A Private Foundation located in LYNN, MA



Latest data derived from the private foundation e-Filings updated by the IRS

IRS Form 990 PF

L

2023 Tax Year

About this Private Foundation: 394930


This private foundation is located in Lynn and provides grants for various charitable purposes, focusing on housing and shelter. It operates a nursing home for citizens over the age of 65 in the Greater Lynn area, accommodating 27 residents as of August 31, 2023. The foundation supports its mission by ensuring access to safe and supportive living environments for elderly individuals, enhancing their quality of life and promoting dignity in their later years.

Foundation Profile


In the tax year 2024, a prominent private foundation dedicated to enhancing the quality of life for elderly citizens in the Greater Lynn area has made significant strides in charitable giving. With total assets amounting to $34.6 million USD, the foundation has committed to its mission of providing essential housing and shelter for seniors, particularly those over the age of 65. This commitment is exemplified by the operation of a nursing home that currently accommodates 27 residents, ensuring they receive the care and support they need in a nurturing environment. In this fiscal year, the foundation has distributed $2.1 million USD in grants, reflecting its robust funding priorities aimed at improving the living conditions and overall well-being of elderly individuals. The foundation's focus on housing and shelter is crucial, as it addresses the pressing needs of a vulnerable demographic that often faces challenges related to health, safety, and social isolation. Eligibility for grants is primarily aimed at organizations and initiatives that align with the foundation's mission. This includes non-profits and community organizations that provide services, resources, or programs specifically designed for the elderly population. The foundation encourages applications from entities that demonstrate a clear understanding of the unique needs of seniors and propose innovative solutions to enhance their quality of life. In addition to its grant-making activities, the foundation maintains a commitment to responsible financial management, with total expenditures recorded at $402.7K USD for the year. This ensures that a significant portion of its assets is directed toward impactful charitable initiatives that directly benefit the community. For organizations seeking funding, the foundation represents a valuable opportunity to secure resources that can facilitate meaningful change in the lives of elderly residents. By prioritizing housing and shelter, the foundation plays a critical role in fostering a supportive environment for seniors, ultimately contributing to the health and vitality of the Greater Lynn area.
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LYNN, MA

Summary

Assets

$34.6m

Distributions

$2.1m

Contributions

$402.7k

Grant Median

$

Count

0

Grant Max

$0
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Latest Tax e-Filing

2023

Published by IRS

2024

People

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# Name Title Hours / Wk Comp ($)

Charitable Activities

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State

MA

City

LYNN

Purpose

Interest

Housing & Shelter

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The project republishes the IRS dataset, verbatim, focusing exclusively on Form 990 PF, the form most commonly filed by private foundations.

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Nonprofit Grant Provider in LYNN, MA with $34.6m in Assets