The Ilene Beal Charitable Foundation
The Ilene Beal Charitable Foundation is a private foundation based in Weston, Massachusetts. The foundation was established to promote and maintain the legacy of Ilene Beal, a pioneering figure in Boston's banking industry who rose to senior leadership positions at a time when women were vastly underrepresented in such roles.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.3M
-7.4% YoY
Annual Giving
$865K
+7.4% YoY
Grant Count
14
+0.0% YoY
Avg Grant Size
$62K
+7.4% YoY
Mission & Focus Areas
The foundation's goal is to enthusiastically maintain and promote Ilene's legacy by supporting:
- Organizations and individuals fighting health issues
- Initiatives to increase hospitals' ability to provide high-quality care
- Mentoring and support for motivated women in underrepresented fields
- Innovators striving to improve communities in and around Boston and beyond
The foundation is particularly focused on organizations and individuals who exemplify Ilene's quiet, effective, and efficient spirit. Core principles reflected in grantmaking include hard work, high standards, service, graciousness, and an abiding care for others.
Specific areas of interest include mentoring, promoting the role of women in the workforce, cancer research, and direct support services for sick patients and families.
Grantmaking
Grant Range
s:** Typical awards range from $5,000 to $200,000, with a median grant amount of approximately $38,000.
Invitation Only
** Grants from the Ilene Beal Charitable Foundation are by invitation only. However, the foundation welcomes inquiries from interested organizations. Those wishing to learn more about Ilene and her legacy are encouraged to introduce themselves via email to info@ilenebealfoundation.org.
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Massachusetts and California, with particular emphasis on the Boston area and surrounding communities.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $9.3–$10.0 million
- Annual Giving: $806,000–$865,000
- EIN: 47-7387821
- Organization Type: Private Grantmaking Foundation
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,284,573 | $10,023,358 | $11,001,228 |
| Revenue | $267,846 | $314,317 | $193,629 |
| Expenses | $1,099,587 | $1,000,828 | $1,050,646 |
| Qualifying Distributions | $865,000 | $805,500 | $861,000 |
| Net Investment Income | $286,734 | $500,099 | $263,084 |
| Distributable Amount | $861,707 | $775,609 | $825,003 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
77 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is overseen by four trustees:
- J. Brian Potts
- Gina Regina
- Kathleen McCarthy
- David Vaughn
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| J BRIAN POTTS | TRUSTEE | 4 | $60,000 |
| DAVID VAUGHN | TRUSTEE | 4 | $60,000 |
| GINA REGINA | TRUSTEE | 4 | $60,000 |
Recent News & Activity
Recent developments and announcements
The foundation released a series of video interviews with friends and colleagues of Ilene, capturing her life and spirit. The foundation also hosted a sold-out benefit concert featuring music and a showcase of its nonprofit partners, with proceeds supporting partner organizations.
Ilene Beal Charitable Foundation gift focuses on cancer interception - ImpactThe foundation provided support to Xylyx Bio as part of a multi-foundation grant totaling $1.125 million to accelerate clinical translation of bioengineered human organs for life-saving transplantation.
Xylyx Bio receives $1.125 million from multiple foundations to accelerateThe foundation made a gift to Dana-Farber Cancer Institute focused on cancer interception research.
Ilene Beal Charitable Foundation gift focuses on cancer interception - ImpactSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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