Kelly Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WELLESLEY, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $441K in total assets. In 2024, it awarded 4 grants totaling $24K. Net investment income was $23K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$441K
+2.4% YoY
Annual Giving
$24K
-41.3% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$6K
-55.9% YoY
Under IRS private-foundation payout rules, Kelly Foundation reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
About Kelly Foundation
Based on IRS filings
Kelly Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WELLESLEY, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $441K in total assets. In 2024, it awarded 4 grants totaling $24K. Net investment income was $23K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $440,856 | $430,409 | $465,714 |
| Revenue | $49,368 | $37,720 | $58,177 |
| Expenses | $50,502 | $63,167 | $24,912 |
| Qualifying Distributions | $23,500 | $40,000 | — |
| Net Investment Income | $22,565 | $14,464 | $33,304 |
| Distributable Amount | $29,112 | $28,952 | $22,054 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nantucket Children's Charity Classic ($10,000), Newton Wellesley Hospital ($5,000), Nantucket Cottage Hospital ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NANTUCKET CHILDREN'S CHARITY CLASSIC SIASCONSET, MA | UNRESTRICTED | $10,000 |
| NEWTON WELLESLEY HOSPITAL NEWTON, MA | UNRESTRICTED | $5,000 |
| PROSTATE CANCER FOUNDATION SANTA MONICA, CA | UNRESTRICTED | $3,500 |
| NANTUCKET COTTAGE HOSPITAL NANTUCKET, MA | UNRESTRICTED | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHRISTOPHER KELLY | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Kelly Foundation?
Kelly Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WELLESLEY, MA. It holds $441K in total assets as of 2024.
How large is Kelly Foundation?
As of 2024, Kelly Foundation holds $441K in total assets with $49K in annual revenue. It awarded 4 grants totaling $24K in 2024.
Where does Kelly Foundation operate?
Kelly Foundation has awarded grants in California, Massachusetts.
What size grants does Kelly Foundation award?
In 2024, Kelly Foundation awarded 4 grants totaling $24K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Kelly Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kelly Foundation reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kelly Foundation's EIN?
Kelly Foundation's EIN (Employer Identification Number) is 04-6880136. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Kelly Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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