Shipley Foundation Inc #0755496 logo

Shipley Foundation Inc #0755496

Private foundation · Grantmaker Boston, MA EIN: 23-7015570 Website

Shipley Foundation, Inc. is a private foundation based in Boston, Massachusetts. Established by Charles and Lucia Shipley, it makes grants intended to improve people’s lives in the United States and abroad by catalyzing innovation, building capacity, and responding to need.

Key facts about Shipley Foundation Inc #0755496

In short: Shipley Foundation Inc #0755496 gave $10.0M across 83 grants in 2024 (avg $120K), top state Florida. 10% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

EIN
23-7015570
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$9,977,586
Grants made (2024)
83
Average grant
$120,212
Median grant
$50,000
New grantees (estimate)
10% first-time grantees (8 of 80, 2024)
Total assets
$159,579,193
Primary geography
Florida (31% of itemized 2024 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation does not accept unsolicited requests for funds. Full details ↓

Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$159.6M

+1.3% YoY

Annual Giving

$10.0M

-5.1% YoY

Grant Count

83

-16.2% YoY

Avg Grant Size

$120K

+13.2% YoY

Under IRS private-foundation payout rules, Shipley Foundation Inc #0755496 reported a distributable amount of $10.6M for 2024 — the minimum it must pay out in qualifying distributions.

Is Shipley Foundation Inc #0755496 open to new grantees?

10%

first-time grantees, 2024

In 2024, 8 of 80 grantees (10%) were first-time recipients. First grants averaged $72K; repeat grants $131K. How we count

Medians: $25K first-time, $50K repeat.

  • 90% of 2024 grantees were also funded in 2023. Method
  • Giving held roughly steady from 2021 to 2024 (+8%). Method
  • In 2024 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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

Mission & Focus Areas

The foundation’s stated aim is to improve people’s lives in the United States and abroad. Its funding areas include education, medical research, animal welfare and conservation, support for immigrants, refugees and asylum-seekers, veterans and their families, hunger relief, and substance use disorder treatment and care.

Its 2024 grants included support for educational projects and scholarships, animal welfare, medical research, housing and services, and substance use disorder projects. Among the grantees described in their own words, Bridge to Turkiye says its focus areas include education, youth health and well-being, disaster management, and environmental sustainability. Best Friends Animal Society says it works to end pet homelessness through animal care and community programs. Pine Street Inn says it works to end homelessness through outreach, housing, and supportive services.

Grantmaking

In 2024, the foundation reported 83 grants totaling $9,977,586. Grants ranged from $2,000 to $1,400,000, with a median of $50,000.

Among its largest 2024 grants were $1,400,000 to Bridge to Turkiye for a dormitories project; $1,310,000 to Boston University for the Shipley Center for Digital Learning & Innovation; $1,055,000 to Miami-Dade College Foundation for scholarships and campus food pantries; $550,000 to Princeton University for the Helen Shipley Hunt Fund for Practical Engineering Applications and Graduate Alumni Annual Giving Fund; and $493,086 to Best Friends Animal Society for Shipley dog lodges. Other grants included $290,000 to Catalyst Fund for general support, $275,000 to Colorado State University for research by Dr. Steven Dow, and $250,000 to the University of Miami Miller School of Medicine for projects addressing substance use disorder.

How to Apply

The foundation does not accept unsolicited requests for funds. It makes grants to preselected charitable organizations identified by and known to its directors.

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Geographic Focus

Where this funder awards grants

The foundation states that it works in the United States and abroad. In 2024, the largest shares of grant dollars went to recipients in Florida (31%), Massachusetts (25%), and North Carolina (18%), followed by New Jersey (6%) and Pennsylvania (6%).

Grant Distribution by State

21states

Share of 2024 grant dollars across all 83 itemized grants.

Cities

MiamiBostonOaklandCoconut GroveHomesteadPhiladelphiaSanibelVisaliaChapel HillPrincetonRichmondWalthamBerkeleyCambridgeChelseaCoral GablesEvanstonFort CollinsFort MyersKanab

Giving Over Time

Total grant dollars and number of grants per year

$0$5M$10M$15M85 grants2020 85 grants2021 96 grants2022 99 grants2023 83 grants2024

From 2020 to 2024, annual grant giving ranged from $9.0M (2020) to $10.7M (2022). In 2024 it made 83 grants totaling $10.0M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Bridge to Turkiye: $1.8M across 3 grantsBridge to Turkiye$1.8M · 3 grantsBoston University: $1.3MBoston University$1.3MMiami-Dade College Foundation: $1.1MMiami-Dade College Foundation$1.1MPrinceton University: $550KPrinceton University$550KBest Friends Animal Society: $493KBest Friends Animal Society$493KCatalyst Fund: $290KCatalyst Fund$290KColorado State University: $275KColorado State University$275KUniversity of Miami Miller School of Medicine: $250KUniversity of Miami MillerSchool of Medicine$250KPine Street Inn: $200KPine Street Inn$200KCamillus House: $150KCamillus House$150K

The largest 2024 recipient was Bridge to Turkiye ($1.8M across 3 grants). Together the top 10 received $6.4M.

