Turning Leaf Foundation Inc is a private foundation focused on Education, based in NATICK, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.3M in total assets. In 2024, it awarded 6 grants totaling $537K. Net investment income was $3.5M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.3M
+27.7% YoY
Annual Giving
$537K
+355.1% YoY
Grant Count
6
+200.0% YoY
Avg Grant Size
$90K
+51.7% YoY
Under IRS private-foundation payout rules, Turning Leaf Foundation Inc reported a distributable amount of $627K for 2024 — the minimum it must pay out in qualifying distributions.
About Turning Leaf Foundation Inc
Based on IRS filings
Turning Leaf Foundation Inc is a private foundation focused on Education, based in NATICK, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.3M in total assets. In 2024, it awarded 6 grants totaling $537K. Net investment income was $3.5M.
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 | $15,256,190 | $11,946,245 | $11,821,273 |
| Revenue | $3,892,957 | $345,037 | $9,564,403 |
| Expenses | $583,012 | $220,065 | $54,819 |
| Qualifying Distributions | $537,071 | $118,000 | $46,606 |
| Net Investment Income | $3,508,646 | $2,289,909 | $6,896,937 |
| Distributable Amount | $627,287 | $539,979 | $263,172 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Massachusetts General Juvenile Batten Disease Reseach ($168,554), Nantucket Atheneum ($100,000), Pioneer Institute ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALAKRA - TANZANIA (ADDRESS INFORMATION AVAILABLE UPON REQUEST) CAMBRIDGE, MA | EDUCATION | $18,517 |
| NANTUCKET ATHENEUM NANTUCKET, MA | EDUCATION | $100,000 |
| PIONEER INSTITUTE BOSTON, MA | EDUCATION | $100,000 |
| ROOM TO READ SAN FRANCISCO, CA | EDUCATION | $50,000 |
| PIONEER PUBLIC INTEREST LAW CENTER BOSTON, MA | DONATED LEGAL ASSISTANCE | $100,000 |
| MASSACHUSETTS GENERAL JUVENILE BATTEN DISEASE RESEACH BOSTON, MA | MEDICAL RESEARCH | $168,554 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL J JACOBSON | PRESIDENT, SECRETARY & DIR | — | — |
| NANCY L JACOBSON | TREASURER & DIRECTOR | — | — |
| JOSEPH C JACOBSON | DIRECTOR | — | — |
| THOMAS M VAUBEL | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Turning Leaf Foundation Inc?
Turning Leaf Foundation Inc is a private foundation focused on Education, based in NATICK, MA. It holds $15.3M in total assets as of 2024.
How large is Turning Leaf Foundation Inc?
As of 2024, Turning Leaf Foundation Inc holds $15.3M in total assets with $3.9M in annual revenue. It awarded 6 grants totaling $537K in 2024.
Where does Turning Leaf Foundation Inc operate?
Turning Leaf Foundation Inc has awarded grants in California, Massachusetts.
What size grants does Turning Leaf Foundation Inc award?
In 2024, Turning Leaf Foundation Inc awarded 6 grants totaling $537K — an average of about $90K per grant, based on its IRS Form 990 filings.
How much is Turning Leaf Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Turning Leaf Foundation Inc reported a distributable amount of $627K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Turning Leaf Foundation Inc's EIN?
Turning Leaf Foundation Inc's EIN (Employer Identification Number) is 04-3397818. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Turning Leaf Foundation Inc'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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