Basalt Foundation Inc
Basalt Foundation Inc is a private foundation focused on Education, based in Santa Fe, NM. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $301K in total assets. In 2025, it awarded 4 grants totaling $12K. Net investment income was $21K.
Basalt Foundation Inc at a glance
In short: Basalt Foundation Inc gave $12K across 4 grants in 2025 (avg $3K), top state District of Columbia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $11,500
- +173.8% vs 2024
- Grants made (2025)
- 4
- +33.3% vs 2024
- Average grant
- $2,875
- +105.4% vs 2024
- Median grant
- $3,500
- Total assets
- $301,233
- +0.2% vs 2024
- Primary geography
- District of Columbia (35% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Basalt Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Food & Water Watch ($4K). Together the top 4 received $12K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Basalt Foundation Inc gives
- Giving fell 29% from 2022 to 2025. Method
- In 2025 it paid out 82% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $1K (2023) to $16K (2022). In 2025 it made 4 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Food & Water Watch Washington, DC | Advocating to end hunger and to provide clean water | $4,000 |
| New Energy Economy in New Mexico Santa Fe, NM | Advocating to Climate Change | $4,000 |
| Environmental Defense Funds New York, NY | Advocating to Science, Economics, Climate Justice | $3,000 |
| Doctors Without Borders New York, NY | Advocating to end disease outbreaks, natural and human disasters | $500 |
Ready to take the next step with Basalt Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $301,233 | $31,038 | $21,660 | $11,500 | 4 | $11,500 | $20,878 | $14,067 |
| 2024 | $300,771 | $22,033 | $8,989 | $4,200 | 3 | $4,200 | $17,244 | $14,700 |
| 2023 | $290,834 | $12,784 | $5,782 | $1,400 | 1 | $1,400 | $8,651 | $13,192 |
| 2022 | $254,945 | $15,353 | $24,645 | $16,250 | 8 | $16,250 | $11,064 | $13,250 |
| 2021 | $347,321 | $29,223 | $22,564 | $14,000 | 6 | $14,000 | $25,342 | $14,074 |
| 2020 | $257,582 | $15,677 | $17,199 | $10,000 | 4 | — | $12,289 | $10,838 |
Under IRS private-foundation payout rules, Basalt Foundation Inc reported a distributable amount of $14K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Basalt Foundation Inc is led by Jan Duggan, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jan Duggan
President
On filings since 2020
1 hr/week
No compensation reported
Matthew B. Duggan
Director
On filings since 2020
1 hr/week
No compensation reported
Peter Reed Duggan
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Basalt Foundation Inc
How much does Basalt Foundation Inc give each year?
Basalt Foundation Inc gave $12K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4K across 3 grants.
What is Basalt Foundation Inc's typical grant size?
Basalt Foundation Inc's median grant in 2025 was $3,500, and its average grant was $2,875, across 4 grants on its 2025 IRS Form 990-PF.
Where does Basalt Foundation Inc give grants?
Basalt Foundation Inc's top state is District of Columbia, with 35% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New Mexico (35%) and New York (30%). The most frequent recipient cities were New York, NY (2 grants).
Does Basalt Foundation Inc give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Basalt Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
How large is Basalt Foundation Inc?
Basalt Foundation Inc reported $301K in total assets on its 2025 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Basalt Foundation Inc?
Basalt Foundation Inc is a private foundation focused on Education, based in Santa Fe, NM. It holds $301K in total assets as of 2025.
What is Basalt Foundation Inc's EIN?
Basalt Foundation Inc's EIN (Employer Identification Number) is 72-1567897. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 30, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Basalt Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Eugene Martin Charitable Trust
Granbury, TX
Assets
$1.6M
Grants
1
Total Given
$26K
Nancy Ann Mellen Foundation
Boston, MA
Assets
—
Grants
2
Total Given
$792K
Norma Green Family Fdn Irr
Pittsburgh, PA
The foundation supports varied causes, including hunger relief, wildlife rehabilitation, health care, humanitarian food assistance, and women’s leadership. Its 2025 grants ranged from $5,000 to $19,000, with a median of $13,000, and went to organizations in New Mexico, New York, Colorado, and Washington, D.C. The filing says it does not restrict giving to preselected organizations; application details are not provided.
Assets
$792K
Grants
10
Total Given
$117K
Louise Arnold Maddux
Santa Fe, NM
The Santa Fe-based foundation supports nonprofits across environmental conservation, animal welfare, food access, humanitarian response, and other areas. Its 2025 grants were typically $1,000 each, with 43% of grant dollars going to New Mexico and others distributed across several states and the District of Columbia. It does not accept unsolicited requests and gives only to preselected organizations.
Assets
$1.0M
Grants
46
Total Given
$46K
Wolf Run Foundation Inc
Santa Fe, NM
Assets
$1.1M
Grants
16
Total Given
$67K
Hanuman Foundation
Santa Fe, NM
The Hanuman Foundation funds community service, humanitarian assistance, education, health, environmental sustainability, food security, cultural preservation, and disaster relief. Its 2025 grants ranged from $500 to $2,500, with a median of $1,008; nearly half of grant dollars went to New Mexico, with additional support across several other states. It does not accept unsolicited requests and gives only to preselected charitable organizations.
Assets
$1.1M
Grants
27
Total Given
$33K
More similar funders
More Funders in New Mexico
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Basalt Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Basalt Foundation Inc down — hundreds of funders to go?