Kellwell Foundation
Kellwell Foundation is a private foundation, based in Lexington, MA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 2 grants totaling $300K. Net investment income was $962K.
Kellwell Foundation at a glance
In short: Kellwell Foundation gave $300K across 2 grants in 2025 (avg $150K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $300,000
- +507.3% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $150,000
- +203.6% vs 2024
- Median grant
- $150,000
- Total assets
- $1,277,595
- +107.1% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Kellwell Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Boston Medical Central ($250K). Together the top 2 received $300K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 5 grants of 12 (42%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Kellwell Foundation gives
- Giving grew 94% from 2022 to 2025. Method
- In 2025 it paid out 447% of its IRS minimum distribution (the 5% rule). 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 2022 to 2025, annual grant giving ranged from $49K (2024) to $301K (2023). In 2025 it made 2 grants totaling $300K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boston Medical Central Boston, MA | Best Program for Psychiatrics Department | $250,000 |
| The Possible Project Cambridge, MA | General Charitable Purposes | $50,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,277,595 | $973,006 | $312,226 | $300,000 | 2 | $300,000 | $962,306 | $67,094 |
| 2024 | $616,815 | $25,821 | $51,670 | $49,400 | 1 | $49,400 | $24,873 | $82,768 |
| 2023 | $594,868 | $25,494 | $304,432 | $301,192 | 6 | $301,192 | $24,486 | $72,484 |
| 2022 | $645,114 | $20,174 | $167,662 | $155,000 | 3 | $155,000 | $9,606 | $83,135 |
| 2021 | $1,995,455 | $2,008,786 | — | — | — | — | $5 | $8,105 |
Under IRS private-foundation payout rules, Kellwell Foundation reported a distributable amount of $67K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Kellwell Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lisa E. Kelly
Trustee
On filings since 2021
1 hr/week
No compensation reported
Thomas A. Croswell
Trustee
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Kellwell Foundation
How much does Kellwell Foundation give each year?
Kellwell Foundation gave $300K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $49K across 1 grant.
How large is Kellwell Foundation?
Kellwell Foundation reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $300K in qualifying distributions that year, against a required minimum of $67K (roughly 5% of its investment assets).
Where does Kellwell Foundation operate?
Kellwell Foundation has awarded grants in Massachusetts, Nevada.
What is Kellwell Foundation's EIN?
Kellwell Foundation's EIN (Employer Identification Number) is 87-6837473. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Kellwell Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Kellwell Foundation's focus areas in our free grants database
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