Herb and Maxine Jacobs Foundation Inc
The Herb and Maxine Jacobs Foundation Inc is a private grantmaking foundation based in Boston, Massachusetts. Established in 2014, the foundation operates as a 501(c)(3) organization dedicated to philanthropic giving across multiple states and communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.4M
+6.5% YoY
Grant Count
12
-14.3% YoY
Avg Grant Size
$116K
+24.3% YoY
Mission & Focus Areas
The foundation's primary funding focuses include:
- Education and higher education grants
- Science and STEM education
- Scholarships and student support initiatives
- Information technology and graphic design scholarships
- General support for educational institutions
- Human services
- Expansion of learning initiatives for student support
Grantmaking
The foundation is open to new applicants.
Grant Range
$379
Average Grant
$379
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Geographic Focus
Where this funder awards grants
The foundation supports organizations and communities across multiple states, with primary focus areas including:
- Massachusetts (including Boston, Brookline, Cambridge, Bedford, Framingham, and Wayland)
- Texas (including Conroe)
- Nebraska
- New York
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $21,973,684
- Total revenue: $1,737,131
- Total expenses: $1,687,407
- Total liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Jill Jacobs – President, Secretary, and Director
- Carl Whittaker – Vice President, Treasurer, and Director
- Deborah S. Kay – Director
All directors serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JILL JACOBS | PRES, SEC & DIR. | 2 | — |
| CARL WHITTAKER | VP, TREAS. & DIR. | 2 | — |
| DEBORAH S KAY | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The Herb and Maxine Jacobs Foundation received recognition from the National Association for Community College Entrepreneurship (NACCE) in October 2022, selected as a recipient of NACCE's Lifetime Achievement Award alongside the Fish Family Foundation. The award recognized the foundation's commitment to promoting entrepreneurship through community colleges.
Scholarships from Herb and Maxine Jacobs Foundation - NewsSubject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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