Randi & Joel Cutler Family Foundation

Private foundation · Grantmaker Boston, MA EIN: 87-6803240

Randi & Joel Cutler Family Foundation is a private foundation, based in Boston, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $30.5M in total assets. In 2024, it awarded 9 grants totaling $1.2M. Net investment income was $12.4M.

Key facts about Randi & Joel Cutler Family Foundation

In short: Randi & Joel Cutler Family Foundation gave $1.2M across 9 grants in 2024 (avg $130K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.

EIN
87-6803240
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$1,168,000
Grants made (2024)
9
Average grant
$129,778
Median grant
$100,000
Total assets
$30,499,428
Primary geography
Massachusetts (83% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$30.5M

+62.8% YoY

Annual Giving

$1.2M

+250.8% YoY

Grant Count

9

+350.0% YoY

Avg Grant Size

$130K

-22.1% YoY

Under IRS private-foundation payout rules, Randi & Joel Cutler Family Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.

How Randi & Joel Cutler Family Foundation gives

  • In 2024 it paid out 110% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 9 itemized grants.

Cities

BostonArlingtonNew YorkNewtonScarborough

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M0 grants2021 1 grant2022 2 grants2023 9 grants2024

From 2022 to 2024, annual grant giving ranged from $84K (2022) to $1.2M (2024). In 2024 it made 9 grants totaling $1.2M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Beth Israel Deaconess Medical Center: $250KBeth Israel Deaconess MedicalCenter$250KChildren's Hospital Boston: $200KChildren's Hospital Boston$200KDana Farber: $200KDana Farber$200KStudio Museum: $100KStudio Museum$100KGreater Boston Food Bank: $100KGreater Boston Food Bank$100KMa Wonderfund INV: $100KMa Wonderfund INV$100KHousing Initiatives: $100KHousing Initiatives$100KPlanned Parenthood: $83KPlanned Parenthood$83KFood Link Inc: $35KFood Link Inc$35K

The largest 2024 recipient was Beth Israel Deaconess Medical Center ($250K). Together the top 9 received $1.2M.

Grant Size Distribution

12 grants across all recorded years

1<$50K3$50–100K6$100–250K2$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 6 grants of 12 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Beth Israel Deaconess Medical Center Boston, MAUnrestricted$250,000
Children's Hospital Boston Boston, MAUnrestricted$200,000
Dana Farber Boston, MAUnrestricted$200,000
Studio Museum New York, NYUnrestricted$100,000
Greater Boston Food Bank Boston, MAUnrestricted$100,000
Ma Wonderfund INV Newton, MAUnrestricted$100,000
Housing Initiatives Scarborough, MEUnrestricted$100,000
Planned Parenthood Boston, MAUnrestricted$83,000
Food Link Inc Arlington, MAUnrestricted$35,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10M$20M$30M2021 2022 2023 2024
Metric202420232022
Total Assets$30,499,428$18,728,789$8,324,897
Revenue$25,094,844$20,228,059$7,735,391
Expenses$1,395,524$419,401$209,100
Qualifying Distributions$1,168,000$333,000$84,000
Net Investment Income$12,432,772$10,019,713$4,013,961
Distributable Amount$1,059,775$506,231$207,720

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Randi & Joel Cutler Family Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Joel Cutler

    Trustee

    On filings since 2021

    5 hrs/week

    No compensation reported

  • Randi Cutler

    Trustee

    On filings since 2021

    5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Randi & Joel Cutler Family Foundation

How much does Randi & Joel Cutler Family Foundation give each year?

Randi & Joel Cutler Family Foundation gave $1.2M across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $333K across 2 grants.

What is Randi & Joel Cutler Family Foundation's typical grant size?

Randi & Joel Cutler Family Foundation's median grant in 2024 was $100,000, and its average grant was $129,778, across 9 grants on its 2024 IRS Form 990-PF.

Where does Randi & Joel Cutler Family Foundation give grants?

Randi & Joel Cutler Family Foundation gives mostly in Massachusetts: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (9%) and Maine (9%). The most frequent recipient cities were Boston, MA (5 grants).

Does Randi & Joel Cutler Family Foundation give general operating support?

Yes: 100% of Randi & Joel Cutler Family Foundation's 2024 grants with a stated purpose (9 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Randi & Joel Cutler Family Foundation's largest grantees?

Randi & Joel Cutler Family Foundation's largest 2024 grantees include Beth Israel Deaconess Medical Center ($250,000), Children's Hospital Boston ($200,000) and Dana Farber ($200,000), according to its 2024 IRS Form 990-PF. Together they received 56% of its itemized 2024 grant dollars.

How large is Randi & Joel Cutler Family Foundation?

Randi & Joel Cutler Family Foundation reported $30.5M in total assets on its 2024 IRS Form 990-PF. It paid out $1.2M in qualifying distributions that year, against a required minimum of $1.1M (roughly 5% of its investment assets).

What is Randi & Joel Cutler Family Foundation's EIN?

Randi & Joel Cutler Family Foundation's EIN (Employer Identification Number) is 87-6803240. IRS Form 990 filing data is available on this page for 2021–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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