From the Source Foundation

NEWTON, MA EIN: 87-4025693

From the Source Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWTON, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 8 grants totaling $47K. Net investment income was $57K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.0M

+2.0% YoY

Annual Giving

$47K

+161.1% YoY

Grant Count

+60.0% YoY

Avg Grant Size

$6K

+63.2% YoY

Under IRS private-foundation payout rules, From the Source Foundation reported a distributable amount of $56K for 2024 — the minimum it must pay out in qualifying distributions.

About From the Source 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

Virginia $42K (38%)

Massachusetts $40K (36%)

New Hampshire $18K (16%)

District of Columbia $10K (9%)

Colorado $1K (1%)

States

Colorado District of Columbia Massachusetts New Hampshire Virginia

Cities

AlexandraBostonBoulderClaremontNewtonvillePortsmouthRestonWashingtonWashinton DcWatertown

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,013,445	$993,656	$1,051,590
Revenue	$72,518	$-1,398	$1,344,993
Expenses	$52,641	$55,831	$78,576
Qualifying Distributions	$50,000	$25,120	$75,641
Net Investment Income	$56,770	$16,773	$993,383
Distributable Amount	$56,008	$50,414	$36,674

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

20 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Third Option Foundation ($10,000), Primary Source ($7,000), Marine Corps Scholarship ($7,000).

Recipient	Purpose	Amount
CLAREMONT NH FOOD BANK CLAREMONT, NH	CHARITABLE	$5,000
CRADLES TO CRAYONS NEWTONVILLE, MA	CHARITABLE	$5,000
GREATER BOSTON FOOD BANK BOSTON, MA	CHARITABLE	$5,000
LEARNING COURAGE PORTSMOUTH, NH	CHARITABLE	$3,000
PRIMARY SOURCE WATERTOWN, MA	CHARITABLE	$7,000
THIRD OPTION FOUNDATION RESTON, VA	CHARITABLE	$10,000
THE FUND FOR AMERICAN STUDIES WASHINTON DC, DC	CHARITABLE	$5,000
MARINE CORPS SCHOLARSHIP ALEXANDRA, VA	CHARITABLE	$7,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MATTHEW MCKNIGHT	TREASURER, DIRECTOR	—	—
WHITNEY MCKNIGHT	PRESIDENT, SECRETARY, DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is From the Source Foundation?

From the Source Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWTON, MA. It holds $1.0M in total assets as of 2024.

How large is From the Source Foundation?

As of 2024, From the Source Foundation holds $1.0M in total assets with $73K in annual revenue. It awarded 8 grants totaling $47K in 2024.

Where does From the Source Foundation operate?

From the Source Foundation has awarded grants in Colorado, District of Columbia, Massachusetts, New Hampshire, Virginia.

What size grants does From the Source Foundation award?

In 2024, From the Source Foundation awarded 8 grants totaling $47K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is From the Source Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, From the Source Foundation reported a distributable amount of $56K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.