The Truth Fund I Inc
The Truth Fund I Inc is a private foundation, based in Woburn, MA. IRS filing data is available from 2020 through 2022.
The Truth Fund I Inc at a glance
- Expenses (2022)
- $2,892
- -85.9% vs 2021
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who The Truth Fund I Inc funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $10K (2021) to $50K (2020). In 2021 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pap Youth Sports Woburn, MA | General Fund | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2022 | — | — | $2,892 | — | — | — | $6 |
| 2021 | $2,892 | — | $20,531 | $10,000 | 1 | $10,000 | $731 |
| 2020 | $26,123 | $65,000 | $53,560 | $50,000 | 1 | — | $979 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Truth Fund I Inc is led by Paul Pierce, President & Director on every filing since 2020; none of the 3 officers listed in 2022 report compensation.
Officers on the 2022 filing
Paul Pierce
President & Director
On filings since 2020
No compensation reported
Lorraine Hosey
Vice President & Director
On filings since 2020
No compensation reported
Steven B. Kravitz
Secretary, Treasurer & Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Truth Fund I Inc
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
Live grants for the work The Truth Fund I Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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