Clipper Ship Foundation Inc
Clipper Ship Foundation Inc is a private foundation based in Milton Village, Massachusetts. Founded in 1979 by David Parmely Weatherhead, the foundation makes grants to federally tax-qualified nonprofit organizations offering critical services to vulnerable populations in the Greater Boston area and surrounding communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.0M
+16.4% YoY
Annual Giving
$161K
-96.6% YoY
Grant Count
2
-85.7% YoY
Avg Grant Size
$80K
-76.4% YoY
Mission & Focus Areas
The foundation supports nonprofits making a difference in the lives of people living in Greater Boston (defined as cities and towns on or within Route 128), as well as the cities of Lawrence and Brockton.
The foundation focuses its grantmaking on the following populations:
Opportunity Youth (ages 16-24):
- Out of school and unemployed or underemployed
- Enrolled in school but not progressing academically and at risk of dropping out
- Enrolled in post-secondary education part-time and either unemployed or underemployed
- Working part-time without benefits
Additional Priority Populations:
- Foster youth and young adults who have aged out of the foster care system
- Youth and young adults experiencing homelessness or in unstable housing
- Youth impacted by sex trafficking or exploitation
- Families impacted by domestic violence
- Youth impacted by the criminal justice system
- Youth with disabilities
Grantmaking
As of 2025, the foundation has transitioned from an open application process to an invitation-only model. The foundation received nearly 200 concept paper submissions in 2024 and aims to provide funding to 12-20 applicants annually.
Grant Range
$11,000 to $150,000
Average Grant
approximately $340,400
Review Cycle
Timeline:**
How to Apply
**
Ready to take the next step with Clipper Ship Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation funds organizations serving:
- Greater Boston (cities and towns on or within Route 128)
- Lawrence, Massachusetts
- Brockton, Massachusetts
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (Fiscal Year Ending October 2024):
- Total assets: $5,008,415
- Total revenues: $908,424
- Total expenses: $211,335
- Total grants awarded: $160,800
Revenue Breakdown (FYE 10/2024):
- Grants and contributions: $150,000
- Investment income and dividends: $154,547
- Miscellaneous revenues: $603,877
Staffing: The foundation operates with limited staffing and relies on volunteer board members. No paid staff hours are reported.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,008,415 | $4,302,017 | $8,783,949 |
| Revenue | $908,424 | $353,184 | $-274,466 |
| Expenses | $211,335 | $4,835,116 | $18,627,436 |
| Qualifying Distributions | $160,800 | $4,765,000 | $14,522,640 |
| Net Investment Income | $154,547 | $147,725 | — |
| Distributable Amount | $226,031 | $320,189 | $891,525 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
79 grants across all recorded years
Open Grants
1 open opportunity from Clipper Ship Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Donald Greene – President
- Gene Allen Miller – Treasurer
- Daniel J Hueslman – Clerk/Director
- Katharine Lacy – Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DONALD GREENE | PRESIDENT / | — | — |
| GENE ALLEN MILLER | TREAUSRER / | — | — |
| DANIEL J HUESLMAN | CLERK/DIRECT | — | — |
| KATHARINE LACY | DIRECTORY | — | — |
Contact Information
Mailing Address: P.O. Box 870138 Milton Village, MA 02187
Email: info@clippershipfoundation.org
Website: http://clippershipfoundation.org
Related Funders
Similar funders by location and focus area
Charles J Tasker Memorial Scholarship Fund
HANOVER, MA
Assets
$98K
Grants
1
Total Given
$8K
Marshall M & Barbara J Sloane Pvt Found
CHESTNUT HILL, MA
Assets
$1.2M
Grants
11
Total Given
$75K
John J Mcardle Iii & Joan C Mcardle
ANDOVER, MA
Assets
$1.8M
Grants
13
Total Given
$205K
Massachusetts Association of Realtors
FOXBOROUGH, MA
Assets
$18.1M
Grants
2
Total Given
$71K
Communities for Restorative Justice
BOSTON, MA
Assets
$524K
Grants
1
Total Given
$61K
Hingham Historical Society Inc
HINGHAM, MA
Assets
$7.4M
Grants
1
Total Given
$10K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Clipper Ship Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities