Comet 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 $14.2M in total assets. In 2024, it awarded 12 grants totaling $3.4M. Net investment income was $508K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.2M
+15.1% YoY
Annual Giving
$3.4M
+498.5% YoY
Grant Count
12
+500.0% YoY
Avg Grant Size
$281K
-0.3% YoY
Under IRS private-foundation payout rules, Comet Foundation reported a distributable amount of $685K for 2024 — the minimum it must pay out in qualifying distributions.
About Comet Foundation
Based on IRS filings
Comet 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 $14.2M in total assets. In 2024, it awarded 12 grants totaling $3.4M. Net investment income was $508K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,247,574 | $12,374,680 | $12,999,534 |
| Revenue | $5,254,424 | $106,109 | $6,747,788 |
| Expenses | $3,472,420 | $730,963 | $324,228 |
| Qualifying Distributions | $3,366,312 | $562,500 | $125,000 |
| Net Investment Income | $508,061 | $81,051 | $6,739,743 |
| Distributable Amount | $684,840 | $634,843 | $528,301 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Massachusetts General Hospital ($2,000,000), For the Benefit of the President and Fellows of Harvard College ($500,000), For the Benefit of the Trustees of Princeton University ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY BOSTON, MA | HEALTH SERVICES | $4,241 |
| COMPASSIONATE CARE ALS FALMOUTH, MA | COMMUNITY AND HEALTH SERVICES | $1,030 |
| STEPPINGSTONE BOSTON, MA | COMMUNITY SERVICES | $1,041 |
| MASSACHUSETTS GENERAL HOSPITAL BOSTON, MA | HEALTHCARE SERVICES | $2,000,000 |
| CLUBHOUSE INTERNATIONAL (#1002) NEW YORK, NY | EDUCATION | $2,000 |
| CONCORD FREE PUBLIC LIBRARY (#1501) CONCORD, MA | EDUCATION | $3,000 |
| THE WILY NETWORK INC NEWTON, MA | EDUCATION | $30,000 |
| FOR THE BENEFIT OF THE TRUSTEES OF DARTMOUTH COLLEGE HANOVER, NH | EDUCATION | $250,000 |
| FOR THE BENEFIT OF THE TRUSTEES OF DARTMOUTH COLLEGE HANOVER, NH | EDUCATION | $25,000 |
| FOR THE BENEFIT OF THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE CAMBRIDGE, MA | EDUCATION | $500,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LANGLEY STEINERT | TRUSTEE | — | — |
| HILARY STEINERT | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Comet Foundation?
Comet Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. It holds $14.2M in total assets as of 2024.
How large is Comet Foundation?
As of 2024, Comet Foundation holds $14.2M in total assets with $5.3M in annual revenue. It awarded 12 grants totaling $3.4M in 2024.
Where does Comet Foundation operate?
Comet Foundation has awarded grants in Florida, Massachusetts, New Hampshire, New Jersey, New York.
What size grants does Comet Foundation award?
In 2024, Comet Foundation awarded 12 grants totaling $3.4M — an average of about $281K per grant, based on its IRS Form 990 filings.
How much is Comet Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Comet Foundation reported a distributable amount of $685K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Comet Foundation's EIN?
Comet Foundation's EIN (Employer Identification Number) is 86-1967040. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Comet Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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