The Philanthropic Foundation
The Philanthropic Foundation is a private foundation, based in Washington, DC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $40K in total assets. In 2025, it awarded 1 grant totaling $3K. Net investment income was $6K.
Key facts about The Philanthropic Foundation
In short: The Philanthropic Foundation gave $3K across 1 grant in 2025 (avg $3K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- EIN
- 26-0498077
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $3,000
- Grants made (2025)
- 1
- Average grant
- $3,000
- Median grant
- $3,000
- Total assets
- $40,498
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$40K
-42.1% YoY
Annual Giving
$3K
-62.5% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$3K
+12.5% YoY
Under IRS private-foundation payout rules, The Philanthropic Foundation reported a distributable amount of $7K for 2025 — the minimum it must pay out in qualifying distributions.
How The Philanthropic Foundation gives
- In 2025 it paid out 44% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $3K (2025) to $10K (2021). In 2025 it made 1 grant totaling $3K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was HARPSWELL Foundation ($3K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| HARPSWELL Foundation Concord, MA | Support educational activities | $3,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $40,498 | $69,995 | $69,797 |
| Revenue | $5,916 | $3,190 | $-2,386 |
| Expenses | $6,900 | $10,625 | $6,000 |
| Qualifying Distributions | $3,000 | $10,625 | $6,000 |
| Net Investment Income | $5,916 | $565 | — |
| Distributable Amount | $6,746 | $3,435 | $3,389 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 12, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
The Philanthropic Foundation is led by Malcolm Mb Sterrett, President since 2023 (on filings since 2020); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Malcolm Mb Sterrett
President
President → Prsident, 2022
Prsident → President, 2023
On filings since 2020
1 hr/week
No compensation reported
Geoffrey B. Baker
Secretary
Secretary & Director → Secretary, 2021
On filings since 2020
1 hr/week
No compensation reported
Timothy B. Matz
Vice President
Vice President, General Counsel & Director → General Counsel, 2021
General Counsel → Vice President, 2023
On filings since 2020
2 hrs/week
No compensation reported
Bruce Whelihan
Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Former officers (5)
- Former: Dana T. Ackerly (2020) — Vice President & Director
- Former: Edwin K. Hall (2020) — Vice President & Director
- Former: Harry Teeter (2020) — Director
- Former: J. Bruce Whelihan (2020) — Treasurer & Director
- Former: Julio E. Huertematte (2020) — Vice President & Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Philanthropic Foundation
How much does The Philanthropic Foundation give each year?
The Philanthropic Foundation gave $3K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 3 grants.
How large is The Philanthropic Foundation?
The Philanthropic Foundation reported $40K in total assets on its 2025 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Philanthropic Foundation operate?
The Philanthropic Foundation has awarded grants in District of Columbia, Massachusetts.
What is The Philanthropic Foundation's EIN?
The Philanthropic Foundation's EIN (Employer Identification Number) is 26-0498077. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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