The Ausolus Trust

Foundation · Grantmaker Boston, MA EIN: 04-3368079

The Ausolus Trust is a private foundation established in 1997 and based in Boston, Massachusetts. Operating as a 501(c)(3) organization, it functions as a grantmaking foundation dedicated to supporting exempt charitable purposes through philanthropic giving.

Key facts about The Ausolus Trust

EIN: 04-3368079
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $1,515,000
Grants made (2024): 68
Average grant: $22,279
Median grant: $10,000
New grantees (estimate): 21% first-time grantees (14 of 68, 2024)
Total assets: $32,406,464
Primary geography: Massachusetts (32% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who The Ausolus Trust funds

By grant dollars, the top recipient states for The Ausolus Trust's 68 itemized 2024 grants were Massachusetts (32%), Pennsylvania (19%) and Maine (17%). The most frequent recipient cities were Boston, MA (13 grants), New York, NY (4 grants), Bar Harbor, ME (3 grants) and Philadelphia, PA (2 grants). None of its 68 grants with a stated purpose were described as general or operating support. Recurring purposes include "Exempt Purpose" (68 grants).

Is The Ausolus Trust open to new grantees?

21%

first-time grantees, 2024

In 2024, 14 of 68 grantees (21%) were first-time recipients. First grants averaged $18K; repeat grants $23K. How we count

Medians: $5K first-time, $10K repeat.

78% of 2024 grantees were also funded in 2023. Method
Giving grew 26% from 2021 to 2024. 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 IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with The Ausolus Trust

How to evaluate The Ausolus Trust as a funder
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$32.4M

+9.6% YoY

Annual Giving

$1.5M

+6.3% YoY

Grant Count

+9.7% YoY

Avg Grant Size

$22K

-3.1% YoY

Under IRS private-foundation payout rules, The Ausolus Trust reported a distributable amount of $1.6M for 2024 — the minimum it must pay out in qualifying distributions.

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

Mission & Focus Areas

The Trust's primary funding interests include:

Education
Historical societies
The arts
Hospitals
Human services
Philanthropy and voluntarism

Grantmaking

The Trust also supports Harvard University and numerous other organizations aligned with its funding priorities.

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Geographic Focus

Where this funder awards grants

The Trust primarily funds organizations in:

Massachusetts
Maine
New York

Grant Distribution by State

Massachusetts $486K (32%)

Pennsylvania $290K (19%)

Maine $257K (17%)

New York $184K (12%)

Arizona $70K (5%)

All other $229K (15%)

Share of all 68 itemized 2024 grant dollars.

States

Arizona California Connecticut District of Columbia Florida Illinois Kansas Massachusetts Maryland Maine New Hampshire New Jersey New York Pennsylvania Rhode Island Virginia Vermont

Cities

BostonNew YorkBar HarborMount DesertPhiladelphiaEllsworthCambridgeGloucesterDorchesterManchesterSalemBeverlySouthwest HarborWashingtonBelmontFlagstaffManchesterbytheseaPittsburghPoughkeepsieRockland

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total assets: $32,406,464
Total revenue: $1,025,942
Total expenses: $1,741,641
Total liabilities: $0

As of 2023:

Total assets: $29,576,368
Total revenues: $2,470,779
Total expenses: $1,673,327

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$32,406,464	$29,576,368	$26,288,985
Revenue	$1,025,942	$2,470,779	$2,610,321
Expenses	$1,741,641	$1,673,327	$1,774,712
Qualifying Distributions	$1,533,250	$1,434,150	$1,472,625
Net Investment Income	$827,551	$2,264,065	$2,393,234
Distributable Amount	$1,563,389	$1,381,130	$1,435,246

Data update history

When this profile's IRS filing data changed on Grantable

February 28, 2026 IRS filings on file for fiscal years 2020–2024

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

290 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Morris Aboretum ($100,000), Vassar College ($100,000), Friends of Wissahickon ($100,000).

Recipient	Purpose	Amount
MORRIS ABORETUM Philadelphia, PA	EXEMPT PURPOSE	$100,000
VASSAR COLLEGE Poughkeepsie, NY	EXEMPT PURPOSE	$100,000
FRIENDS OF WISSAHICKON Philadelphia, PA	EXEMPT PURPOSE	$100,000
LOWELL OBSERVATORY Flagstaff, AZ	EXEMPT PURPOSE	$70,000
MAINE COAST HERITAGE TRUST Topsham, ME	EXEMPT PURPOSE	$57,000
ISABELLA STEWART GARDNER MUSEUM Boston, MA	EXEMPT PURPOSE	$55,000
BATES COLLEGE Lewiston, ME	EXEMPT PURPOSE	$50,000
DANA-FARBER CANCER INSTITUTE INC Boston, MA	EXEMPT PURPOSE	$50,000
GLOUCHESTER MARINE GENOMICS INSTITUTE Gloucester, MA	EXEMPT PURPOSE	$50,000
ISLAND READERS & WRITERS Mount Desert, ME	EXEMPT PURPOSE	$50,000

Leadership & Key People

Leadership team and compensation from IRS filings

The Trust is associated with George P. Beal and operates through the Boston Family Office.

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
George Putnam III	Trustee	1	—
Barbara P Lyman	Trustee	1	—
Susan W Peck	Trustee	1	—

Contact Information

Address: 88 Broad Street, Floor 2, Boston, MA 02110-3403

Telephone: 617-624-0800

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The Ausolus Trust fund?

The Trust's primary funding interests include: • Education • Historical societies • The arts • Hospitals • Human services • Philanthropy and voluntarism

How do I apply for a grant from The Ausolus Trust?

**Grant Activity:** • Made 55 grants in 2023 • Total giving of $1,515,000 in 2024 • Typical award range: $1,000–$100,000 **Recent Grantees (2023):** • Bates College ($100,000) • Springside Chestnut Hill Academy ($100,000) • Vassar College ($100,000) The Trust also supports Harvard University and numerous other organizations aligned with its funding priorities.

Where does The Ausolus Trust make grants?

The Trust primarily funds organizations in: • Massachusetts • Maine • New York

What size grants does The Ausolus Trust award?

In 2024, The Ausolus Trust awarded 68 grants totaling $1.5M — an average of about $22K per grant, based on its IRS Form 990 filings.

How much is The Ausolus Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Ausolus Trust reported a distributable amount of $1.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.