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Kelly Family Foundation

Private foundation · Grantmaker Vero Beach, FL EIN: 20-2025122 Website

The Kelly Family Foundation is a private foundation based in Vero Beach, Florida. Its stated primary mission is to support organizations fostering education, mentoring relationships, welfare, and the arts for young people in the Greater Boston community.

Key facts about Kelly Family Foundation

In short: Kelly Family Foundation gave $280K across 43 grants in 2024 (avg $7K), top state Massachusetts. 14% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

EIN
20-2025122
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$279,889
Grants made (2024)
43
Average grant
$6,509
Median grant
$2,000
New grantees (estimate)
14% first-time grantees (6 of 43, 2024)
Total assets
$4,451,311
Primary geography
Massachusetts (43% of itemized 2024 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation does not accept unsolicited requests and states that it contributes only to preselected charitable organizations. Full details ↓

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

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

43

-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.

Is Kelly Family Foundation open to new grantees?

14%

first-time grantees, 2024

In 2024, 6 of 43 grantees (14%) were first-time recipients. First grants averaged $3K; repeat grants $7K. How we count

Medians: $1K first-time, $2K repeat.

  • 86% of 2024 grantees were also funded in 2023. Method
  • Giving held roughly steady from 2021 to 2024 (−1%). Method
  • In 2024 it paid out 86% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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

Mission & Focus Areas

The foundation’s website identifies education, mentoring relationships, welfare, and the arts for young people in Greater Boston as its primary mission. Its 2024 grants also included purposes identified in the filing as community service, nature, health care, hospital, and education.

Grantees’ own descriptions illustrate the range of organizations supported. Alliance to Protect Nantucket Sound describes its work as preserving the Sound’s ecology and seeking its designation as a National Historic Landmark. Community Boating Center says it provides recreational sailing and boating instruction and access, emphasizing children and environmental awareness. Habitat for Humanity describes providing affordable housing to qualifying low-income families in the Jacksonville area. These are the grantees’ stated missions, not stated foundation programs.

Grantmaking

In 2024, the foundation made 43 grants totaling $279,889. Grant amounts ranged from $100 to $50,000, with a median of $2,000. Its largest listed grants were $50,000 each to Boston College High School and Hillsdale College, both for education, and $45,000 to the Heritage Foundation for community service. Other listed awards included $15,000 to Rhode Island Family Literacy for community service; $12,000 to Alliance to Protect Nantucket Sound for nature; and $10,000 to Beth Israel Deaconess Medical Center for health care.

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Geographic Focus

Where this funder awards grants

The website’s guidelines state that grants will be made to organizations in Eastern and Central Massachusetts; its mission statement refers to the Greater Boston community. The 2024 filing shows grant dollars went to recipients in Massachusetts (43%), the District of Columbia (21%), Michigan (18%), Florida (9%), and Rhode Island (8%).

Grant Distribution by State

11states

Share of 2024 grant dollars across all 43 itemized grants.

Cities

Vero BeachDuxburyWashingtonOstervilleProvidenceBostonHyannisChestnut HillBrightonHillsdaleNortonYarmouth PortHinghamPlymouthMashpeePittsburghArlingtonBaca RatonChicagoBarrington

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K43 grants2020 45 grants2021 43 grants2022 44 grants2023 43 grants2024

From 2020 to 2024, annual grant giving ranged from $264K (2020) to $343K (2022). In 2024 it made 43 grants totaling $280K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Boston College High School: $50KBoston College High School$50KHillsdale College: $50KHillsdale College$50KHeritage Foundation: $45KHeritage Foundation$45KRhode Island Family Literacy: $15KRhode Island Family Literacy$15KAlliance to Protect Nantucker Sound: $12KAlliance to Protect NantuckerSound$12KBeth Israel Deaconess Medical Cente: $10KBeth Israel Deaconess MedicalCente$10KBoston College: $10KBoston College$10KBoston College Twin CS Program: $10KBoston College Twin CS Program$10KGrand Harbor Community Outreach: $8KGrand Harbor CommunityOutreach$8KHabitat for Humanity: $8KHabitat for Humanity$8K

The largest 2024 recipient was Boston College High School ($50K). Together the top 10 received $218K.

