Mary T Lane Foundation Charitable Trust
Mary T Lane Foundation Charitable Trust is a private foundation based in Boston, Massachusetts. Its 2025 filing describes scholarships for high school graduates domiciled in Rockport, Massachusetts, who have strong academic and moral qualifications; financial need is considered.
Mary T Lane Foundation Charitable Trust at a glance
In short: Mary T Lane Foundation Charitable Trust gave $175K across 23 grants in 2025 (avg $8K), mostly in Massachusetts. 30% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $175,000
- +2.9% vs 2024
- Grants made (2025)
- 23
- +9.5% vs 2024
- Average grant
- $7,609
- -6.0% vs 2024
- Median grant
- $5,000
- Total assets
- $3,257,747
- +3.7% vs 2024
- New grantees (estimate)
- 30% first-time grantees (7 of 23, 2025; small sample)
- Primary geography
- Massachusetts (63% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Mary T Lane Foundation Charitable Trust
- How to Apply
-
Application forms are available upon request. Candidates are selected annually. Awards are restricted to high school graduates domiciled in Rockport, Massachusetts, who possess strong academic and moral qualifications; financial need will be considered.
- Review Cycle
- Candidates are selected annually; the filing does not give a specific date.
- Deadline
- Candidates are selected annually; the filing does not give a specific date.
- Contact
Application contact: Eastern Bank Co Chris Drew
Mailing address: 605 Broadway Lf 41, Saugus, MA 01906
Phone: (781) 581-4292
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Mary T Lane Foundation Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was University of Massachusetts - Dartmouth ($15K). Together the top 10 received $105K.
Grant Size Distribution
103 grants across all recorded years
The most common grant size was under $50K: 103 grants of 103 (100%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports that 63% of grant dollars went to recipients in Massachusetts, 14% to New York, 6% to Washington, D.C., and 6% to Virginia. The filing also lists an unidentified recipient-state category at 6%. The foundation’s stated scholarship eligibility is limited to high school graduates domiciled in Rockport, Massachusetts.
Grant Distribution by State
Share of 2025 grant dollars across all 23 itemized grants.
States
Cities
Is Mary T Lane Foundation Charitable Trust open to new grantees?
30%
first-time grantees, 2025
In 2025, 7 of 23 grantees (30%) were first-time recipients. With only 23 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. First grants averaged $7K; repeat grants $8K. How we count
Medians: $5K first-time, $8K repeat.
- 70% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−8%). Method
- In 2025 it paid out 87% 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 (2020–2025). 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 2025, annual grant giving ranged from $139K (2020) to $191K (2022). In 2025 it made 23 grants totaling $175K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Massachusetts - Dartmouth Dartmouth, MA | Scholarship | $15,000 |
| University of Essex - UK | Scholarship | $10,000 |
| Northeastern University Boston, MA | Scholarship | $10,000 |
| Gordon College Wenham, MA | Scholarship | $10,000 |
| Boston College Chestnut Hill, MA | Scholarship | $10,000 |
| Boston University Boston, MA | Scholarship | $10,000 |
| Emmanuel College Boston, MA | Scholarship | $10,000 |
| St John's University Jamaica, NY | Scholarship | $10,000 |
| Rochester Institute of Technology Rochester, NY | Scholarship | $10,000 |
| George Washington University Washington, DC | Scholarship | $10,000 |
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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 | $3,257,747 | $343,821 | $225,661 | $175,000 | 23 | $180,802 | $319,005 | $208,111 |
| 2024 | $3,141,327 | $228,784 | $216,996 | $170,000 | 21 | $191,617 | $206,077 | $195,922 |
| 2023 | $3,108,179 | $257,107 | $220,132 | $175,000 | 19 | $195,446 | $235,691 | $173,274 |
| 2022 | $3,079,917 | $301,307 | $239,070 | $191,000 | 20 | $211,803 | $278,899 | $175,526 |
| 2021 | $3,021,297 | $347,104 | $201,733 | $149,000 | 20 | $172,103 | $322,744 | $198,567 |
| 2020 | $2,869,206 | $275,335 | $180,756 | $139,200 | 19 | — | $253,905 | $172,325 |
Under IRS private-foundation payout rules, Mary T Lane Foundation Charitable Trust reported a distributable amount of $208K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 filing identifies scholarships as its grant purpose and describes eligible candidates as Rockport-domiciled high school graduates with strong academic and moral qualifications, with financial need considered.
