -Requests for proposals -Proposal review -Site visits -Grant recommendations *Strategic planning & facilitation for families and individuals *Services for corporate giving programs Examples of TPI's Work TPI worked with both the second and third generations of a Boston family to develop effective governance and grant making strategies, including supporting the G3 generation grant making focused on education. TPI provided an assessment of a corporate philanthropy and community relations effort, facilitated an idea lab, and developed scenarios for sharpening or modifying the strategic framework of a New England based national corporate philanthropy program. TPI Services for Foundations & Corporations *Strategic planning for grant-making programs *Consultation on foundation governance & management issues *Grants program design & implementation Consultation on international grant making *Easy to establish Donor Advised Funds

Population(s) Served
Adults

The New Commonwealth Racial Equity and Social Justice Fund was founded by a coalition of Massachusetts Black and Brown executives for the sole purpose of leveraging our individual and collective power to work together with community organizations to make transformative societal changes by addressing systemic racism and racial inequity in Massachusetts.

The mission of the Fund is to provide essential support, resources and thought leadership for uncovering and dismantling systemic racism and all of its various and insidious forms, within institutions in Boston and across the other 350 cities and towns in the Commonwealth of Massachusetts.

The initial focus of the Fund will be to provide resources to initiatives and nonprofit organizations effectively supporting communities of color in the following areas:
•Policing and Criminal Justice Reform
•Health Care Equity
•Economic Empowerment
•Youth Education, Empowerment, and Civic Engagement

Population(s) Served
Adults

Where we work

Accreditations

Council on Foundations Accredited

Financials

The Boston Foundation
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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The Boston Foundation

Board of directors
as of 8/18/2021
SOURCE: Self-reported by organization
Board chair

Ms. Linda Mason

Co-Founder, Bright Horizons

Term: 2019 - 2024

Lee Pelton

The Boston Foundation

Peter Nessen

Nessen Associates

Paul Gannon

Retired

Myechia Minter-Jordan

President and CEO, CareQuest Institute for Oral Health

Paul Lee

Goodwin Procter LLP

Ronald O'Hanley

Chairman and CEO, State Street Corp.

Linda Mason

Co-Founder, Bright Horizons

Zamawa Arenas

Founder and CEO, Flowetik

Keith Motley

Former Chancellor, University of Massachusetts Boston

Scott Squillace

Principal and Founder, Squillace & Associates, P.C.

Brian Conway

Chairman and Managing Partner, TA Associates

Andrew Arnott

President and Chief Executive Officer, John Hancock Investments,

C.A. Webb

President, Kendall Sq. Association

Vanessa Calderón-Rosado

CEO, Inquilinos Boricuas en Acción

Elyse Cherry

CEO, BlueHub Capital

Pamela Eddinger

President, Bunker Hill Community College

Betty Francisco

CEO, Boston Impact Initiative

Tracy Palandjian

CEO, Social Finance

Dwight Poler

Senior Advisor, Bain Capital

T.J. Rose

Partner, Abry Partners

Kate Walsh

President and CEO, BMC Health System

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 07/22/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American/African
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data