NBT II Foundation JH3540
NBT II FOUNDATION JH3540 is a private foundation based in Boston, Massachusetts. In 2024, it made 21 grants totaling $900,000, all to recipients in Massachusetts. Its grants included support for biomedical research, youth education and employment, arts, and community organizations.
Key facts about NBT II Foundation JH3540
In short: NBT II Foundation JH3540 gave $900K across 22 grants in 2025 (avg $41K), mostly in Massachusetts. 27% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 56-2341579
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $900,000
- Grants made (2025)
- 22
- Average grant
- $40,909
- Median grant
- $35,000
- New grantees (estimate)
- 27% first-time grantees (6 of 22, 2025)
- Total assets
- $11,085,758
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$11.1M
+5.5% YoY
Annual Giving
$900K
+0.0% YoY
Grant Count
22
+4.8% YoY
Avg Grant Size
$41K
-4.5% YoY
Under IRS private-foundation payout rules, NBT II Foundation JH3540 reported a distributable amount of $923K for 2025 — the minimum it must pay out in qualifying distributions.
Is NBT II Foundation JH3540 open to new grantees?
27%
first-time grantees, 2025
In 2025, 6 of 22 grantees (27%) were first-time recipients. First grants averaged $35K; repeat grants $43K. How we count
Medians: $33K first-time, $35K repeat.
- 68% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+10%). Method
- In 2025 it paid out 105% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for organizations working in areas including biomedical research, youth development and employment, arts and music, food systems, and STEM education.
Grantee descriptions illustrate this range. Boston Arts Academy Foundation says it raises funds to support Boston Arts Academy and access to public arts education. YouthBuild Boston describes its work as providing education and skills training for low-income youth and developing employment opportunities. Artists for Humanity says it uses mentorship and paid professional experiences to help teens build their futures. Science Club for Girls describes its mission as fostering STEM excitement, confidence, and literacy for girls and gender-expansive youth from underrepresented communities.
Grantmaking
In 2024, the foundation awarded 21 grants totaling $900,000. Grant amounts ranged from $2,500 to $150,000, with a median of $35,000. Among the largest awards were $150,000 to Whitehead Institute for Biomedical Research, $100,000 to Cure Alzheimer’s Fund, $95,000 to Future Chefs, and $60,000 to Groton Hill Music Center. Other awards included $45,000 each to Boston Arts Academy Foundation and YouthBuild Boston, and $40,000 each to Hyde Square Task Force, Year Up Greater Boston, and Artists for Humanity.
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Geographic Focus
Where this funder awards grants
All grant dollars in 2024 went to recipients in Massachusetts.
Grant Distribution by State
Share of 2025 grant dollars across all 22 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $430K (2023) to $1.1M (2019). In 2025 it made 22 grants totaling $900K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was The Broad Institute Inc ($150K). Together the top 10 received $640K.
Grant Size Distribution
111 grants across all recorded years
The most common grant size was under $50K: 94 grants of 111 (85%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Broad Institute Inc Cambridge, MA | Institute's Pediatric | $150,000 |
| Household Goods Boston, MA | Charitable | $100,000 |
| Cure Alzheimer's Fund Wellesley Hills, MA | Immunotherapies Targeting | $100,000 |
| Groton Hill Music Center Groton, MA | Unrestricted Support | $50,000 |
| Youthbuild Boston Inc Roxbury, MA | Building Trades Exploration | $45,000 |
| Hyde Square Task Force Jamaica Plain, MA | Unrestricted Support | $40,000 |
| Artists for Humanity Boston, MA | Youth Arts Enterprise | $40,000 |
| Year up United Boston, MA | Charitable | $40,000 |
| Conservatory Lab Charter School Boston, MA | Support of the Revolution | $40,000 |
| Zumix Boston, MA | Unrestricted Support | $35,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $10,510,426 | $690,073 | $1,027,817 | $900,000 (21 grants) |
| 2023 | $10,867,125 | $1,205,285 | $524,731 | $430,000 (13 grants) |
| 2022 | $10,210,652 | $652,477 | $946,034 | $815,000 (28 grants) |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $11,085,758 | $10,510,426 | $10,867,125 |
| Revenue | $1,704,024 | $690,073 | $1,205,285 |
| Expenses | $1,028,058 | $1,027,817 | $524,731 |
| Qualifying Distributions | $973,752 | $956,073 | $478,807 |
| Net Investment Income | $1,651,651 | $637,802 | $1,135,760 |
| Distributable Amount | $923,096 | $917,633 | $812,658 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 9, 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
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Richard K Nichols (see footnote), Joseph A Wheelock III, and Andronica Stanley-Wheelock as trustees.
NBT II Foundation JH3540's 2025 filing lists 3 officers; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Richard K. Nichols See Footnote
Trustee
On filings since 2019
2 hrs/week
$51K (2019) → $90K (2025)
Andronica Stanley-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 $90K, to Richard K Nichols See Footnote (Trustee).
Contact
Mailing address: 50 Congress St Ste 832, Boston, MA 02109-4017
Phone: (617) 523-6800
Frequently asked questions about NBT II Foundation JH3540
How much does NBT II Foundation JH3540 give each year?
NBT II Foundation JH3540 gave $900K across 22 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $900K across 21 grants.
What is NBT II Foundation JH3540's typical grant size?
NBT II Foundation JH3540's median grant in 2025 was $35,000, and its average grant was $40,909, across 22 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from NBT II Foundation JH3540 that year got $35K on average.
Where does NBT II Foundation JH3540 give grants?
NBT II Foundation JH3540 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 (10 grants), Lincoln, MA (3 grants), Cambridge, MA (2 grants) and Roxbury, MA (2 grants).
Does NBT II Foundation JH3540 give general operating support?
Yes: 27% of NBT II Foundation JH3540's 2025 grants with a stated purpose (6 of 22) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Charitable" (6 grants).
Who are NBT II Foundation JH3540's largest grantees?
NBT II Foundation JH3540's largest 2025 grantees include The Broad Institute Inc ($150,000), Household Goods ($100,000) and Cure Alzheimer's Fund ($100,000), according to its 2025 IRS Form 990-PF. Together they received 39% of its itemized 2025 grant dollars.
How large is NBT II Foundation JH3540?
NBT II Foundation JH3540 reported $11.1M in total assets on its 2025 IRS Form 990-PF. It paid out $974K in qualifying distributions that year, against a required minimum of $923K (roughly 5% of its investment assets).
What does NBT II Foundation JH3540 fund?
No mission statement for the foundation is provided. Its 2024 grants show support for organizations working in areas including biomedical research, youth development and employment, arts and music, food systems, and STEM education. See mission & focus areas ↑
How do I apply for a grant from NBT II Foundation JH3540?
The foundation 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 NBT II Foundation JH3540's EIN?
NBT II Foundation JH3540's EIN (Employer Identification Number) is 56-2341579. IRS Form 990 filing data is available on this page for 2019–2025.
Does NBT II Foundation JH3540 accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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