The Patrick J Mcgovern Foundation Inc
The Patrick J. McGovern Foundation is a private, independent foundation established in 1989 and based in Boston, Massachusetts. It is a technology-focused philanthropic organization committed to bridging the frontiers of artificial intelligence, data science, and social impact. The foundation represents the legacy of Patrick J. McGovern, founder of the International Data Group (IDG), a market intelligence company. The foundation operates as a 501(c)(3) private foundation with a mission to advance AI and data solutions for global social good.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5B
+3.5% YoY
Annual Giving
$66.2M
-0.5% YoY
Grant Count
165
-8.8% YoY
Avg Grant Size
$401K
+9.2% YoY
Mission & Focus Areas
The foundation is committed to bridging the frontiers of artificial intelligence (AI), data science, and social impact. The organization describes itself as "tech-inspired global changemakers, optimists, and visionaries advancing AI and data solutions to create a thriving, equitable, and sustainable future for all."
The foundation's strategic focus areas include:
- Unlock AI & data approaches for betterment of humanity — Exploring and developing AI and data science solutions for social good
- Strengthen non-profit impact with technology, AI, and data — Supporting organizations in leveraging technology to enhance their effectiveness
- Accelerate applications of AI to maximize human potential — Advancing practical AI applications that improve human outcomes
- Advocate for digital dignity, data stewardship, and ethical technology — Promoting responsible development and use of technology
- Innovate technology, AI, and data solutions for pressing global challenges — Creating solutions for challenges including the COVID-19 pandemic, climate change, and health inequities
The foundation emphasizes the urgent need for guiding frameworks for ethical AI and data, new approaches to privacy and data stewardship, and bold innovations in AI applications.
Grantmaking
In December 2024, the foundation announced $73.5 million toward AI for Humanity, supporting 144 organizations to champion human-centered AI with capital, AI expertise, and a commitment to inclusive global AI.
Grant Range
$150,000 to $1.5 million
How to Apply
es.
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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
Assets & Giving (2023-2024):
- Total assets: $1.48-1.53 billion
- Total distributions: $73.5 million (2024)
- Total giving: $66.15 million
- Revenue: $13.5 million (2023)
- Expenses: $76.7 million (2023)
- Total liabilities: $6.5 million (2023)
The foundation maintains substantial assets and demonstrates consistent annual giving in the $66-76 million range.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,528,279,575 | $1,476,764,247 | $1,394,714,122 |
| Revenue | $8,264,994 | $13,495,563 | $18,432,891 |
| Expenses | $77,952,201 | $76,692,307 | $79,315,426 |
| Qualifying Distributions | $73,401,085 | $73,704,902 | $73,663,179 |
| Net Investment Income | $65,735,673 | $62,477,388 | $15,424,245 |
| Distributable Amount | $73,773,908 | $70,401,086 | $74,937,468 |
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
250 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
Board & Executive Leadership:
- Patrick J. McGovern III — Trustee/Chair (15 hours/week, $100K compensation)
- Vilas Dhar — Trustee/President (40 hours/week, $821K compensation)
- Suzanne DiBianca — Trustee/Audit Committee Chair (10 hours/week, $100K compensation)
- Elizabeth S. McGovern — Trustee/Treasurer/Clerk (15 hours/week, $100K compensation)
- Steven Verbinski — Trustee/Vice-Chair (10 hours/week, $100K compensation)
Staff Leadership:
- Karen Gill — Vice President of Finance (40 hours/week, $404K compensation)
- Mary Rodriguez — Vice President of Programs (40 hours/week, $363K compensation)
- Nicholas Cain — VP, Strategy and Innovation (40 hours/week, $290K compensation)
- Hazem Mahmoud — Director, Products & Services (40 hours/week, $268K compensation)
- Bob Merriman — Director of Operations (40 hours/week, $216K compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PATRICK J MCGOVERN III | TRUSTEE/ CHAIR | 15 | $100,000 |
| SUZANNE DIBIANCA | TRUSTEE/ AUDIT COMMITTEE CHAIR | 10 | $100,000 |
| ELIZABETH S MCGOVERN | TRUSTEE/ TREASURER/ CLERK | 15 | $100,000 |
| STEVEN VERBINSKI | TRUSTEE/ VICE-CHAIR | 10 | $100,000 |
| VILAS DHAR | TRUSTEE/ PRESIDENT | 40 | $821,376 |
Recent News & Activity
Recent developments and announcements
**December 2024:** The Patrick J. McGovern Foundation announced $73.5 million toward AI for Humanity, supporting 144 organizations to champion human-centered AI. The announcement emphasized the foundation's commitment to providing capital, AI expertise, and support for inclusive global AI development.
Redefining AI Innovation With Social Purpose: Patrick J. McGovern Foundation**December 2025:** The foundation announced a $75.8 million commitment focused on public institutions building the architecture that guides AI use, reflecting the foundation's emphasis on the urgent need for frameworks governing ethical AI development and application.
As the World Races to Accelerate AI, Public Institutions Must Build theContact Information
- Website: www.mcgovern.org
- Phone: 508-203-1236
- Address: PO Box 171536, Boston, MA 02117-3375
- EIN: 22-3021586
- Tax-Exempt Status: 501(c)(3) Private Foundation (IRS status since March 1990)
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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