The Red Elm Tree Foundation
The Red Elm Tree Foundation is a private foundation based in Lincoln, Massachusetts. Established in 1994, it operates as a nonoperating foundation with no activities other than managing investment income on its assets and distributing funds to preselected charitable organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18.2M
-0.9% YoY
Annual Giving
$406K
-51.4% YoY
Grant Count
10
-44.4% YoY
Avg Grant Size
$41K
-12.6% YoY
Mission & Focus Areas
The foundation has not publicly provided a formal mission statement. However, its grantmaking focuses on education, philanthropy, voluntarism, human services, and the arts. The foundation primarily supports organizations in Massachusetts and Rhode Island, with some funding extending to New York.
Grantmaking
The foundation typically selects grantees rather than accepting unsolicited proposals. It makes contributions only to preselected charitable organizations.
Grant Range
$1,000 to $900,000
Average Grant
$41,000–$54,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Massachusetts, Rhode Island, and New York, which account for 88% of all grants. Grantmaking reaches organizations across 10 states total.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Income (2024):
- Total assets: $18,243,776
- Annual giving: $405,677
- Annual income: $249,221
Historical Comparison:
- 2023: Total assets of $18,400,732; total giving of $835,700
- 2022: Total assets of $19,674,877; total giving of $903,000
Long-term Growth: Total assets have grown from $58,000 in 2010 to $18.2 million in 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $18,243,776 | $18,400,732 | $19,674,877 |
| Revenue | $249,221 | $-429,445 | $1,671,688 |
| Expenses | $406,177 | $844,700 | $940,762 |
| Qualifying Distributions | $406,177 | $835,700 | $903,000 |
| Net Investment Income | $869 | $4,190 | $103,561 |
| Distributable Amount | $497,662 | $648,245 | $943,344 |
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
115 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 |
|---|---|---|---|
| ROBERT E DAVOLI | TRUSTEE | 1 | — |
| EILEEN L MCDONAGH | TRUSTEE | 1 | — |
Contact Information
Address: 6 Winchelsea Lane, Lincoln, MA 01773
Phone: (617) 456-1620
EIN: 04-3210639
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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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