Richard K Lubin Family Foundation
The Richard K. Lubin Family Foundation is a private family foundation based in Boston, Massachusetts, established in 1986. It is a 501(c)(3) tax-exempt organization dedicated to enhancing the quality of life in the Greater Boston region through strategic philanthropic investments.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$223.4M
+12.7% YoY
Annual Giving
$11.1M
+9.7% YoY
Grant Count
154
+9.2% YoY
Avg Grant Size
$72K
+0.4% YoY
Mission & Focus Areas
The foundation's mission is to enhance the quality of life in the Greater Boston region through focus on three core areas:
- Education: Emphasis on educational pathways and outcomes, with particular focus on community schools as hubs for students and families
- Medical Research and Clinical Care: Support for cancer research and clinical care initiatives
- Arts and Culture: Funding for music and visual arts
The foundation's education grantmaking specifically focuses on creating a paradigm shift where schools serve as places of and for the community. The foundation supports efforts to translate practice into policy, bolster data-driven decision making, strengthen communication, cultivate diversified stakeholder support, and develop strong leaders with access to expertise.
Grantmaking
Grant proposals are by invitation only.
Grant Range
$1,000–$2,669,000
Average Grant
$264,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily focuses on the Greater Boston region, with additional support across multiple states including California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New York, Pennsylvania, Rhode Island, Texas, and Vermont.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $198.3 million
- Total revenue: $48.8 million
- Total expenses: $12.6 million
- Total liabilities: $433,000
Assets & Revenue (2024):
- Total assets: $223.4 million
- Total giving: $11.1 million
The foundation has maintained significant financial resources, with assets growing from approximately $153 million in 2020 to over $223 million by 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $223,377,751 | $198,260,311 | $162,721,203 |
| Revenue | $47,452,791 | $48,814,773 | $24,624,493 |
| Expenses | $13,731,991 | $12,648,099 | $12,039,179 |
| Qualifying Distributions | $12,163,850 | $11,277,638 | $11,195,334 |
| Net Investment Income | $29,294,565 | $43,012,659 | $9,081,628 |
| Distributable Amount | $14,480,959 | $11,996,190 | $11,365,621 |
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
250 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
- Richard K. Lubin: Chairman and founder (co-founder of Berkshire Partners, a private equity firm)
- Nancy K. Lubin: Trustee
- Kate E. Lubin: Trustee
- Emily L. Woods: Trustee
- Glendon Sutton: Trustee
- Greg Woods: Trustee
The foundation operates with a professional staff of 5 employees. All trustees serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD K LUBIN | CHAIRMAN | 10 | — |
| NANCY K LUBIN | TRUSTEE | 1 | — |
| KATE E LUBIN | TRUSTEE | 3 | — |
| EMILY L WOODS | TRUSTEE | 20 | — |
| GLENDON SUTTON | TRUSTEE | 2 | — |
| GREG WOODS | TRUSTEE | 2 | — |
Recent News & Activity
Recent developments and announcements
The foundation established the Lubin Family Foundation Scholar Awards program at Dana-Farber Cancer Institute to invest in the next generation of physician-scientists pursuing cancer research. This program represents a strategic commitment to supporting early-career researchers in the medical research field.
Dana-Farber Cancer Institute receives a grant from the Richard K ...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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