Malcolm and Elizabeth Fraser
Malcolm and Elizabeth Fraser is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $314K in total assets. In 2025, it awarded 9 grants totaling $79K. Net investment income was $14K.
Malcolm and Elizabeth Fraser at a glance
In short: Malcolm and Elizabeth Fraser gave $79K across 9 grants in 2025 (avg $9K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $79,000
- +218.9% vs 2024
- Grants made (2025)
- 9
- +80.0% vs 2024
- Average grant
- $8,778
- +77.2% vs 2024
- Median grant
- $10,000
- Total assets
- $313,533
- -15.4% vs 2024
- Primary geography
- Massachusetts (51% 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 Malcolm and Elizabeth Fraser funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Alsacst Jude Children's Research Hospital ($15K). Together the top 8 received $79K.
Grant Size Distribution
47 grants across all recorded years
The most common grant size was under $50K: 46 grants of 47 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
States
Cities
How Malcolm and Elizabeth Fraser gives
- Giving grew 143% from 2022 to 2025. Method
- In 2025 it paid out 265% of its IRS minimum distribution (the 5% rule). 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 $25K (2024) to $306K (2021). In 2025 it made 9 grants totaling $79K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Alsacst Jude Children's Research Hospital Memphis, TN | Unrestricted | $15,000 |
| Carousel of Light Inc Falmouth, MA | Unrestricted | $14,000 |
| Mercy Ships Garden Valley, TX | Unrestricted | $10,000 |
| Operation Smile Virginia Beach, VA | Unrestricted | $10,000 |
| Greater Boston Food Bank Boston, MA | Unrestricted | $10,000 |
| 300 Committee Land Trust East Falmouth, MA | Unrestricted | $10,000 |
| Symphony Hall Boston, MA | Unrestricted | $5,000 |
| World Service Kitchen Washington, DC | Unrestricted | $3,500 |
| Greater Boston Food Bank Boston, MA | Unrestricted | $1,500 |
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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 | $313,533 | $21,725 | $86,546 | $79,000 | 9 | $79,000 | $14,214 | $29,861 |
| 2024 | $370,580 | $25,820 | $32,310 | $24,774 | 5 | $24,774 | $18,354 | $34,297 |
| 2023 | $377,070 | $20,261 | $36,701 | $29,000 | 3 | $29,000 | $12,660 | $36,767 |
| 2022 | $393,510 | $9,634 | $39,843 | $32,500 | 6 | $32,500 | $2,340 | $35,909 |
| 2021 | $423,719 | $7,426 | $314,349 | $306,000 | 24 | $306,000 | $671 | $37,459 |
| 2020 | $730,642 | $754,773 | $36,388 | $31,500 | 5 | — | $76,606 | $12,298 |
Under IRS private-foundation payout rules, Malcolm and Elizabeth Fraser reported a distributable amount of $30K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Malcolm and Elizabeth Fraser is led by Malcolm Fraser, President - As Needed on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Malcolm Fraser
President - As Needed
On filings since 2020
No compensation reported
Gary P. Savage
Clerk - As Needed
On filings since 2020
No compensation reported
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.
Frequently asked questions about Malcolm and Elizabeth Fraser
How much does Malcolm and Elizabeth Fraser give each year?
Malcolm and Elizabeth Fraser gave $79K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 5 grants.
What is Malcolm and Elizabeth Fraser's typical grant size?
Malcolm and Elizabeth Fraser's median grant in 2025 was $10,000, and its average grant was $8,778, across 9 grants on its 2025 IRS Form 990-PF.
Where does Malcolm and Elizabeth Fraser give grants?
Malcolm and Elizabeth Fraser gives mostly in Massachusetts: 51% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Tennessee (19%) and Texas (13%). The most frequent recipient cities were Boston, MA (3 grants).
Does Malcolm and Elizabeth Fraser give general operating support?
Yes: 100% of Malcolm and Elizabeth Fraser's 2025 grants with a stated purpose (9 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Malcolm and Elizabeth Fraser's largest grantees?
Malcolm and Elizabeth Fraser's largest 2025 grantees include Alsacst Jude Children's Research Hospital ($15,000), Carousel of Light Inc ($14,000) and Greater Boston Food Bank ($11,500 across 2 grants), according to its 2025 IRS Form 990-PF. Together they received 51% of its itemized 2025 grant dollars.
How large is Malcolm and Elizabeth Fraser?
Malcolm and Elizabeth Fraser reported $314K in total assets on its 2025 IRS Form 990-PF. It paid out $79K in qualifying distributions that year, against a required minimum of $30K (roughly 5% of its investment assets).
What is Malcolm and Elizabeth Fraser's EIN?
Malcolm and Elizabeth Fraser's EIN (Employer Identification Number) is 04-3401766. 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 April 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
Live grants for the work Malcolm and Elizabeth Fraser funds
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