The Rands Foundation
The Rands Foundation is a private foundation located in Westwood, Massachusetts, established in 2005. It operates as a 501(c)(3) exempt private foundation with no employees. The foundation was created by Robert D. Rands and supports charitable purposes primarily through grantmaking to nonprofit organizations.
Key facts about The Rands Foundation
- EIN
- 87-0757900
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,265,000
- Grants made (2024)
- 37
- Average grant
- $34,189
- Median grant
- $25,000
- New grantees (estimate)
- 19% first-time grantees (7 of 37, 2024)
- Total assets
- $23,448,146
- Primary geography
- Massachusetts (67% 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 Rands Foundation funds
By grant dollars, the top recipient states for The Rands Foundation's 37 itemized 2024 grants were Massachusetts (67%), District of Columbia (13%) and New York (9%). The most frequent recipient cities were Boston, MA (5 grants), Washington, DC (4 grants), Lawrence, MA (2 grants) and Needham, MA (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is The Rands Foundation open to new grantees?
19%
first-time grantees, 2024
In 2024, 7 of 37 grantees (19%) were first-time recipients. First grants averaged $41K; repeat grants $33K. How we count
Medians: $25K first-time, $25K repeat.
- 78% of 2024 grantees were also funded in 2023. Method
- Giving grew 33% from 2021 to 2024. Method
- In 2024 it paid out 114% of its IRS minimum distribution (the 5% rule). 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 Rands Foundation
- How to evaluate The Rands Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to The Rands Foundation with AI
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$23.4M
+10.4% YoY
Annual Giving
$1.3M
+11.5% YoY
Grant Count
37
-2.6% YoY
Avg Grant Size
$34K
+14.5% YoY
Under IRS private-foundation payout rules, The Rands Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation supports organizations across multiple states, with particular activity in Massachusetts, the District of Columbia, and New York.
Grantmaking
The foundation provides general operating support to its grantees.
Ready to take the next step with The Rands Foundation?
Geographic Focus
Where this funder awards grants
The foundation's grantmaking extends across multiple states, with documented activity in:
- Massachusetts
- District of Columbia
- New York
Grant Distribution by State
Share of all 37 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024
- Total assets: $23,448,146
- Total revenues: $4,047,071
- Total expenses: $1,323,782
- Total giving: $1,265,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $23,448,146 | $21,248,405 | $18,897,964 |
| Revenue | $4,047,071 | $1,367,964 | $685,631 |
| Expenses | $1,323,782 | $1,148,402 | $772,182 |
| Qualifying Distributions | $1,269,007 | $1,139,792 | $735,779 |
| Net Investment Income | $2,818,253 | $913,492 | $780,001 |
| Distributable Amount | $1,116,094 | $980,139 | $1,004,578 |
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
190 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Esperanza Academy ($250,000), Higher Achievement Program ($100,000), Generic Ministry ($65,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Esperanza Academy Lawrence, MA | General Operating Support | $250,000 |
| Higher Achievement Program Washington, DC | General Operating Support | $100,000 |
| Generic Ministry Needham, MA | General Operating Support | $65,000 |
| Blessed Stephen Bellesini OSA Academy Inc Lawrence, MA | General Operating Support | $50,000 |
| Ceres Inc Boston, MA | General Operating Support | $50,000 |
| Doctors Without Borders New York, NY | General Operating Support | $50,000 |
| Martin W Richard Charitable Foundation Inc Dorchester, MA | General Operating Support | $50,000 |
| Massachusetts Audubon Society Lincoln, MA | General Operating Support | $50,000 |
| The Nature Conservancy Arlington, VA | General Operating Support | $50,000 |
| Trustees of Reservations Boston, MA | General Operating Support | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key Personnel (as of October 2024)
- Jason Matheny – President and Chief Executive Officer
- Mike Januzik – Vice President and Chief Financial Officer
- Jennifer Gould – Vice President, Communications and External Affairs
- Christine Lanoie-Newman – Vice President and Chief Development Officer
- Eric Peltz – Senior Vice President, Finance and Operations
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Amelia R Rands | Trustee | 0.1 | — |
| Robert D Rands | Trustee | 0.1 | — |
Contact Information
Address 157 Grove Street Westwood, MA 02090-1027
Phone 781-326-6265
EIN 87-0757900
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Rands Foundation fund?
The foundation's primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation supports organizations across multiple states, with particular activity in Massachusetts, the District of Columbia, and New York.
How do I apply for a grant from The Rands Foundation?
**Grant Activity (2024)** • Total giving: $1,265,000 • Typical award range: $5,000–$250,000 • Number of grants: 35+ grants made in 2024 **Recent Notable Grants (2024)** • Esperanza Academy: $250,000 (General Operating Support) • Higher Achievement Program: $100,000 (General Operating Support) • Generic Ministry: $65,000 (General Operating Support) • Westwood Community Chest: $10,000 (General Operating Support) The foundation provides general operating support to its grantees.
Where does The Rands Foundation make grants?
The foundation's grantmaking extends across multiple states, with documented activity in: • Massachusetts • District of Columbia • New York
What size grants does The Rands Foundation award?
In 2024, The Rands Foundation awarded 37 grants totaling $1.3M — an average of about $34K per grant, based on its IRS Form 990 filings.
How much is The Rands Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Rands Foundation reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Rands Foundation's EIN?
The Rands Foundation's EIN (Employer Identification Number) is 87-0757900. 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. Research dossier generated April 2026.