The Truth Fund I Inc
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.
Key facts about The Truth Fund I Inc
- EIN
- 01-0700751
- Latest 990 filing
- Form 990-PF, 2022
Data from IRS Form 990-PF, 2022; updated September 2026.
How The Truth Fund I Inc gives
- In 2021 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Truth Fund I Inc
- How to evaluate The Truth Fund I Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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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
Ready to take the next step with The Truth Fund I Inc?
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
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
No officer or director reported compensation in the available filings.
From 2022 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.