William E Schrafft and Bertha E Schrafft Charitable Trust
The William E Schrafft and Bertha E Schrafft Charitable Trust is a private family foundation established in 1946 in Massachusetts. Based in Boston, the Trust is a 501(c)(3) organization committed to supporting nonprofit organizations that serve underserved youth and populations in Massachusetts, with particular emphasis on the cities of Boston and New Bedford.
Key facts about William E Schrafft and Bertha E Schrafft Charitable Trust
- EIN
- 04-6065605
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,156,000
- Grants made (2024)
- 100
- Average grant
- $21,560
- Median grant
- $20,000
- New grantees (estimate)
- 42% first-time grantees (42 of 100, 2024)
- Total assets
- $47,553,512
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- How to apply
- Organizations that have not received funding from the Trust in the last three years must begin with a two-page Letter of Intent (LOI). Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who William E Schrafft and Bertha E Schrafft Charitable Trust funds
By grant dollars, the top recipient states for William E Schrafft and Bertha E Schrafft Charitable Trust's 100 itemized 2024 grants were Massachusetts (100%). The most frequent recipient cities were Boston, MA (42 grants), New Bedford, MA (11 grants), Dorchester, MA (8 grants) and Cambridge, MA (6 grants). 43% of grants with a stated purpose were for general or operating support.
Is William E Schrafft and Bertha E Schrafft Charitable Trust open to new grantees?
42%
first-time grantees, 2024
In 2024, 42 of 100 grantees (42%) were first-time recipients. First grants averaged $15K; repeat grants $26K. How we count
Medians: $15K first-time, $25K repeat.
- 42% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+8%). Method
- In 2024 it paid out 106% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with William E Schrafft and Bertha E Schrafft Charitable Trust
- How to evaluate William E Schrafft and Bertha E Schrafft Charitable Trust as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to William E Schrafft and Bertha E Schrafft Charitable Trust with AI
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$47.6M
+6.9% YoY
Annual Giving
$2.2M
+7.3% YoY
Grant Count
100
+0.0% YoY
Avg Grant Size
$22K
+7.3% YoY
Under IRS private-foundation payout rules, William E Schrafft and Bertha E Schrafft Charitable Trust reported a distributable amount of $2.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Trust is committed to the intellectual, personal, and artistic growth of underserved youth ages 6-21, primarily through supporting neighborhood-based education programming throughout Boston. The Trust also maintains a special interest in building effective pathways to economic independence for underserved populations in New Bedford through education, entrepreneurship, and economic development.
The Trust supports efforts that help young people develop the skills and knowledge needed to succeed in school and lay the foundation for satisfying and productive lives.
Funding Priorities:
- Youth development and academic enrichment programming
- Arts and culture programming for underserved populations
- Out-of-school programming (after-school, evenings, weekends, and summers)
- Programs demonstrating caring, consistent, long-term relationships between young people and organization staff or volunteers
- High-quality educational, developmental, artistic, and recreational opportunities
- Organizations in New Bedford that leverage regional strengths (people, culture, history, agriculture, fishing, and seacoast resources) to provide pathways to economic independence
Grantmaking
Grant Range
s:**
Review Cycle
**
Grant Types
How to Apply
**
Ready to take the next step with William E Schrafft and Bertha E Schrafft Charitable Trust?
