Ain Family Foundation Inc
Ain Family Foundation Inc is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 1 grant totaling $940. Net investment income was $62K.
Ain Family Foundation Inc at a glance
In short: Ain Family Foundation Inc gave $940 across 1 grant in 2024 (avg $940), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $940
- Grants made (2024)
- 1
- Average grant
- $940
- Median grant
- $940
- Total assets
- $1,939,457
- +3.0% vs 2023
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Ain Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Brandeis University ($940).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Ain Family Foundation Inc gives
- In 2024 it paid out 5% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 1 grant totaling $940.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Brandeis University Waltham, MA | Charitable | $940 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,939,457 | $61,590 | $5,698 | $940 | 1 | $5,698 | $61,590 | $114,381 |
| 2023 | $1,883,565 | $23,675 | $4,350 | — | — | $4,350 | $20,120 | $106,394 |
| 2022 | $1,864,240 | $71,275 | $3,966 | — | — | $3,850 | $67,359 | $105,201 |
| 2021 | $1,796,931 | $51,137 | $3,750 | — | — | $3,750 | $47,422 | $103,949 |
| 2020 | $1,749,544 | $-21,591 | $4,190 | — | — | — | $11,722 | $95,325 |
Under IRS private-foundation payout rules, Ain Family Foundation Inc reported a distributable amount of $114K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ain Family Foundation Inc is led by Mark S. Ain, President, Treasurer & Clerk on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mark S. Ain
President, Treasurer & Clerk
On filings since 2020
1 hr/week
No compensation reported
Adam Ain
Director
On filings since 2023
1 hr/week
No compensation reported
Cheryl Ferruccio
Director
On filings since 2023
1 hr/week
No compensation reported
Joshua Ain
Director
On filings since 2023
1 hr/week
No compensation reported
Rebecca Ain
Director
On filings since 2023
1 hr/week
No compensation reported
Former officers (1)
- Former: Carolyn C. Ain (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Ain Family Foundation Inc
How much does Ain Family Foundation Inc give each year?
Ain Family Foundation Inc gave $940 across 1 grant in 2024, according to its 2024 IRS Form 990-PF.
How large is Ain Family Foundation Inc?
Ain Family Foundation Inc reported $1.9M in total assets on its 2024 IRS Form 990-PF. It paid out $6K in qualifying distributions that year, against a required minimum of $114K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Ain Family Foundation Inc operate?
Ain Family Foundation Inc has awarded grants in Massachusetts.
What is Ain Family Foundation Inc's EIN?
Ain Family Foundation Inc's EIN (Employer Identification Number) is 27-0134065. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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