Jacob Family Foundation
Jacob Family Foundation is a private foundation, 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.
Jacob Family Foundation at a glance
In short: Jacob Family Foundation gave $28K across 4 grants in 2024 (avg $7K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $28,000
- +16.7% vs 2023
- Grants made (2024)
- 4
- -42.9% vs 2023
- Average grant
- $7,000
- +104.2% vs 2023
- Median grant
- $6,000
- Total assets
- $902,089
- +35.8% vs 2023
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Jacob Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Wellspring House ($12K across 2 grants). Together the top 3 received $28K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $24K (2023) to $28K (2024). In 2024 it made 4 grants totaling $28K.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $902,089 | $156,864 | $40,492 | $28,000 | 4 | $28,000 | $7,990 | $38,465 |
| 2023 | $664,466 | $38,030 | $36,896 | $24,000 | 7 | $24,000 | $827 | $30,115 |
| 2022 | $558,903 | $283,200 | $31,457 | — | — | — | $68,360 | $20,377 |
| 2021 | $307,160 | $317,160 | $10,000 | — | — | — | — | $15,128 |
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.
Leadership & Key People
Officers and directors from IRS filings
Jacob Family Foundation is led by Neil Jacob, President & Director on every filing since 2021; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Neil Jacob
President & Director
On filings since 2021
5 hrs/week
No compensation reported
Chapin Jacob
Secretary & Director
On filings since 2021
1 hr/week
No compensation reported
Charlie Jacob
Treasurer & Director
On filings since 2021
1 hr/week
No compensation reported
Laurie Jacob
Vice President & Director
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Jacob Family Foundation
How much does Jacob Family Foundation give each year?
Jacob Family Foundation gave $28K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $24K across 7 grants.
What is Jacob Family Foundation's typical grant size?
Jacob Family Foundation's median grant in 2024 was $6,000, and its average grant was $7,000, across 4 grants on its 2024 IRS Form 990-PF.
Where does Jacob Family Foundation give grants?
Jacob Family Foundation gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Gloucester, MA (2 grants).
How large is Jacob Family Foundation?
Jacob Family Foundation reported $902K in total assets on its 2024 IRS Form 990-PF. It paid out $28K in qualifying distributions that year, against a required minimum of $38K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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