Jacob Family Foundation
Jacob Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WELLESLEY, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $902K in total assets. In 2024, it awarded 4 grants totaling $28K. Net investment income was $8K.
Key facts about Jacob Family Foundation
- EIN
- 87-4017817
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $28,000
- Grants made (2024)
- 4
- Average grant
- $7,000
- Median grant
- $6,000
- Total assets
- $902,089
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Jacob Family Foundation funds
By grant dollars, the top recipient states for Jacob Family Foundation's 4 itemized 2024 grants were Massachusetts (100%). The most frequent recipient cities were Gloucester, MA (2 grants). None of its 4 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Purpose Designated by the Recipient" (4 grants).
How Jacob Family Foundation gives
- In 2024 it paid out 73% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$902K
+35.8% YoY
Annual Giving
$28K
+16.7% YoY
Grant Count
4
-42.9% YoY
Avg Grant Size
$7K
+104.2% YoY
Under IRS private-foundation payout rules, Jacob Family Foundation reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.
About Jacob Family Foundation
Based on IRS filings
Jacob Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WELLESLEY, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $902K in total assets. In 2024, it awarded 4 grants totaling $28K. Net investment income was $8K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $902,089 | $664,466 | $558,903 |
| Revenue | $156,864 | $38,030 | $283,200 |
| Expenses | $40,492 | $36,896 | $31,457 |
| Qualifying Distributions | $28,000 | $24,000 | — |
| Net Investment Income | $7,990 | $827 | $68,360 |
| Distributable Amount | $38,465 | $30,115 | $20,377 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Wellspring House ($12,000 across 2 grants), Mustard Seed Communities Inc ($10,000), Cathleen Stone Island Outward Bound School ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MUSTARD SEED COMMUNITIES INC MEDFIELD, MA | CHARITABLE PURPOSE DESIGNATED BY THE RECIPIENT | $10,000 |
| WELLSPRING HOUSE GLOUCESTER, MA | CHARITABLE PURPOSE DESIGNATED BY THE RECIPIENT | $6,000 |
| CATHLEEN STONE ISLAND OUTWARD BOUND SCHOOL BOSTON, MA | CHARITABLE PURPOSE DESIGNATED BY THE RECIPIENT | $6,000 |
| WELLSPRING HOUSE GLOUCESTER, MA | CHARITABLE PURPOSE DESIGNATED BY THE RECIPIENT | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Neil Jacob | President and Director | 5 | — |
| Laurie Jacob | Vice President and Director | 1 | — |
| Chapin Jacob | Secretary and Director | 1 | — |
| Charlie Jacob | Treasurer and Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Jacob Family Foundation?
Jacob Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WELLESLEY, MA. It holds $902K in total assets as of 2024.
How large is Jacob Family Foundation?
As of 2024, Jacob Family Foundation holds $902K in total assets with $157K in annual revenue. It awarded 4 grants totaling $28K in 2024.
Where does Jacob Family Foundation operate?
Jacob Family Foundation has awarded grants in Massachusetts.
What size grants does Jacob Family Foundation award?
In 2024, Jacob Family Foundation awarded 4 grants totaling $28K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Jacob Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jacob Family Foundation reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jacob Family Foundation's EIN?
Jacob Family Foundation's EIN (Employer Identification Number) is 87-4017817. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Jacob Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.