Grant Size Distribution

218 grants across all recorded years

210<$50K5$50–100K3$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 210 grants of 218 (96%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Boston College High School Boston, MAEducation$50,000
Hillsdale College Hillsdale, MIEducation$50,000
Heritage Foundation Washington, DCCommunity Service$45,000
Rhode Island Family Literacy Providence, RICommunity Service$15,000
Alliance to Protect Nantucker Sound Hyannis, MANATURE$12,000
Beth Israel Deaconess Medical Cente Boston, MAHealth Care$10,000
Boston College Chestnut Hill, MAEducation$10,000
Boston College Twin CS Program Chestnut Hill, MAEducation$9,999
Grand Harbor Community Outreach Vero Beach, FLCommunity Service$8,000
Habitat for Humanity Vero Beach, FLCommunity Service$8,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants Grant count
2024 $4,451,311 $504,769 $363,348 $279,889 43
2023 $4,306,806 $171,059 $374,949 $301,137 44
2022 $4,507,274 $202,943 $426,509 $343,356 43
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2020 2021 2022 2023 2024
Metric202420232022
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists David M. Kelly as president; Robert M. Kelly and David M. Kelly Jr. as officers; and Susan B. Kelly, Michelle B. Kelly, and Michelle Kelly as directors.

Kelly Family Foundation is led by David M. Kelly, President on every filing since 2020; 1 of 5 officers listed in 2024 is compensated.

Officers on the 2024 filing

  • David M. Kelly

    President

    On filings since 2020

    1 hr/week

    $45K (2020) → $60K (2024)

  • Michelle B. Kelly

    Director

    On filings since 2020

    No compensation reported

  • Susan B. Kelly

    Director

    On filings since 2020

    No compensation reported

  • David M. Kelly Jr.

    Officer

    On filings since 2020

    No compensation reported

  • Robert M. Kelly

    Officer

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

David M Kelly — President: $60KDavid M KellyPresident$60K

The highest reported compensation on the 2024 filing was $60K, to David M Kelly (President).

Contact

Mailing address: 4845 River Village Dr, Vero Beach, FL 32967
Phone: (772) 539-9770
Website: https://thekellyfamilyfoundation.org

Frequently asked questions about Kelly Family Foundation

How much does Kelly Family Foundation give each year?

Kelly Family Foundation gave $280K across 43 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $301K across 44 grants.

What is Kelly Family Foundation's typical grant size?

Kelly Family Foundation's median grant in 2024 was $2,000, and its average grant was $6,509, across 43 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Kelly Family Foundation that year got $3K on average.

Where does Kelly Family Foundation give grants?

Kelly Family Foundation's top state is Massachusetts, with 43% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were District of Columbia (21%) and Michigan (18%). The most frequent recipient cities were Vero Beach, FL (8 grants), Washington, DC (6 grants), Osterville, MA (5 grants) and Duxbury, MA (5 grants).

Does Kelly Family Foundation give general operating support?

Occasionally: 2% of Kelly Family Foundation's 2024 grants with a stated purpose (1 of 43) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Community Service" (26 grants) and "Education" (12 grants).

Who are Kelly Family Foundation's largest grantees?

Kelly Family Foundation's largest 2024 grantees include Boston College High School ($50,000), Hillsdale College ($50,000) and Heritage Foundation ($45,000), according to its 2024 IRS Form 990-PF. Together they received 52% of its itemized 2024 grant dollars.

How large is Kelly Family Foundation?

Kelly Family Foundation reported $4.5M in total assets on its 2024 IRS Form 990-PF. It paid out $361K in qualifying distributions that year, against a required minimum of $418K (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 does Kelly Family Foundation fund?

The foundation’s website identifies education, mentoring relationships, welfare, and the arts for young people in Greater Boston as its primary mission. Its 2024 grants also included purposes identified in the filing as community service, nature, health care, hospital, and education. See mission & focus areas ↑

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

The foundation does not accept unsolicited requests and states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Kelly Family Foundation's EIN?

Kelly Family Foundation's EIN (Employer Identification Number) is 20-2025122. IRS Form 990 filing data is available on this page for 2020–2024.

Does Kelly Family Foundation accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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