The Novack Family Foundation is a private grantmaking foundation based in Boston, Massachusetts. Established in 1999, it operates as a 501(c)(3) organization with tax-exempt status. The foundation is structured as a private grantmaking foundation and maintains its offices at Captrust One Liberty Square, 13th Floor, Boston, MA 02109.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$747K
+4.3% YoY
Annual Giving
$474K
+55.1% YoY
Grant Count
48
-7.7% YoY
Avg Grant Size
$10K
+68.0% YoY
Under IRS private-foundation payout rules, Novack Family Foundation reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation focuses its grant-making on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services. Typical grant awards range from $250 to $100,000.
Grant Range
of approximately $306,000.
Average Grant
of approximately $306,000.
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Geographic Focus
Where this funder awards grants
The Novack Family Foundation supports projects across multiple U.S. states and cities, with a particular emphasis on:
- Massachusetts
- New York
- District of Columbia
- Maryland
- New Hampshire
- Virginia
- Maine
- California
- Colorado
- Tennessee
- Illinois
- New Jersey
Specific cities funded include South Hamilton, Boston, Gloucester, Brooklyn, and New York.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data:
- Total Assets: $716,039–$746,788
- Total Annual Giving: $306,000–$473,800
- Annual Expenses: $353,967
- Annual Revenue: $243,933
- Total Liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $746,788 | $716,039 | $826,073 |
| Revenue | $574,079 | $243,933 | $160,789 |
| Expenses | $551,418 | $353,967 | $394,367 |
| Qualifying Distributions | $473,800 | $305,500 | $321,050 |
| Net Investment Income | $406,627 | $181,262 | $68,975 |
| Distributable Amount | $37,594 | $50,779 | $57,471 |
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
248 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Massachusetts General Hospital ($100,000), Tufts Medical Center ($100,000), Sandy Bay Yacht Club Sailing Program ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACORD FOOD PANTRY SOUTH HAMILTON, MA | CONTRIBUTION | $250 |
| ADDISON GILBERT SOCIETY GLOUCESTER, MA | CONTRIBUTION | $1,000 |
| AMERICAN JEWISH COMMITTEE NEW YORK, NY | CONTRIBUTION | $10,000 |
| BACKYARD GROWERS GLOUCESTER, MA | CONTRIBUTION | $5,000 |
| BOSTON CHILDREN'S CHORUS BOSTON, MA | CONTRIBUTION | $500 |
| BROOKLYN PUBLIC LIBRARY BROOKLYN, NY | CONTRIBUTION | $15,000 |
| CAPE ANN ART HAVEN GLOUCESTER, MA | CONTRIBUTION | $10,000 |
| CITY MEAL ON WHEELS NEW YORK, NY | CONTRIBUTION | $500 |
| COLLEGE CLUB SCHOLARSHIP FUND BOSTON, MA | CONTRIBUTION | $1,000 |
| DARTMOUTH COLLEGE FUND HANOVER, NH | CONTRIBUTION | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is identified in tax filings as "Novack Kenneth J Ttee," indicating Kenneth J. Novack serves in a trustee capacity.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH J NOVACK | TRUSTEE - AS NEEDED | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from Novack Family Foundation?
The foundation focuses its grant-making on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services. Typical grant awards range from $250 to $100,000. Based on recent financial data, the foundation awarded approximately $306,000 to $473,800 in grants during its most recent fiscal year, with an average grant size of approximately $306,000.
Where does Novack Family Foundation make grants?
The Novack Family Foundation supports projects across multiple U.S. states and cities, with a particular emphasis on: • Massachusetts • New York • District of Columbia • Maryland • New Hampshire • Virginia • Maine • California • Colorado • Tennessee • Illinois • New Jersey Specific cities funded include South Hamilton, Boston, Gloucester, Brooklyn, and New York.
What size grants does Novack Family Foundation award?
In 2024, Novack Family Foundation awarded 48 grants totaling $474K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Novack Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Novack Family Foundation reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Novack Family Foundation's EIN?
Novack Family Foundation's EIN (Employer Identification Number) is 04-6896914. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Novack Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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