New Balance Foundation
The New Balance Foundation is a private grantmaking foundation established in 1981 and based in Boston, Massachusetts. The foundation drives change in global communities through strategic philanthropic investments, with a primary focus on preventing childhood obesity and supporting youth development.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$196.4M
+8.8% YoY
Annual Giving
$11.8M
+17.0% YoY
Grant Count
88
+18.9% YoY
Avg Grant Size
$135K
-1.6% YoY
Mission & Focus Areas
The foundation's mission is to support charitable organizations whose humanitarian efforts work for the betterment of children and communities, with the heart of their focus on the prevention of childhood obesity.
Primary funding areas include:
- Education
- Health and nutrition
- Childhood obesity prevention
- School athletics
- Human services
- Disaster relief
- Environmental initiatives
- Youth development and success
The foundation takes a holistic approach to childhood obesity prevention that engages children and those who impact their lives, including caregivers, educators, medical professionals, after-school providers, and community members through nutrition, fitness, and educational perspectives.
Grantmaking
The foundation made 65 grants totaling approximately $7.8 million in documented recent activity, with additional grants bringing total giving to over $11.8 million.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Massachusetts, Maine, and New York, with a particular emphasis on Boston and surrounding communities. The foundation also supports international youth development initiatives.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending November 2024:
- Total assets: $196,373,567
- Total revenues: $28,469,246
- Total expenses: $12,539,988
- Total grants, contributions: $15,050,000
- Investment income and dividends: $9,284,200
- Net gain from sale of non-inventory assets: $4,135,046
Fiscal Year 2023 Comparison:
- Total revenues declined 54.4% from $33,000,000 to $15,050,000 in grants and contributions
- Investment income increased 107.3% from $4,478,588 to $9,284,200
- Net gains from asset sales increased 294.8% from $1,047,415 to $4,135,046
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $196,373,567 | $180,444,309 | $152,561,164 |
| Revenue | $28,469,246 | $38,526,003 | $17,219,252 |
| Expenses | $12,539,988 | $10,642,858 | $9,158,591 |
| Qualifying Distributions | $11,848,336 | $10,123,363 | $8,446,128 |
| Net Investment Income | $12,786,382 | $5,066,083 | $6,769,267 |
| Distributable Amount | $10,663,518 | $9,594,243 | $8,355,309 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
200 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Principal Officer: Megan Bloch
- Co-Principal Officer: Molly Santry
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANNE M DAVIS | TRUSTEE | 3 | — |
| JAMES S DAVIS | TRUSTEE | 0.25 | — |
| PAUL G GAURON | TRUSTEE | 0.25 | — |
| KASSIA A DAVIS | TRUSTEE | 0.25 | — |
| CHRISTOPHER C DAVIS | TRUSTEE | 0.25 | — |
Recent News & Activity
Recent developments and announcements
The foundation has been active in awarding community grants to nonprofits, with recent announcements of $9.2 million in community grants distributed to nonprofits. The foundation has also launched international youth development programs in partnership with Beyond Sport, selecting organizations such as Swim for a Dream and Wędka as grantees through the Futures in Motion Poland initiative.
New Balance Foundation and Beyond Sport Select Swim for a Dream and W\u0119\Related Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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