The 1434 Foundation Inc
The 1434 Foundation Inc is a private foundation based in Boston, Massachusetts. Its 2024 filing reports 65 grants totaling $3,342,089, including grants for scholarships and hardship assistance and charitable grants to organizations working in areas such as education, youth development, food businesses, housing, and contemporary art.
The 1434 Foundation Inc at a glance
In short: The 1434 Foundation Inc gave $3.3M across 65 grants in 2024 (avg $51K), mostly in Massachusetts. 11% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,342,089
- -3.3% vs 2023
- Grants made (2024)
- 65
- -8.5% vs 2023
- Average grant
- $51,417
- +5.6% vs 2023
- Median grant
- $40,000
- Total assets
- $61,954,028
- -0.5% vs 2023
- New grantees (estimate)
- 11% first-time grantees (7 of 63, 2024)
- Primary geography
- Massachusetts (89% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The 1434 Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 160 Commonwealth Avenue Suite L10, Boston, MA 02116
Phone: (617) 589-3865
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The 1434 Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was One Family Inc ($120K). Together the top 10 received $825K.
Organizations only. It also paid 2 grants to individuals ($872,089), which are not listed by name.
Grant Size Distribution
398 grants across all recorded years
The most common grant size was under $50K: 227 grants of 398 (57%).
Geographic Focus
Where this funder awards grants
In 2024, 89% of grant dollars went to recipients in Massachusetts and 9% to recipients in New York. The reported shares for New Hampshire, Connecticut, and New Jersey were 1%, 0%, and 0%, respectively. The listed Massachusetts grantees include organizations in Boston, Lawrence, Dorchester, Dracut, Duxbury, Lincoln, and Roxbury.
Grant Distribution by State
Share of 2024 grant dollars across all 65 itemized grants.
States
Cities
Is The 1434 Foundation Inc open to new grantees?
11%
first-time grantees, 2024
In 2024, 7 of 63 grantees (11%) were first-time recipients. First grants averaged $13K; repeat grants $43K. How we count
Medians: $5K first-time, $40K repeat.
- 84% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+6%). Method
- In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3.1M (2021) to $3.7M (2022). In 2024 it made 65 grants totaling $3.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2 grants to individuals Recipients not named | — | $872,089 |
| One Family Inc Boston, MA | Charitable | $120,000 |
| Catie's Closet Dracut, MA | Charitable | $100,000 |
| Esperanza Academy Lawrence, MA | Charitable | $100,000 |
| Rockefeller Philanthropy Advisers Inc New York, NY | Charitable | $100,000 |
| Commonwealth Kitchen Dorchester, MA | Charitable | $75,000 |
| Friends of the Children-Boston Roxbury, MA | Charitable | $75,000 |
| Voices in Contemporary Art New York, NY | Charitable | $75,000 |
| Artadia Brooklyn, NY | Charitable | $60,000 |
| Crossroads for Kids Inc Duxbury, MA | Charitable | $60,000 |
Ready to take the next step with The 1434 Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $61,954,028 | $4,245,399 | $4,527,060 | $3,342,089 | 65 | $4,034,876 | $3,780,811 | $3,995,039 |
| 2023 | $62,240,300 | $1,589,794 | $4,429,138 | $3,457,079 | 71 | $3,947,910 | $1,472,351 | $3,695,949 |
| 2022 | $65,077,164 | $-1,654,923 | $4,921,295 | $3,714,513 | 84 | $4,320,893 | $1,161,257 | $3,893,912 |
| 2021 | $71,650,407 | $8,388,629 | $4,183,905 | $3,149,713 | 92 | $3,641,457 | $6,905,926 | $4,249,898 |
| 2020 | $67,482,865 | $3,540,824 | $4,130,588 | $3,449,648 | 86 | — | $2,708,841 | $3,655,050 |
Under IRS private-foundation payout rules, The 1434 Foundation Inc reported a distributable amount of $4.0M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants include support for organizations whose own missions address a range of needs. For example, ONE FAMILY INC says it works to prevent family homelessness in Massachusetts by helping parents access education and careers, secure housing, and build assets. ESPERANZA ACADEMY INC describes itself as a tuition-free, all-girls middle school in Lawrence that supports students and prepares them to take on challenges.
