The Ruane Family Foundation
The Ruane Family Foundation is a private family foundation established in 2013 and based in North Palm Beach, Florida. The foundation operates as a 501(c)(3) organization with the primary purpose of philanthropic grantmaking. It is supported by Michael A. Ruane, founding owner, chair, and managing partner of Boston-based TA Realty, one of the nation's largest real estate investment advisory firms, and his wife Elizabeth J. Ruane.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$4.3M
+147.8% YoY
Grant Count
13
+85.7% YoY
Avg Grant Size
$327K
+33.4% YoY
Mission & Focus Areas
The foundation does not specify formal subject areas of focus. However, based on its grant history, the foundation supports healthcare institutions, educational organizations, and community charities. Recent grants have been directed toward organizations focused on delivering healthcare, finding cures for blindness and deafness, and supporting educational institutions.
Grantmaking
The foundation does not accept unsolicited funding requests. All grants are made at the discretion of the trustees to preselected charitable organizations only. The foundation does not operate formal grant programs with applications.
Grant Range
$25,000 - $1,560,000
Average Grant
$668
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily supports projects across multiple U.S. states, with primary focus in Massachusetts, Florida, and Rhode Island. Additional states where the foundation has funded projects include Georgia, Maryland, and others. Specific cities with funded projects include Bethesda, Belmont, Boston, Braselton, Jupiter, Lynn, North Palm Beach, Providence, South Hamilton, and Wenham.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $52.5 million
- Total revenues: $1.86 million
- Total expenses: $4.61 million
- Total liabilities: $0
Assets & Revenue (2023):
- Total assets: $51.5 million
- Total revenues: $2.36 million
- Total expenses: $2.07 million
Investment Portfolio: The foundation's investment portfolio generates revenue primarily through dividends (83.7% of revenue), with 92.2% of expenses directed to charitable disbursements. The foundation has demonstrated consistent growth in both assets and giving since its inception, with assets growing from $4.97 million in 2012 to over $52 million in 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
49 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Massachusetts General Hospital ($1,500,159), Jupiter Medical Center ($1,000,203), Providence College ($1,000,192).
| Recipient | Purpose | Amount |
|---|---|---|
| BOSTON SYMPHONY ORCHESTRA BOSTON, MA | TO SUPPORT THE ORGANIZATION'S GOAL OF MAKING MUSIC CONSONANT WITH THE HIGHEST ASPIRATIONS OF THE MUSICAL ART, CREATING PERFORMANCE OPPORTUNITIES, AND PROVIDING EDUCATIONAL AND TRAINING PROGRAMS AT THE HIGHEST LEVEL OF EXCELLENCE. | $10,000 |
| LOST TREE VILLAGE CHARITABLE FOUNDATION NORTH PALM BACH, FL | CONTRIBUTIONS TO AGENCIES OFFERING ASSISTANCE TO THE NEEDY OF THE LOCAL COMMUNITY | $10,000 |
| MASSACHUSETTS GENERAL HOSPITAL BOSTON, MA | TO SUPPORT LIFESAVING PATIENT CARE, LEADING-EDGE MEDICAL RESEARCH AND CAREGIVER EDUCATION PROGRAMS OF THE HOSPITAL. | $1,500,159 |
| MCLEAN HOSPITAL BELMONT, MA | A COUNCIL DEDICATED TO IMPROVING MENTAL HEALTH CARE FOR WOMEN AND GIRLS IN COMMUNITIES IN MASSACHUSETTS AND COASTAL MAINE. | $1,500 |
| ST MARY'S HIGH SCHOOL FOUNDATION INC LYNN, MA | TO SUPPORT A VARIETY OF EDUCATIONAL PROGRAMS FROM ARTS AND ATHLETICS TO SCHOLARSHIPS AND AID AT A CATHOLIC COLLEGE-PREPARATORY SCHOOL EDUCATING STUDENTS GRADES 6 TO 12 FROM MORE THAN 30 COMMUNITIES ON BOSTON'S NORTH SHORE. | $100,000 |
| THE COMMUNITY HOUSE SOUTH HAMILTON, MA | TO INSPIRE, UPLIFT AND CARE FOR ALL PEOPLE IN THE HAMILTON-WENHAM COMMUNITIES. | $4,000 |
| A WISH COME TRUE COVENTRY, RI | TO GRANT MAGICAL WISHES AND PROVIDE RESOURCES TO FAMILIES THAT HAEA CHILD STRUGGLING WITH A LIFE-THREATENING ILLNESS LIVING IN RHODE ISLAND, CENTRAL AND SOUTHEASTERN MASSACHUSETTS, AND EASTERN CONNECTICUT. | $25,000 |
| NAVY SEAL MUSEUM FORT PIERCE, FL | TO PRESERVE THE HISTORY AND HERITAGE OF U.S. NAVY SEALS AND THEIR PREDECESSORS, HONOR OUR FALLEN AT THE NAVY SEAL MEMORIAL, AND CARE FOR SPECIAL OPERATIONS FAMILIES. | $2,500 |
| OPERATION TROOP SUPPORT DANVERS, MA | TO HELP OUR DEPLOYED TROOPS AS WELL AS THEIR FAMILIES BACK HOME. | $100 |
| GOLDMAN SACHS PHILANTHROPY FUND ALBANY, NY | A DONOR-ADVISED FUND THAT ALLOWS DONORS TO MAKE CHARITABLE CONTRIBUTIONS AND RECOMMEND GRANTS TO QUALIFIED ORGANIZATIONS. | $100,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by uncompensated trustees:
- Michael A. Ruane (Trustee)
- Elizabeth J. Ruane
- Michael A. Bass
- John Curtis
None of the trustees receive compensation for their roles.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL A RUANE | TRUSTEE | 1 | — |
| ELIZABETH J RUANE | TRUSTEE | — | — |
| MICHAEL A BASS | TRUSTEE | — | — |
| JOHN CURTIS | TRUSTEE | — | — |
Contact Information
Address: 11941 Turtle Beach Road, North Palm Beach, FL 33408
Phone: 561-293-2914
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Ruane Family Foundation fund?
The foundation does not specify formal subject areas of focus. However, based on its grant history, the foundation supports healthcare institutions, educational organizations, and community charities. Recent grants have been directed toward organizations focused on delivering healthcare, finding cures for blindness and deafness, and supporting educational institutions.
How do I apply for a grant from The Ruane Family Foundation?
**Grant Activity & Amounts:** • Annual giving: $4.25 million (2024) • Grant range: $25,000 - $1,560,000 • Average grant size: $668 • Total grants awarded in previous year: 2,514 **Recent Major Grants (2024):** • Jupiter Medical Center: $1,000,203 (to deliver excellent and compassionate health care) • Providence College: $1,000,192 (operating funds, scholarships, sports programs) • Massachusetts Society of Eye Physicians and Surgeons: $500,038 (to find cures for blindness, deafness and diseases …
Where does The Ruane Family Foundation make grants?
The foundation primarily supports projects across multiple U.S. states, with primary focus in Massachusetts, Florida, and Rhode Island. Additional states where the foundation has funded projects include Georgia, Maryland, and others. Specific cities with funded projects include Bethesda, Belmont, Boston, Braselton, Jupiter, Lynn, North Palm Beach, Providence, South Hamilton, and Wenham.
What size grants does The Ruane Family Foundation award?
In 2024, The Ruane Family Foundation awarded 13 grants totaling $4.3M — an average of about $327K per grant, based on its IRS Form 990 filings.
What is The Ruane Family Foundation's EIN?
The Ruane Family Foundation's EIN (Employer Identification Number) is 46-1612574. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Ruane Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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