BVM Foundation
BVM Foundation is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.0M in total assets. In 2024, it awarded 1 grant totaling $1.1M. Net investment income was $729K.
BVM Foundation at a glance
In short: BVM Foundation gave $1.1M across 1 grant in 2024 (avg $1.1M), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,052,266
- -4.6% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $1,052,266
- -4.6% vs 2023
- Median grant
- $1,052,266
- Total assets
- $11,953,198
- -2.8% vs 2023
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who BVM Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Fiduciary Charitable Foundation ($1.1M).
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 18 grants of 23 (78%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How BVM Foundation gives
- Giving grew 89% from 2021 to 2024. Method
- In 2024 it paid out 100% 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 2024, annual grant giving ranged from $57K (2020) to $1.1M (2023). In 2024 it made 1 grant totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fiduciary Charitable Foundation Boston, MA | Chatter Foundation DAF | $1,052,266 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $11,953,198 | $729,960 | $1,071,939 | $1,052,266 | 1 | $1,053,380 | $728,511 | $1,054,013 |
| 2023 | $12,295,189 | $730,532 | $1,111,517 | $1,103,012 | 1 | $1,111,517 | $731,174 | $1,060,771 |
| 2022 | $12,676,191 | $312,799 | $1,097,882 | $1,089,566 | 1 | $1,097,882 | $566,777 | $1,111,328 |
| 2021 | $12,990,348 | $417,902 | $635,092 | $555,987 | 6 | $586,210 | $467,290 | $1,135,789 |
| 2020 | $12,823,248 | $20,907,184 | $57,008 | $57,008 | 14 | — | $1,372,772 | $596,669 |
Under IRS private-foundation payout rules, BVM Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
BVM Foundation's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mukesh Chatter
Trustee
On filings since 2020
1 hr/week
No compensation reported
Priti Chatter
Trustee
On filings since 2020
1 hr/week
No compensation reported
Saejal Chatter
Trustee
On filings since 2020
1 hr/week
No compensation reported
Sonal Chatter
Trustee
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about BVM Foundation
How much does BVM Foundation give each year?
BVM Foundation gave $1.1M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.1M across 1 grant.
How large is BVM Foundation?
BVM Foundation reported $12.0M in total assets on its 2024 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $1.1M (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.
Where does BVM Foundation operate?
BVM Foundation has awarded grants in California, District of Columbia, Hawaii, Massachusetts, New Jersey, Texas.
What is BVM Foundation's EIN?
BVM Foundation's EIN (Employer Identification Number) is 04-3569443. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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