THE LIBRARY FOUNDATION OF NEEDHAM ENCOURAGES COMMUNITY INVESTMENT THROUGH INDIVIDUAL AND CORPORATE GIVING FOR LIBRARY PROGRAMS AND SERVICES NOT PROVIDED FOR IN THE TOWN-FUNDED BUDGET AND COORDINATES FUNDRAISING AND PROMOTIONAL ACTIVITIES TO INCREASE THE ENDOWMENT AND RESPONSIBLY MANAGE AND GROW THE FUNDS.
Key facts about The Library Foundation of Needham Inc
- EIN
- 04-3783995
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $24,995
- Grants made (2024)
- 1
- Average grant
- $24,995
- Median grant
- $24,995
- Total assets
- $1,985,238
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How The Library Foundation of Needham Inc gives
- Giving grew 23% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Library Foundation of Needham Inc
- How to evaluate The Library Foundation of Needham Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+11.2% YoY
Annual Giving
$25K
-53.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$25K
-53.5% YoY
About The Library Foundation of Needham Inc
Based on IRS filings
The Library Foundation of Needham Inc is a nonprofit organization focused on Education, based in Needham, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 1 grant totaling $25K. Net investment income was $90K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,985,238 | $1,784,968 | $1,652,876 |
| Revenue | $108,215 | $111,644 | $122,056 |
| Expenses | $47,351 | $88,508 | $32,780 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $89,576 | $76,843 | $82,980 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Public Library Town of Needham ($24,995).
| Recipient | Purpose | Amount |
|---|---|---|
| PUBLIC LIBRARY TOWN OF NEEDHAM Needham, MA | FUNDING FOR PROGRAM OFFERINGS, EXPANSION OF THE COLLECTION AND PURCHASE OF SPECIAL EQUIPMENT AND SERVICES. | $24,995 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kathy D'Addesio | President | 0.5 | — |
| James Reulbach | Vice President | 1 | — |
| Stephen Shusterman | Treasurer | 3 | — |
| Kathy Whitney | Clerk | 0.5 | — |
| Jonathan B Hruska | Director | 0.5 | — |
| Leslie Renzulli | Director | 0.5 | — |
| Louise Miller | Director | 0.5 | — |
| Mike O'Leary | Director | 0.5 | — |
| Debra Steele | Director | 0.5 | — |
| Joan Smith | Director | 0.5 | — |
| Sue Young | Director | 0.5 | — |
| Jay Fialkov | Liaison, Library Board of Trustees | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Library Foundation of Needham Inc?
The Library Foundation of Needham Inc is a nonprofit organization focused on Education, based in Needham, MA. It holds $2.0M in total assets as of 2024.
How large is The Library Foundation of Needham Inc?
As of 2024, The Library Foundation of Needham Inc holds $2.0M in total assets with $108K in annual revenue. It awarded 1 grant totaling $25K in 2024.
Where does The Library Foundation of Needham Inc operate?
The Library Foundation of Needham Inc has awarded grants in Massachusetts.
What size grants does The Library Foundation of Needham Inc award?
In 2024, The Library Foundation of Needham Inc awarded 1 grant totaling $25K — an average of about $25K per grant, based on its IRS Form 990 filings.
What is The Library Foundation of Needham Inc's EIN?
The Library Foundation of Needham Inc's EIN (Employer Identification Number) is 04-3783995. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.