James J Pallotta Charitable Trust
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
20
-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.
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
States
Cities
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
| 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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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