Eid Family Charitable Foundation

CHARLESTOWN, MA EIN: 47-5374848

Eid Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTOWN, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 1 grants totaling $200K. Net investment income was $141K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.1M

-3.6% YoY

Annual Giving

$200K

+185.7% YoY

Grant Count

-50.0% YoY

Avg Grant Size

$200K

+471.4% YoY

Under IRS private-foundation payout rules, Eid Family Charitable Foundation reported a distributable amount of $108K for 2024 — the minimum it must pay out in qualifying distributions.

About Eid Family Charitable 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

Massachusetts $385K (100%)

States

Massachusetts

Cities

Boston

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,089,482	$2,166,424	$1,991,766
Revenue	$141,359	$264,632	$920,970
Expenses	$218,301	$101,284	$55,895
Qualifying Distributions	$200,000	$70,000	$40,000
Net Investment Income	$141,359	$60,574	$909,727
Distributable Amount	$108,353	$100,507	$66,326

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Massachusetts General Hospital ($200,000).

Recipient	Purpose	Amount
MASSACHUSETTS GENERAL HOSPITAL BOSTON, MA	TO ASSIST IN CANCER REASEARCH	$200,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CYNTHIA A EID	TRUSTEE	2.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Eid Family Charitable Foundation?

Eid Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTOWN, MA. It holds $2.1M in total assets as of 2024.

How large is Eid Family Charitable Foundation?

As of 2024, Eid Family Charitable Foundation holds $2.1M in total assets with $141K in annual revenue. It awarded 1 grants totaling $200K in 2024.

Where does Eid Family Charitable Foundation operate?

Eid Family Charitable Foundation has awarded grants in Massachusetts.

What size grants does Eid Family Charitable Foundation award?

In 2024, Eid Family Charitable Foundation awarded 1 grants totaling $200K — an average of about $200K per grant, based on its IRS Form 990 filings.

How much is Eid Family Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Eid Family Charitable Foundation reported a distributable amount of $108K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Eid Family Charitable Foundation's EIN?

Eid Family Charitable Foundation's EIN (Employer Identification Number) is 47-5374848. IRS Form 990 filing data is available on this page for 2020–2024.