The Ermada Charitable Foundation

BOSTON, MA EIN: 87-2897947

The Ermada Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $346K in total assets. In 2024, it awarded 1 grants totaling $150K. Net investment income was $28K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$346K

+33.5% YoY

Annual Giving

$150K

Grant Count

Avg Grant Size

$150K

Under IRS private-foundation payout rules, The Ermada Charitable Foundation reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.

About The Ermada Charitable Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $150K (100%)

States

Massachusetts

Cities

Boston

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$346,091	$259,276	$290,378
Revenue	$258,444	$5,966	$304,130
Expenses	$171,629	$37,068	$13,522
Qualifying Distributions	$150,000	$13,500	$10,027
Net Investment Income	$28,302	$5,353	$2,739
Distributable Amount	$18,232	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Beth Israel Deaconess Medical Center ($150,000).

Recipient	Purpose	Amount
BETH ISRAEL DEACONESS MEDICAL CENTER BOSTON, MA	TO ADVANCING THE INNOVATIVE CLINICAL, EDUCATION, AND RESEARCH PROGRAMS	$150,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LISA WEINSTEIN BURNS	TRUSTEE	5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Ermada Charitable Foundation?

The Ermada Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. It holds $346K in total assets as of 2024.

How large is The Ermada Charitable Foundation?

As of 2024, The Ermada Charitable Foundation holds $346K in total assets with $258K in annual revenue. It awarded 1 grants totaling $150K in 2024.

Where does The Ermada Charitable Foundation operate?

The Ermada Charitable Foundation has awarded grants in Massachusetts.

What size grants does The Ermada Charitable Foundation award?

In 2024, The Ermada Charitable Foundation awarded 1 grants totaling $150K — an average of about $150K per grant, based on its IRS Form 990 filings.

How much is The Ermada Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Ermada Charitable Foundation reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Ermada Charitable Foundation's EIN?

The Ermada Charitable Foundation's EIN (Employer Identification Number) is 87-2897947. IRS Form 990 filing data is available on this page for 2021–2024.