The Jaket Foundation is a private independent foundation based in Boston, Massachusetts, established in 1998. The foundation operates as a 501(c)(3) organization and maintains substantial assets to support philanthropic initiatives primarily in the New England region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$129.7M
+18.0% YoY
Annual Giving
$15.2M
+22.4% YoY
Grant Count
31
+6.9% YoY
Avg Grant Size
$489K
+14.5% YoY
Under IRS private-foundation payout rules, The Jaket Foundation reported a distributable amount of $10.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not maintain a publicly stated mission statement. However, its grantmaking demonstrates consistent focus on:
- Youth Services
- Education
- Athletics
- Human Services
The foundation's giving has concentrated primarily in the Boston area, with secondary focus in Massachusetts, Wisconsin, and New Hampshire.
Grantmaking
The Jaket Foundation operates through trustee-selected grants with no formal public application process or grant cycles. The foundation does not maintain a public website or accept unsolicited applications.
Grant Range
** $2,500 to $10,000,000
Review Cycle
. The foundation does not maintain a public website or accept unsolicited applications.
How to Apply
or grant cycles. The foundation does not maintain a public website or accept unsolicited applications.
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Geographic Focus
Where this funder awards grants
The foundation's primary geographic focus is the Boston and Concord, Massachusetts area. Secondary funding activity occurs in Wisconsin and New Hampshire.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount | Year |
|---|---|---|
| Total Assets | $129.7 million | 2024 |
| Total Assets | $110 million | 2023 |
| Annual Giving | $15.2 million | 2024 |
| Annual Giving | $12.4 million | 2023 |
| Total Liabilities | $0 | 2023 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $129,709,833 | $109,895,331 | $103,529,060 |
| Revenue | $22,515,167 | $30,326,216 | $4,421,852 |
| Expenses | $19,422,583 | $16,099,142 | $5,696,378 |
| Qualifying Distributions | $15,397,714 | $12,618,172 | $2,804,217 |
| Net Investment Income | $13,468,526 | $5,782,846 | $1,699,845 |
| Distributable Amount | $10,162,853 | $8,037,102 | $8,369,355 |
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
108 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Uncf ($4,500,000), Harvard Medical School ($2,000,000), University of Wisconsin ($1,500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| RED SOX FOUNDATION BOSTON, MA | BIG BROTHERS BIG SISTERS DONATED SEATS AT THE MAY 30TH GAME | $14,000 |
| SEACOAST CLASSICAL ACADEMY NEWTON, NH | FIRST INSTALLMENT OF A FIVE YEAR PLEDGE | $100,000 |
| BIG BROTHER BIG SISTER EASTERN MA (PREVIOUSLY MASS BAY) BOSTON, MA | FIRST INSTALLMENT OF FIVE YEAR COMMITMENT | $250,000 |
| BOYS AND GIRLS CLUBS OF BOSTON BOSTON, MA | FIRST OF FOUR YEAR PLEDGE TO SUPPORT SOCIAL WORKER | $250,000 |
| RON BURTON TRAINING VILLAGE HUBBARDSTON, MA | TO SUPPORT THE CAPITAL CAMPAIGN | $87,500 |
| MOTHER CAROLINE ACADEMY DORCHESTER, MA | ANNUAL COMMITMENT AND 2024 CLASS SPONSORSHIP | $235,000 |
| MV YOUTH CHILMARK, MA | 2024 FOUNDERS GIFT | $25,000 |
| UNCF BOSTON, MA | CURRICULUM AND CONSULTANT SUPPORT FOR PROJECT ACCLAIM LAUNCH | $541,830 |
| UNCF BOSTON, MA | ENDOWMENT AND SUBSIDY GRANTS FOR PROJECT ACCLAIM LAUNCH | $4,500,000 |
| FALMOUTH ROAD RACE FALMOUTH, MA | HIGH SCHOOL MILE, SCHOLARSHIP MATCH, SPONSORSHIP | $102,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Founder: Phillip T. Gross, co-founder of Adage Capital Management, LP
Spouse: Elizabeth Gross
Phillip Gross also serves as founder and treasurer of Strategic Grant Partners, a Boston-based collaborative philanthropy organization supporting projects that improve the lives of struggling individuals and families in Massachusetts.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PHILLIP T GROSS | TRUSTEE | 1 | — |
| ELIZABETH COCHARY GROSS | TRUSTEE | 1 | — |
| CHARLES E CLAPP III | TRUSTEE | 1 | — |
| THOMAS V QUIRK | TRUSTEE | 1 | — |
Contact Information
Address: 75 Federal Street, Suite 1100, Boston, MA 02110
Phone: 617-357-9110
EIN: 04-6878795
Tax-Exempt Status: Since August 2000
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Jaket Foundation fund?
The foundation does not maintain a publicly stated mission statement. However, its grantmaking demonstrates consistent focus on: • **Youth Services** • **Education** • **Athletics** • **Human Services** The foundation's giving has concentrated primarily in the Boston area, with secondary focus in Massachusetts, Wisconsin, and New Hampshire.
How do I apply for a grant from The Jaket Foundation?
The Jaket Foundation operates through trustee-selected grants with no formal public application process or grant cycles. The foundation does not maintain a public website or accept unsolicited applications. **Grant Range:** $2,500 to $10,000,000 **Typical Award Breakdown:** • General Grants: $2,500 - $900,000 • Education Grants: $400,000 - $10,000,000 • Youth Services Grants: $5,000 - $250,000 • **2023:** $12.4 million in total giving across 29 awards • **2022:** $2.6 million in total giving ac…
Where does The Jaket Foundation make grants?
The foundation's primary geographic focus is the Boston and Concord, Massachusetts area. Secondary funding activity occurs in Wisconsin and New Hampshire.
What size grants does The Jaket Foundation award?
In 2024, The Jaket Foundation awarded 31 grants totaling $15.2M — an average of about $489K per grant, based on its IRS Form 990 filings.
How much is The Jaket Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Jaket Foundation reported a distributable amount of $10.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Jaket Foundation's EIN?
The Jaket Foundation's EIN (Employer Identification Number) is 04-6878795. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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