Lovett-Woodsum Foundation Inc
Lovett-Woodsum Foundation Inc is a private foundation based in Boston, Massachusetts. In 2024, it made 85 grants totaling $1,927,710 to charitable organizations, with the largest shares of grant dollars going to recipients in Massachusetts and New Hampshire.
Lovett-Woodsum Foundation Inc at a glance
In short: Lovett-Woodsum Foundation Inc gave $1.9M across 85 grants in 2024 (avg $23K), mostly in Massachusetts. 20% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,927,710
- +56.4% vs 2023
- Grants made (2024)
- 85
- +3.7% vs 2023
- Average grant
- $22,679
- +50.9% vs 2023
- Median grant
- $8,000
- Total assets
- $87,599,707
- +7.3% vs 2023
- New grantees (estimate)
- 20% first-time grantees (17 of 85, 2024)
- Primary geography
- Massachusetts (74% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Lovett-Woodsum Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 21 Commonwealth Avenue, Boston, MA 02116
Phone: (617) 247-2515
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Lovett-Woodsum Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was City Year ($400K). Together the top 10 received $1.3M.
Grant Size Distribution
470 grants across all recorded years
The most common grant size was under $50K: 427 grants of 470 (91%).
Geographic Focus
Where this funder awards grants
In 2024, Massachusetts recipients received 74% of grant dollars and New Hampshire recipients received 15%. Florida recipients received 7%; recipients in the District of Columbia and Connecticut each received 1%.
Grant Distribution by State
Share of 2024 grant dollars across all 85 itemized grants.
States
Cities
Is Lovett-Woodsum Foundation Inc open to new grantees?
20%
first-time grantees, 2024
In 2024, 17 of 85 grantees (20%) were first-time recipients. First grants averaged $13K; repeat grants $25K. How we count
Medians: $5K first-time, $9K repeat.
- 56% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−8%). Method
- In 2024 it paid out 42% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $695K (2022) to $4.9M (2020). In 2024 it made 85 grants totaling $1.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City Year Boston, MA | Unrestricted | $400,000 |
| The Base Roxbury, MA | Unrestricted | $250,000 |
| Year Up Boston, MA | Unrestricted | $200,000 |
| Boston Children's Museum Boston, MA | Unrestricted | $100,000 |
| Museum Of Fine Arts Boston, MA | Unrestricted | $100,000 |
| Alexander Twilight Academy Boston, MA | Unrestricted | $75,000 |
| Plymouth Rotary Foundation Plymouth, NH | Unrestricted | $75,000 |
| Initiative For a Competitive Inner City Boston, MA | Unrestricted | $50,000 |
| Boston Symphony Orchestra Boston, MA | Unrestricted | $30,000 |
| Plymouth Congregational Church Plymouth, NH | Unrestricted | $27,250 |
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Financial History
Multi-year comparison from IRS filings
The foundation’s 2023 filing describes a program involving “HKL I LLC - Sale or exchange of QSB stock with section 1202 exclusion.”
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $87,599,707 | $8,166,879 | $2,219,111 | $1,927,710 | 85 | $1,927,710 | $7,885,147 | $4,537,617 |
| 2023 | $81,647,422 | $353,264 | $1,487,381 | $1,232,736 | 82 | $1,232,736 | $1,598,392 | $4,005,935 |
| 2022 | $82,773,529 | $19,597,124 | $1,134,704 | $695,321 | 50 | $695,321 | $1,519,395 | $3,904,801 |
| 2021 | $64,311,801 | $10,432,325 | $2,492,059 | $2,084,603 | 93 | — | $9,488,453 | $3,682,704 |
| 2020 | $56,438,458 | $16,945,566 | $5,157,110 | $4,906,265 | 160 | — | $12,373,512 | $2,874,710 |
Under IRS private-foundation payout rules, Lovett-Woodsum Foundation Inc reported a distributable amount of $4.5M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s 2024 grants included support for organizations with varied missions. Year Up describes its mission as closing the opportunity divide by helping young adults gain skills, experience, and support for careers and higher education. The Boston Symphony Orchestra says it is dedicated to musical performances and educational and training programs. Friends of Miami Animals Foundation says it provides education, advocacy, and financial support to improve the lives of homeless animals in Miami-Dade County.
