Donald E Garrant Foundation Inc
Donald E Garrant Foundation Inc is a private foundation, based in Wakefield, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $442K in total assets. In 2025, it awarded 6 grants totaling $20K. Net investment income was $39K.
Donald E Garrant Foundation Inc at a glance
In short: Donald E Garrant Foundation Inc gave $20K across 6 grants in 2025 (avg $3K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,495
- -26.4% vs 2024
- Grants made (2025)
- 6
- +20.0% vs 2024
- Average grant
- $3,416
- -38.7% vs 2024
- Median grant
- $3,750
- Total assets
- $441,596
- +3.9% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Donald E Garrant Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was United Way of Massachusetts Bay Inc ($5K). Together the top 6 received $20K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 21 grants of 22 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Donald E Garrant Foundation Inc gives
- Giving grew 215% from 2022 to 2025. Method
- In 2025 it paid out 86% 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 2019 to 2025, annual grant giving ranged from $5K (2019) to $87K (2023). In 2025 it made 6 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Massachusetts Bay Inc Boston, MA | Financial Literacy | $5,000 |
| Breaktime United Inc Boston, MA | Financial Literacy | $5,000 |
| Inspire Cafe Wakefield, MA | Financial Literacy | $5,000 |
| The Institute of Student Loan Advisors Plymouth, MA | Financial Literacy | $2,500 |
| Si Se Puede Lawrence, MA | Financial Literacy | $2,025 |
| Reading Memorial High School Reading, MA | Financial Literacy | $970 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $441,596 | $47,202 | $30,517 | $20,495 | 6 | $25,550 | $38,727 | $29,552 |
| 2024 | $424,911 | $52,204 | $40,542 | $27,859 | 5 | $34,474 | $47,898 | $28,064 |
| 2023 | $413,249 | $72,805 | $96,292 | $86,983 | 5 | $92,643 | $53,181 | $26,363 |
| 2022 | $436,736 | $44,992 | $14,887 | $6,500 | 1 | $10,635 | $15,752 | $27,346 |
| 2021 | $406,631 | $68,384 | $28,012 | $23,835 | 5 | $23,970 | $32,938 | $27,130 |
| 2020 | $366,259 | $11,761 | $25,304 | $19,490 | 4 | — | $8,524 | $18,282 |
| 2019 | $379,802 | $53,326 | $15,802 | $5,000 | 1 | — | $15,794 | $20,733 |
Under IRS private-foundation payout rules, Donald E Garrant Foundation Inc reported a distributable amount of $30K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Donald E Garrant Foundation Inc is led by Raichelle L Kallery, President & CEO since 2025 (on filings since 2019); none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Raichelle L Kallery
President & CEO
Vice President, Clerk & Director → Director, 2022
Director → President & CEO, 2025
On filings since 2019
1 hr/week
No compensation reported
Denise Carbone
Treasurer & Director
Vice President, Treasurer & Director → Treasurer & Director, 2022
On filings since 2019
1 hr/week
No compensation reported
Mark J Simeola
Director
On filings since 2019
1 hr/week
No compensation reported
Therese Jarmusik
Director
On filings since 2019
1 hr/week
No compensation reported
Cam Garrant
Director
On filings since 2024
1 hr/week
No compensation reported
Craig MacKenzie
Director
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (3)
- Former: Robert J DiBella (2019–2024) — Past President & Director
- Former: Suzanne M Lamoureux (2019–2023) — Director
- Former: Scott C Garrant (2019–2022) — Director
Data from IRS Form 990 filings, 2019–2025. "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 Donald E Garrant Foundation Inc
How much does Donald E Garrant Foundation Inc give each year?
Donald E Garrant Foundation Inc gave $20K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $28K across 5 grants.
What is Donald E Garrant Foundation Inc's typical grant size?
Donald E Garrant Foundation Inc's median grant in 2025 was $3,750, and its average grant was $3,416, across 6 grants on its 2025 IRS Form 990-PF.
Where does Donald E Garrant Foundation Inc give grants?
Donald E Garrant Foundation Inc gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (2 grants).
Does Donald E Garrant Foundation Inc give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Donald E Garrant Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Financial Literacy" (6 grants).
Who are Donald E Garrant Foundation Inc's largest grantees?
Donald E Garrant Foundation Inc's largest 2025 grantees include United Way of Massachusetts Bay Inc ($5,000), Breaktime United Inc ($5,000) and Inspire Cafe ($5,000), according to its 2025 IRS Form 990-PF. Together they received 73% of its itemized 2025 grant dollars.
How large is Donald E Garrant Foundation Inc?
Donald E Garrant Foundation Inc reported $442K in total assets on its 2025 IRS Form 990-PF. It paid out $26K in qualifying distributions that year, against a required minimum of $30K (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.
What is Donald E Garrant Foundation Inc's EIN?
Donald E Garrant Foundation Inc's EIN (Employer Identification Number) is 04-3563155. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 20, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS February 27, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 26, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
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