The Ruth D Turner Foundation Matthew J Leonard Trustee

Private foundation · Grantmaker Boston, MA EIN: 45-3852839

The Ruth D Turner Foundation Matthew J Leonard Trustee is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $681K in total assets. In 2024, it awarded 3 grants totaling $67K. Net investment income was $92K.

Key facts about The Ruth D Turner Foundation Matthew J Leonard Trustee

In short: The Ruth D Turner Foundation Matthew J Leonard Trustee gave $67K across 3 grants in 2024 (avg $22K), mostly in Maine. Source: 2024 IRS Form 990-PF.

EIN
45-3852839
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$66,500
Grants made (2024)
3
Average grant
$22,167
Median grant
$20,000
Total assets
$680,576
Primary geography
Maine (60% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$681K

+2.1% YoY

Annual Giving

$67K

+22.8% YoY

Grant Count

3

-25.0% YoY

Avg Grant Size

$22K

+63.7% YoY

Under IRS private-foundation payout rules, The Ruth D Turner Foundation Matthew J Leonard Trustee reported a distributable amount of $66K for 2024 — the minimum it must pay out in qualifying distributions.

How The Ruth D Turner Foundation Matthew J Leonard Trustee gives

  • Giving grew 29% from 2021 to 2024. Method
  • In 2024 it paid out 119% of its IRS minimum distribution (the 5% rule). 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

7states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

Woods HoleBostonHadleyKingstonNew YorkProvidenceStorrs MansfieldAtlantaHattiesburgPortlandWells

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K6 grants2020 8 grants2021 4 grants2023 3 grants2024

From 2020 to 2024, annual grant giving ranged from $40K (2020) to $67K (2024). In 2024 it made 3 grants totaling $67K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Gulf of Maine Research Institute: $40KGulf of Maine ResearchInstitute$40KWoods Hole Oceanographic Institution: $20KWoods Hole OceanographicInstitution$20KGeorgia Institute of Technology: $7KGeorgia Institute ofTechnology$7K

The largest 2024 recipient was Gulf of Maine Research Institute ($40K). Together the top 3 received $67K.

Grant Size Distribution

21 grants across all recorded years

21<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 21 grants of 21 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Gulf of Maine Research Institute Portland, MEMapping Blue Mussel Beds in Casco Bay$40,000
Woods Hole Oceanographic Institution Woods Hole, MAMesophotic coral microbes and their potential to enhance shallow coral health$20,000
Georgia Institute of Technology Atlanta, GASupport of research entitled "temperature-dependent growth, size at maturity and reproduction in the blue crab, callinectes sapidus"$6,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2020 2021 2023 2024
Metric202420232021
Total Assets$680,576$666,262$694,118
Revenue$106,052$90,102$121,184
Expenses$92,906$74,382$71,839
Qualifying Distributions$79,008$60,980$63,745
Net Investment Income$92,162$76,700$113,039
Distributable Amount$66,200$58,812$62,283

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
  3. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
  4. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 13, 2025)
  5. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Ruth D Turner Foundation Matthew J Leonard Trustee's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Matthew J. Leonard

    Trustee

    On filings since 2020

    0.3 hrs/week

    $5K (2020) → $7K (2024)

  • Stacie Kosinski

    Trustee

    On filings since 2023

    0.3 hrs/week

    $7K (2024)

Former officers (1)
  • Former: Maura E. Murphy (2020–2021) — Trustee

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Stacie Kosinski — Trustee: $7KStacie KosinskiTrustee$7KMatthew J Leonard — Trustee: $7KMatthew J LeonardTrustee$7K

The highest reported compensation on the 2024 filing was $7K, to Stacie Kosinski (Trustee). 2 officers or directors reported compensation on that filing.

Frequently asked questions about The Ruth D Turner Foundation Matthew J Leonard Trustee

How much does The Ruth D Turner Foundation Matthew J Leonard Trustee give each year?

The Ruth D Turner Foundation Matthew J Leonard Trustee gave $67K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $54K across 4 grants.

What is The Ruth D Turner Foundation Matthew J Leonard Trustee's typical grant size?

The Ruth D Turner Foundation Matthew J Leonard Trustee's median grant in 2024 was $20,000, and its average grant was $22,167, across 3 grants on its 2024 IRS Form 990-PF.

Where does The Ruth D Turner Foundation Matthew J Leonard Trustee give grants?

The Ruth D Turner Foundation Matthew J Leonard Trustee gives mostly in Maine: 60% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (30%) and Georgia (10%).

Does The Ruth D Turner Foundation Matthew J Leonard Trustee give general operating support?

Not in 2024: none of the 3 grants with a stated purpose on The Ruth D Turner Foundation Matthew J Leonard Trustee's 2024 IRS Form 990-PF were described as general or operating support.

How large is The Ruth D Turner Foundation Matthew J Leonard Trustee?

The Ruth D Turner Foundation Matthew J Leonard Trustee reported $681K in total assets on its 2024 IRS Form 990-PF. It paid out $79K in qualifying distributions that year, against a required minimum of $66K (roughly 5% of its investment assets).

What is The Ruth D Turner Foundation Matthew J Leonard Trustee's EIN?

The Ruth D Turner Foundation Matthew J Leonard Trustee's EIN (Employer Identification Number) is 45-3852839. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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