Leader Bank Charitable Foundation Corporation
Leader Bank Charitable Foundation Corporation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARLINGTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $242K in total assets. In 2024, it awarded 47 grants totaling $108K. Net investment income was $3K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$242K
-30.4% YoY
Annual Giving
$108K
+19.2% YoY
Grant Count
47
+17.5% YoY
Avg Grant Size
$2K
+1.4% YoY
Under IRS private-foundation payout rules, Leader Bank Charitable Foundation Corporation reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
About Leader Bank Charitable Foundation Corporation
Based on IRS filings
Leader Bank Charitable Foundation Corporation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARLINGTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $242K in total assets. In 2024, it awarded 47 grants totaling $108K. Net investment income was $3K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $242,076 | $347,672 | $434,341 |
| Revenue | $2,918 | $4,397 | $3,167 |
| Expenses | $108,514 | $91,066 | $78,167 |
| Qualifying Distributions | $108,400 | $90,950 | $78,100 |
| Net Investment Income | $2,864 | $4,325 | $3,132 |
| Distributable Amount | $15,302 | $20,184 | $23,831 |
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
154 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mass Association of CDCs ($7,500), Mass Affordable Housing Alliance ($7,500), LGH Charitable Trust Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 9 11 Day Irvine, CA | Hunger Relief | $2,250 |
| ACEDONE Inc Boston, MA | Immigration Assistance | $2,500 |
| Arlington Eats Inc Arlington, MA | Hunger Relief | $1,500 |
| Arlington Education Foundation Arlington, MA | Education | $1,000 |
| Asian Community Development Corp Boston, MA | Small Business Support | $3,000 |
| Breakthrough Greater Boston Cambridge, MA | Education | $1,000 |
| Builders Of Color Inc Boston, MA | Small Business Support | $2,500 |
| Center For Women Enterprise Inc Millbury, MA | Small Business Support | $500 |
| Citizens' Housing Planning Assoc Boston, MA | Affordable Housing Assistance | $4,500 |
| Community Servings Jamaica Plain, MA | Hunger Relief | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sushil Tuli | President & Director | 1 | — |
| Brook Ames | Secretary | 3 | — |
| Brian Taylor | Treasurer | 1 | — |
| Peter Conrad | Director | 1 | — |
| Priscilla Douglas | Director | 1 | — |
| VG Narayanan | Director | 1 | — |
| Eric Silverman | Director | 1 | — |
| Peter Palandjian | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Leader Bank Charitable Foundation Corporation?
Leader Bank Charitable Foundation Corporation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARLINGTON, MA. It holds $242K in total assets as of 2024.
How large is Leader Bank Charitable Foundation Corporation?
As of 2024, Leader Bank Charitable Foundation Corporation holds $242K in total assets with $3K in annual revenue. It awarded 47 grants totaling $108K in 2024.
Where does Leader Bank Charitable Foundation Corporation operate?
Leader Bank Charitable Foundation Corporation has awarded grants in California, Massachusetts, Maryland, New Hampshire, New York, Texas.
What size grants does Leader Bank Charitable Foundation Corporation award?
In 2024, Leader Bank Charitable Foundation Corporation awarded 47 grants totaling $108K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Leader Bank Charitable Foundation Corporation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Leader Bank Charitable Foundation Corporation reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Leader Bank Charitable Foundation Corporation's EIN?
Leader Bank Charitable Foundation Corporation's EIN (Employer Identification Number) is 83-3443018. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Leader Bank Charitable Foundation Corporation'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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