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Also known as: C/O ROPES & GRAY LLP PRUDENTIAL TOWER
72 Fund is a private trust based in BOSTON, MA. The foundation received its IRS ruling in 2021. The principal officer is % Ropes & Gray Llp - Geoffrey Mason. It holds total assets of $54.1M. Annual income is reported at $12.7M. The foundation operates in the area of philanthropy & grantmaking. According to available records, 72 Fund has made 10 grants totaling $4.8M, with a median grant of $230K. Annual giving has grown from $2M in 2022 to $2.8M in 2023. Individual grants have ranged from $10K to $1.8M, with an average award of $485K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Massachusetts and District of Columbia. Contributions to this foundation are tax-deductible.
72 Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in MA, DC.
72 Fund has distributed a total of $4.8M across 10 grants. The median grant size is $230K, with an average of $485K. Individual grants have ranged from $10K to $1.8M.
72 Fund typically selects its grantees rather than accepting unsolicited proposals.
72 Fund is headquartered in BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kenneth R Chien | TRUSTEE | $0 | $0 | $0 |
| Megan K Donovan-Chien | TRUSTEE | $0 | $0 | $0 |
| Michelle Knight | TRUSTEE | $0 | $0 | $0 |
| Geoffrey M Mason | TRUSTEE | $0 | $0 | $0 |
Total Giving
$3.1M
Total Assets
$52M
Fair Market Value
$52M
Net Worth
$52M
Grants Paid
$2.8M
Contributions
$0
Net Investment Income
$552K
Distribution Amount
$2.4M
Total: $1.3M
Total Grants
10
Total Giving
$4.8M
Average Grant
$485K
Median Grant
$230K
Unique Recipients
4
Most Common Grant
$1M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| President And Fellows Of Harvard CollegeDONOVAN-CHIEN FAMILY PROFESSORSHIP | Cambridge, MA | $1.8M | 2023 |
| Unicef UsaINTERNATIONAL HUMANITARIAN AID | Washington, DC | $300K | 2023 |
| Esperanza AcademyMUSIC THERAPY | Lawrence, MA | $160K | 2023 |
| The Joey FundGENERAL CHARITABLE PURPOSES | Cambridge, MA | $49K | 2023 |
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