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
No grants recorded for .
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
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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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