Torrice Family Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANDOVER, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $686K in total assets. In 2024, it awarded 74 grants totaling $169K. Net investment income was $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$686K
+179.2% YoY
Annual Giving
$169K
-13.7% YoY
Grant Count
74
+25.4% YoY
Avg Grant Size
$2K
-31.2% YoY
Under IRS private-foundation payout rules, Torrice Family Charitable Trust reported a distributable amount of $17K for 2024 — the minimum it must pay out in qualifying distributions.
About Torrice Family Charitable Trust
Based on IRS filings
Torrice Family Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANDOVER, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $686K in total assets. In 2024, it awarded 74 grants totaling $169K. Net investment income was $17K.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $686,377 | $245,873 | $287,021 |
| Revenue | $619,012 | $156,065 | $109,544 |
| Expenses | $178,508 | $197,213 | $94,137 |
| Qualifying Distributions | $168,936 | $195,750 | $93,300 |
| Net Investment Income | $17,166 | $6,065 | $5,541 |
| Distributable Amount | $17,448 | $12,004 | $12,607 |
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
152 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fund for Armenian Relief ($15,000), Beverly Hospital Compass Moms Do Care ($5,000), Fred Hutch Cancer Center ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A PLACE TO TURN NATICK, MA | TO FIGHT HUNGER | $2,000 |
| ACORD FOOD PANTRY SOUTH HAMILTON, MA | TO FIGHT HUNGER | $2,000 |
| ACTON FOOD PANTRY BOXBOUROUGH, MA | TO FIGHT HUNGER | $2,000 |
| ALTERNATIVE HOUSE LOWELL, MA | TO FIGHT DOMESTIC VIOLENCE | $1,000 |
| ANDOVER HISTORICAL SOCIETY ANDOVER, MA | TO SUPPORT LOCAL HISTORY | $1,000 |
| ANDOVER UNITED METHODIST CHURCH ANDOVER, KS | SUPPORT CHURCH ACTIVITES | $2,000 |
| ARLINGTON (MA) EATS ARLINGTON, MA | TO FIGHT HUNGER | $2,000 |
| BELMONT FOOD BANK BELMONT, MA | TO FIGHT HUNGER | $2,000 |
| BELOVED ASHVILLE - HURRICANE HELENE RELIEF ASHEVILLE, NC | HURRICANE RELIEF | $2,000 |
| BETHEL MAINE DISTRICT EXCHANGE FOOD BANK BEHTEL, ME | TO FIGHT HUNGER | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEPHEN G TORRICE | TRUSTEE | — | — |
| SUSAN T FRANSON | TRUSTEE | — | — |
| ELIZABETH A DONAGHEY | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Torrice Family Charitable Trust?
Torrice Family Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ANDOVER, MA. It holds $686K in total assets as of 2024.
How large is Torrice Family Charitable Trust?
As of 2024, Torrice Family Charitable Trust holds $686K in total assets with $619K in annual revenue. It awarded 74 grants totaling $169K in 2024.
Where does Torrice Family Charitable Trust operate?
Torrice Family Charitable Trust has awarded grants in California, Florida, Hawaii, Illinois, Kansas, Massachusetts, Maine, North Carolina, New Hampshire, New York, Rhode Island, Tennessee, Vermont, Washington.
What size grants does Torrice Family Charitable Trust award?
In 2024, Torrice Family Charitable Trust awarded 74 grants totaling $169K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Torrice Family Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Torrice Family Charitable Trust reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Torrice Family Charitable Trust's EIN?
Torrice Family Charitable Trust's EIN (Employer Identification Number) is 81-4728438. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Torrice Family Charitable Trust'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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