The Truth Fund I Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WOBURN, MA. IRS filing data is available from 2020 through 2022.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Revenue
—
Net Investment Income
—
Expenses
$3K
-85.9% YoY
Under IRS private-foundation payout rules, The Truth Fund I Inc reported a distributable amount of $6 for 2022 — the minimum it must pay out in qualifying distributions.
About The Truth Fund I Inc
Based on IRS filings
The Truth Fund I Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WOBURN, MA. IRS filing data is available from 2020 through 2022.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | — | $2,892 | $26,123 |
| Revenue | — | — | $65,000 |
| Expenses | $2,892 | $20,531 | $53,560 |
| Qualifying Distributions | — | $10,000 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $6 | $731 | $979 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2022
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2022.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL PIERCE | PRESIDENT/DIRECTOR | — | — |
| LORRAINE HOSEY | VICE PRESIDENT/DIRECTOR | — | — |
| STEVEN B KRAVITZ | SECRETARY/TREAS./DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Truth Fund I Inc?
The Truth Fund I Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in WOBURN, MA. It holds — in total assets as of 2022.
Where does The Truth Fund I Inc operate?
The Truth Fund I Inc has awarded grants in Massachusetts.
How much is The Truth Fund I Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, The Truth Fund I Inc reported a distributable amount of $6 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Truth Fund I Inc's EIN?
The Truth Fund I Inc's EIN (Employer Identification Number) is 01-0700751. IRS Form 990 filing data is available on this page for 2020–2022.
Explore Open Grants
Browse active grant opportunities in The Truth Fund I Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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