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
Under IRS private-foundation payout rules, The Boustan Charitable Foundation reported a distributable amount of $99K for 2024 — the minimum it must pay out in qualifying distributions.
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:
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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
Among its reported 2024 grants, the largest include Habayta Homeward ($4,000,000), Shaare Zedek Medical Center ($500,000), Pef Israel Endowment Funds Inc ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PLACEIL | CORE GRANT FOR THE IMPLEMENTATION OF INTERNSHIP PROGRAM FOR UNDERREPRESENTED COMMUNITIES IN TECH. | $100,000 |
| CIVIC FORUM INSTITUTE | GRANT FOR AN NGO WHICH SUPERVISES THE IMPLEMENTING THE ESTABLISHING AND OPEARTION OF A REGIONAL GOAT MILK PASTEURIZATION FACILIY. | $24,530 |
| THE PORTLAND TRUST | A CORE GRANT FOR THE IMPLEMENTATION OF A TECH EMPLOYMENT PROGRAM FOR THE BEDWIN COMMUNITY IN THE NEGEV | $100,000 |
| KANAF GROUP | GRANT FOR AN ISRAELI NGO PROMOTING AN EQUAL AND LIBERAL SOCIETY IN ISRAEL | $106,940 |
| SHAARE ZEDEK MEDICAL CENTER | PROVIDES FINANCIAL SUPPORT TO FUND SERVICES, CAPITAL PROJECTS, RESEARCH FOR SHAARE ZEDEK MEDICAL CENTER IN JERUSALEM | $500,000 |
| AJEEC NISPD | GAP YEAR HEBREW COURSES FOR THE ARAB COMMUNITY. | $100,000 |
| AROUS ALBAHAR ORGANIZATION | THE IMPLEMENTATION OF WOMEN'S TRAINING AND FINANCIAL EMPOWERMENT PROGRAM. | $154,252 |
| REICHMAN UNIVERSITY | THE FUNDS WILL BE USED FOR THE AARON INSTITUTE AND WILL BE USED FOR THE IMPLEMENTATION OF THE ARAB SOCIETY RESEARCH CENTER. | $99,723 |
| HASOUB | CAPACITY BUILDING FOR HASOUB (COLLECTIVELY WITH ANY INCOME AND GAINS EARNED THEREON). | $100,000 |
| THE ACADEMIC COLLEGE OF TEL- AVIV JAFFA | FOR THE IMPLEMENTATION OF TERRA SANTA PROJECT AND AVINOAM ARMONI SCHOLLARSHIP | $100,000 |
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
Frequently Asked Questions
What does The Boustan Charitable Foundation fund?
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.
How do I apply for a grant from The Boustan Charitable Foundation?
The foundation is an active grantmaker with substantial annual giving. Recent grants include: • $1,650,000 to Friends of Givat Haviva for fundraising conduit support and emergency financial aid to affected communities (2023) • $500,000 to American Committee for Shaare Zedek Medical Center in Jerusalem for services, capital projects, and research (2024) • $100,000 to The Portland Trust II for a tech employment program for the Bedouin community in the Negev (2023)
Where does The Boustan Charitable Foundation make 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
What size grants does The Boustan Charitable Foundation award?
In 2024, The Boustan Charitable Foundation awarded 27 grants totaling $6.4M — an average of about $236K per grant, based on its IRS Form 990 filings.
How much is The Boustan Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Boustan Charitable Foundation reported a distributable amount of $99K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Boustan Charitable Foundation's EIN?
The Boustan Charitable Foundation's EIN (Employer Identification Number) is 87-4003533. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Boustan Charitable 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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