The Frank and Elizabeth Keohane
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
The largest 2025 recipient was Boston College Connell School of Nursing ($300K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
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
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
| Recipient | Purpose | Amount |
|---|---|---|
| Boston College Connell School of Nursing Chestnut Hill, MA | Education | $300,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $763,607 | $1,010,827 | $326,429 | $300,000 | 1 | $300,035 | $253,247 | $55,830 |
| 2024 | $399,142 | $42,397 | $53,699 | $40,000 | 1 | $40,035 | $28,733 | $35,370 |
| 2023 | $410,387 | $37,514 | $30,873 | $20,000 | 1 | $20,035 | $26,676 | $32,567 |
| 2022 | $403,801 | $4,831 | $45,235 | $35,000 | 2 | $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
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
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 27, 2026)
- IRS filings on file for fiscal years 2020–2024
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