Ernest Fortin Memorial Foundation Inc
Ernest Fortin Memorial Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BEVERLY, MA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 3 grants totaling $9K. Net investment income was $1K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$9K
+186.4% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$3K
-4.5% YoY
Under IRS private-foundation payout rules, Ernest Fortin Memorial Foundation Inc reported a distributable amount of $391 for 2024 — the minimum it must pay out in qualifying distributions.
About Ernest Fortin Memorial Foundation Inc
Based on IRS filings
Ernest Fortin Memorial Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BEVERLY, MA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 3 grants totaling $9K. Net investment income was $1K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $26,420 | $34,912 |
| Revenue | $1,265 | $407 | $5,046 |
| Expenses | $18,495 | $8,899 | $40,517 |
| Qualifying Distributions | $8,593 | $3,000 | $38,000 |
| Net Investment Income | $1,265 | $496 | $5,046 |
| Distributable Amount | $391 | $1,022 | $1,981 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
47 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Thomas S Hibbs ($5,027), Timothy W Burns ($2,566), Daniel J Mahoney ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THOMAS S HIBBS IRVING, TX | EDUCATIONAL GRANT | $5,027 |
| TIMOTHY W BURNS WACO, TX | EDUCATIONAL GRANT | $2,566 |
| DANIEL J MAHONEY CLINTON, MA | EDUCATIONAL GRANT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DENNIS GALLAGHER | PRESIDENT | — | — |
| MARTHA RICE MARTINI | TREASURER & SECRETARY | — | — |
| STEPHEN F BROWN | DIRECTOR | — | — |
| DANIEL J MAHONEY | DIRECTOR | — | — |
| REV PAUL W MCNELLIS | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ernest Fortin Memorial Foundation Inc?
Ernest Fortin Memorial Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BEVERLY, MA. It holds — in total assets as of 2024.
Where does Ernest Fortin Memorial Foundation Inc operate?
Ernest Fortin Memorial Foundation Inc has awarded grants in Massachusetts, Texas.
What size grants does Ernest Fortin Memorial Foundation Inc award?
In 2024, Ernest Fortin Memorial Foundation Inc awarded 3 grants totaling $9K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Ernest Fortin Memorial Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ernest Fortin Memorial Foundation Inc reported a distributable amount of $391 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ernest Fortin Memorial Foundation Inc's EIN?
Ernest Fortin Memorial Foundation Inc's EIN (Employer Identification Number) is 04-3544279. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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