Gansett Foundation
Gansett Foundation is a private foundation, based in Boston, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $8.8M in total assets. Net investment income was $135K.
Gansett Foundation at a glance
- Total assets
- $8,788,497
- +1.6% vs 2024
- Revenue (2025)
- $136,224
- -73.0% vs 2024
- Net investment income (2025)
- $135,237
- -73.1% vs 2024
- Expenses (2025)
- $1,237
- -97.3% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Gansett Foundation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $1–5M range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Gansett Foundation gives
- Giving fell 31% from 2019 to 2022. Method
- In 2022 it paid out 522% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2022, annual grant giving ranged from $415K (2020) to $1.8M (2019). In 2022 it made 1 grant totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Barrows Foundations Fidelity Charitable Trust N Palm Beach, FL | General Fund, No Restrictions | $1,250,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $8,788,497 | $136,224 | $1,237 | — | — | — | $135,237 | $470,512 |
| 2024 | $8,653,510 | $504,547 | $45,512 | — | — | — | $502,151 | $396,444 |
| 2023 | $8,683,013 | $4,214,413 | $16,535 | — | — | — | $1,623,882 | $272,827 |
| 2022 | $6,224,260 | $195,540 | $1,264,066 | $1,250,000 | 1 | $1,250,000 | $181,474 | $239,558 |
| 2021 | $7,292,786 | $4,721,835 | $1,600 | — | — | — | $415 | $145,645 |
| 2020 | $2,572,551 | $10,697 | $421,432 | $415,000 | 10 | — | $5,041 | $134,364 |
| 2019 | $2,983,286 | $73,990 | $1,804,170 | $1,804,135 | 28 | — | $73,990 | $196,421 |
Under IRS private-foundation payout rules, Gansett Foundation reported a distributable amount of $471K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gansett Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jonathan Sokoloff CO Paul McCoy LLP
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Margaret Flanagan CO Paul McCoy LLP
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Timothy Barrows CO Paul McCoy LLP
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Former officers (3)
- Former: Jonathan Sokoloff (2019) — Trustee
- Former: Margaret Flanagan (2019) — Trustee
- Former: Timothy Barrows (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Gansett Foundation
How large is Gansett Foundation?
Gansett Foundation reported $8.8M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $136K.
Where does Gansett Foundation operate?
Gansett Foundation has awarded grants in California, District of Columbia, Florida, Illinois, Massachusetts, Montana, New York, Rhode Island.
How much is Gansett Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Gansett Foundation reported a distributable amount of $471K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gansett Foundation's EIN?
Gansett Foundation's EIN (Employer Identification Number) is 04-3535723. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 22, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
Explore Open Grants
Browse active grant opportunities in Gansett Foundation's focus areas in our free grants database
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