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.
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
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 | — | — | — |
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
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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