The Conine Family Foundation is a private foundation based in Boston, Massachusetts, established in 2017. It operates as a 501(c)(3) organization supported by Steve and Alexi Conine. The foundation makes grants across education, health care, philanthropy, and environmental conservation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$76.7M
-1.9% YoY
Annual Giving
$1.1M
-84.1% YoY
Grant Count
21
-16.0% YoY
Avg Grant Size
$51K
-81.1% YoY
Mission & Focus Areas
The foundation does not have a publicly stated mission statement. However, based on grant activity, primary funding areas include:
- Education
- Health Care
- Philanthropy, Voluntarism & Grantmaking
- Environmental Conservation and Trails
- Community Development
Grantmaking
The foundation made 25 grants in 2024 totaling $6.7 million. Notable recent grants include:
Grant Range
$5,000 to $3,000,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Massachusetts, Wyoming, and Vermont.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2024):
- Total assets: $76.7–$78.2 million
- Total giving: $6.7 million
- Number of grants: 25
- Median grant: $50,000
Historical Trends:
| Year | Assets | Total Giving | # Grants | Median Grant |
|---|---|---|---|---|
| 2024 | $78.2M | $6.7M | 25 | $50K |
| 2023 | $85.2M | $7.6M | 27 | $75K |
| 2022 | $93.1M | $5.5M | 26 | $50K |
| 2021 | $73.7M | $4.3M | 11 | $25K |
| 2020 | $64.4M | $1.8M | 5 | $25K |
Revenue (2024):
- Investment income and dividends: $222,000
- Net gain/loss from sale of non-inventory assets: -$316,427
- Total revenues: -$94,427
- Total expenses: $1,384,434
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $76,735,479 | $78,214,340 | $85,222,733 |
| Revenue | $-94,427 | $-88,943 | $85,547 |
| Expenses | $1,384,434 | $6,919,450 | $7,963,355 |
| Qualifying Distributions | $1,317,142 | $6,864,425 | $7,927,682 |
| Net Investment Income | $2,491,759 | $1,525,669 | $207,737 |
| Distributable Amount | $1,777,624 | $1,953,911 | $3,189,587 |
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
110 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Alexi Conine — President (since February 2017)
- B.S. in Chemical Engineering from Cornell University (1992–1996)
- Previous experience as Engineer and Product Manager at Rohm and Haas Electronic Materials (1996–2006)
- Board Chair at The Esplanade Association (since January 2017)
- Founding Board Member at Slate Valley Trails (August 2015–April 2021)
- President at Friends of Titus Sparrow Park (January 2009–December 2014)
Steven Conine — Treasurer
- Co-founder and co-chairman of Wayfair Inc.
- B.S. in Engineering from Cornell University
- Billionaire entrepreneur
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALEXI CONINE | PRESIDENT | 10 | — |
| STEVEN CONINE | TREASURER | 5 | — |
Recent News & Activity
Recent developments and announcements
The Conine family's philanthropic involvement extends beyond the foundation. In January 2025, the Conine All-Star Golf Classic raised more than $500,000 to support families at Joe DiMaggio Children's Hospital in Florida.
Conine Family Foundation - Full Filing - Nonprofit ExplorerThe foundation has been active in supporting trails and outdoor recreation initiatives, including participation in the MassTrails Grant Program, which announced funding for 81 trail projects across Massachusetts in 2022.
MassTrails Grant Program Announces Funding for 81 Trail Projects ...Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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