The Altamira Foundation is a private grantmaking foundation established in 2006 and based in Westwood, Massachusetts. As a 501(c)(3) tax-exempt organization, the foundation operates as a family foundation focused on philanthropic giving and grantmaking activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18.6M
+15.2% YoY
Annual Giving
$444K
-29.0% YoY
Grant Count
26
-16.1% YoY
Avg Grant Size
$17K
-15.4% YoY
Under IRS private-foundation payout rules, The Altamira Foundation reported a distributable amount of $915K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation has made 23 grants to various organizations. Recent grants documented include:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds charitable causes in Massachusetts, the District of Columbia, and Illinois.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $18,621,143
- Annual Revenue: $3,322,845
- Annual Expenses: $715,361
- Total Liabilities: $0
As of December 2023:
- Total Assets: $16,159,743
- Total Revenues: $565,004
- Total Expenses: $849,284
- Investment Income and Dividends: $563,004
The foundation has one employee and maintains a minimal expense-to-asset ratio, indicating a conservative spending approach relative to its asset base.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $18,621,143 | $16,159,743 | $16,444,023 |
| Revenue | $3,322,845 | $565,004 | $645,826 |
| Expenses | $715,361 | $849,284 | $1,160,812 |
| Qualifying Distributions | $545,877 | $699,600 | $1,005,668 |
| Net Investment Income | $3,155,236 | $413,320 | $490,682 |
| Distributable Amount | $915,197 | $861,215 | $873,402 |
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
137 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Medstar - Georgetown University Hospital ($75,000), Augustana Fund ($50,000), Smart From the Start ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALS THERAPY DEVELOPMENT INSTITUTE WATERTOWN, MA | CHARITABLE | $1,000 |
| AUGUSTANA FUND ROCK ISLAND, IL | CHARITABLE | $50,000 |
| FAMILY PROMISE METROWEST NATICK, MA | CHARITABLE | $1,000 |
| FRIENDS OF THE SMITHSONIAN WASHINGTON, DC | CHARITBALE | $2,500 |
| FRIENDS OF WESTWOOD PUBLIC LIBRARY WESTWOOD, MA | CHARITABLE | $2,000 |
| HALE EDUCATION WESTWOOD, MA | CHARITABLE | $25,000 |
| HOPE FOR HENRY FOUNDATION WASHINGTON, DC | CHARITABLE | $2,000 |
| KENNEDY CENTER WASHINGTON, DC | CHARITABLE | $1,800 |
| LA MANO AMIGA - THE INVISIBLE HAND FOUNDATION BETHESDA, MD | CHARITABLE | $10,000 |
| MASS GENERAL HOSPITAL BOSTON, MA | CHARITABLE | $15,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is listed as "Kenneth L Abrams Et Al Ttee," indicating Kenneth L. Abrams serves as a trustee.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH L ABRAMS | TRUSTEE | 1 | — |
| SUSAN N ABRAMS | TRUSTEE | 1 | — |
| JESSICA A MURRAY | TRUSTEE | 1 | — |
Contact Information
Address: 401 Summer Street, Westwood, MA 02090
Telephone: 781-329-5186
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from The Altamira Foundation?
The foundation has made 23 grants to various organizations. Recent grants documented include: • University of Louisville School of Medicine Class of 2026: $125,000 (2023) • MedStar Georgetown University Hospital: $100,000 (2023) • Smart From the Start: $50,000 (2023) The foundation's grantmaking focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services. Typical award amounts range from $350–$600,000.
Where does The Altamira Foundation make grants?
The foundation primarily funds charitable causes in Massachusetts, the District of Columbia, and Illinois.
What size grants does The Altamira Foundation award?
In 2024, The Altamira Foundation awarded 26 grants totaling $444K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is The Altamira Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Altamira Foundation reported a distributable amount of $915K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Altamira Foundation's EIN?
The Altamira Foundation's EIN (Employer Identification Number) is 20-7190733. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Altamira Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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