The Joan & Leo Mahoney Family Foundation
The Joan & Leo Mahoney Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOWELL, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 6 grants totaling $220K. Net investment income was $188K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
-2.9% YoY
Annual Giving
$220K
-4.3% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$37K
+11.6% YoY
Under IRS private-foundation payout rules, The Joan & Leo Mahoney Family Foundation reported a distributable amount of $64K for 2024 — the minimum it must pay out in qualifying distributions.
About The Joan & Leo Mahoney Family Foundation
Based on IRS filings
The Joan & Leo Mahoney Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOWELL, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 6 grants totaling $220K. Net investment income was $188K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,037,273 | $1,068,232 | $1,186,843 |
| Revenue | $199,536 | $122,547 | $188 |
| Expenses | $230,495 | $241,158 | $251,334 |
| Qualifying Distributions | $1,259,562 | $1,359,159 | $1,407,389 |
| Net Investment Income | $188,428 | $99,489 | $22,763 |
| Distributable Amount | $64,146 | $69,834 | $85,822 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boston Medical Center ($50,000), St Patricks School ($50,000), Boys Girls Club Lowell ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| XAVERIAN BROTHERS Danvers, MA | EDUCATION | $10,000 |
| BOSTON MEDICAL CENTER Boston, MA | HEALTHCARE | $50,000 |
| ST PATRICKS SCHOOL Lowell, MA | EDUCATION | $50,000 |
| CATHOLIC SCHOOLS FOUNDATION Boston, MA | EDUCATION | $10,000 |
| BOYS GIRLS CLUB LOWELL Lowell, MA | HEALTHCARE | $50,000 |
| LOWELL CATHOLIC SCHOOL Lowell, MA | EDUCATION | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHELAGH E MAHONEY | TRUSTEE | 5 | — |
| MEGHAN L MAHONEY | TRUSTEE | 5 | — |
| PATRICK L MAHONEY | TRUSTEE | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Joan & Leo Mahoney Family Foundation?
The Joan & Leo Mahoney Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOWELL, MA. It holds $1.0M in total assets as of 2024.
How large is The Joan & Leo Mahoney Family Foundation?
As of 2024, The Joan & Leo Mahoney Family Foundation holds $1.0M in total assets with $200K in annual revenue. It awarded 6 grants totaling $220K in 2024.
Where does The Joan & Leo Mahoney Family Foundation operate?
The Joan & Leo Mahoney Family Foundation has awarded grants in Massachusetts, New York, South Carolina.
What size grants does The Joan & Leo Mahoney Family Foundation award?
In 2024, The Joan & Leo Mahoney Family Foundation awarded 6 grants totaling $220K — an average of about $37K per grant, based on its IRS Form 990 filings.
How much is The Joan & Leo Mahoney Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Joan & Leo Mahoney Family Foundation reported a distributable amount of $64K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Joan & Leo Mahoney Family Foundation's EIN?
The Joan & Leo Mahoney Family Foundation's EIN (Employer Identification Number) is 04-3474541. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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