The Bruce and Barbara Austin Family is a private foundation focused on Education, based in READING, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $614K in total assets. In 2024, it awarded 7 grants totaling $68K. Net investment income was $60K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$614K
-1.3% YoY
Annual Giving
$68K
+4.6% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$10K
-10.3% YoY
Under IRS private-foundation payout rules, The Bruce and Barbara Austin Family reported a distributable amount of $64K for 2024 — the minimum it must pay out in qualifying distributions.
About The Bruce and Barbara Austin Family
Based on IRS filings
The Bruce and Barbara Austin Family is a private foundation focused on Education, based in READING, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $614K in total assets. In 2024, it awarded 7 grants totaling $68K. Net investment income was $60K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $614,431 | $622,244 | $675,983 |
| Revenue | $72,421 | $24,865 | $162,019 |
| Expenses | $80,234 | $75,231 | $69,269 |
| Qualifying Distributions | $68,025 | $65,018 | $59,215 |
| Net Investment Income | $60,247 | $14,687 | $152,117 |
| Distributable Amount | $64,301 | $54,956 | $53,511 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
34 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Old South United Methodist Church ($19,950), Dystonia Medical Research Foundation ($10,000), Keene State College ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DYSTONIA MEDICAL RESEARCH FOUNDATION READING, MA | GENERAL GRANT | $10,000 |
| KEENE STATE COLLEGE KEENE, NH | GENERAL GRANT | $10,000 |
| OLD SOUTH UNITED METHODIST CHURCH READING, MA | GENERAL GRANT | $19,950 |
| CUTTING EDGE PROMOTION STOUGHTON, MA | GENERAL GRANT | $3,075 |
| READING LIONS CLUB READING, MA | GENERAL GRANT | $10,000 |
| READING PUBLIC LIBRARY FOUNDATION READING, MA | GENERAL GRANT | $5,000 |
| UNIVERSITY OF MASSACHUSETTS AMHERST AMHERST, MA | HIGHER HOPES FUND | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRUCE L AUSTIN | TRUSTEE | 2 | — |
| BARBARA D AUSTIN | TRUSTEE | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Bruce and Barbara Austin Family?
The Bruce and Barbara Austin Family is a private foundation focused on Education, based in READING, MA. It holds $614K in total assets as of 2024.
How large is The Bruce and Barbara Austin Family?
As of 2024, The Bruce and Barbara Austin Family holds $614K in total assets with $72K in annual revenue. It awarded 7 grants totaling $68K in 2024.
Where does The Bruce and Barbara Austin Family operate?
The Bruce and Barbara Austin Family has awarded grants in Massachusetts, New Hampshire.
What size grants does The Bruce and Barbara Austin Family award?
In 2024, The Bruce and Barbara Austin Family awarded 7 grants totaling $68K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The Bruce and Barbara Austin Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bruce and Barbara Austin Family reported a distributable amount of $64K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Bruce and Barbara Austin Family's EIN?
The Bruce and Barbara Austin Family's EIN (Employer Identification Number) is 04-3430324. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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