Kelly Family Foundation

VERO BEACH, FL EIN: 20-2025122 Website

The Kelly Family Foundation is a private charitable foundation based in Vero Beach, Florida. Established in 2005, the foundation makes charitable contributions to 501(c)(3) organizations focused on community service, education, health care, research, nature, and hospital-related activities.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.5M

+3.4% YoY

Annual Giving

$280K

-7.1% YoY

Grant Count

-2.3% YoY

Avg Grant Size

$7K

-4.9% YoY

Under IRS private-foundation payout rules, Kelly Family Foundation reported a distributable amount of $418K 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's primary purpose is to fund community service, education, health care, research, nature, and hospital-related activities through charitable contributions to qualified nonprofit organizations. Education represents a significant funding priority, along with community service initiatives.

Grantmaking

The foundation distributed an additional $209,900 across approximately 25 additional grants in 2024.

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in Massachusetts, Florida, and the District of Columbia.

Grant Distribution by State

Massachusetts $841K (57%)

Michigan $210K (14%)

District of Columbia $204K (14%)

Florida $101K (7%)

Rhode Island $100K (7%)

Pennsylvania $9K (1%)

Illinois $2K (0%)

New York $2K (0%)

+3 more states

States

California District of Columbia Florida Illinois Massachusetts Michigan New York Oklahoma Pennsylvania Rhode Island Virginia

Cities

ArlingtonBaca RatonBarringtonBostonBrightonBrocktonCambridgeChestnut HillChicagoDuxburyHillsdaleHinghamHyannisIthacaLexingtonMashpeeNew YorkNortonOstervilleOwasso

Financial History

Multi-year comparison from IRS filings

As of December 2024:

Total assets: $4,451,311
Total revenues: $504,769
Total expenses: $363,348
Number of employees: 0

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,451,311	$4,306,806	$4,507,274
Revenue	$504,769	$171,059	$202,943
Expenses	$363,348	$374,949	$426,509
Qualifying Distributions	$360,775	$372,705	$421,499
Net Investment Income	$199,104	$170,386	$202,943
Distributable Amount	$418,289	$360,488	$374,547

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

218 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Boston College High School ($50,000), Hillsdale College ($50,000), Heritage Foundation ($45,000).

Recipient	Purpose	Amount
ALLIANCE TO PROTECT NANTUCKER SOUND HYANNIS, MA	NATURE	$12,000
BARNSTABLE CWC OSTERVILLE, MA	NATURE	$1,000
BETH ISRAEL DEACONESS MEDICAL CENTE BOSTON, MA	HEALTH CARE	$10,000
BOSTON COLLEGE CHESTNUT HILL, MA	EDUCATION	$10,000
BOSTON COLLEGE HIGH SCHOOL BOSTON, MA	EDUCATION	$50,000
BOSTON COLLEGE TWIN CS PROGRAM CHESTNUT HILL, MA	EDUCATION	$9,999
CAPE COD HEALTHCARE FOUNDATION HYANNIS, MA	HOSPITAL	$5,000
CAPE COD SYMPHONY ORCHESTRA YARMOUTH PORT, MA	COMMUNITY SERVICE	$1,000
CLEVELAND CLINIC IRF VERO BEACH, FL	COMMUNITY SERVICE	$2,000
CO2 COALITION ARLINGTON, VA	COMMUNITY SERVICE	$1,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation operates with no employees on staff.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DAVID M KELLY	PRESIDENT	1	$60,000
ROBERT M KELLY	OFFICER	—	—
DAVID M KELLY JR	OFFICER	—	—
SUSAN B KELLY	DIRECTOR	—	—
MICHELLE B KELLY	DIRECTOR	—	—
MICHELLE KELLY	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Kelly Family Foundation fund?

How do I apply for a grant from Kelly Family Foundation?

**Grant Activity:** • Made 45 grants in the most recent fiscal year (2024) • Typical grant awards range from $25,000 to $100,000 • Total giving in 2024: $279,889 **Recent Grant Recipients (2024):** • Boston College High School: $50,000 (Education) • Hillsdale College: $50,000 (Education) • The Heritage Foundation: $45,000 (Community Service) The foundation distributed an additional $209,900 across approximately 25 additional grants in 2024.

Where does Kelly Family Foundation make grants?

The foundation primarily funds organizations in Massachusetts, Florida, and the District of Columbia.

What size grants does Kelly Family Foundation award?

In 2024, Kelly Family Foundation awarded 43 grants totaling $280K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Kelly Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Kelly Family Foundation reported a distributable amount of $418K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.