The Boustan Charitable Foundation
The Boustan Charitable Foundation is a 501(c)(3) private foundation based in Arlington, Massachusetts. The foundation was established in 2022 and operates with no employees. It is also known by its former names: The Mattar Foundation and The Armony Foundation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$181K
-93.1% YoY
Annual Giving
$6.4M
+82.7% YoY
Grant Count
27
+35.0% YoY
Avg Grant Size
$236K
+35.4% YoY
Mission & Focus Areas
The foundation's mission is to reduce social gaps and promote shared and equal societies in Israel and Palestine by investing in non-profit organizations making significant impact in the fields of education, employment, equality, and healthcare.
The foundation provides grants and support to organizations for charitable, educational, and scientific purposes, including foreign charitable organizations.
Grantmaking
The foundation is an active grantmaker with substantial annual giving. Recent grants include:
Ready to take the next step with The Boustan Charitable Foundation?
Geographic Focus
Where this funder awards grants
The foundation funds projects across multiple locations in Israel and the United States, including:
Israel: Arava, Beer Sheva, Tel Aviv, Jerusalem, and the Negev region
United States: New York and Palo Alto
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Filing (2023):
- Total Assets: $2,611,813
- Total Revenue: $3,821,548
- Total Expenses: $3,838,595
2024 Filing:
- Total Revenue: $4,569,754
- Total Expenses: $6,905,924
- Total Assets: $180,680
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $180,680 | $2,611,813 | $2,628,860 |
| Revenue | $4,569,754 | $3,821,548 | $216,042 |
| Expenses | $6,905,924 | $3,838,595 | $452,611 |
| Qualifying Distributions | $6,799,703 | $3,739,718 | $452,266 |
| Net Investment Income | $1,115,747 | $3,509,138 | $2,969,306 |
| Distributable Amount | $99,498 | $179,851 | $121,737 |
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
51 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
The foundation is overseen by two trustees who serve without compensation:
- Izhar Armony
- Noamit Armony Erel
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| IZHAR ARMONY | TRUSTEE | 4 | — |
| NOAMIT ARMONY EREL | TRUSTEE | 4 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Charles J Tasker Memorial Scholarship Fund
HANOVER, MA
Assets
$98K
Grants
1
Total Given
$8K
Marshall M & Barbara J Sloane Pvt Found
CHESTNUT HILL, MA
Assets
$1.2M
Grants
11
Total Given
$75K
John J Mcardle Iii & Joan C Mcardle
ANDOVER, MA
Assets
$1.8M
Grants
13
Total Given
$205K
Massachusetts Association of Realtors
FOXBOROUGH, MA
Assets
$18.1M
Grants
2
Total Given
$71K
Communities for Restorative Justice
BOSTON, MA
Assets
$524K
Grants
1
Total Given
$61K
Hingham Historical Society Inc
HINGHAM, MA
Assets
$7.4M
Grants
1
Total Given
$10K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Boustan Charitable Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities