Millicent and Eugene Bell Foundation
Millicent and Eugene Bell Foundation is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 6 grants totaling $283K. Net investment income was $288K.
Millicent and Eugene Bell Foundation at a glance
In short: Millicent and Eugene Bell Foundation gave $283K across 6 grants in 2024 (avg $47K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $283,000
- -10.6% vs 2023
- Grants made (2024)
- 6
- -33.3% vs 2023
- Average grant
- $47,167
- +34.1% vs 2023
- Median grant
- $48,000
- Total assets
- $2,189,267
- -10.6% vs 2023
- Primary geography
- New York (60% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Millicent and Eugene Bell Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Massachusetts General Hospital ($100K). Together the top 6 received $283K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 33 grants of 45 (73%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Millicent and Eugene Bell Foundation gives
- Giving held roughly steady from 2021 to 2024 (+17%). Method
- In 2024 it paid out 193% 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 2024, annual grant giving ranged from $241K (2021) to $593K (2022). In 2024 it made 6 grants totaling $283K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts General Hospital Boston, MA | Geriatric Outpatient Psychiatry Program | $100,000 |
| American Theatre Wing New York, NY | 2023 GALA | $50,000 |
| Wherever We Go LLC New York, NY | General Fund | $50,000 |
| LDK Productions New York, NY | Man Among Men | $46,000 |
| Red Bull Theatre New York, NY | General Fund | $24,000 |
| College Light Opera Company Falmouth, MA | Sponsorships for Little Shop and Gypsy | $13,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,189,267 | $335,692 | $595,695 | $283,000 | 6 | $549,203 | $288,041 | $284,978 |
| 2023 | $2,449,270 | $527,763 | $923,875 | $316,523 | 9 | $870,373 | $472,252 | $284,415 |
| 2022 | $2,701,987 | $496,406 | $1,142,864 | $592,810 | 12 | $1,085,598 | $434,089 | $310,472 |
| 2021 | $3,348,445 | $719,486 | $1,359,042 | $241,000 | 8 | $1,304,653 | $658,214 | $331,294 |
| 2020 | $4,207,615 | $612,000 | $932,428 | $496,500 | 10 | — | $246,199 | $348,298 |
Under IRS private-foundation payout rules, Millicent and Eugene Bell Foundation reported a distributable amount of $285K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Millicent and Eugene Bell Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Margaret J. Fofonoff
Trustee
On filings since 2020
20 hrs/week
No compensation reported
Thomas P. Jalkut
Trustee
On filings since 2020
2 hrs/week
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 Millicent and Eugene Bell Foundation
How much does Millicent and Eugene Bell Foundation give each year?
Millicent and Eugene Bell Foundation gave $283K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $317K across 9 grants.
What is Millicent and Eugene Bell Foundation's typical grant size?
Millicent and Eugene Bell Foundation's median grant in 2024 was $48,000, and its average grant was $47,167, across 6 grants on its 2024 IRS Form 990-PF.
Where does Millicent and Eugene Bell Foundation give grants?
Millicent and Eugene Bell Foundation gives mostly in New York: 60% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (40%). The most frequent recipient cities were New York, NY (4 grants).
Does Millicent and Eugene Bell Foundation give general operating support?
Yes: 33% of Millicent and Eugene Bell Foundation's 2024 grants with a stated purpose (2 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Millicent and Eugene Bell Foundation's largest grantees?
Millicent and Eugene Bell Foundation's largest 2024 grantees include Massachusetts General Hospital ($100,000), American Theatre Wing ($50,000) and Wherever We Go LLC ($50,000), according to its 2024 IRS Form 990-PF. Together they received 71% of its itemized 2024 grant dollars.
How large is Millicent and Eugene Bell Foundation?
Millicent and Eugene Bell Foundation reported $2.2M in total assets on its 2024 IRS Form 990-PF. It paid out $549K in qualifying distributions that year, against a required minimum of $285K (roughly 5% of its investment assets).
What is Millicent and Eugene Bell Foundation's EIN?
Millicent and Eugene Bell Foundation's EIN (Employer Identification Number) is 26-3990463. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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