The Frank and Elizabeth Keohane

Private foundation · Grantmaker Boston, MA EIN: 27-3640302

The Frank and Elizabeth Keohane is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $764K in total assets. In 2025, it awarded 1 grant totaling $300K. Net investment income was $253K.

The Frank and Elizabeth Keohane at a glance

In short: The Frank and Elizabeth Keohane gave $300K across 1 grant in 2025 (avg $300K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$300,000
+650.0% vs 2024
Grants made (2025)
1
+0.0% vs 2024
Average grant
$300,000
+650.0% vs 2024
Median grant
$300,000
Total assets
$763,607
+91.3% vs 2024
Primary geography
Massachusetts (100% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated September 2026.

Who The Frank and Elizabeth Keohane funds

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Boston College Connell School of Nursing: $300KBoston College Connell Schoolof Nursing$300K

The largest 2025 recipient was Boston College Connell School of Nursing ($300K).

Grant Size Distribution

5 grants across all recorded years

4<$50K$50–100K$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 5 (80%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

Cities

Chestnut HillBostonDanversDorchester

How The Frank and Elizabeth Keohane gives

  • Giving grew 757% from 2022 to 2025. Method
  • In 2025 it paid out 537% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K0 grants2020 0 grants2021 2 grants2022 1 grant2023 1 grant2024 1 grant2025

From 2022 to 2025, annual grant giving ranged from $20K (2023) to $300K (2025). In 2025 it made 1 grant totaling $300K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Boston College Connell School of Nursing Chestnut Hill, MAEducation$300,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$763,607$1,010,827$326,429$300,0001$300,035$253,247$55,830
2024$399,142$42,397$53,699$40,0001$40,035$28,733$35,370
2023$410,387$37,514$30,873$20,0001$20,035$26,676$32,567
2022$403,801$4,831$45,235$35,0002$35,035—$33,607
2021$444,354$37,349$10,603——$35$26,781$34,175
2020$417,495$29,924$9,627———$20,713$28,513

Under IRS private-foundation payout rules, The Frank and Elizabeth Keohane reported a distributable amount of $56K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

The Frank and Elizabeth Keohane's 2025 filing lists 3 officers; 2 of 3 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Stephen W. Kidder

    Trustee

    On filings since 2020

    1 hr/week

    $3K (2020) → $4K (2025)

  • John J. Siciliano

    Trustee

    On filings since 2023

    1 hr/week

    $2K (2023) → $4K (2025)

  • John Keohane

    Trustee

    On filings since 2023

    1 hr/week

    No compensation reported

Former officers (2)
  • Former: Frank J. Keohane (2020–2022) — Trustee
  • Former: Nancy E. Dempze (2020–2022) — Trustee

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

John J Siciliano — Trustee: $4KJohn J SicilianoTrustee$4KStephen W Kidder — Trustee: $4KStephen W KidderTrustee$4K

The highest reported compensation on the 2025 filing was $4K, to John J Siciliano (Trustee). 2 officers or directors reported compensation on that filing.

Frequently asked questions about The Frank and Elizabeth Keohane

How much does The Frank and Elizabeth Keohane give each year?

The Frank and Elizabeth Keohane gave $300K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $40K across 1 grant.

How large is The Frank and Elizabeth Keohane?

The Frank and Elizabeth Keohane reported $764K in total assets on its 2025 IRS Form 990-PF. It paid out $300K in qualifying distributions that year, against a required minimum of $56K (roughly 5% of its investment assets).

Where does The Frank and Elizabeth Keohane operate?

The Frank and Elizabeth Keohane has awarded grants in Massachusetts.

What is The Frank and Elizabeth Keohane's EIN?

The Frank and Elizabeth Keohane's EIN (Employer Identification Number) is 27-3640302. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(2)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 27, 2026)
  2. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from The Frank and Elizabeth Keohane's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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