Alvarium Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.4M
+8.6% YoY
Annual Giving
$1.3M
+46.7% YoY
Grant Count
9
+0.0% YoY
Avg Grant Size
$141K
+46.7% YoY
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.
About Alvarium Foundation
Based on IRS filings
Alvarium Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,364,271 | $12,300,917 | $10,711,833 |
| Revenue | $2,250,976 | $1,998,807 | $980,889 |
| Expenses | $1,444,712 | $994,449 | $872,711 |
| Qualifying Distributions | $1,268,525 | $865,000 | $741,600 |
| Net Investment Income | $1,057,296 | $1,003,289 | $313,122 |
| Distributable Amount | $655,094 | $338,214 | $327,580 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
47 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Father Bill's & Mainspring Inc ($600,000), Massachusetts Audubon Society Inc ($150,000), Greater Boston Food Bank ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FATHER BILL'S & MAINSPRING INC BROCKTON, MA | CHARITABLE | $600,000 |
| GREATER BOSTON FOOD BANK BOSTON, MA | CHARITABLE | $100,000 |
| MASSACHUSETTS AUDUBON SOCIETY INC LINCOLN, MA | CHARITABLE | $150,000 |
| PROJECT PLACE BOSTON, MA | CHARITABLE | $100,000 |
| ROCA BOSTON, MA | CHARITABLE | $100,000 |
| SCHOOLS ON WHEELS OF MASSACHUSETTS INC EAST BRIDGEWATER, MA | CHARITABLE | $75,000 |
| THE BOSTON FOUNDATION BOSTON, MA | CHARITABLE | $6,025 |
| UTEC LOWELL, MA | CHARITABLE | $87,500 |
| YMCA SOUTHCOAST NEW BEDFORD, MA | CHARITABLE | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES C MULLEN | TRUSTEE | 1 | — |
| JUSTINE M MULLEN | TRUSTEE | 1 | — |
| NATHANIEL J MULLEN | TRUSTEE | 1 | — |
| ELIZABETH A MULLEN | TRUSTEE | 1 | — |
| JARED D MULLEN | TRUSTEE | 1 | — |
| ANNA C MULLEN | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Alvarium Foundation?
Alvarium Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEEDHAM, MA. It holds $13.4M in total assets as of 2024.
How large is Alvarium Foundation?
As of 2024, Alvarium Foundation holds $13.4M in total assets with $2.3M in annual revenue. It awarded 9 grants totaling $1.3M in 2024.
Where does Alvarium Foundation operate?
Alvarium Foundation has awarded grants in Massachusetts.
What size grants does Alvarium Foundation award?
In 2024, Alvarium Foundation awarded 9 grants totaling $1.3M — an average of about $141K per grant, based on its IRS Form 990 filings.
How much is Alvarium Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Alvarium Foundation reported a distributable amount of $655K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Alvarium Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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