THE FAB FOUNDATION WAS FORMED FEBRUARY 6, 2009 TO FACILITATE AND SUPPORT THE GROWTH OF THE INTERNATIONAL FAB LAB NETWORK. THE FAB FOUNDATION IS A US NON-PROFIT 501(C)(3) ORGANIZATION EMERGING FROM THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY'S CENTER FOR BITS & ATOMS' (CBA) INTERNATIONAL FAB LAB OUTREACH PROGRAM. OUR MISSION IS TO PROVIDE ACCESS TO THE TOOLS, THE KNOWLEDGE AND THE FINANCIAL MEANS TO EDUCATE, INNOVATE AND INVENT USING TECHNOLOGY AND DIGITAL FABRICATION TO ALLOW ANYONE TO MAKE (ALMOST) ANYTHING, AND THEREBY CREATING OPPORTUNITIES TO IMPROVE LIVES AND LIVELIHOODS AROUND THE WORLD. COMMUNITY ORGANIZATIONS, EDUCATIONAL INSTITUTIONS AND NON-PROFIT CONCERNS ARE OUR PRIMARY BENEFICIARIES.
Key facts about The Fab Foundation
- EIN
- 26-4836002
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $96,250
- Grants made (2024)
- 3
- Average grant
- $32,083
- Median grant
- $40,000
- Total assets
- $4,370,179
- Primary geography
- District of Columbia (48% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Fab Foundation funds
By grant dollars, the top recipient states for The Fab Foundation's 3 itemized 2024 grants were District of Columbia (48%), California (42%) and Ohio (10%). None of its 3 grants with a stated purpose were described as general or operating support.
How The Fab Foundation gives
- Giving fell 72% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Fab Foundation
- How to evaluate The Fab Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.4M
+167.4% YoY
Annual Giving
$96K
-56.9% YoY
Grant Count
3
-70.0% YoY
Avg Grant Size
$32K
+43.8% YoY
About The Fab Foundation
Based on IRS filings
The Fab Foundation is a nonprofit organization focused on Science & Technology, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 3 grants totaling $96K. Net investment income was $8K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,370,179 | $1,634,179 | $3,453,460 |
| Revenue | $6,495,763 | $2,206,847 | $2,649,329 |
| Expenses | $5,385,435 | $3,241,875 | $3,735,780 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $8,176 | $192,120 | $82 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- 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 3 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Shift 7 LLC ($46,250), STEM Connector ($40,000), Fab-Hood ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SHIFT 7 LLC Washington, DC | FISCAL SPONSORSHIP TO PROMOTE THE LEVERAGING OF TECHNOLOGIES TO PROMOTE SOCIAL INNOVATIONS GLOBALLY. | $46,250 |
| STEM CONNECTOR Manhattan Beach, CA | FISCAL SPONSORSHIP | $40,000 |
| FAB-HOOD Cleveland, OH | FISCAL SPONSORSHIP FOR EMPOWERING STUDENTS THROUGH FAB-MATH PROJECT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sherry Lassiter | President/Director | 20 | $75,500 |
| Neil Gershenfeld | Chairman/Director/Consultant | 1 | $101,601 |
| Marie Planchard | Treasurer/Director | 1 | — |
| Blair Evans | Director | 1 | — |
| Katie Rast | Secretary/Director | 1 | — |
| Luciano Betoldi | Vice President/COO | 40 | $135,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Fab Foundation?
The Fab Foundation is a nonprofit organization focused on Science & Technology, based in Boston, MA. It holds $4.4M in total assets as of 2024.
How large is The Fab Foundation?
As of 2024, The Fab Foundation holds $4.4M in total assets with $6.5M in annual revenue. It awarded 3 grants totaling $96K in 2024.
Where does The Fab Foundation operate?
The Fab Foundation has awarded grants in California, District of Columbia, Massachusetts, Mississippi, New York, Ohio, Texas.
What size grants does The Fab Foundation award?
In 2024, The Fab Foundation awarded 3 grants totaling $96K — an average of about $32K per grant, based on its IRS Form 990 filings.
What is The Fab Foundation's EIN?
The Fab Foundation's EIN (Employer Identification Number) is 26-4836002. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.