The Naduse Foundation
The Naduse Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Beverly, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 23 grants totaling $102K. Net investment income was $314K.
Key facts about The Naduse Foundation
- EIN
- 04-3342883
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $101,500
- Grants made (2024)
- 23
- Average grant
- $4,413
- Median grant
- $5,000
- New grantees (estimate)
- 30% first-time grantees (7 of 23, 2024)
- Total assets
- $1,596,768
- Primary geography
- Massachusetts (51% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Naduse Foundation funds
By grant dollars, the top recipient states for The Naduse Foundation's 23 itemized 2024 grants were Massachusetts (51%), District of Columbia (15%) and New York (12%). The most frequent recipient cities were Boston, MA (5 grants), Washington, DC (3 grants), New York, NY (2 grants) and Holderness, NH (2 grants). None of its 23 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (23 grants).
Is The Naduse Foundation open to new grantees?
30%
first-time grantees, 2024
In 2024, 7 of 23 grantees (30%) were first-time recipients. First grants averaged $4K; repeat grants $4K. How we count
Medians: $5K first-time, $5K repeat.
- 61% of 2024 grantees were also funded in 2023. Method
- Giving grew 22% from 2021 to 2024. Method
- In 2024 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Naduse Foundation
- How to evaluate The Naduse Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+15.1% YoY
Annual Giving
$102K
+113.7% YoY
Grant Count
23
+27.8% YoY
Avg Grant Size
$4K
+67.2% YoY
Under IRS private-foundation payout rules, The Naduse Foundation reported a distributable amount of $113K for 2024 — the minimum it must pay out in qualifying distributions.
About The Naduse Foundation
Based on IRS filings
The Naduse Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Beverly, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 23 grants totaling $102K. Net investment income was $314K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 23 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,596,768 | $1,387,759 | $603,075 |
| Revenue | $314,305 | $1,069,050 | $87,484 |
| Expenses | $105,525 | $50,435 | $76,235 |
| Qualifying Distributions | $105,500 | $50,435 | $72,660 |
| Net Investment Income | $314,280 | $19,214 | $87,484 |
| Distributable Amount | $112,872 | $55,913 | $52,605 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
95 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Brain and Behavior Research Foundation ($10,000), Woodwell Climate Research Center ($7,500), Masspirg ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| BRAIN AND BEHAVIOR RESEARCH FOUNDATION New York, NY | CHARITABLE | $10,000 |
| WOODWELL CLIMATE RESEARCH CENTER Falmouth, MA | CHARITABLE | $7,500 |
| MASSPIRG Boston, MA | CHARITABLE | $7,500 |
| FAMILY AID Boston, MA | CHARITABLE | $5,000 |
| IFAW GLOBAL ANIMAL RESCUE Yarmouth Port, MA | CHARITABLE | $5,000 |
| ON THE RISE Cambridge, MA | CHARITABLE | $5,000 |
| UNITED SOUTH END SETTLEMENTS Boston, MA | CHARITABLE | $5,000 |
| WOMEN FOR WOMEN INTERNATIONAL Washington, DC | CHARITABLE | $5,000 |
| WORLD CENTRAL KITCHEN ATTN DONOR SERVICES TEAM Washington, DC | CHARITABLE | $5,000 |
| CHEWONKI FOUNDATION Wiscasset, ME | CHARITABLE | $5,000 |
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 |
|---|---|---|---|
| John Lackey | Trustee | 1 | — |
| Carolyn Lackey | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Naduse Foundation?
The Naduse Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Beverly, MA. It holds $1.6M in total assets as of 2024.
How large is The Naduse Foundation?
As of 2024, The Naduse Foundation holds $1.6M in total assets with $314K in annual revenue. It awarded 23 grants totaling $102K in 2024.
Where does The Naduse Foundation operate?
The Naduse Foundation has awarded grants in Arizona, California, Connecticut, District of Columbia, Georgia, Hawaii, Illinois, Massachusetts, Maryland, Maine, Michigan, New Hampshire, New York, Virginia.
What size grants does The Naduse Foundation award?
In 2024, The Naduse Foundation awarded 23 grants totaling $102K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Naduse Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Naduse Foundation reported a distributable amount of $113K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Naduse Foundation's EIN?
The Naduse Foundation's EIN (Employer Identification Number) is 04-3342883. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.