Town Fair Tire Foundation Inc

BOSTON, MA EIN: 06-1592259

Town Fair Tire Foundation Inc is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $46.1M in total assets. In 2024, it awarded 2 grants totaling $12.4M. Net investment income was $2.3M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$46.1M

-8.5% YoY

Annual Giving

$12.4M

+292.7% YoY

Grant Count

2

+100.0% YoY

Avg Grant Size

$6.2M

+96.4% YoY

Under IRS private-foundation payout rules, Town Fair Tire Foundation Inc reported a distributable amount of $2.9M for 2024 — the minimum it must pay out in qualifying distributions.

About Town Fair Tire Foundation Inc

Based on IRS filings

Town Fair Tire Foundation Inc is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $46.1M in total assets. In 2024, it awarded 2 grants totaling $12.4M. Net investment income was $2.3M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

BostonEast Haven

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$4M$8M$12M$15M20202021202220232024
Metric202420232022
Total Assets$46,082,278$50,362,459$49,760,404
Revenue$2,707,607$4,367,639$1,648,616
Expenses$13,425,134$3,765,584$3,953,347
Qualifying Distributions$13,088,871$3,608,053$3,570,100
Net Investment Income$2,307,810$2,358,257$1,497,579
Distributable Amount$2,899,797$2,818,947$2,964,983

Giving Over Time

Total grant dollars and number of grants per year

$0$3M$6M$9M$12M1 grants20201 grants20211 grants20221 grants20232 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

NON CASH - SEE ATTACHED$7.8MSEE STATEMENT ATTACHED$4.6M

Grant Size Distribution

6 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M5$1–5M1$5M+

Open Grants

1 open opportunity from Town Fair Tire Foundation Inc

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Non Cash - See Attached ($7,760,879), See Statement Attached ($4,638,115).

RecipientPurposeAmount
SEE STATEMENT ATTACHED BOSTON, MAUNRESTRICTED$4,638,115
NON CASH - SEE ATTACHED BOSTON, MAUNRESTRICTED$7,760,879

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

MICHAEL BARBARODIRECTOR$60KKATHRYN TUTINODIRECTOR$60KRALPH S LOEWDIRECTOR$60KMICHAEL MELLENVICE PRESIDENT AND SECRETA$60KDEBORAH MARENNADIRECTOR$60KDAVID LITVINOFFDIRECTOR$60K

From 2024 filing

NameTitleHoursCompensation
MICHAEL BARBARODIRECTOR2$60,000
KATHRYN TUTINODIRECTOR2$60,000
RALPH S LOEWDIRECTOR2$60,000
DANIEL D RUBINODIRECTOR5
MICHAEL EISENSONPRESIDENT & TREASURER2
MICHAEL MELLENVICE PRESIDENT AND SECRETA2$60,000
DEBORAH MARENNADIRECTOR5$60,000
DAVID LITVINOFFDIRECTOR2$60,000

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Town Fair Tire Foundation Inc?

Town Fair Tire Foundation Inc is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in BOSTON, MA. It holds $46.1M in total assets as of 2024.

How large is Town Fair Tire Foundation Inc?

As of 2024, Town Fair Tire Foundation Inc holds $46.1M in total assets with $2.7M in annual revenue. It awarded 2 grants totaling $12.4M in 2024.

Where does Town Fair Tire Foundation Inc operate?

Town Fair Tire Foundation Inc has awarded grants in Connecticut, Massachusetts.

What size grants does Town Fair Tire Foundation Inc award?

In 2024, Town Fair Tire Foundation Inc awarded 2 grants totaling $12.4M — an average of about $6.2M per grant, based on its IRS Form 990 filings.

How much is Town Fair Tire Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Town Fair Tire Foundation Inc reported a distributable amount of $2.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Town Fair Tire Foundation Inc's EIN?

Town Fair Tire Foundation Inc's EIN (Employer Identification Number) is 06-1592259. IRS Form 990 filing data is available on this page for 2020–2024.

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Related Funders

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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