Trustey Family Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $8.0M in total assets. In 2024, it awarded 5 grants totaling $3.1M. Net investment income was $379K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.0M
-25.3% YoY
Annual Giving
$3.1M
-30.0% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$614K
-44.0% YoY
Under IRS private-foundation payout rules, Trustey Family Foundation Trust reported a distributable amount of $485K for 2024 — the minimum it must pay out in qualifying distributions.
About Trustey Family Foundation Trust
Based on IRS filings
Trustey Family Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $8.0M in total assets. In 2024, it awarded 5 grants totaling $3.1M. Net investment income was $379K.
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 | 2021 |
|---|---|---|---|
| Total Assets | $8,029,610 | $10,747,705 | $6,678,729 |
| Revenue | $367,503 | $8,173,420 | $686,612 |
| Expenses | $3,084,301 | $4,401,951 | $2,016,146 |
| Qualifying Distributions | $3,069,111 | $4,381,889 | $2,000,000 |
| Net Investment Income | $378,933 | $180,103 | $596,808 |
| Distributable Amount | $485,123 | $373,815 | $384,042 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mclean Hospital ($2,000,000), The Irish American Partnership ($527,836), Ymca of the North Shore Inc ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MCLEAN HOSPITAL BELMONT, MA | THE WAY FORWARD: THE CAMPAIGN FOR MCLEAN | $2,000,000 |
| PEACE IN SCHOOLS PORTLAND, OR | GENERAL | $25,000 |
| THE AMERICAN IRELAND FUND NEW YORK, NY | GENERAL | $15,775 |
| THE IRISH AMERICAN PARTNERSHIP BOSTON, MA | GENERAL | $527,836 |
| YMCA OF THE NORTH SHORE INC BEVERLY, MA | GENERAL | $500,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KRISTINE M TRUSTEY | TRUSTEE | 5 | — |
| SEAN D MCGRAW | TRUSTEE | 5 | — |
| ROBERT G BANNISH | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Trustey Family Foundation Trust?
Trustey Family Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. It holds $8.0M in total assets as of 2024.
How large is Trustey Family Foundation Trust?
As of 2024, Trustey Family Foundation Trust holds $8.0M in total assets with $368K in annual revenue. It awarded 5 grants totaling $3.1M in 2024.
Where does Trustey Family Foundation Trust operate?
Trustey Family Foundation Trust has awarded grants in Massachusetts, New York, Oregon.
What size grants does Trustey Family Foundation Trust award?
In 2024, Trustey Family Foundation Trust awarded 5 grants totaling $3.1M — an average of about $614K per grant, based on its IRS Form 990 filings.
How much is Trustey Family Foundation Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Trustey Family Foundation Trust reported a distributable amount of $485K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Trustey Family Foundation Trust's EIN?
Trustey Family Foundation Trust's EIN (Employer Identification Number) is 85-2092356. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Trustey Family Foundation 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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