Initiative for Digital Engineering and Life Sciences
Initiative for Digital Engineering and Life Sciences is a private foundation focused on Education, based in Falmouth, ME. IRS filing data is available from 2020 through 2024. In 2024, it awarded 1 grant totaling $49.1M. Net investment income was $29K.
Key facts about Initiative for Digital Engineering and Life Sciences
In short: Initiative for Digital Engineering and Life Sciences gave $49.1M across 1 grant in 2024 (avg $49.1M), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- EIN
- 83-1372987
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $49,108,427
- Grants made (2024)
- 1
- Average grant
- $49,108,427
- Median grant
- $49,108,427
- 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
—
-100.0% YoY
Annual Giving
$49.1M
Grant Count
1
Avg Grant Size
$49.1M
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 1 grant totaling $49.1M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Northeastern University Portland Campus Development Fund ($49.1M).
Grant Size Distribution
1 grants across all recorded years
The most common grant size was $5M or more: 1 grant of 1 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northeastern University Portland Campus Development Fund Boston, MA | To contribute project development costs, land, and other assets gathered over years to construct new building to be used by the university. | $49,108,427 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $42,237,873 | $26,872,146 |
| Revenue | $8,160,481 | $15,034,369 | $11,747,907 |
| Expenses | $49,150,358 | $47,346 | $74,251 |
| Qualifying Distributions | $49,108,427 | — | — |
| Net Investment Income | $28,931 | $34,369 | $18,407 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Initiative for Digital Engineering and Life Sciences is led by Charles Hewett, Board Member & Executive Director on every filing since 2020; 2 of 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
Charles Hewett
Board Member & Executive Director
On filings since 2020
40 hrs/week
$172K (2020) → $391K (2024)
David Roux
Board Chair
On filings since 2020
10 hrs/week
No compensation reported
Ford Reiche
Chief Operating Officer
On filings since 2021
40 hrs/week
$121K (2021) → $338K (2024)
Barbara Roux
Board Member
On filings since 2020
2.5 hrs/week
No compensation reported
Former officers (1)
- Former: Margaret Angell (2020) — Deputy Director
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
The highest reported compensation on the 2024 filing was $391K, to Charles Hewett (Board Member/Executive Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Initiative for Digital Engineering and Life Sciences
How much does Initiative for Digital Engineering and Life Sciences give each year?
Initiative for Digital Engineering and Life Sciences gave $49.1M across 1 grant in 2024, according to its 2024 IRS Form 990-PF.
What is Initiative for Digital Engineering and Life Sciences?
Initiative for Digital Engineering and Life Sciences is a private foundation focused on Education, based in Falmouth, ME.
Where does Initiative for Digital Engineering and Life Sciences operate?
Initiative for Digital Engineering and Life Sciences has awarded grants in Massachusetts.
What is Initiative for Digital Engineering and Life Sciences's EIN?
Initiative for Digital Engineering and Life Sciences's EIN (Employer Identification Number) is 83-1372987. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
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