Alchemy Foundation is a private foundation based in Cambridge, Massachusetts. The organization is designated as a 501(c)(3) nonprofit and has been tax-exempt since February 2001. It operates as a grantmaking foundation focused on supporting philanthropic initiatives and community development.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$80K
-97.1% YoY
Annual Giving
$3.1M
+110.6% YoY
Grant Count
138
-22.0% YoY
Avg Grant Size
$23K
+170.1% YoY
Under IRS private-foundation payout rules, Alchemy Foundation reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Alchemy Foundation's grantmaking priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation has no currently live grant opportunities listed.
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Geographic Focus
Where this funder awards grants
Alchemy Foundation primarily directs its grantmaking toward organizations in:
- Massachusetts
- New York
- District of Columbia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total assets: $79,519
- Total giving: $3,147,242
- Annual revenue: $329,000
- Annual expenses: $3,160,000
- Total liabilities: $0
The foundation's financial data is sourced from IRS Form 990 filings, with records available from 2011 to 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $79,519 | $2,719,876 | $3,335,381 |
| Revenue | $328,662 | $124,303 | $13,883 |
| Expenses | $3,162,720 | $1,509,792 | $455,051 |
| Qualifying Distributions | $3,154,077 | $1,499,737 | $443,212 |
| Net Investment Income | $120,019 | $113,761 | $32,659 |
| Distributable Amount | $56,962 | $160,011 | $189,453 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boston Symphony Orchestra Inc ($292,660), Arnold Arboretum of Harvard University ($255,624), Boston Medical Center Corporation ($125,831).
| Recipient | Purpose | Amount |
|---|---|---|
| AARP Foundation Washington, DC | General Support | $15 |
| American Cancer Society Inc Kennesaw, GA | General Support | $100 |
| American Civil Liberties Union Foundation Inc New York, NY | General Support | $2,000 |
| American Civil Liberties Union Foundation of Massachusetts Boston, MA | General Support | $5,000 |
| American Friends Service Committee Philadelphia, PA | General Support | $8,000 |
| American Immigration Council Washington, DC | General Support | $5,000 |
| American Macular Degeneration Foundation Northampton, MA | General Support | $100 |
| American Red Cross Washington, DC | General Support | $6,000 |
| American Repertory Theater of Western New York Inc Buffalo, NY | General Support | $5,000 |
| Amnesty International USA Inc New York, NY | General Support | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kyra Montagu | Trustee | 1 | — |
| Dominic D Montagu | Trustee | 1 | — |
| Sasha A Montagu | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Alchemy Foundation fund?
Alchemy Foundation's grantmaking priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Alchemy Foundation?
**Financial Capacity:** • Total assets: $79,519 (as of 2024) • Total giving: $3,147,242 (2024) • Typical grant awards range from $15 to $1,004,633 **Grant Activity:** The foundation has no currently live grant opportunities listed.
Where does Alchemy Foundation make grants?
Alchemy Foundation primarily directs its grantmaking toward organizations in: • Massachusetts • New York • District of Columbia
What size grants does Alchemy Foundation award?
In 2024, Alchemy Foundation awarded 138 grants totaling $3.1M — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Alchemy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Alchemy Foundation reported a distributable amount of $57K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Alchemy Foundation's EIN?
Alchemy Foundation's EIN (Employer Identification Number) is 04-3541830. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Alchemy Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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