Dunleavy Foundation

Foundation · Grantmaker Boston, MA EIN: 85-4313867

Dunleavy 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 $310.3M in total assets. In 2024, it awarded 5 grants totaling $12.2M. Net investment income was $29.6M.

Key facts about Dunleavy Foundation

EIN: 85-4313867
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $12,220,199
Grants made (2024): 5
Average grant: $2,444,040
Median grant: $1,000,000
Total assets: $310,318,617
Primary geography: Pennsylvania (63% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Dunleavy Foundation funds

By grant dollars, the top recipient states for Dunleavy Foundation's 5 itemized 2024 grants were Pennsylvania (63%), Massachusetts (25%) and Virginia (8%). 100% of grants with a stated purpose were for general or operating support.

How Dunleavy Foundation gives

Giving grew 81368% from 2021 to 2024. Method
In 2024 it paid out 88% 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.

Next steps with Dunleavy Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$310.3M

+17.3% YoY

Annual Giving

$12.2M

+1.8% YoY

Grant Count

-16.7% YoY

Avg Grant Size

$2.4M

+22.2% YoY

Under IRS private-foundation payout rules, Dunleavy Foundation reported a distributable amount of $13.9M for 2024 — the minimum it must pay out in qualifying distributions.

About Dunleavy Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $7.7M (63%)

Massachusetts $3.0M (25%)

Virginia $1.0M (8%)

Maryland $500K (4%)

North Carolina $5K (0%)

Share of all 5 itemized 2024 grant dollars.

States

Massachusetts Maryland North Carolina New Hampshire Pennsylvania Virginia

Cities

AnnapolisChapel HillJenkintownCambridgeDevonDurhamHanoverVirginia Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$310,318,617	$264,460,194	$242,563,555
Revenue	$29,697,673	$2,738,768	$2,280,059
Expenses	$12,661,671	$12,248,593	$3,411,616
Qualifying Distributions	$12,232,530	$12,000,132	$5,790
Net Investment Income	$29,630,456	$8,379,650	$2,279,792
Distributable Amount	$13,907,087	$12,374,839	$11,855,244

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include National Philanthropic Trust ($7,715,199), President and Fellows of Harvard College ($3,000,000), Navy Seal Foundation Inc ($1,000,000).

Recipient	Purpose	Amount
NATIONAL PHILANTHROPIC TRUST Jenkintown, PA	GENERAL CONTRIBUTION	$7,715,199
PRESIDENT AND FELLOWS OF HARVARD COLLEGE Cambridge, MA	GENERAL CONTRIBUTION	$3,000,000
NAVY SEAL FOUNDATION INC Virginia Beach, VA	GENERAL CONTRIBUTION	$1,000,000
RISE AND SHINE INC Annapolis, MD	GENERAL CONTRIBUTION	$500,000
UNIVERSITY OF NC AT CHAPEL HILL Chapel Hill, NC	GENERAL CONTRIBUTION	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Keith R Dunleavy	Director, President and CEO	1	—
Katherine K Dunleavy	Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Dunleavy Foundation?

Dunleavy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Boston, MA. It holds $310.3M in total assets as of 2024.

How large is Dunleavy Foundation?

As of 2024, Dunleavy Foundation holds $310.3M in total assets with $29.7M in annual revenue. It awarded 5 grants totaling $12.2M in 2024.

Where does Dunleavy Foundation operate?

Dunleavy Foundation has awarded grants in Massachusetts, Maryland, North Carolina, New Hampshire, Pennsylvania, Virginia.

What size grants does Dunleavy Foundation award?

In 2024, Dunleavy Foundation awarded 5 grants totaling $12.2M — an average of about $2.4M per grant, based on its IRS Form 990 filings.

How much is Dunleavy Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Dunleavy Foundation reported a distributable amount of $13.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.