Initiative for Digital Engineering 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 grants totaling $49.1M. Net investment income was $29K.
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
About Initiative for Digital Engineering
Based on IRS filings
Initiative for Digital Engineering 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 grants totaling $49.1M. Net investment income was $29K.
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 | — | $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 |
| 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 1 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Northeastern University Portland Campus Development Fund ($49,108,427).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BARBARA ROUX | BOARD MEMBER | 2.5 | — |
| CHARLES HEWETT | BOARD MEMBER/EXECUTIVE DIRECTOR | 40 | $390,964 |
| DAVID ROUX | BOARD CHAIR | 10 | — |
| FORD REICHE | CHIEF OPERATING OFFICER | 40 | $337,500 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Initiative for Digital Engineering?
Initiative for Digital Engineering is a private foundation focused on Education, based in FALMOUTH, ME. It holds — in total assets as of 2024.
Where does Initiative for Digital Engineering operate?
Initiative for Digital Engineering has awarded grants in Massachusetts.
What size grants does Initiative for Digital Engineering award?
In 2024, Initiative for Digital Engineering awarded 1 grants totaling $49.1M — an average of about $49.1M per grant, based on its IRS Form 990 filings.
What is Initiative for Digital Engineering's EIN?
Initiative for Digital Engineering's EIN (Employer Identification Number) is 83-1372987. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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