Holt & Bugbee Foundation Inc
Holt & Bugbee Foundation Inc is a private foundation, based in Tewksbury, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $266K in total assets. In 2025, it awarded 4 grants totaling $42K. Net investment income was $31K.
Holt & Bugbee Foundation Inc at a glance
In short: Holt & Bugbee Foundation Inc gave $42K across 4 grants in 2025 (avg $11K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $42,000
- -39.6% vs 2024
- Grants made (2025)
- 4
- -50.0% vs 2024
- Average grant
- $10,500
- +20.9% vs 2024
- Median grant
- $11,000
- Total assets
- $266,488
- -4.1% vs 2024
- Primary geography
- Massachusetts (71% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Holt & Bugbee Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Tewksbury Memorial High School ($18K). Together the top 4 received $42K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 27 grants of 27 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Holt & Bugbee Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+11%). Method
- In 2025 it paid out 245% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $13K (2021) to $70K (2024). In 2025 it made 4 grants totaling $42K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tewksbury Memorial High School Tewksbury, MA | Operating Support | $17,500 |
| A Workshop of Our Own Co Fusion Partnerships Inc Baltimore, MD | Operating Support | $12,000 |
| North Bennet Street School Boston, MA | Operating Support | $10,000 |
| Partners in Child Development Andover, MA | Operating Support | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $266,488 | $38,596 | $49,951 | $42,000 | 4 | $42,000 | $31,301 | $17,138 |
| 2024 | $277,843 | $52,093 | $75,706 | $69,500 | 8 | $69,500 | $46,149 | $17,800 |
| 2023 | $301,456 | $56,189 | $58,702 | $52,750 | 6 | $53,335 | $18,864 | $533 |
| 2022 | $303,969 | $78,720 | $43,729 | $37,731 | 7 | $38,266 | $23,564 | $19,094 |
| 2021 | $268,978 | $27,844 | $18,850 | $12,500 | 2 | $13,057 | $22,101 | $18,170 |
| 2020 | $259,984 | $8,242 | $45,417 | $40,000 | 2 | — | $3,583 | $18,224 |
Under IRS private-foundation payout rules, Holt & Bugbee Foundation Inc reported a distributable amount of $17K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Holt & Bugbee Foundation Inc is led by Phillip T. Pierce, President & Director on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Phillip T. Pierce
President & Director
On filings since 2020
0.3 hrs/week
No compensation reported
Rebecca Pierce
Clerk & Director
On filings since 2020
0.3 hrs/week
No compensation reported
Roger C. Pierce Jr.
Treasurer & Director
On filings since 2020
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Holt & Bugbee Foundation Inc
How much does Holt & Bugbee Foundation Inc give each year?
Holt & Bugbee Foundation Inc gave $42K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $70K across 8 grants.
What is Holt & Bugbee Foundation Inc's typical grant size?
Holt & Bugbee Foundation Inc's median grant in 2025 was $11,000, and its average grant was $10,500, across 4 grants on its 2025 IRS Form 990-PF.
Where does Holt & Bugbee Foundation Inc give grants?
Holt & Bugbee Foundation Inc gives mostly in Massachusetts: 71% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Maryland (29%).
Does Holt & Bugbee Foundation Inc give general operating support?
Yes: 100% of Holt & Bugbee Foundation Inc's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Holt & Bugbee Foundation Inc?
Holt & Bugbee Foundation Inc reported $266K in total assets on its 2025 IRS Form 990-PF. It paid out $42K in qualifying distributions that year, against a required minimum of $17K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 30, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 5, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)
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