The Keel Foundation
The Keel Foundation is a private foundation established in 1992 and based in Boston, Massachusetts. It operates as an independent grantmaking foundation with a focus on supporting charitable causes primarily in the Northeast.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+8.5% YoY
Annual Giving
$125K
-75.6% YoY
Grant Count
15
-16.7% YoY
Avg Grant Size
$8K
-70.7% YoY
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Boston Resiliency
The foundation provides general support funding to its grantees.
Grantmaking
The median grant size is approximately $20,000, with an average grant size of around $40,100.
Grant Range
is approximately $20,000, with an average grant size of around $40,100.
Average Grant
of around $40,100.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Massachusetts
- New York
- New Hampshire
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $1,555,580
- Total Revenues: $312,153
- Total Expenses: $190,333
- Investment Income and Dividends: $55,872
As of 2023:
- Total Assets: $1,430,000
- Total Revenues: $443,000
- Total Expenses: $568,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,555,580 | $1,434,207 | $1,558,779 |
| Revenue | $312,153 | $442,983 | $208,521 |
| Expenses | $190,333 | $567,591 | $217,881 |
| Qualifying Distributions | $152,205 | $538,896 | $186,548 |
| Net Investment Income | $282,256 | $412,900 | $180,188 |
| Distributable Amount | $181,008 | $159,275 | $171,932 |
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
82 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
Key leadership includes:
- Barbara M Olsen, Trustee
- Peter A Wilson, Trustee
- Mark M Christopher, Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BARBARA M OLSEN | TRUSTEE | 5 | — |
| PETER A WILSON | TRUSTEE | 5 | — |
| MARK M CHRISTOPHER | TRUSTEE | 5 | — |
| JAMES OLSEN | TRUSTEE | 5 | — |
Contact Information
Address: 1 Post Office Square, Boston, MA 02109-2106
Phone: 617-480-9594
EIN: 04-3166698
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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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