Among its 2025 grantees, Rochester Institute of Technology describes its mission as using technology, the arts, and design for the greater good. Massachusetts College of Art and Design says it supports educational programs, exhibits, awards, and scholarships for its students. Wentworth Institute of Technology describes a focus on experiential learning and career success.
Grantmaking
In 2025, the foundation gave $175,000 through 23 grants. Grant amounts ranged from $5,000 to $15,000, with a median of $5,000. Listed awards included $15,000 to the University of Massachusetts–Dartmouth and $10,000 each to the University of Essex, Northeastern University, Gordon College, Boston College, Boston University, Emmanuel College, St. John’s University, Rochester Institute of Technology, George Washington University, and the College of William & Mary. The University of Massachusetts–Lowell received $5,000.
Other 2025 recipients included Massachusetts College of Art and Design, Stonehill College, and Wentworth Institute of Technology, each receiving $5,000.
Leadership & Key People
Leadership team and compensation from IRS filings
Eastern Bank is listed as trustee on the 2025 filing.
Mary T Lane Foundation Charitable Trust's only listed officer is Eastern Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Eastern Bank
Trustee
On filings since 2020
2 hrs/week
$9K (2020) → $11K (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 $11K, to Eastern Bank (Trustee).
Frequently asked questions about Mary T Lane Foundation Charitable Trust
How much does Mary T Lane Foundation Charitable Trust give each year?
Mary T Lane Foundation Charitable Trust gave $175K across 23 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $170K across 21 grants.
What is Mary T Lane Foundation Charitable Trust's typical grant size?
Mary T Lane Foundation Charitable Trust's median grant in 2025 was $5,000, and its average grant was $7,609, across 23 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Mary T Lane Foundation Charitable Trust that year got $7K on average.
Where does Mary T Lane Foundation Charitable Trust give grants?
Mary T Lane Foundation Charitable Trust gives mostly in Massachusetts: 63% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (14%) and District of Columbia (6%). The most frequent recipient cities were Boston, MA (7 grants).
Does Mary T Lane Foundation Charitable Trust give general operating support?
Not in 2025: none of the 23 grants with a stated purpose on Mary T Lane Foundation Charitable Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (23 grants).
Who are Mary T Lane Foundation Charitable Trust's largest grantees?
Mary T Lane Foundation Charitable Trust's largest 2025 grantees include University of Massachusetts - Dartmouth ($15,000), University of Essex - UK ($10,000) and Northeastern University ($10,000), according to its 2025 IRS Form 990-PF. Together they received 20% of its itemized 2025 grant dollars.
How large is Mary T Lane Foundation Charitable Trust?
Mary T Lane Foundation Charitable Trust reported $3.3M in total assets on its 2025 IRS Form 990-PF. It paid out $181K in qualifying distributions that year, against a required minimum of $208K (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 Mary T Lane Foundation Charitable Trust fund?
No mission statement for the foundation is provided. Its 2025 filing identifies scholarships as its grant purpose and describes eligible candidates as Rockport-domiciled high school graduates with strong academic and moral qualifications, with financial need considered. See mission & focus areas ↑
How do I apply for a grant from Mary T Lane Foundation Charitable Trust?
Application forms are available upon request. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Mary T Lane Foundation Charitable Trust's EIN?
Mary T Lane Foundation Charitable Trust's EIN (Employer Identification Number) is 46-6868808. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
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 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Mary T Lane Foundation Charitable Trust funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/mary-t-lane-foundation-charitable-trust-morg_fb0b7598eb124a15b31e28db439c6fdf
BibTeX
@misc{grantable_466868808_2026,
author = {{Grantable}},
title = {{Mary T Lane Foundation Charitable Trust funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/mary-t-lane-foundation-charitable-trust-morg_fb0b7598eb124a15b31e28db439c6fdf},
note = {Accessed 2026-10-14. 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 Mary T Lane Foundation Charitable Trust'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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