ZET Foundation

Private foundation · Grantmaker Cos Cob, CT EIN: 20-5819853

ZET Foundation is a private foundation, based in Cos Cob, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $204K in total assets. In 2024, it awarded 8 grants totaling $11K. Net investment income was $9K.

Key facts about ZET Foundation

In short: ZET Foundation gave $11K across 8 grants in 2024 (avg $1K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.

EIN
20-5819853
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$11,000
Grants made (2024)
8
Average grant
$1,375
Median grant
$500
Total assets
$204,289
Primary geography
Minnesota (55% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$204K

-2.2% YoY

Annual Giving

$11K

+3.8% YoY

Grant Count

8

+60.0% YoY

Avg Grant Size

$1K

-35.1% YoY

Under IRS private-foundation payout rules, ZET Foundation reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.

How ZET Foundation gives

  • Giving grew 1367% from 2021 to 2024. Method
  • In 2024 it paid out 115% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

9states

Share of 2024 grant dollars across all 8 itemized grants.

Cities

WatervilleCos CobGreenwichWilliamstownBloomingtonHamiltonNashvilleStaten IslandHinsdaleNew HavenNew YorkOaklandPhiladelphiaPonte Vedra

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K8 grants2020 3 grants2021 11 grants2022 5 grants2023 8 grants2024

From 2020 to 2024, annual grant giving ranged from $750 (2021) to $11K (2022). In 2024 it made 8 grants totaling $11K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Whole Womans Health: $6KWhole Womans Health$6KNeighbor to Neighbor: $2KNeighbor to Neighbor$2KGreenwich Alliance for Education: $1KGreenwich Alliance forEducation$1KColby College: $500Colby College$500Williams College: $500Williams College$500Tunnel to Towers: $500Tunnel to Towers$500Gary Sinise Foundation: $500Gary Sinise Foundation$500Kids in Crisis: $500Kids in Crisis$500

The largest 2024 recipient was Whole Womans Health ($6K). Together the top 8 received $11K.

Grant Size Distribution

35 grants across all recorded years

35<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 35 grants of 35 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Whole Womans Health Bloomington, MNCharitable$6,000
Neighbor to Neighbor Greenwich, CTCharitable$1,500
Greenwich Alliance for Education Greenwich, CTCharitable$1,000
Colby College Waterville, MEEducational$500
Williams College Williamstown, MAEducational$500
Tunnel to Towers Staten Island, NYCharitable$500
Gary Sinise Foundation Nashville, TNCharitable$500
Kids in Crisis Cos Cob, CTCharitable$500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10K$20K$30K$40K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$204,289$208,948$188,943
Revenue$8,947$30,685$4,791
Expenses$12,917$12,466$18,909
Qualifying Distributions$11,000$10,600$11,075
Net Investment Income$8,726$8,157$4,747
Distributable Amount$9,604$9,592$9,346

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

ZET Foundation is led by H. Shepard Boone, President & Treasurer on every filing since 2020; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • H. Shepard Boone

    President & Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jennifer Zachar Boone

    V President & Secretary

    Vice President & Secretary → V President & Secretary, 2022

    On filings since 2020

    1 hr/week

    No compensation reported

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.

Frequently asked questions about ZET Foundation

How much does ZET Foundation give each year?

ZET Foundation gave $11K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $11K across 5 grants.

What is ZET Foundation's typical grant size?

ZET Foundation's median grant in 2024 was $500, and its average grant was $1,375, across 8 grants on its 2024 IRS Form 990-PF.

Where does ZET Foundation give grants?

ZET Foundation gives mostly in Minnesota: 55% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Connecticut (27%). The most frequent recipient cities were Greenwich, CT (2 grants).

Does ZET Foundation give general operating support?

Not in 2024: none of the 8 grants with a stated purpose on ZET Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (6 grants).

Who are ZET Foundation's largest grantees?

ZET Foundation's largest 2024 grantees include Whole Womans Health ($6,000), Neighbor to Neighbor ($1,500) and Greenwich Alliance for Education ($1,000), according to its 2024 IRS Form 990-PF. Together they received 77% of its itemized 2024 grant dollars.

How large is ZET Foundation?

ZET Foundation reported $204K in total assets on its 2024 IRS Form 990-PF. It paid out $11K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).

What is ZET Foundation's EIN?

ZET Foundation's EIN (Employer Identification Number) is 20-5819853. IRS Form 990 filing data is available on this page for 2020–2024.

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

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