James J Pallotta Charitable Trust

WESTON, MA EIN: 22-3208194

The James J Pallotta Charitable Trust is a private foundation established in 1999 and based in Weston, Massachusetts. The foundation's primary purpose is to support other organizations exempt under IRC 501(c)(3) through charitable contributions. The trust is not involved in direct charitable activities.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.9M

-6.5% YoY

Annual Giving

$1.9M

-10.3% YoY

Grant Count

-9.1% YoY

Avg Grant Size

$94K

-1.3% YoY

Under IRS private-foundation payout rules, James J Pallotta Charitable Trust reported a distributable amount of $270K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation focuses on:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
General purposes
Parkinson's disease research and cure
Closing the opportunity and achievement gap caused by economic inequality for underserved, low-income communities

Grantmaking

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Geographic Focus

Where this funder awards grants

The foundation's grantmaking focuses primarily on:

Massachusetts
South Carolina
Florida

Grant Distribution by State

New York $2.8M (22%)

Massachusetts $2.6M (20%)

New Mexico $2.5M (20%)

Florida $2.4M (18%)

South Carolina $1.9M (15%)

Virginia $325K (3%)

District of Columbia $100K (1%)

Georgia $75K (1%)

+6 more states

States

District of Columbia Florida Georgia Massachusetts Maryland Maine New Hampshire New Jersey New Mexico New York Pennsylvania South Carolina Texas Virginia

Cities

AtlantaAustinBedfordBethesdaBostonBronxCambridgeCharlestonDaniel IslandDavieGoffstownGreenvilleHerndonJupiterLauderhillMiamiNantucketNew YorkNew York CityNorth Miami

Financial History

Multi-year comparison from IRS filings

Most Recent Financial Data (2023):

Total assets: $6,259,938
Total revenues: $91,336
Total expenses: $2,158,802
Number of employees: 0

Earlier Financial Data (2024):

Total assets: $5,852,290
Total giving: $1,880,000

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$5,852,290	$6,259,938	$8,327,404
Revenue	$2,022,908	$91,336	$2,661,735
Expenses	$1,956,234	$2,158,802	$2,100,509
Qualifying Distributions	$1,889,708	$2,096,000	$1,999,262
Net Investment Income	$456,919	$79,226	$1,320,027
Distributable Amount	$270,493	$400,820	$541,571

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

89 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Robin Hood Foundation ($500,000), Boston Children's Hospital Trust ($250,000), Overtown Youth Center ($250,000).

Recipient	Purpose	Amount
3POINT FOUNDATION BOSTON, MA	GENERAL PURPOSE	$25,000
MOTHER CAROLINE ACADEMY Boston, MA	General Purpose	$25,000
BOSTON CHILDREN'S HOSPITAL TRUST Boston, MA	General Purpose	$250,000
NANTUCKET BOYS & GIRLS CLUB Nantucket, MA	General Purpose	$50,000
Overtown Youth Center MIAMI, FL	GENERAL PURPOSE	$250,000
Community First Project VIRGINIA BEACH, VA	GENERAL PURPOSE	$100,000
Nantucket Conservation Foundation Inc NANTUCKET, MA	GENERAL PURPOSE	$50,000
NORTH END ATHLETIC ASSOCIATION Boston, MA	General Purpose	$25,000
International African American Museum CHARLESTON, SC	General Purpose	$200,000
Charleston Literary Festival CHARLESTON, SC	General Purpose	$25,000

Leadership & Key People

Leadership team and compensation from IRS filings

Contact:

Larry Lester (listed as contact person)
Address: C/O Larry Lester, 180 Ash Street, Weston, MA 02493

Telephone: 781-647-8160

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JAMES J PALLOTTA	TRUSTEE	—	—
KIMBERLY S PALLOTTA	TRUSTEE	—	—

Frequently Asked Questions

What does James J Pallotta Charitable Trust fund?

The foundation focuses on: • **Education** • **Philanthropy, Voluntarism & Grantmaking** • **Human Services** • **General purposes** • **Parkinson's disease research and cure** • **Closing the opportunity and achievement gap caused by economic inequality for underserved, low-income communities**

How do I apply for a grant from James J Pallotta Charitable Trust?

**Grant Activity:** • Total giving: $1,880,000 (most recent data) • Total giving: $2,095,500 (alternate reporting period) • Typical award range: $9,890–$500,000 • Made 21 grants in the most recent reporting year **Recent Grants (2023):** • West Palm Golf Community Trust: $500,000 (General Purpose) • Overtown Youth Center: $250,000 (General Purpose) • International African American Museum (IAAM): $200,000 (General Purpose)

Where does James J Pallotta Charitable Trust make grants?

The foundation's grantmaking focuses primarily on: • Massachusetts • South Carolina • Florida

What size grants does James J Pallotta Charitable Trust award?

In 2024, James J Pallotta Charitable Trust awarded 20 grants totaling $1.9M — an average of about $94K per grant, based on its IRS Form 990 filings.

How much is James J Pallotta Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, James J Pallotta Charitable Trust reported a distributable amount of $270K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is James J Pallotta Charitable Trust's EIN?

James J Pallotta Charitable Trust's EIN (Employer Identification Number) is 22-3208194. IRS Form 990 filing data is available on this page for 2020–2024.