Geographic Focus
Where this funder awards grants
- Primary: Boston, Massachusetts
- Secondary: New Bedford, Massachusetts
- Broader: Commonwealth of Massachusetts
Grant Distribution by State
Share of all 100 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $47,553,512
- Total Revenues: $16,468,761
- Total Expenses: $2,755,465
As of 2023:
- Total Assets: $44,500,000
- Total Revenues: $1,910,000
- Total Expenses: $2,520,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $47,553,512 | $44,500,085 | $41,877,533 |
| Revenue | $16,468,761 | $1,908,228 | $1,849,069 |
| Expenses | $2,755,465 | $2,516,734 | $2,409,204 |
| Qualifying Distributions | $2,200,289 | $2,066,000 | $2,035,600 |
| Net Investment Income | $16,228,854 | $1,572,338 | $1,571,832 |
| Distributable Amount | $2,078,805 | $2,097,869 | $2,184,045 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
506 grants across all recorded years
Open Grants
2 open opportunities from William E Schrafft and Bertha E Schrafft Charitable Trust
Schrafft Charitable Trust Grants- For New Grantees
William E Schrafft and Bertha E Schrafft Charitable Trust
Amount
Varies
Deadline
Rolling / Open
Schrafft Charitable Trust Grants- For Returning Grantees
William E Schrafft and Bertha E Schrafft Charitable Trust
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Breakthrough Greater Boston ($100,000), Philanthropy Massachusetts ($90,000), Edvestors ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Breakthrough Greater Boston Cambridge, MA | Operating 3 Year Gift | $100,000 |
| Philanthropy Massachusetts Boston, MA | The Summer Program | $90,000 |
| Edvestors Boston, MA | 2nd Payment 3-Year Gift | $75,000 |
| Celebrity Series of Boston Boston, MA | Arts for All Youth Programs | $40,000 |
| Cristo Rey Boston High School Boston, MA | Operating | $40,000 |
| New Bedford Light New Bedford, MA | Operating | $37,500 |
| Community Economic Development Center of Southern Mass New Bedford, MA | Operating | $35,000 |
| Mill City Grows Lowell, MA | Youth Food Justice Education | $35,000 |
| Science Club for Girls Cambridge, MA | STEM Education Mentoring | $35,000 |
| Artists for Humanity Boston, MA | Youth Arts Enterprise | $30,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Trustees:
- Kristen McCormack (Chairperson)
- Heidi Brooks
- Lily Mendez
- Joe Corrado
Staff:
- Karen Faulkner (Trustee/Director and Grants Manager/Executive Director)
William E Schrafft and Bertha E Schrafft Charitable Trust is led by Karen Faulkner, Executive Director on every filing since 2020; all 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Karen Faulkner
Executive Director
On filings since 2020
40 hrs/week
$45K (2020) → $49K (2024)
Joseph Corrado
Trustee
On filings since 2020
6 hrs/week
$15K (2020) → $15K (2024)
Kristen J McCormack
Trustee
On filings since 2020
20 hrs/week
$15K (2020) → $20K (2024)
Lavinia B Chase
Trustee
On filings since 2020
4 hrs/week
$15K (2020) → $11K (2024)
Lily E Mendez
Trustee
On filings since 2022
5 hrs/week
$18K (2023) → $15K (2024)
Former officers (1)
- Former: Arthur Parker (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
Contact Information
Address: 2 Liberty Square, Floor 5, Boston, MA 02109-4884
Phone: 617-469-2271
Website: schrafftcharitable.org
Email: funding@schrafftcharitable.org
Technical Assistance: lkelsey@gmafoundations.com
Frequently Asked Questions
What does William E Schrafft and Bertha E Schrafft Charitable Trust fund?
The Trust is committed to the intellectual, personal, and artistic growth of underserved youth ages 6-21, primarily through supporting neighborhood-based education programming throughout Boston. The Trust also maintains a special interest in building effective pathways to economic independence for underserved populations in New Bedford through education, entrepreneurship, and economic development. The Trust supports efforts that help young people develop the skills and knowledge needed to succe…
How do I apply for a grant from William E Schrafft and Bertha E Schrafft Charitable Trust?
Organizations that have not received funding from the Trust in the last three years must begin with a two-page Letter of Intent (LOI). Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does William E Schrafft and Bertha E Schrafft Charitable Trust make grants?
• **Primary:** Boston, Massachusetts • **Secondary:** New Bedford, Massachusetts • **Broader:** Commonwealth of Massachusetts
What size grants does William E Schrafft and Bertha E Schrafft Charitable Trust award?
In 2024, William E Schrafft and Bertha E Schrafft Charitable Trust awarded 100 grants totaling $2.2M — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is William E Schrafft and Bertha E Schrafft Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, William E Schrafft and Bertha E Schrafft Charitable Trust reported a distributable amount of $2.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is William E Schrafft and Bertha E Schrafft Charitable Trust's EIN?
William E Schrafft and Bertha E Schrafft Charitable Trust's EIN (Employer Identification Number) is 04-6065605. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.