Wellington Management Foundation
Wellington Management Foundation is a private grantmaking foundation based in Boston, Massachusetts, established in August 1992. The foundation operates as a 501(c)(3) charitable organization dedicated to supporting educational initiatives and programs that serve underprivileged youth in its communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$46.5M
-1.9% YoY
Annual Giving
$4.9M
-20.4% YoY
Grant Count
75
-10.7% YoY
Avg Grant Size
$66K
-10.8% YoY
Mission & Focus Areas
The foundation's mission is to support best-in-class programs and organizations in its communities that improve education and educational opportunities for under-resourced youth.
Primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
Wellington Management Company LLP (WMC) provides comprehensive support to the foundation at no charge, including office space, investment advisory services, and administrative support. In 2024, WMC provided in-kind support valued at $297,241 and paid foundation expenses totaling $179,009.
Grant Range
s range from $10,000 to $1,425,000
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking extends to domestic organizations across the United States, with particular emphasis on Massachusetts, Illinois, and New York, as well as international organizations.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $47.4 million
- Total Revenue: $7.54 million
- Total Expenses: $8.36 million
- Total Liabilities: $6.84 million
- Total Giving: $7.02 million
As of 2022:
- Total Assets: $46.9 million
- Total Revenue: $5.6 million
The foundation maintains a high program expense ratio of 98%, indicating that the substantial majority of resources are directed toward charitable grants and programs.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $46,540,318 | $47,425,522 | $46,877,204 |
| Revenue | $11,829,758 | $7,544,126 | $5,586,457 |
| Expenses | $7,364,686 | $8,364,281 | $13,103,637 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $8,920,240 | $3,119,133 | $1,510,295 |
| Distributable Amount | — | — | — |
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
250 grants across all recorded years
Open Grants
2 open opportunities from Wellington Management Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WELLINGTON TRUST COMPANY NA | TRUSTEE | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has made several notable catalyst grants to organizations focused on education and youth development:
Wellington Management Foundation Provides $250,000 Catalyst Grant to Steppingstone**Boston Scores**: $250,000 catalyst gift
Wellington Management Foundation Provides $250,000 Catalyst Grant to Steppingstone**Steppingstone Scholars**: $250,000 catalyst grant in partnership with GRASP and Penn Engineering
Wellington Management Foundation Provides $250,000 Catalyst Grant to Steppingstone**Minds Matter Boston**: Largest gift in the organization's history
**Massachusetts Parent-Child Home Program (MA PCHP)**: Catalyst gift to Malden program
**826 Boston**: Catalyst gift to support youth writing programs
Contact Information
Address: 280 Congress Street, Boston, MA 02210-1023
Website: www.wellington.com
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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