American Tower Corporation Foundation
American Tower Corporation Foundation is a private grantmaking foundation based in Boston, Massachusetts. Established in 2017, it operates as a 501(c)(3) charitable organization focused on philanthropic giving and disaster relief efforts.
Key facts about American Tower Corporation Foundation
- EIN
- 81-5266916
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,734,512
- Grants made (2024)
- 632
- Average grant
- $2,744
- Median grant
- $200
- New grantees (estimate)
- 49% first-time grantees (307 of 628, 2024)
- Total assets
- $15,421,776
- Primary geography
- Massachusetts (21% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who American Tower Corporation Foundation funds
By grant dollars, the top recipient states for American Tower Corporation Foundation's 632 itemized 2024 grants were Massachusetts (21%), Georgia (20%) and North Carolina (14%). The most frequent recipient cities were Boston, MA (44 grants), New York, NY (37 grants), Washington, DC (30 grants) and Denver, CO (14 grants). 99% of grants with a stated purpose were for general or operating support. Recurring purposes include "Disaster Relief" (5 grants).
Is American Tower Corporation Foundation open to new grantees?
49%
first-time grantees, 2024
In 2024, 307 of 628 grantees (49%) were first-time recipients. First grants averaged $3K; repeat grants $2K. How we count
Medians: $104 first-time, $400 repeat.
- 38% of 2024 grantees were also funded in 2023. Method
- Giving fell 34% from 2021 to 2024. Method
- In 2024 it paid out 342% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with American Tower Corporation Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.4M
+37.8% YoY
Annual Giving
$1.7M
+12.5% YoY
Grant Count
632
+20.2% YoY
Avg Grant Size
$3K
-6.4% YoY
Under IRS private-foundation payout rules, American Tower Corporation Foundation reported a distributable amount of $535K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation funds general purpose charitable initiatives and disaster relief. According to its most recent filings, the foundation makes contributions exclusively to preselected charitable organizations.
Grantmaking
The foundation maintains active and growing grantmaking operations:
Grant Range
$250
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Massachusetts
- New York
- North Carolina
Grantmaking reaches organizations across 46 states nationally.
Grant Distribution by State
Share of all 632 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Data:
- Total Assets: $15.4 million
- Annual Income: $10.6 million
- Total Revenues: $5.5 million
- Total Expenses: $1.87 million
2023 Financial Data:
- Total Assets: $11.2 million
- Total Revenues: $5.2 million
- Total Expenses: $1.51 million
- Total Liabilities: $419,000
Asset Growth: Total assets have grown from $9.1 million in 2019 to $15.4 million in 2024. Annual giving increased from $1 million in 2022 to $1.5 million in 2023.
Tax Status: Tax-exempt since September 2017. Contributions to the foundation are tax-deductible.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,421,776 | $11,187,548 | $7,107,056 |
| Revenue | $5,529,882 | $5,199,641 | $67,632 |
| Expenses | $1,870,975 | $1,511,243 | $1,218,356 |
| Qualifying Distributions | $1,827,292 | $1,616,339 | $1,084,425 |
| Net Investment Income | $437,328 | $146,536 | $96,826 |
| Distributable Amount | $534,845 | $451,592 | $396,816 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
2,650 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Boys & Girls Clubs of America (Bgca) ($340,000), North Carolina Centeral University Foundation Inc ($100,000), The Foundation of NC State University ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS & GIRLS CLUBS OF AMERICA (BGCA) Atlanta, GA | GENERAL PURPOSE | $340,000 |
| NORTH CAROLINA CENTERAL UNIVERSITY FOUNDATION INC Durham, NC | GENERAL PURPOSE | $100,000 |
| THE FOUNDATION OF NC STATE UNIVERSITY Greensboro, NC | GENERAL PURPOSE | $100,000 |
| AMERICAN NATIONAL RED CROSS Medford, MA | DISASTER RELIEF | $65,000 |
| WORLD CENTRAL KITCHEN INC Washington, DC | DISASTER RELIEF | $35,000 |
| BREEDLOVE FOODS INC Lubbock, TX | DISASTER RELIEF | $25,103 |
| ASSOCIACAO FEMININA DE ESTUDOS SOCIAIS E UNIVERSITARIOS | GENERAL PURPOSE | $25,000 |
| IKA DIOCESAN CHARITY FOUNDATION | GENERAL PURPOSE | $25,000 |
| INSTITUTE OF CONTEMPORARY ART (ICA) Boston, MA | GENERAL PURPOSE | $25,000 |
| INSTITUTO AYRTON SENNA (DIGITAL PLATFORM HUMANE) | GENERAL PURPOSE | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Foundation leadership includes:
- Francis Soares, Vice President, Finance and Treasurer
- Naheed Malik, Vice President, Finance and Treasurer
- Christine M. Brennan, Vice President
The foundation is governed by 13 officers and trustees.
American Tower Corporation Foundation is led by Brenna D. Jones, President & Director on every filing since 2020; none of the 11 officers listed in 2024 report compensation.
Officers on the 2024 filing
Brenna D. Jones
President & Director
On filings since 2020
1.2 hrs/week
No compensation reported
Rodney Smith
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Mneesha O. Nahata
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Colleen Richards Powell
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Erick Vedasto
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Gigi Bruno
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Juan Pablo Garcia
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Matthew Peterson
Vice President, Grants & Director
On filings since 2022
1 hr/week
No compensation reported
Christine M. Brennan
Vice President, Administrator & Secretary
On filings since 2020
22 hrs/week
No compensation reported
Kathleen Quinn
Assistant Secretary
On filings since 2020
20 hrs/week
No compensation reported
Francis Soares
Vice President, Finance & Treasurer
On filings since 2023
10 hrs/week
No compensation reported
Former officers (9)
- Former: Edmund Disanto (2020–2023) — Director
- Former: Naheed Malik (2020–2023) — Vice President, Finance & Treasurer
- Former: Brook Brown (2021–2022) — Director
- Former: Carlos Dropelmann (2021–2022) — Director
- Former: Carol Maxime (2021–2022) — Director
- Former: Esha Modi (2021–2022) — Director
- Former: Matthew Peterson Vp Grants (2021) — Director
- Former: Matt Peterson (2020) — Vice President & Grants
- Former: Thomas A. Bartlett (2020) — Director
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.
Contact Information
Phone: (617) 585-7704
Location: Boston, Massachusetts
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does American Tower Corporation Foundation fund?
The foundation funds general purpose charitable initiatives and disaster relief. According to its most recent filings, the foundation makes contributions exclusively to preselected charitable organizations.
How do I apply for a grant from American Tower Corporation Foundation?
The foundation maintains active and growing grantmaking operations: **Grant Activity:** • Made 523 grants in 2024, totaling approximately $1.02 million • Made 1,049 total grants across all years on record, totaling $2.6 million • Median grant size: $250 • Grant range: up to $100,000 • Average award: $2,000 **Recent Grants (2024):** • North Carolina Central University Foundation: $100,000 (General Purpose) • The Foundation for NC A&T State University: $100,000 (General Purpose) • World Central K…
Where does American Tower Corporation Foundation make grants?
The foundation primarily funds organizations in: • Massachusetts • New York • North Carolina Grantmaking reaches organizations across 46 states nationally.
What size grants does American Tower Corporation Foundation award?
In 2024, American Tower Corporation Foundation awarded 632 grants totaling $1.7M — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is American Tower Corporation Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, American Tower Corporation Foundation reported a distributable amount of $535K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is American Tower Corporation Foundation's EIN?
American Tower Corporation Foundation's EIN (Employer Identification Number) is 81-5266916. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.