Other 2024 recipients included Courageous Parents Network, which says it supports parents and families of children with life-limiting illness, and Squam Lakes Conservation Society, which says it works to preserve the quality and character of the Squam watershed. Squam Lakes Natural Science Center describes its work as advancing understanding of ecology by exploring New Hampshire’s natural world.
Grantmaking
In 2024, the foundation made 85 grants totaling $1,927,710. Grants ranged from $7 to $400,000, with a median grant of $8,000. The largest grants listed were $400,000 to City Year, $250,000 to The Base, and $200,000 to Year Up. Other notable grants included $100,000 each to Boston Children’s Museum and the Museum of Fine Arts, and $75,000 each to Alexander Twilight Academy and Plymouth Rotary Foundation. The listed largest grants had unrestricted purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Anne R Lovett as President, Stephen G Woodsum as Treasurer, and David H Hopfenberg as Clerk.
Lovett-Woodsum Foundation Inc is led by Anne R Lovett, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Anne R Lovett
President
On filings since 2020
No compensation reported
David H Hopfenberg
Clerk
On filings since 2020
No compensation reported
Stephen G Woodsum
Treasurer
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.
Frequently asked questions about Lovett-Woodsum Foundation Inc
How much does Lovett-Woodsum Foundation Inc give each year?
Lovett-Woodsum Foundation Inc gave $1.9M across 85 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.2M across 82 grants.
What is Lovett-Woodsum Foundation Inc's typical grant size?
Lovett-Woodsum Foundation Inc's median grant in 2024 was $8,000, and its average grant was $22,679, across 85 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Lovett-Woodsum Foundation Inc that year got $13K on average.
Where does Lovett-Woodsum Foundation Inc give grants?
Lovett-Woodsum Foundation Inc gives mostly in Massachusetts: 74% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New Hampshire (15%) and Florida (7%). The most frequent recipient cities were Boston, MA (24 grants), Key Largo, FL (6 grants), Plymouth, NH (5 grants) and Holderness, NH (5 grants).
Does Lovett-Woodsum Foundation Inc give general operating support?
Yes: 100% of Lovett-Woodsum Foundation Inc's 2024 grants with a stated purpose (85 of 85) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Lovett-Woodsum Foundation Inc's largest grantees?
Lovett-Woodsum Foundation Inc's largest 2024 grantees include City Year ($400,000), The Base ($250,000) and Year Up ($200,000), according to its 2024 IRS Form 990-PF. Together they received 44% of its itemized 2024 grant dollars.
How large is Lovett-Woodsum Foundation Inc?
Lovett-Woodsum Foundation Inc reported $87.6M in total assets on its 2024 IRS Form 990-PF. It paid out $1.9M in qualifying distributions that year, against a required minimum of $4.5M (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 Lovett-Woodsum Foundation Inc fund?
The foundation’s 2024 grants included support for organizations with varied missions. Year Up describes its mission as closing the opportunity divide by helping young adults gain skills, experience, and support for careers and higher education. See mission & focus areas ↑
How do I apply for a grant from Lovett-Woodsum Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Lovett-Woodsum Foundation Inc's EIN?
Lovett-Woodsum Foundation Inc's EIN (Employer Identification Number) is 04-2944183. IRS Form 990 filing data is available on this page for 2020–2024.
Does Lovett-Woodsum Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Lovett-Woodsum Foundation Inc funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/lovett-woodsum-foundation-inc-morg_08d998a302d946f2a4e9efc4c32cf677
BibTeX
@misc{grantable_042944183_2026,
author = {{Grantable}},
title = {{Lovett-Woodsum Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/lovett-woodsum-foundation-inc-morg_08d998a302d946f2a4e9efc4c32cf677},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Lovett-Woodsum Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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