Alvarium Foundation
Alvarium Foundation is a private foundation, based in Needham, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.4M in total assets. In 2024, it awarded 9 grants totaling $1.3M. Net investment income was $1.1M.
Alvarium Foundation at a glance
In short: Alvarium Foundation gave $1.3M across 9 grants in 2024 (avg $141K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,268,525
- +46.7% vs 2023
- Grants made (2024)
- 9
- +0.0% vs 2023
- Average grant
- $140,947
- +46.7% vs 2023
- Median grant
- $100,000
- Total assets
- $13,364,271
- +8.6% 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 Alvarium Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Father Bill's & Mainspring Inc ($600K). Together the top 9 received $1.3M.
Grant Size Distribution
47 grants across all recorded years
The most common grant size was in the $50–100K range: 23 grants of 47 (49%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
States
Cities
How Alvarium Foundation gives
- Giving held roughly steady from 2021 to 2024 (−17%). Method
- In 2024 it paid out 194% of its IRS minimum distribution (the 5% rule). 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
From 2020 to 2024, annual grant giving ranged from $501K (2020) to $1.5M (2021). In 2024 it made 9 grants totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Father Bill's & Mainspring Inc Brockton, MA | Charitable | $600,000 |
| Massachusetts Audubon Society Inc Lincoln, MA | Charitable | $150,000 |
| Greater Boston Food Bank Boston, MA | Charitable | $100,000 |
| Project Place Boston, MA | Charitable | $100,000 |
| Roca Boston, MA | Charitable | $100,000 |
| Utec Lowell, MA | Charitable | $87,500 |
| Schools on Wheels of Massachusetts Inc East Bridgewater, MA | Charitable | $75,000 |
| YMCA Southcoast New Bedford, MA | Charitable | $50,000 |
| The Boston Foundation Boston, MA | Charitable | $6,025 |
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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 | $13,364,271 | $2,250,976 | $1,444,712 | $1,268,525 | 9 | $1,268,525 | $1,057,296 | $655,094 |
| 2023 | $12,300,917 | $1,998,807 | $994,449 | $865,000 | 9 | $865,000 | $1,003,289 | $338,214 |
| 2022 | $10,711,833 | $980,889 | $872,711 | $741,600 | 9 | $741,600 | $313,122 | $327,580 |
| 2021 | $10,595,952 | $1,496,508 | $1,632,655 | $1,521,576 | 10 | $1,521,576 | $415,165 | $386,566 |
| 2020 | $9,418,901 | $2,176,087 | $577,424 | $500,984 | 10 | — | $1,567,091 | $283,990 |
Under IRS private-foundation payout rules, Alvarium Foundation reported a distributable amount of $655K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Alvarium Foundation's 2024 filing lists 6 officers; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Anna C. Mullen
Trustee
On filings since 2020
1 hr/week
No compensation reported
Elizabeth A. Mullen
Trustee
On filings since 2020
1 hr/week
No compensation reported
James C. Mullen
Trustee
On filings since 2020
1 hr/week
No compensation reported
Jared D. Mullen
Trustee
On filings since 2020
1 hr/week
No compensation reported
Justine M. Mullen
Trustee
On filings since 2020
1 hr/week
No compensation reported
Nathaniel J. Mullen
Trustee
On filings since 2020
1 hr/week
No compensation reported
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 Alvarium Foundation
How much does Alvarium Foundation give each year?
Alvarium Foundation gave $1.3M across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $865K across 9 grants.
What is Alvarium Foundation's typical grant size?
Alvarium Foundation's median grant in 2024 was $100,000, and its average grant was $140,947, across 9 grants on its 2024 IRS Form 990-PF.
Where does Alvarium Foundation give grants?
Alvarium Foundation gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (4 grants).
Does Alvarium Foundation give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on Alvarium Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (9 grants).
Who are Alvarium Foundation's largest grantees?
Alvarium Foundation's largest 2024 grantees include Father Bill's & Mainspring Inc ($600,000), Massachusetts Audubon Society Inc ($150,000) and Greater Boston Food Bank ($100,000), according to its 2024 IRS Form 990-PF. Together they received 67% of its itemized 2024 grant dollars.
How large is Alvarium Foundation?
Alvarium Foundation reported $13.4M in total assets on its 2024 IRS Form 990-PF. It paid out $1.3M in qualifying distributions that year, against a required minimum of $655K (roughly 5% of its investment assets).
What is Alvarium Foundation's EIN?
Alvarium Foundation's EIN (Employer Identification Number) is 82-3729527. 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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