Gravestar Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CAMBRIDGE, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 27 grants totaling $148K. Net investment income was $53K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
-3.8% YoY
Annual Giving
$148K
+20.9% YoY
Grant Count
27
+3.8% YoY
Avg Grant Size
$5K
+16.4% YoY
Under IRS private-foundation payout rules, Gravestar Foundation reported a distributable amount of $164K for 2024 — the minimum it must pay out in qualifying distributions.
About Gravestar Foundation
Based on IRS filings
Gravestar Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CAMBRIDGE, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 27 grants totaling $148K. Net investment income was $53K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,596,072 | $2,698,339 | $2,771,815 |
| Revenue | $57,927 | $88,858 | $1,084,054 |
| Expenses | $160,194 | $162,334 | $223,195 |
| Qualifying Distributions | $152,285 | $122,000 | $201,745 |
| Net Investment Income | $53,169 | $51,074 | $1,345,697 |
| Distributable Amount | $164,463 | $141,909 | $126,637 |
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
112 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community Servings Inc ($20,000), Rise Above Foundation Inc ($7,000), Anna Jaques Hospital ($7,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARMENIA ASSEMBLY OF AMERICA STONEHAM, MA | CHARITABLE | $5,000 |
| ARMENIA TREE PROJECT BOSTON, MA | CHARITABLE | $5,000 |
| CENTER FOR COASTAL STUDIES INC PROVINCETOWN, MA | CHARITABLE | $5,000 |
| CITY YEAR INC BOSTON, MA | CHARITABLE | $5,000 |
| COMMUNITY SERVINGS INC JAMAICA PLAIN, MA | CHARITABLE | $20,000 |
| ESPERANZA ACADEMY LAWRENCE, MA | CHARITABLE | $5,000 |
| HELPING OUR WOMEN PROVINCETOWN, MA | CHARITABLE | $5,000 |
| LEND A HAND SOCIETY BOSTON, MA | CHARTIABLE | $5,000 |
| PEBBLES OF STRENGTH STONEHAM, MA | CHARTIABLE | $5,000 |
| RISE ABOVE FOUNDATION INC NORTHBRIDGE, MA | 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 |
|---|---|---|---|
| CAROLYN G MUGAR | TRUSTEE | 1 | — |
| ANTHONY J BARSAMIAN | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gravestar Foundation?
Gravestar Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CAMBRIDGE, MA. It holds $2.6M in total assets as of 2024.
How large is Gravestar Foundation?
As of 2024, Gravestar Foundation holds $2.6M in total assets with $58K in annual revenue. It awarded 27 grants totaling $148K in 2024.
Where does Gravestar Foundation operate?
Gravestar Foundation has awarded grants in Georgia, Illinois, Massachusetts, Michigan, New Hampshire, New York, Ohio, Pennsylvania, Rhode Island, Virginia, Vermont.
What size grants does Gravestar Foundation award?
In 2024, Gravestar Foundation awarded 27 grants totaling $148K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Gravestar Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gravestar Foundation reported a distributable amount of $164K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gravestar Foundation's EIN?
Gravestar Foundation's EIN (Employer Identification Number) is 04-3391926. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gravestar Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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