NBT Charitable Trust
NBT Charitable Trust is a private foundation, based in Boston, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.8M in total assets. In 2025, it awarded 9 grants totaling $300K. Net investment income was $239K.
NBT Charitable Trust at a glance
In short: NBT Charitable Trust gave $300K across 9 grants in 2025 (avg $33K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $300,000
- +20.0% vs 2024
- Grants made (2025)
- 9
- +28.6% vs 2024
- Average grant
- $33,333
- -6.7% vs 2024
- Median grant
- $30,000
- Total assets
- $2,764,170
- -2.9% 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 NBT Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Philanthropy Massachusetts Inc ($50K). Together the top 9 received $300K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 22 grants of 33 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
States
Cities
How NBT Charitable Trust gives
- Giving grew 161% from 2022 to 2025. Method
- In 2025 it paid out 122% 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 2022 to 2025, annual grant giving ranged from $115K (2022) to $483K (2023). In 2025 it made 9 grants totaling $300K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Philanthropy Massachusetts Inc Boston, MA | Summer Program | $50,000 |
| Courageous Sailing Center for Youth Inc Boston, MA | Steps to Lead Program | $50,000 |
| The Discovery Museum Acton, MA | Children's Programs | $50,000 |
| Boston Private Industry Council Inc Boston, MA | Summer Learning Project | $35,000 |
| West End House Girls Camp Allston, MA | Girls Camp | $30,000 |
| Codman Community Farms Inc Lincoln, MA | Education Dept and 50TH | $25,000 |
| WriteBoston Boston, MA | Summer Journalism Institute | $20,000 |
| Someone Else's Child Dorchester, MA | Summer Program | $20,000 |
| CASA Foundation Lynn, MA | Charitable | $20,000 |
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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 | $2,764,170 | $254,470 | $336,350 | $300,000 | 9 | $318,574 | $238,966 | $261,906 |
| 2024 | $2,846,061 | $414,365 | $298,036 | $250,000 | 7 | $266,836 | $398,221 | $258,350 |
| 2023 | $2,735,177 | $651,837 | $511,094 | $482,500 | 15 | $495,665 | $630,182 | $238,995 |
| 2022 | $2,601,401 | $144,750 | $147,128 | $115,000 | 2 | $126,214 | $118,998 | $244,976 |
| 2021 | $2,611,825 | $246,232 | $26,302 | — | — | $10,588 | $225,237 | $245,002 |
| 2020 | $2,399,461 | $74,801 | $22,396 | — | — | — | $72,519 | $208,086 |
| 2019 | $2,348,307 | $98,456 | $23,920 | — | — | — | $85,200 | $193,464 |
Under IRS private-foundation payout rules, NBT Charitable Trust reported a distributable amount of $262K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
NBT Charitable Trust's 2025 filing lists 3 officers; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Richard K. Nichols
Trustee
On filings since 2019
2 hrs/week
$13K (2019) → $26K (2025)
Andronica T. Wheelock
Trustee
On filings since 2019
2 hrs/week
No compensation reported
Joseph A. Wheelock III
Trustee
On filings since 2019
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 $26K, to Richard K Nichols (Trustee (See Footnote)).
Frequently asked questions about NBT Charitable Trust
How much does NBT Charitable Trust give each year?
NBT Charitable Trust gave $300K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $250K across 7 grants.
What is NBT Charitable Trust's typical grant size?
NBT Charitable Trust's median grant in 2025 was $30,000, and its average grant was $33,333, across 9 grants on its 2025 IRS Form 990-PF.
Where does NBT Charitable Trust give grants?
NBT Charitable Trust gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (4 grants).
Does NBT Charitable Trust give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on NBT Charitable Trust's 2025 IRS Form 990-PF were described as general or operating support.
Who are NBT Charitable Trust's largest grantees?
NBT Charitable Trust's largest 2025 grantees include Philanthropy Massachusetts Inc ($50,000), Courageous Sailing Center for Youth Inc ($50,000) and The Discovery Museum ($50,000), according to its 2025 IRS Form 990-PF. Together they received 50% of its itemized 2025 grant dollars.
How large is NBT Charitable Trust?
NBT Charitable Trust reported $2.8M in total assets on its 2025 IRS Form 990-PF. It paid out $319K in qualifying distributions that year, against a required minimum of $262K (roughly 5% of its investment assets).
What is NBT Charitable Trust's EIN?
NBT Charitable Trust's EIN (Employer Identification Number) is 04-6677641. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 8, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in NBT Charitable Trust's focus areas in our free grants database
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