Isabel Babson Memorial Incorporated
Isabel Babson Memorial Incorporated is a private foundation focused on Health, based in Gloucester, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.3M in total assets. In 2025, it awarded 8 grants totaling $40K. Net investment income was $208K.
Isabel Babson Memorial Incorporated at a glance
In short: Isabel Babson Memorial Incorporated gave $40K across 8 grants in 2025 (avg $5K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $40,000
- +25.0% vs 2024
- Grants made (2025)
- 8
- +14.3% vs 2024
- Average grant
- $5,000
- +9.4% vs 2024
- Median grant
- $5,000
- Total assets
- $4,324,240
- +0.2% vs 2024
- Primary geography
- Massachusetts (100% 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 Isabel Babson Memorial Incorporated funds
How this funder distributes its grants
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Isabel Babson Memorial Incorporated gives
- Giving grew 60% from 2022 to 2025. Method
- In 2025 it paid out 105% 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 $20K (2023) to $40K (2025). In 2025 it made 8 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 8 individual scholarships Recipients not named | — | $40,000 |
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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 | $4,324,240 | $207,642 | $222,902 | $40,000 | 8 | $218,963 | $207,642 | $209,084 |
| 2024 | $4,314,809 | $683,186 | $212,902 | $32,000 | 7 | $202,319 | $683,186 | $198,474 |
| 2023 | $3,858,356 | $21,608 | $196,439 | $20,000 | 4 | $194,751 | $59,814 | $186,376 |
| 2022 | $3,869,554 | $76,019 | $187,497 | $25,000 | 2 | $182,955 | $76,019 | $160,626 |
| 2021 | $4,261,905 | $286,678 | $206,235 | $30,000 | 2 | $201,132 | $286,678 | $200,832 |
| 2020 | $3,517,908 | $3,273,289 | $240,800 | $35,000 | 1 | — | $3,273,289 | $135,176 |
Under IRS private-foundation payout rules, Isabel Babson Memorial Incorporated reported a distributable amount of $209K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Isabel Babson Memorial Incorporated is led by Gary C Brackett, President & Trustee on every filing since 2020; all 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
Gary C Brackett
President & Trustee
On filings since 2020
40 hrs/week
$31K (2020) → $54K (2025)
Louise C Quinn
Trustee
On filings since 2020
1 hr/week
$1K (2021) → $2K (2025)
Sandra J Andreson
Trustee
On filings since 2020
1 hr/week
$2K (2020) → $2K (2025)
Margaret R Quinn
Treasurer Secretary
Trustee → Treasurer Secretary, 2022
On filings since 2020
10 hrs/week
$2K (2020) → $14K (2025)
Former officers (2)
- Former: G Kevin Quinn (2020–2023) — Trustee
- Former: Robert R Reardon Jr. (2020–2021) — Treasurer
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $54K, to Gary C Brackett (President & Trustee). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Isabel Babson Memorial Incorporated
How much does Isabel Babson Memorial Incorporated give each year?
Isabel Babson Memorial Incorporated gave $40K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $32K across 7 grants.
What is Isabel Babson Memorial Incorporated's typical grant size?
Isabel Babson Memorial Incorporated's median grant in 2025 was $5,000, and its average grant was $5,000, across 8 grants on its 2025 IRS Form 990-PF.
Where does Isabel Babson Memorial Incorporated give grants?
Isabel Babson Memorial Incorporated gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Isabel Babson Memorial Incorporated give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Isabel Babson Memorial Incorporated's 2025 IRS Form 990-PF were described as general or operating support.
How large is Isabel Babson Memorial Incorporated?
Isabel Babson Memorial Incorporated reported $4.3M in total assets on its 2025 IRS Form 990-PF. It paid out $219K in qualifying distributions that year, against a required minimum of $209K (roughly 5% of its investment assets).
What is Isabel Babson Memorial Incorporated?
Isabel Babson Memorial Incorporated is a private foundation focused on Health, based in Gloucester, MA. It holds $4.3M in total assets as of 2025.
What is Isabel Babson Memorial Incorporated's EIN?
Isabel Babson Memorial Incorporated's EIN (Employer Identification Number) is 04-6031813. 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
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Isabel Babson Memorial Incorporated funds
Health Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Isabel Babson Memorial Incorporated's focus areas in our free grants database
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