Ralph & Helen Kelley Fdn

DALLAS, TX EIN: 04-3042476

The Ralph and Helen Kelley Foundation is a private foundation established in 1989 and based in Dallas, Texas. The foundation operates with a single staff member and focuses primarily on scholarship funding for educational institutions.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$13.8M

+2.6% YoY

Annual Giving

$657K

+7.0% YoY

Grant Count

+11.4% YoY

Avg Grant Size

$17K

-3.9% YoY

Under IRS private-foundation payout rules, Ralph & Helen Kelley Fdn reported a distributable amount of $744K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary focus is providing scholarships to support students in higher education. The foundation categorizes itself under Private Foundations (NTEE code T20).

Grantmaking

The foundation is an active grantmaker with a scholarship-focused approach. In 2024, the foundation made 39 grants to educational institutions. Recent grant recipients include:

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Geographic Focus

Where this funder awards grants

The foundation supports educational institutions in the Northeast, with documented grants to institutions in Massachusetts.

Grant Distribution by State

Massachusetts $2.7M (85%)

Connecticut $96K (3%)

New Hampshire $90K (3%)

Rhode Island $48K (2%)

New York $46K (1%)

Virginia $34K (1%)

Maine $29K (1%)

Pennsylvania $27K (1%)

+11 more states

States

Arizona Connecticut Florida Hawaii Louisiana Massachusetts Maine Michigan North Carolina New Hampshire New York Ohio Pennsylvania Rhode Island South Carolina Tennessee Texas Virginia Vermont

Cities

AmherstAnn HarborAnnvilleArlingtonAshlandBaton RougeBeverlyBiddefordBlacksburgBostonBridgewaterBuzzards BayCambridgeChapel HillChicopeeClemsonColchesterColumbusDudleyFitchburg

Financial History

Multi-year comparison from IRS filings

As of December 2024:

Total Assets: $13,765,513
Total Revenues: $1,228,118
Total Expenses: $894,974
Number of Employees: 1

The foundation maintains a diversified investment portfolio including equity funds, bond funds, and exchange-traded funds managed through Bank of America.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$13,765,513	$13,412,555	$13,865,046
Revenue	$1,228,118	$355,393	$-419,155
Expenses	$894,974	$816,459	$949,525
Qualifying Distributions	$754,720	$701,437	$774,441
Net Investment Income	$1,084,739	$205,896	$135,365
Distributable Amount	$743,951	$663,808	$691,699

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

202 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Umass - Amherst ($112,500), Worcester State University ($75,500), Mwcc - Mount Wachusett Community College ($75,500).

Recipient	Purpose	Amount
CATHERINE HINDS INST OF ESTHETIC WOBURN, MA	SCHOLARSHIPS	$4,500
STONY BROOK UNIVERSITY STONY BROOK, NY	SCHOLARSHIPS	$4,500
THE UNIVERSITY OF TN KNOXVILLE KNOXVILLE, TN	SCHOLARSHIPS	$5,500
CAPE COD COMMUNITY COLLEGE WEST BARNSTABLE, MA	SCHOLARSHIPS	$5,500
SALEM STATE UNIVERSITY SALEM, MA	SCHOLARSHIPS	$4,500
UNIVERSAL TECHNICAL INSTITUTE NORDWOOD, MA	SCHOLARSHIP	$4,500
CLARK UNIVERSITY WORCESTER, MA	SCHOLARSHIPS	$5,500
UNIVERSITY OF MAINE ORONO, ME	SCHOLARSHIPS	$5,500
SOUTHERN NEW HAMPSHIRE UNIVERSITY MANCHESTER, NH	SCHOLARSHIPS	$2,750
NORTHEASTERN UNIVERSITY BOSTON, MA	SCHOLARSHIPS	$6,000

Leadership & Key People

Leadership team and compensation from IRS filings

Bank of America N.A. serves as Managing Director of the foundation.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$114,274
JOHN F BOHMAN	CO-TRUSTEE	1	$34,062
DEBORAH GUSTAFSON	CO- TRUSTEE	1	$34,063

Frequently Asked Questions

What does Ralph & Helen Kelley Fdn fund?

The foundation's primary focus is providing scholarships to support students in higher education. The foundation categorizes itself under Private Foundations (NTEE code T20).

How do I apply for a grant from Ralph & Helen Kelley Fdn?

The foundation is an active grantmaker with a scholarship-focused approach. In 2024, the foundation made 39 grants to educational institutions. Recent grant recipients include: • Pioneer Valley Life Sciences Institute of Baystate Medical and UMass Amherst ($112,500 for scholarships) • Psi Chi - Worcester State University ($75,500 for scholarships) • Framingham State University Foundation ($34,500 for scholarships) • Mount Wachusett Community College

Where does Ralph & Helen Kelley Fdn make grants?

The foundation supports educational institutions in the Northeast, with documented grants to institutions in Massachusetts.

What size grants does Ralph & Helen Kelley Fdn award?

In 2024, Ralph & Helen Kelley Fdn awarded 39 grants totaling $657K — an average of about $17K per grant, based on its IRS Form 990 filings.

How much is Ralph & Helen Kelley Fdn required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Ralph & Helen Kelley Fdn reported a distributable amount of $744K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.