Grace Swift Nye & Alfred Gibbs Nye

Private foundation · Grantmaker Boston, MA EIN: 06-6421534

Grace Swift Nye & Alfred Gibbs Nye is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 1 grant totaling $118K. Net investment income was $292K.

Key facts about Grace Swift Nye & Alfred Gibbs Nye

In short: Grace Swift Nye & Alfred Gibbs Nye gave $118K across 1 grant in 2024 (avg $118K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.

EIN
06-6421534
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$117,750
Grants made (2024)
1
Average grant
$117,750
Median grant
$117,750
Total assets
$3,271,208
Primary geography
Massachusetts (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.3M

+3.8% YoY

Annual Giving

$118K

-9.9% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$118K

-9.9% YoY

Under IRS private-foundation payout rules, Grace Swift Nye & Alfred Gibbs Nye reported a distributable amount of $161K for 2024 — the minimum it must pay out in qualifying distributions.

How Grace Swift Nye & Alfred Gibbs Nye gives

  • Giving grew 32% from 2021 to 2024. Method
  • In 2024 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

Cities

Boston

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $89K (2021) to $131K (2023). In 2024 it made 1 grant totaling $118K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

5 grants across all recorded years

<$50K2$50–100K3$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 3 grants of 5 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
See Attached Schedule Boston, MAScholarships$117,750

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$3,271,208$3,150,344$3,111,208
Revenue$318,270$244,615$107,343
Expenses$197,404$205,480$181,615
Qualifying Distributions$141,512$153,619$121,394
Net Investment Income$291,657$178,046$60,454
Distributable Amount$161,121$149,547$154,548

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Grace Swift Nye & Alfred Gibbs Nye's 2024 filing lists 3 officers; all 3 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Elaine H. Lelaurin

    Trustee

    On filings since 2020

    $14K (2020) → $14K (2024)

  • Fiduciary Trust CO

    Trustee

    On filings since 2020

    $23K (2020) → $24K (2024)

  • Lisa K. Boragine

    Trustee

    New on the 2024 filing

    $13K (2024)

Former officers (1)
  • Former: David E. Nye (2020–2023) — Trustee

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Fiduciary Trust CO — Trustee: $24KFiduciary Trust COTrustee$24KElaine H Lelaurin — Trustee: $14KElaine H LelaurinTrustee$14KLisa K Boragine — Trustee: $13KLisa K BoragineTrustee$13K

The highest reported compensation on the 2024 filing was $24K, to Fiduciary Trust CO (Trustee). 3 officers or directors reported compensation on that filing.

Frequently asked questions about Grace Swift Nye & Alfred Gibbs Nye

How much does Grace Swift Nye & Alfred Gibbs Nye give each year?

Grace Swift Nye & Alfred Gibbs Nye gave $118K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $131K across 1 grant.

How large is Grace Swift Nye & Alfred Gibbs Nye?

Grace Swift Nye & Alfred Gibbs Nye reported $3.3M in total assets on its 2024 IRS Form 990-PF. It paid out $142K in qualifying distributions that year, against a required minimum of $161K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Grace Swift Nye & Alfred Gibbs Nye operate?

Grace Swift Nye & Alfred Gibbs Nye has awarded grants in Massachusetts.

What is Grace Swift Nye & Alfred Gibbs Nye's EIN?

Grace Swift Nye & Alfred Gibbs Nye's EIN (Employer Identification Number) is 06-6421534. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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