Grace Knight Babson Fund

WELLESLEY, MA EIN: 04-6041993

Grace Knight Babson Fund is a private foundation, based in WELLESLEY, MA. IRS filing data is available from 2020 through 2021. In 2021, it awarded 10 grants totaling $162K.

Financial Overview

From 2021 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$162K

+3954.8% YoY

Grant Count

+150.0% YoY

Avg Grant Size

$16K

+1521.9% YoY

Under IRS private-foundation payout rules, Grace Knight Babson Fund reported a distributable amount of $6K for 2021 — the minimum it must pay out in qualifying distributions.

About Grace Knight Babson Fund

Based on IRS filings

Grace Knight Babson Fund is a private foundation, based in WELLESLEY, MA. IRS filing data is available from 2020 through 2021. In 2021, it awarded 10 grants totaling $162K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $166K (100%)

States

Massachusetts

Cities

CambridgeNewtonWellesley

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2021	2020
Total Assets	—	$168,098
Revenue	$249	$90,977
Expenses	$168,347	$8,613
Qualifying Distributions	—	—
Net Investment Income	—	$89,828
Distributable Amount	$6,100	$6,485

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 2021

Grant Size Distribution

14 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2021 grants, the largest include First Church of Christ Scientist ($16,219), St Andrews Episcopal Church ($16,219), St John the Evangelist Church ($16,219).

Recipient	Purpose	Amount
FIRST CHURCH OF CHRIST SCIENTIST WELLESLEY, MA	UNRESTRICTED.	$16,219
ST ANDREWS EPISCOPAL CHURCH WELLESLEY, MA	UNRESTRICTED.	$16,219
ST JOHN THE EVANGELIST CHURCH WELLESLEY, MA	UNRESTRICTED.	$16,219
ST PAUL'S PARISH CAMBRIDGE, MA	UNRESTRICTED.	$16,219
ST MARY'S EPISCOPAL CHURCH NEWTON, MA	UNRESTRICTED.	$16,219
TEMPLE BETH ELOHIM WELLESLEY, MA	UNRESTRICTED.	$16,219
UNITARIAN UNIVERSALIST SOCIETY WELLESLEY, MA	UNRESTRICTED.	$16,219
WELLESLEY FRIENDS MEETING WELLESLEY, MA	UNRESTRICTED.	$16,219
WELLESLEY HILLS CONGREGATIONAL CHURCH WELLESLEY, MA	UNRESTRICTED.	$16,219
WELLESLEY VILLAGE CONGREGATIONAL CHURCH WELLESLEY, MA	UNRESTRICTED.	$16,219

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2021 IRS filing

From 2021 filing

Name	Title	Hours	Compensation
REV MATTHEW WOOSTER	TRUSTEE	0.25	—
ANNE LYSAGHT	TREASURER	0.25	$600
JODI SUFFRIN	TRUSTEE	0.25	—
CYNTHIA LOWE	CLERK	0.5	$500
FR JAMES LAUGHLIN	TRUSTEE	0.25	—

Frequently Asked Questions

Where does Grace Knight Babson Fund operate?

Grace Knight Babson Fund has awarded grants in Massachusetts.

What size grants does Grace Knight Babson Fund award?

In 2021, Grace Knight Babson Fund awarded 10 grants totaling $162K — an average of about $16K per grant, based on its IRS Form 990 filings.

How much is Grace Knight Babson Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2021, Grace Knight Babson Fund reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.