Egan Family Charitable Foundation
The Egan Family Charitable Foundation is a private grantmaking foundation established in 1993 and based in Boston, Massachusetts. The foundation was established by the family of Richard J. Egan, co-founder of the data storage company EMC. As an independent foundation, the organization's primary activity is making charitable contributions to approved organizations rather than conducting direct charitable activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$29.4M
+7.5% YoY
Annual Giving
$1.5M
+8.5% YoY
Grant Count
16
-11.1% YoY
Avg Grant Size
$96K
+22.1% YoY
Under IRS private-foundation payout rules, Egan Family Charitable Foundation reported a distributable amount of $2.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation gives primarily for:
- Higher education
- Health care
- Human services
Grantmaking
The foundation makes grants to various nonprofit organizations aligned with its funding priorities.
Grant Range
$78,900
Average Grant
$78,900
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Geographic Focus
Where this funder awards grants
The foundation is based in Boston, Massachusetts and operates in the United States.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total assets: $27.3 million
- Annual revenue: $6.4 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $29,388,503 | $27,347,822 | $23,488,774 |
| Revenue | $5,474,598 | $6,410,468 | $5,665,514 |
| Expenses | $1,790,245 | $1,674,804 | $1,709,567 |
| Qualifying Distributions | $1,594,480 | $1,466,472 | $1,502,328 |
| Net Investment Income | $3,139,604 | $433,648 | $2,498,393 |
| Distributable Amount | $2,068,907 | $1,582,079 | $1,473,063 |
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
101 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boys and Girls Club of Newport County ($778,064), Redwood Library ($260,000), Fairfield University ($210,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CITIZENS OF THE WORLD INC LOS ANGELES, CA | GENERAL | $8,000 |
| WOOSOX FOUNDATION WORCESTER, MA | GENERAL | $10,000 |
| FRIENDS OF NEWPORT SKATEPARK NEWPORT, RI | GENERAL | $10,000 |
| CATHOLIC SCHOOLS FOUNDATION BOSTON, MA | GENERAL | $10,000 |
| PRESERVATION SOCIETY OF NEWPORT NEWPORT, RI | GENERAL | $15,000 |
| HOPE FUNDS FOR CANCER RESEARCH NEWPORT, RI | GENERAL | $15,000 |
| ST MICHAEL'S COUNTRY DAY SCHOOL NEWPORT, RI | GENERAL | $20,000 |
| THE JESUITS NEW YORK, NY | GENERAL | $25,000 |
| ISABELLE STEWART GARDNER MMUSEUM BOSTON, MA | GENERAL | $25,000 |
| A WISH COME TRUE WARWICK, RI | GENERAL | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- William P Egan — Trustee
- Charles A Cheever — Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM P EGAN | TRUSTEE | 1 | — |
| CHARLES A CHEEVER | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Egan Family Charitable Foundation fund?
The foundation gives primarily for: • Higher education • Health care • Human services
How do I apply for a grant from Egan Family Charitable Foundation?
**Grant Activity:** • Total giving: $1.4 million • Number of grants: 18 • Average grant size: $78,900 • Median grant size: $22,500 The foundation makes grants to various nonprofit organizations aligned with its funding priorities.
Where does Egan Family Charitable Foundation make grants?
The foundation is based in Boston, Massachusetts and operates in the United States.
What size grants does Egan Family Charitable Foundation award?
In 2024, Egan Family Charitable Foundation awarded 16 grants totaling $1.5M — an average of about $96K per grant, based on its IRS Form 990 filings.
How much is Egan Family Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Egan Family Charitable Foundation reported a distributable amount of $2.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Egan Family Charitable Foundation's EIN?
Egan Family Charitable Foundation's EIN (Employer Identification Number) is 04-6746970. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Egan Family Charitable Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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