Lillian M Bassett Private Foundation
Lillian M Bassett Private Foundation is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $234K in total assets. In 2025, it awarded 2 grants totaling $15K. Net investment income was $19K.
Lillian M Bassett Private Foundation at a glance
In short: Lillian M Bassett Private Foundation gave $15K across 2 grants in 2025 (avg $7K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $14,500
- +3.6% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $7,250
- +3.6% vs 2024
- Median grant
- $7,250
- Total assets
- $234,470
- +0.7% 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 Lillian M Bassett Private Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Tufts University ($7K). Together the top 2 received $15K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Lillian M Bassett Private Foundation gives
- Giving held roughly steady from 2022 to 2025 (−14%). Method
- In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2025, annual grant giving ranged from $11K (2020) to $17K (2022). In 2025 it made 2 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tufts University Medford, MA | Scholarship | $7,250 |
| Harvard University Cambridge, MA | Scholarship | $7,250 |
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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 | $234,470 | $22,613 | $20,902 | $14,500 | 2 | $15,361 | $19,446 | $16,019 |
| 2024 | $232,879 | $15,784 | $20,621 | $14,000 | 2 | $17,287 | $12,825 | $15,341 |
| 2023 | $235,789 | $26,428 | $19,226 | $13,400 | 2 | $16,219 | $23,628 | $13,429 |
| 2022 | $229,093 | $23,093 | $23,114 | $16,800 | 2 | $19,827 | $20,179 | $13,665 |
| 2021 | $229,102 | $28,361 | $19,974 | $13,000 | 2 | $16,308 | $25,188 | $15,518 |
| 2020 | $220,335 | $22,281 | $17,105 | $11,000 | 2 | — | $19,407 | $13,492 |
Under IRS private-foundation payout rules, Lillian M Bassett Private Foundation reported a distributable amount of $16K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lillian M Bassett Private Foundation's only listed officer is Eastern Bank Trustee, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Eastern Bank Trustee
Trustee
On filings since 2020
1 hr/week
$706 (2020) → $823 (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $823, to Eastern Bank Trustee (Trustee).
Frequently asked questions about Lillian M Bassett Private Foundation
How much does Lillian M Bassett Private Foundation give each year?
Lillian M Bassett Private Foundation gave $15K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $14K across 2 grants.
How large is Lillian M Bassett Private Foundation?
Lillian M Bassett Private Foundation reported $234K in total assets on its 2025 IRS Form 990-PF. It paid out $15K in qualifying distributions that year, against a required minimum of $16K (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.
Where does Lillian M Bassett Private Foundation operate?
Lillian M Bassett Private Foundation has awarded grants in Massachusetts, Michigan, Pennsylvania, Rhode Island, Vermont.
What is Lillian M Bassett Private Foundation's EIN?
Lillian M Bassett Private Foundation's EIN (Employer Identification Number) is 04-6606391. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
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