Grant Size Distribution

448 grants across all recorded years

212<$50K119$50–100K56$100–250K40$250–500K11$500K–1M10$1–5M$5M+

The most common grant size was under $50K: 212 grants of 448 (47%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Bridge to Turkiye Chapel Hill, NCDormitories Project$1,400,000
Boston University Boston, MAShipley Center for Digital Learning & Innovation$1,310,000
Miami-Dade College Foundation Miami, FLSupport of Scholarships and Campus Food Pantries$1,055,000
Princeton University Princeton, NJFor helen shipley hunt fund for practical engineering applictions and graduate alumni annual giving fund$550,000
Best Friends Animal Society Kanab, UTFor Shipley Dog Lodges$493,086
Catalyst Fund Philadelphia, PAGeneral Support$290,000
Colorado State University Fort Collins, COSupport research by dr steven dow on monocyte targeted immunotherapy$275,000
Bridge to Turkiye Chapel Hill, NCAl Tindag- Shipley Scholarships$250,000
University of Miami Miller School of Medicine Miami, FLFor Projects Addressing Substance Use Disorder$250,000
Pine Street Inn Williamsport, PAVeterans Service and Housing$200,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants Grant count
2024 $159,579,193 $13,659,454 $11,640,956 $9,977,586 83
2023 $157,560,695 $10,387,848 $12,190,751 $10,515,314 99
2022 $159,363,598 $6,167,746 $12,607,573 $10,742,675 96
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M$20M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$159,579,193$157,560,695$159,363,598
Revenue$13,659,454$10,387,848$6,167,746
Expenses$11,640,956$12,190,751$12,607,573
Qualifying Distributions$10,372,700$10,895,523$11,128,872
Net Investment Income$12,255,972$8,682,882$4,669,520
Distributable Amount$10,554,023$10,760,368$11,087,659

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Richard C. Shipley as president and director; Jason R. Shipley as vice president and director; Thomas P. Jalkut as treasurer and director; Julia Satti Cosentino as clerk and director; and Karen L. Shipley and Feyza Altindag Shipley as directors.

Shipley Foundation Inc #0755496 is led by Richard C. Shipley, President & Director on every filing since 2020; none of the 7 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Richard C. Shipley

    President & Director

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Elizabeth S. Hunt

    Director

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Feyza Altindag Shipley

    Director

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Jason R. Shipley

    Vice President & Director

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Julia Satti Cosentino

    Clerk & Director

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Karen L. Shipley

    Director

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Thomas P. Jalkut

    Treasurer & Director

    On filings since 2020

    5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: Nutter Mcclennen Fish Pob 51400, Boston, MA 02205
Phone: (617) 439-2276
Website: https://shipleyfoundation.org

Frequently asked questions about Shipley Foundation Inc #0755496

How much does Shipley Foundation Inc #0755496 give each year?

Shipley Foundation Inc #0755496 gave $10.0M across 83 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10.5M across 99 grants.

What is Shipley Foundation Inc #0755496's typical grant size?

Shipley Foundation Inc #0755496's median grant in 2024 was $50,000, and its average grant was $120,212, across 83 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Shipley Foundation Inc #0755496 that year got $72K on average.

Where does Shipley Foundation Inc #0755496 give grants?

Shipley Foundation Inc #0755496's top state is Florida, with 31% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Massachusetts (25%) and North Carolina (18%). The most frequent recipient cities were Miami, FL (24 grants), Boston, MA (12 grants), Oakland, CA (4 grants) and Chapel Hill, NC (3 grants).

Does Shipley Foundation Inc #0755496 give general operating support?

Yes: 60% of Shipley Foundation Inc #0755496's 2024 grants with a stated purpose (50 of 83) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Shipley Foundation Inc #0755496's largest grantees?

Shipley Foundation Inc #0755496's largest 2024 grantees include Bridge to Turkiye ($1,825,000 across 3 grants), Boston University ($1,310,000) and Miami-Dade College Foundation ($1,055,000), according to its 2024 IRS Form 990-PF. Together they received 42% of its itemized 2024 grant dollars.

How large is Shipley Foundation Inc #0755496?

Shipley Foundation Inc #0755496 reported $159.6M in total assets on its 2024 IRS Form 990-PF. It paid out $10.4M in qualifying distributions that year, against a required minimum of $10.6M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What does Shipley Foundation Inc #0755496 fund?

The foundation’s stated aim is to improve people’s lives in the United States and abroad. See mission & focus areas ↑

How do I apply for a grant from Shipley Foundation Inc #0755496?

The foundation does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Shipley Foundation Inc #0755496's EIN?

Shipley Foundation Inc #0755496's EIN (Employer Identification Number) is 23-7015570. IRS Form 990 filing data is available on this page for 2020–2024.

Does Shipley Foundation Inc #0755496 accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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