Fels Family Foundation is a private foundation located in Worcester, Massachusetts. The foundation was established in 2004 and operates as a 501(c)(3) organization dedicated to charitable grantmaking.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$24.5M
+3.2% YoY
Annual Giving
$1.2M
-0.5% YoY
Grant Count
50
+13.6% YoY
Avg Grant Size
$24K
-12.4% YoY
Grantmaking
The foundation made 43 grants in 2024. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation primarily focuses on the Worcester, Massachusetts area and surrounding Central Massachusetts communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of fiscal year ending December 2024:
- Total assets: $24,547,296
- Total revenues: $1,961,998
- Total expenses: $1,204,540
- Investment income and dividends: $1,184,201
As of fiscal year ending December 2023:
- Total assets: $23,789,838
- Total giving: $1,181,845
The foundation has zero employees and relies on investment income to support its charitable activities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $24,547,296 | $23,789,838 | $23,260,018 |
| Revenue | $1,961,998 | $1,745,315 | $1,870,817 |
| Expenses | $1,204,540 | $1,215,495 | $1,236,179 |
| Qualifying Distributions | $1,175,890 | $1,181,845 | $1,210,114 |
| Net Investment Income | $1,936,848 | $1,715,165 | $1,847,252 |
| Distributable Amount | $1,034,295 | $996,974 | $1,143,406 |
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
233 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by trustees Gerald Fels, Marilyn Fels, and Laura K Green. Administrative oversight is provided by David R. Ojerholm, CPA.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GERALD FELS | Trustee | 10 | — |
| MARILYN FELS | Trustee | 2 | — |
| LAURA GREEN | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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