The Algar Foundation is a private grantmaking foundation based in Boston, Massachusetts, established in 2018. As a 501(c)(3) organization, it operates as a philanthropic entity dedicated to making grants to charitable organizations across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.2M
-2.5% YoY
Annual Giving
$858K
+84.9% YoY
Grant Count
42
-6.7% YoY
Avg Grant Size
$20K
+98.1% YoY
Grantmaking
The foundation is an active grantmaker with a broad funding approach. In 2024, it made 41 grants totaling $857,750. Grant sizes range from $2,000 to $400,000, with a median grant amount of $5,000 and an average grant size of approximately $20,100.
Grant Range
s range from $2,000 to $400,000, with a median grant amount of $5,000 and an average grant size of approximately $20,100.
Average Grant
of approximately $20,100.
Ready to take the next step with Algar Foundation?
Geographic Focus
Where this funder awards grants
The foundation funds projects across multiple U.S. cities and states, with a broad geographic reach including California, Florida, Texas, Massachusetts, New York, Vermont, Virginia, North Carolina, Hawaii, Illinois, and Washington, D.C., among others.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending December 2024:
- Total Assets: $12,158,866
- Total Revenue: $641,831
- Total Expenses: $955,116
- Net Income: -$313,285
- Total Liabilities: $0
Revenue Composition (2024):
- Investment income and dividends: $424,524
- Net gain from sale of non-inventory assets: $217,307
Year-over-Year Changes:
- Total revenue increased 35.2% from 2023 ($474,651)
- Investment income increased 9.4% from 2023 ($388,110)
- Net gain from asset sales increased 151.1% from 2023 ($86,541)
The foundation has no employees and operates with limited paid staffing.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,158,866 | $12,468,000 | $12,549,289 |
| Revenue | $641,831 | $474,651 | $767,737 |
| Expenses | $955,116 | $565,191 | $775,907 |
| Qualifying Distributions | $887,218 | $487,712 | $684,741 |
| Net Investment Income | $578,933 | $409,172 | $690,010 |
| Distributable Amount | $718,794 | $680,300 | $703,902 |
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
194 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation operates with a volunteer leadership team:
- Diane Garthwaite — President
- A. Alexander Ridley — Treasurer
- Colin Brennan — Trustee
- Darcy Brennan Poor — Trustee
All leadership members serve without compensation, dedicating approximately 0.5 hours per week to their roles. The foundation is supported by the Ann Garthwaite Revocable Trust.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DIANE GARTHWAITE | PRESIDENT | 0.5 | — |
| A ALEXANDER RIDLEY | TREASURER | 0.5 | — |
| COLIN BRENNAN | TRUSTEE | 0.5 | — |
| DARCY BRENNAN POOR | TRUSTEE | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Charles J Tasker Memorial Scholarship Fund
HANOVER, MA
Assets
$98K
Grants
1
Total Given
$8K
Marshall M & Barbara J Sloane Pvt Found
CHESTNUT HILL, MA
Assets
$1.2M
Grants
11
Total Given
$75K
John J Mcardle Iii & Joan C Mcardle
ANDOVER, MA
Assets
$1.8M
Grants
13
Total Given
$205K
Massachusetts Association of Realtors
FOXBOROUGH, MA
Assets
$18.1M
Grants
2
Total Given
$71K
Communities for Restorative Justice
BOSTON, MA
Assets
$524K
Grants
1
Total Given
$61K
Hingham Historical Society Inc
HINGHAM, MA
Assets
$7.4M
Grants
1
Total Given
$10K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Algar Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities