Isabel Babson Memorial Incorporated is a private foundation focused on Health, based in Gloucester, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 7 grants totaling $32K. Net investment income was $683K.
Key facts about Isabel Babson Memorial Incorporated
- EIN
- 04-6031813
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $32,000
- Grants made (2024)
- 7
- Average grant
- $4,571
- Median grant
- $4,000
- Total assets
- $4,314,809
- Primary geography
- New Hampshire (38% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Isabel Babson Memorial Incorporated funds
By grant dollars, the top recipient states for Isabel Babson Memorial Incorporated's 7 itemized 2024 grants were New Hampshire (38%), Massachusetts (25%) and Maine (13%). None of its 7 grants with a stated purpose were described as general or operating support.
How Isabel Babson Memorial Incorporated gives
- Giving held roughly steady from 2021 to 2024 (+7%). Method
- In 2024 it paid out 102% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Isabel Babson Memorial Incorporated
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.3M
+11.8% YoY
Annual Giving
$32K
+60.0% YoY
Grant Count
7
+75.0% YoY
Avg Grant Size
$5K
-8.6% YoY
Under IRS private-foundation payout rules, Isabel Babson Memorial Incorporated reported a distributable amount of $198K for 2024 — the minimum it must pay out in qualifying distributions.
About Isabel Babson Memorial Incorporated
Based on IRS filings
Isabel Babson Memorial Incorporated is a private foundation focused on Health, based in Gloucester, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 7 grants totaling $32K. Net investment income was $683K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 7 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,314,809 | $3,858,356 | $3,869,554 |
| Revenue | $683,186 | $21,608 | $76,019 |
| Expenses | $212,902 | $196,439 | $187,497 |
| Qualifying Distributions | $202,319 | $194,751 | $182,955 |
| Net Investment Income | $683,186 | $59,814 | $76,019 |
| Distributable Amount | $198,474 | $186,376 | $160,626 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include University of New Hampshire ($8,000), Bates College ($4,000), University of Massachusetts Boston ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| University of New Hampshire Durham, NH | Scholarship to provide future maternity and newborn nursing services. | $8,000 |
| Bates College Lewiston, ME | Scholarship to provide future maternity and newborn nursing services. | $4,000 |
| University of Massachusetts Boston Boston, MA | Scholarship to provide future maternity and newborn nursing services. | $4,000 |
| ColbySawyer College New London, NH | Scholarship to provide future maternity and newborn nursing services. | $4,000 |
| Liberty University Lynchburg, VA | Scholarship to provide future maternity and newborn nursing services. | $4,000 |
| North Shore Community College Danvers, MA | Scholarship to provide future maternity and newborn nursing services. | $4,000 |
| Quinnipiac University Hamden, CT | Scholarship to provide future maternity and newborn nursing services. | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gary C Brackett | President & Trustee | 40 | $52,250 |
| Margaret Quinn | Treasurer Secretary | 10 | $13,300 |
| Sandra J Andreson | Trustee | 1 | $1,600 |
| Louise Quinn | Trustee | 1 | $1,600 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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 2024.
How large is Isabel Babson Memorial Incorporated?
As of 2024, Isabel Babson Memorial Incorporated holds $4.3M in total assets with $683K in annual revenue. It awarded 7 grants totaling $32K in 2024.
Where does Isabel Babson Memorial Incorporated operate?
Isabel Babson Memorial Incorporated has awarded grants in Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island, Virginia.
What size grants does Isabel Babson Memorial Incorporated award?
In 2024, Isabel Babson Memorial Incorporated awarded 7 grants totaling $32K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Isabel Babson Memorial Incorporated required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Isabel Babson Memorial Incorporated reported a distributable amount of $198K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.