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.
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 grants totaling $25K. Net investment income was $90K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
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 | — | — | — |
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
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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