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
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
No grants recorded for .
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
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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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