The New England Foundation
The New England Foundation is a private family foundation based in Boston, Massachusetts, also known as the McNay Family Foundation. Founded in 1987, it is a 501(c)(3) organization that provides philanthropic support to organizations across New England.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.5M
-9.6% YoY
Annual Giving
$600K
+124.2% YoY
Grant Count
25
+66.7% YoY
Avg Grant Size
$24K
+34.5% YoY
Mission & Focus Areas
The foundation primarily funds general welfare, education, religious, and medical initiatives. Its grantmaking focuses on education, philanthropy, voluntarism & grantmaking, and health care.
Grantmaking
The foundation made 15 grants in 2023. Recent grantees include:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Massachusetts, New Hampshire, and Connecticut.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $6,064,324
- Total revenues: -$1,046,355
- Total expenses: $390,005
- Number of employees: 0
As of 2024 (most recent IRS 990 filing):
- Total assets: $5,480,583
- Total giving: $600,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,480,583 | $6,064,324 | $7,500,684 |
| Revenue | $102,219 | $-1,046,355 | $180,771 |
| Expenses | $685,960 | $390,005 | $1,626,910 |
| Qualifying Distributions | $608,453 | $282,991 | $1,436,170 |
| Net Investment Income | $92,047 | — | $10,031 |
| Distributable Amount | $316,613 | $258,376 | $418,006 |
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
96 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 |
|---|---|---|---|
| JOSEPH MCNAY | TRUSTEE | 1 | — |
| ANNE MCNAY | TRUSTEE | 1 | — |
| COLIN MCNAY | TRUSTEE | 1 | — |
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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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