Chestnut Fund

BOSTON, MA EIN: 47-7017184

Chestnut Fund is a private foundation based in Boston, Massachusetts, established in 2015. The organization operates as a grantmaking foundation with a 501(c)(3) tax-exempt status.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$54.9M

+8.0% YoY

Annual Giving

$2.9M

-16.3% YoY

Grant Count

3

+0.0% YoY

Avg Grant Size

$978K

-16.3% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation does not provide a public mission statement. However, its grantmaking priorities include:

  • Human Rights
  • Social Justice
  • Local Government
  • Community & Civic Engagement
  • Child Welfare
  • Education
  • Philanthropy, Voluntarism & Grantmaking
  • Human Services

Grantmaking

Grant Range

$290,000–$2,815,000

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Geographic Focus

Where this funder awards grants

The foundation supports grantmaking across multiple U.S. locations and states, including:

Cities: Albuquerque, Augusta, Boston, Brooklyn, Cincinnati, Decatur, Des Moines, Dorchester, Durham, Montpelier, New Haven, New York, Portland, Providence, Raleigh, Seattle, St. Paul, Washington, and Youngstown

States: Connecticut, District of Columbia, Georgia, Iowa, Maine, Minnesota, North Carolina, New Mexico, New York, Ohio, Oregon, Rhode Island, Vermont, and Washington

Primary funding focus areas include Ohio, Georgia, and the District of Columbia.

Grant Distribution by State

19states
+11 more states

Cities

AlbuquerqueAtlantaAugustaBostonBrooklynCincinnatiDecaturDes MoinesDevaturDorchesterDurhamHighland ParkIowa CityKentLansingMilwaukeeMontpelierNew HavenNew YorkPortland

Financial History

Multi-year comparison from IRS filings

As of Most Recent Filing (2023):

  • Total assets: $50.8–$54.9 million
  • Total annual giving: $2.7–$3.5 million
  • Total revenues: $2.7 million
  • Total expenses: $4.6 million
  • Number of employees: 0

Revenue Composition (2023):

  • Investment income and dividends: $1,190,419
  • Net gain from sale of non-inventory assets: $1,352,235
  • Miscellaneous revenues: $188,229

Giving Rate: Approximately 6.9% of assets

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$5M$7M$9M20202021202220232024
Metric202420232022
Total Assets$54,884,454$50,821,793$52,696,026
Revenue$8,055,965$2,730,883$3,505,414
Expenses$3,991,509$4,604,665$6,089,755
Qualifying Distributions$3,243,754$3,808,877$5,289,794
Net Investment Income$7,301,114$1,971,940$2,806,539
Distributable Amount$3,348,532$3,266,377$3,451,684

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$3M$5M$7M38 grants202028 grants202125 grants20223 grants20233 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

LUPINE FUND CO FIDELITY …$2.5MEMMAS FUND$350KCENTER ON BUDGET AND POL…$120K

Grant Size Distribution

97 grants across all recorded years

26<$50K29$50–100K26$100–250K8$250–500K3$500K–1M5$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation is led by unpaid trustees:

  • Jane Stein
  • Adam Stein
  • Gerda Stein
  • Alan Rottenberg

The foundation is also known as "Jane Stein Ttee."

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
JANE STEINTRUSTEE2
ADAM STEINTRUSTEE2
GERDA STEINTRUSTEE2
ALAN ROTTENBERGTRUSTEE2

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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