Holt & Bugbee Foundation Inc
Holt & Bugbee Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TEWKSBURY, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $278K in total assets. In 2024, it awarded 8 grants totaling $70K. Net investment income was $46K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$278K
-7.8% YoY
Annual Giving
$70K
+31.8% YoY
Grant Count
8
+33.3% YoY
Avg Grant Size
$9K
-1.2% YoY
Under IRS private-foundation payout rules, Holt & Bugbee Foundation Inc reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
About Holt & Bugbee Foundation Inc
Based on IRS filings
Holt & Bugbee Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TEWKSBURY, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $278K in total assets. In 2024, it awarded 8 grants totaling $70K. Net investment income was $46K.
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 | $277,843 | $301,456 | $303,969 |
| Revenue | $52,093 | $56,189 | $78,720 |
| Expenses | $75,706 | $58,702 | $43,729 |
| Qualifying Distributions | $69,500 | $53,335 | $38,266 |
| Net Investment Income | $46,149 | $18,864 | $23,564 |
| Distributable Amount | $17,800 | $533 | $19,094 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Utec Inc ($25,000), Tewksbury Memorial High School ($12,500), North Bennet Street School ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BREAD AND ROSES HERITAGE COMMITTEE INC LAWRENCE, MA | OPERATING SUPPORT | $5,000 |
| CHALLENGE UNLIMITED AT IRONSTONE FARM ANDOVER, MA | OPERATING SUPPORT | $5,000 |
| NORTH BENNET STREET SCHOOL BOSTON, MA | OPERATING SUPPORT | $10,000 |
| TEWKSBURY MEMORIAL HIGH SCHOOL TEWKSBURY, MA | SCHOLARSHIPS | $12,500 |
| UTEC INC LOWELL, MA | OPERATING SUPPORT | $25,000 |
| NORTH AMERICAN FOREST FOUNDATION COLLIERVILLE, TN | OPERATING SUPPORT | $2,000 |
| GREAT DOG RESCUE NEW ENGLAND WOBURN, MA | OPERATING SUPPORT | $5,000 |
| TEWKSBURY MEMORIAL HIGH SCHOOL TEWKSBURY, MA | OPERATING SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PHILLIP T PIERCE | PRESIDENT AND DIRECTOR | 0.25 | — |
| ROGER C PIERCE JR | TREASURER AND DIRECTOR | 0.25 | — |
| REBECCA PIERCE | CLERK AND DIRECTOR | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Holt & Bugbee Foundation Inc?
Holt & Bugbee Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TEWKSBURY, MA. It holds $278K in total assets as of 2024.
How large is Holt & Bugbee Foundation Inc?
As of 2024, Holt & Bugbee Foundation Inc holds $278K in total assets with $52K in annual revenue. It awarded 8 grants totaling $70K in 2024.
Where does Holt & Bugbee Foundation Inc operate?
Holt & Bugbee Foundation Inc has awarded grants in Massachusetts, Tennessee.
What size grants does Holt & Bugbee Foundation Inc award?
In 2024, Holt & Bugbee Foundation Inc awarded 8 grants totaling $70K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Holt & Bugbee Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Holt & Bugbee Foundation Inc reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Holt & Bugbee Foundation Inc's EIN?
Holt & Bugbee Foundation Inc's EIN (Employer Identification Number) is 20-0446975. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Holt & Bugbee Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.