Somerville Foundation
The Somerville Foundation is a nonprofit organization headquartered in Somerville, Massachusetts. Founded in 2024, the organization functions as a catalyst for community change, reinvesting resources to create systemic transformation within the city.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.9M
-1.3% YoY
Annual Giving
$167K
-54.6% YoY
Grant Count
12
-57.1% YoY
Avg Grant Size
$14K
+6.0% YoY
Mission & Focus Areas
The Somerville Foundation exists to systemically empower those who have been systemically disempowered and to create conditions for everyone to realize their human potential. The organization reinvests community growth resources in the people of Somerville to create a more equitable and vibrant city.
The Foundation functions as a catalyst to ignite and shape the efforts of effective organizations working towards transformative change in Somerville. By investing in the community, the organization aims to build community wealth and create pathways for a more equitable and vibrant city.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,871,707 | $2,908,154 | $3,184,327 |
| Revenue | $149,683 | $110,317 | $105,580 |
| Expenses | $210,768 | $405,768 | $203,528 |
| Qualifying Distributions | $187,817 | $384,377 | $178,877 |
| Net Investment Income | $127,480 | $96,602 | $87,054 |
| Distributable Amount | $190,975 | $184,334 | $387,494 |
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
70 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
- Saladin Islam – Interim Executive Director
- Wilbert Pineda – Vice President
- Julia Jones-Brown – Board Member (joined December 2025)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PNC BANK NA | TRUSTEE | 7 | $35,140 |
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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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