Broad Reach Foundation
Broad Reach Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $263.5M in total assets. In 2024, it awarded 18 grants totaling $31.4M. Net investment income was $37.0M.
Key facts about Broad Reach Foundation
- EIN
- 95-4861421
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $31,450,000
- Grants made (2024)
- 18
- Average grant
- $1,747,222
- Median grant
- $875,000
- Total assets
- $263,494,120
- Primary geography
- Maine (48% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Broad Reach Foundation funds
By grant dollars, the top recipient states for Broad Reach Foundation's 18 itemized 2024 grants were Maine (48%), California (41%) and Massachusetts (10%). The most frequent recipient cities were San Francisco, CA (11 grants), Ellsworth, ME (4 grants) and Boston, MA (3 grants). None of its 18 grants with a stated purpose were described as general or operating support.
How Broad Reach Foundation gives
- Giving grew 39% from 2021 to 2024. Method
- In 2024 it paid out 298% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Broad Reach Foundation
- How to evaluate Broad Reach Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$263.5M
+19.1% YoY
Annual Giving
$31.4M
+271.3% YoY
Grant Count
18
+200.0% YoY
Avg Grant Size
$1.7M
+23.8% YoY
Under IRS private-foundation payout rules, Broad Reach Foundation reported a distributable amount of $11.1M for 2024 — the minimum it must pay out in qualifying distributions.
About Broad Reach Foundation
Based on IRS filings
Broad Reach Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $263.5M in total assets. In 2024, it awarded 18 grants totaling $31.4M. Net investment income was $37.0M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 18 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $263,494,120 | $221,229,219 | $148,032,604 |
| Revenue | $68,565,105 | $26,724,984 | $14,590,431 |
| Expenses | $34,956,723 | $11,211,475 | $21,007,700 |
| Qualifying Distributions | $33,169,890 | $9,805,575 | $19,291,281 |
| Net Investment Income | $37,042,271 | $13,415,330 | $5,935,587 |
| Distributable Amount | $11,117,709 | $9,542,319 | $9,657,590 |
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 3 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Maine Community Foundation ($15,150,000 across 4 grants), Tides Foundation ($13,000,000 across 11 grants), Fidelity Charitable ($3,300,000 across 3 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| MAINE COMMUNITY FOUNDATION Ellsworth, ME | TO SUPPORT NONPROFIT ORGANIZATIONS WORKING TO PROMOTE HEALTHY ECOSYSTEMS, COEXISTENCE, COMMUNITY RESILIENCE AND HUMAN WELL-BEING. | $7,600,000 |
| MAINE COMMUNITY FOUNDATION Ellsworth, ME | TO SUPPORT NONPROFIT ORGANIZATIONS WORKING TO PROMOTE HEALTHY ECOSYSTEMS, COEXISTENCE, COMMUNITY RESILIENCE AND HUMAN WELL-BEING. | $6,500,000 |
| FIDELITY CHARITABLE Boston, MA | TO SUPPORT NONPROFIT ORGANIZATIONS WORKING TO PROMOTE HEALTHY ECOSYSTEMS, COEXISTENCE, COMMUNITY RESILIENCE AND HUMAN WELL-BEING. | $2,500,000 |
| TIDES FOUNDATION San Francisco, CA | TO SUPPORT NONPROFIT ORGANIZATIONS WORKING TO PROMOTE HEALTHY ECOSYSTEMS, COEXISTENCE, COMMUNITY RESILIENCE AND HUMAN WELL-BEING. | $2,200,000 |
| TIDES FOUNDATION San Francisco, CA | TO SUPPORT NONPROFIT ORGANIZATIONS WORKING TO PROMOTE HEALTHY ECOSYSTEMS, COEXISTENCE, COMMUNITY RESILIENCE AND HUMAN WELL-BEING. | $2,000,000 |
| TIDES FOUNDATION San Francisco, CA | TO SUPPORT NONPROFIT ORGANIZATIONS WORKING TO PROMOTE HEALTHY ECOSYSTEMS, COEXISTENCE, COMMUNITY RESILIENCE AND HUMAN WELL-BEING. | $2,000,000 |
| TIDES FOUNDATION San Francisco, CA | TO SUPPORT NONPROFIT ORGANIZATIONS WORKING TO PROMOTE HEALTHY ECOSYSTEMS, COEXISTENCE, COMMUNITY RESILIENCE AND HUMAN WELL-BEING. | $1,700,000 |
| TIDES FOUNDATION San Francisco, CA | TO SUPPORT NONPROFIT ORGANIZATIONS WORKING TO PROMOTE HEALTHY ECOSYSTEMS, COEXISTENCE, COMMUNITY RESILIENCE AND HUMAN WELL-BEING. | $1,700,000 |
| MAINE COMMUNITY FOUNDATION Ellsworth, ME | TO SUPPORT NONPROFIT ORGANIZATIONS WORKING TO PROMOTE HEALTHY ECOSYSTEMS, COEXISTENCE, COMMUNITY RESILIENCE AND HUMAN WELL-BEING. | $950,000 |
| TIDES FOUNDATION San Francisco, CA | TO SUPPORT NONPROFIT ORGANIZATIONS WORKING TO PROMOTE HEALTHY ECOSYSTEMS, COEXISTENCE, COMMUNITY RESILIENCE AND HUMAN WELL-BEING. | $800,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Carol Richards | President | 10 | — |
| Peter Richards | Treasurer | 6 | — |
| Adam Richards | Secretary | 3 | — |
| Erin H Kahn | Executive Director | 40 | $311,537 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Broad Reach Foundation?
Broad Reach Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Boston, MA. It holds $263.5M in total assets as of 2024.
How large is Broad Reach Foundation?
As of 2024, Broad Reach Foundation holds $263.5M in total assets with $68.6M in annual revenue. It awarded 18 grants totaling $31.4M in 2024.
Where does Broad Reach Foundation operate?
Broad Reach Foundation has awarded grants in California, Massachusetts, Maine.
What size grants does Broad Reach Foundation award?
In 2024, Broad Reach Foundation awarded 18 grants totaling $31.4M — an average of about $1.7M per grant, based on its IRS Form 990 filings.
How much is Broad Reach Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Broad Reach Foundation reported a distributable amount of $11.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Broad Reach Foundation's EIN?
Broad Reach Foundation's EIN (Employer Identification Number) is 95-4861421. 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.