Other grantees describe work in basic necessities, food, youth development, and the arts. Catie’s Closet says it provides children in need with clothing and basic necessities; COMMONWEALTH KITCHEN says it supports diverse food entrepreneurs and works toward a food economy grounded in racial, social, and economic justice; and CROSSROADS FOR KIDS describes year-round programming for youth from low-income communities. VOICES IN CONTEMPORARY ART says it generates dialogue and interdisciplinary programming related to contemporary art.
Grantmaking
In 2024, the foundation reported 65 grants totaling $3,342,089. Grant amounts ranged from $5,000 to $639,000, with a median of $40,000. The largest reported grant was $639,000 to an individual recipient for a scholarship. Other large grants included $233,089 to an individual recipient for hardship assistance and $120,000 to ONE FAMILY INC for charitable purposes.
Additional 2024 grants included $100,000 each to CATIE’S CLOSET and ESPERANZA ACADEMY, $100,000 to ROCKEFELLER PHILANTHROPY ADVISERS INC, $75,000 each to COMMONWEALTH KITCHEN, FRIENDS OF THE CHILDREN-BOSTON, and VOICES IN CONTEMPORARY ART, and $60,000 each to ARTADIA, CROSSROADS FOR KIDS, and VETERAN LEGAL SERVICES. Other reported recipients include THE FOOD PROJECT INC and SOCIAL INNOVATION FORUM INC, each of which received $50,000. The latter says it connects community-led nonprofits with resources, networks, and knowledge and provides capacity-building support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists FOTENE J DEMOULAS as president and director, THOMAS P COTE as treasurer, clerk, and director, and CHARLES ANTON as director.
The 1434 Foundation Inc is led by Fotene J. Demoulas, President & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Fotene J. Demoulas
President & Director
On filings since 2020
26 hrs/week
No compensation reported
Thomas P. Cote
Treasurer, Clerk & Director
Treasurer & Director → Treasurer, Clerk & Director, 2021
On filings since 2020
10 hrs/week
No compensation reported
Charles Anton
Director
On filings since 2021
10 hrs/week
No compensation reported
Former officers (1)
- Former: Thomas S. Fitzpatrick (2020) — Clerk & Director
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.
Frequently asked questions about The 1434 Foundation Inc
How much does The 1434 Foundation Inc give each year?
The 1434 Foundation Inc gave $3.3M across 65 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.5M across 71 grants.
What is The 1434 Foundation Inc's typical grant size?
The 1434 Foundation Inc's median grant in 2024 was $40,000, and its average grant was $51,417, across 65 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The 1434 Foundation Inc that year got $13K on average.
Where does The 1434 Foundation Inc give grants?
The 1434 Foundation Inc gives mostly in Massachusetts: 89% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (9%). The most frequent recipient cities were Boston, MA (19 grants), New York, NY (5 grants), Lawrence, MA (3 grants) and Lowell, MA (3 grants).
Does The 1434 Foundation Inc give general operating support?
Not in 2024: none of the 65 grants with a stated purpose on The 1434 Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (63 grants).
Who are The 1434 Foundation Inc's largest grantees?
The 1434 Foundation Inc's largest 2024 grantees include One Family Inc ($120,000), Catie's Closet ($100,000) and Esperanza Academy ($100,000), according to its 2024 IRS Form 990-PF. It also paid 2 grants to individuals ($872,089), which are not listed by name. Together they received 10% of its itemized 2024 grant dollars.
How large is The 1434 Foundation Inc?
The 1434 Foundation Inc reported $62.0M in total assets on its 2024 IRS Form 990-PF. It paid out $4.0M in qualifying distributions that year, against a required minimum of $4.0M (roughly 5% of its investment assets).
What does The 1434 Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants include support for organizations whose own missions address a range of needs. See mission & focus areas ↑
How do I apply for a grant from The 1434 Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and 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 The 1434 Foundation Inc's EIN?
The 1434 Foundation Inc's EIN (Employer Identification Number) is 47-2480352. IRS Form 990 filing data is available on this page for 2020–2024.
Does The 1434 Foundation Inc 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 October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The 1434 Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/the-1434-foundation-inc-morg_6c2dc168a4c94e5d82877490b0d3129e
BibTeX
@misc{grantable_472480352_2026,
author = {{Grantable}},
title = {{The 1434 Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-1434-foundation-inc-morg_6c2dc168a4c94e5d82877490b0d3129e},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The 1434 Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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