The William F Connell Charitable Trust
The William F Connell Charitable Trust is a private family foundation established in 1986 in Massachusetts. Based in Boston, MA, the trust operates as a 501(c)(3) organization and has been tax-exempt since March 1987.
Key facts about The William F Connell Charitable Trust
- EIN
- 22-2778156
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,215,491
- Grants made (2024)
- 23
- Average grant
- $52,847
- Median grant
- $13,440
- New grantees (estimate)
- 43% first-time grantees (10 of 23, 2024)
- Total assets
- $30,065,445
- Primary geography
- Massachusetts (89% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The William F Connell Charitable Trust funds
By grant dollars, the top recipient states for The William F Connell Charitable Trust's 23 itemized 2024 grants were Massachusetts (89%) and Nevada (8%). The most frequent recipient cities were Boston, MA (8 grants) and Chestnut Hill, MA (4 grants). None of its 23 grants with a stated purpose were described as general or operating support.
Is The William F Connell Charitable Trust open to new grantees?
43%
first-time grantees, 2024
In 2024, 10 of 23 grantees (43%) were first-time recipients. First grants averaged $108K; repeat grants $10K. How we count
Medians: $99K first-time, $5K repeat.
- 57% of 2024 grantees were also funded in 2023. Method
- Giving grew 1010% from 2021 to 2024. Method
- In 2024 it paid out 70% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The William F Connell Charitable Trust
- How to evaluate The William F Connell Charitable Trust as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to The William F Connell Charitable Trust with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$30.1M
+1.3% YoY
Annual Giving
$1.2M
+1179.5% YoY
Grant Count
23
+76.9% YoY
Avg Grant Size
$53K
+623.2% YoY
Under IRS private-foundation payout rules, The William F Connell Charitable Trust reported a distributable amount of $1.7M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The trust's grantmaking focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation prioritizes funding in these areas with particular emphasis on education-related initiatives and STEM education support.
Grantmaking
Ready to take the next step with The William F Connell Charitable Trust?
Geographic Focus
Where this funder awards grants
The trust primarily funds organizations in:
- Massachusetts
- New Hampshire
- Virginia
Grant Distribution by State
Share of all 23 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Fiscal Year (2024):
- Total Assets: $30,065,410
- Revenue: $1,369,508
- Expenses: $1,398,736
- Net Income: -$29,228
- Total Liabilities: $35
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $30,065,445 | $29,694,186 | $2,207,271 |
| Revenue | $1,369,508 | $31,470,222 | $6,265 |
| Expenses | $1,398,736 | $95,222 | $103,367 |
| Qualifying Distributions | $1,215,491 | $95,000 | $100,000 |
| Net Investment Income | $1,355,314 | $9,808,304 | $42,131 |
| Distributable Amount | $1,729,939 | $789,400 | $144,651 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
84 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Mass General Hospital 1894 SH Pernod Ricard ($267,445), Boston College Student Athlete Community ($250,000), St Mary's High School- 356 SH Martin Marietta ($204,593).
| Recipient | Purpose | Amount |
|---|---|---|
| MASS GENERAL HOSPITAL 1894 SH PERNOD RICARD Boston, MA | SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $267,445 |
| BOSTON COLLEGE STUDENT ATHLETE COMMUNITY Chestnut Hill, MA | SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $250,000 |
| ST MARY'S HIGH SCHOOL- 356 SH MARTIN MARIETTA Lynn, MA | SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $204,593 |
| MGH CONNELL FUND FOR PATIENT CARE RESEARCH SCHLR- 3013 SH COMCAST CORP Boston, MA | SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $115,699 |
| BPS FOUNDATION Las Vegas, NV | SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $100,000 |
| BOSTON COLLEGE HIGH SCHOOL- CO FATHER MONAN- 195 SH MARTIN MARIETTA Boston, MA | SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $97,984 |
| DEXTER SOUTHFIELD ANNUAL FUND Brookline, MA | SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $50,000 |
| MASS GENERAL HOSPITALMGH FUND Boston, MA | SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $27,500 |
| BOSTON COLLEGE FLYNN FUND Chestnut Hill, MA | SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $20,000 |
| CAMPAIGN FOR CATHOLIC SCHOOLS Braintree, MA | SUPPORT FOR THE CHARITABLE OBJECTIVES OF THE RESPECTIVE CHARITABLE 501(C)3 ORGANIZATION | $15,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key trustees include:
- Monica C Healey
- Lisa T McNamea
- Courtenay E Connell
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Monica C Healey | Trustee | — | — |
| Lisa T McNamara | Trustee | — | — |
| Courtenay E Connell | Trustee | — | — |
| William C Connell | Trustee | — | — |
| Terence a Connell | Trustee | — | — |
| Timothy P Connell | Trustee | — | — |
Contact Information
Address: Lynch Fink, 6 Beacon St 415, Boston, MA 02108
Phone: 617-951-0800
EIN: 22-2778156
Frequently Asked Questions
What does The William F Connell Charitable Trust fund?
The trust's grantmaking focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation prioritizes funding in these areas with particular emphasis on education-related initiatives and STEM education support.
How do I apply for a grant from The William F Connell Charitable Trust?
**Grant Activity:** • Total giving: $1,215,491 (most recent fiscal year) • Typical award range: $500–$267,445 • The foundation made 16 grants in a recent reporting period **Financial Capacity:** • Total assets: $30,065,445 • Annual revenue: $1,369,508 (fiscal year 2024)
Where does The William F Connell Charitable Trust make grants?
The trust primarily funds organizations in: • Massachusetts • New Hampshire • Virginia
What size grants does The William F Connell Charitable Trust award?
In 2024, The William F Connell Charitable Trust awarded 23 grants totaling $1.2M — an average of about $53K per grant, based on its IRS Form 990 filings.
How much is The William F Connell Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The William F Connell Charitable Trust reported a distributable amount of $1.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The William F Connell Charitable Trust's EIN?
The William F Connell Charitable Trust's EIN (Employer Identification Number) is 22-2778156. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The William F Connell Charitable Trust's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Fidelity Foundation
Boston, MA
Assets
$5.0B
Grants
4,430
Total Given
$156.2M
Boston Foundation Inc
Boston, MA
Assets
$1.9B
Grants
2,046
Total Given
$169.9M
Shell USA Company Foundation
Houston, TX
Assets
$52.3M
Grants
4,650
Total Given
$16.0M
Analog Devices Foundation
Boston, MA
Assets
—
Grants
1,177
Total Given
$1.9M
Barr Foundation
Boston, MA
Assets
$1.9B
Grants
903
Total Given
$123.2M
Liberty Mutual Foundation Inc
Boston, MA
Assets
$46.1M
Grants
706
Total Given
$50.6M
Cummings Foundation Grants Inc (Fka Oneworld Boston Inc)
Woburn, MA
Assets
$258.2M
Grants
658
Total Given
$38.2M
American Tower Corporation Foundation
Boston, MA
Assets
$15.4M
Grants
632
Total Given
$1.7M
The Stephen Phillips Memorial
Boston, MA
Assets
$41.6M
Grants
520
Total Given
$5.1M
Berkshire Bank Foundation Inc
Pittsfield, MA
Assets
$17.1M
Grants
478
Total Given
$2.0M
Highland Street Connection
Newton, MA
Assets
$60.4M
Grants
410
Total Given
$4.4M
The Pfizer Foundation Inc
New York, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
More Funders in Massachusetts
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.