Albert N Parlin Trust Uw Art 3

BOSTON, MA EIN: 51-0150855

Albert N Parlin Trust Uw Art 3 is a private foundation, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.8M in total assets. In 2024, it awarded 1 grants totaling $534K. Net investment income was $654K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.8M

+0.7% YoY

Annual Giving

$534K

+113.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$534K

+113.4% YoY

Under IRS private-foundation payout rules, Albert N Parlin Trust Uw Art 3 reported a distributable amount of $419K for 2024 — the minimum it must pay out in qualifying distributions.

About Albert N Parlin Trust Uw Art 3

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $1.4M (100%)

States

Massachusetts

Cities

Boston

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,841,133	$3,815,984	$3,682,308
Revenue	$682,704	$444,530	$250,233
Expenses	$659,323	$312,055	$270,990
Qualifying Distributions	$581,427	$285,201	$233,378
Net Investment Income	$654,152	$417,751	$224,621
Distributable Amount	$419,017	$385,746	$385,894

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Albert N Parlin House Inc ($533,578).

Recipient	Purpose	Amount
ALBERT N PARLIN HOUSE INC BOSTON, MA	GENERAL PURPOSE	$533,578

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KURT F SOMERVILLE	TRUSTEE	0.5	$19,312
MARK B ELEFANTE	TRUSTEE	0.5	$19,312

Frequently Asked Questions

How large is Albert N Parlin Trust Uw Art 3?

As of 2024, Albert N Parlin Trust Uw Art 3 holds $3.8M in total assets with $683K in annual revenue. It awarded 1 grants totaling $534K in 2024.

Where does Albert N Parlin Trust Uw Art 3 operate?

Albert N Parlin Trust Uw Art 3 has awarded grants in Massachusetts.

What size grants does Albert N Parlin Trust Uw Art 3 award?

In 2024, Albert N Parlin Trust Uw Art 3 awarded 1 grants totaling $534K — an average of about $534K per grant, based on its IRS Form 990 filings.

How much is Albert N Parlin Trust Uw Art 3 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Albert N Parlin Trust Uw Art 3 reported a distributable amount of $419K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Albert N Parlin Trust Uw Art 3's EIN?

Albert N Parlin Trust Uw Art 3's EIN (Employer Identification Number) is 51-0150855. IRS Form 990 filing data is available on this page for 2020–2024.