The Fidelity Non-Profit Management Foundation is a grant-making organization based in Boston, Massachusetts, designated as a 501(c)(3) public charity. The foundation was established in 1992 and has been tax-exempt since March 1994. It operates as a subordinate organization under Harvard University and serves as a philanthropic institution focused on strengthening the nonprofit sector through strategic grantmaking and capacity-building initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6B
+4.8% YoY
Annual Giving
$135.2M
+40.0% YoY
Grant Count
108
+6.9% YoY
Avg Grant Size
$1.3M
+30.9% YoY
Mission & Focus Areas
The foundation's mission is to make grants and conduct supporting activities exclusively for the benefit of Section 501(c)(3) and 509(a)(1) or (2) organizations that conduct activities in the following areas:
- Arts and Culture
- Education
- Medical Research and Healthcare
A defining characteristic of the foundation's approach is its emphasis on encouraging the highest standards of nonprofit management across all its grantmaking activities.
Grantmaking
The foundation maintains substantial grantmaking capacity with typical awards ranging from $50,000 to $25,000,000. Recent grants include:
Grant Range
s and Activity
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking priorities are concentrated in:
- Massachusetts
- New York
- California
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Revenue
- Total Assets (2024): $2,566,528,357
- Total Assets (2023): $2,450,000,000
- Total Revenue (2024): $258,852,289
- Total Liabilities (2023): $0
Program Spending
- 2024 Total Expenses: $141,749,569
- 2023 Total Expenses: $103,000,000
- Program Expense Ratio: 99.01% (indicating strong focus on mission delivery)
The foundation maintains a robust financial position with substantial assets and demonstrates a high commitment to program spending relative to administrative costs.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,566,528,357 | $2,449,324,409 | $2,272,862,889 |
| Revenue | $258,852,289 | $279,618,620 | $137,942,315 |
| Expenses | $141,749,569 | $102,992,015 | $103,419,151 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $236,211,087 | $256,676,196 | $81,976,471 |
| Distributable Amount | — | — | — |
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
250 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
Maura Marx is listed as the Principal Officer of the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SUSAN HOCKFIELD | DIRECTOR | 2.5 | $25,000 |
| JOHN PALFREY | DIRECTOR | 2.5 | $25,000 |
| ROBERT A RADLOFF | DIRECTOR & VP | 2.5 | $25,000 |
| EDWARD C JOHNSON IV | DIRECTOR & CHAIRMAN | 2.5 | — |
| ELIZABETH L JOHNSON | DIRECTOR | 2.5 | — |
| CHRISTOPHER J MCKOWN | SECRETARY | 2.5 | — |
| MAURA MARX | PRESIDENT | 21 | $558,414 |
| KEVIN SAUNDERS | ASST SECRETARY | 17 | $165,817 |
| DANIEL M ARDITO | TREASURER | 16 | $184,924 |
| LYDIA BERGEN | VP, OPERATIONS | 21 | $231,609 |
| CAROLINE NOLAN | PROGRAM DIRECTOR, EDUCATION | 32 | $257,845 |
| LARA BETHKE | PROGRAM DIRECTOR, MEDICAL SCIENCE | 37 | $370,042 |
| NATACHA PERROTTA | VP, PROGRAMS | 21 | $258,063 |
| LISA BEVILAQUA | PROGRAM DIRECTOR, ARTS & CULTURE | 30 | $245,710 |
| BARBARA SULLIVAN | VP, INSIGHTS & IMPACT | 22 | $244,770 |
Contact Information
- Address: 7 Water Street, Boston, MA 02109-4100
- Phone: 617-646-7418
- EIN: 22-3195349
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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