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
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
No grants recorded for .
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
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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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