Amelia Peabody Foundation
The Amelia Peabody Foundation is a private grantmaking foundation based in Topsfield, Massachusetts. Established as a trust in 1942 and tax-exempt since February 1944, the foundation operates as a 501(c)(3) organization dedicated to supporting charitable work across Massachusetts. The foundation absorbed assets from The Eaton Foundation in 1985.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$165.5M
+22.0% YoY
Annual Giving
$8.7M
+35.9% YoY
Grant Count
152
-3.2% YoY
Avg Grant Size
$57K
+40.4% YoY
Mission & Focus Areas
The Amelia Peabody Foundation's broad mission is to support charitable organizations throughout the Commonwealth of Massachusetts and amplify the positive social impact of Amelia Peabody's philanthropic legacy.
The foundation specifically supports programs and services for youth and families from under-resourced communities. Its grantmaking focuses on:
Youth Development: Pre-school through secondary education enrichment programs
Family Stabilization: Programs addressing homelessness, food insecurity, and workforce development training
Comprehensive Services: Support for programs that enable underserved children and families to gain education, become self-sufficient, and access workforce development to move toward family stability
The foundation has identified three specific priority areas for capital funding:
- Increasing access to childcare for low-income families
- Increasing access to healthcare through community health centers or other community-based interventions
- Creating shelter and affordable housing
The foundation seeks to build relationships with nonprofit organizations and community leaders, providing flexible funding with a bias toward capacity building.
Grantmaking
Grant Range
s:** Typical awards range from $5,000 to $500,000, with a median grant amount of $40,000
Review Cycle
(2026):**
Grant Types
How to Apply
** The foundation accepts online applications. Applicants must review Grant Conditions and Grant Review Process documentation to understand eligibility requirements.
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Geographic Focus
Where this funder awards grants
The foundation provides support across Massachusetts, with a special concern for funding programs operating throughout the Commonwealth, primarily outside Greater Boston.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $136–$165 million (as of 2023–2024)
Annual Giving: $7.2–$8.7 million in grants annually
Total Revenue (2024): $40.9 million
Total Expenses (2024): $11.6 million
Total Liabilities (2023): $1.17 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $165,467,815 | $135,682,150 | $138,892,222 |
| Revenue | $40,912,971 | $7,649,417 | $7,798,601 |
| Expenses | $11,579,384 | $10,869,158 | $11,299,093 |
| Qualifying Distributions | $9,684,420 | $8,514,077 | $9,140,400 |
| Net Investment Income | $39,044,682 | $4,933,129 | $4,677,164 |
| Distributable Amount | $8,927,439 | $8,789,051 | $9,203,935 |
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
201 grants across all recorded years
Open Grants
1 open opportunity from Amelia Peabody Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board & Staff:
- Joseph Kelly – Executive Director and Chief Investment Officer
- Joanne Smith – Grant Making Program
- William Richards – Investment Program
- Nicole Lania – Grants Associate
- Kathryn Kain – Office Manager
- Margaret St Clair – Trustee
- Vincent Marturano – Trustee
- Deborah Carlson – Trustee
- Dolores Reid – Trustee
- David Carlson – Trustee
The foundation employs 5 staff members.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Margaret St Clair | Trustee | 6 | $20,000 |
| Vincent Marturano | Trustee | 6 | $20,000 |
| Deborah Carlson | Trustee | 6 | $15,000 |
| Dolores Reid | Trustee | 6 | $20,000 |
| Joseph Kelly | Executive Director and CIO | 45 | $404,000 |
| Beatrice Waring | Beneficiary | — | — |
| Phillip Waring | Former Trustee - Retiree | — | — |
| David Carlson | Trustee | 6 | $5,000 |
Contact Information
Address: 10 South Main Street, Suite 103, Topsfield, MA 01983
Phone: 781-237-6468
Website: ameliapeabody.org
EIN: 04-6036558
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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