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Also known as: C/O ROPES & GRAY LLP PRUDENTIAL TOWER
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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. Total assets have grown from $17.8M in 2020 to $52M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. 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.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
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 | N/A |
| Megan K Donovan-Chien | TRUSTEE | $0 | $0 | N/A |
| Michelle Knight | TRUSTEE | $0 | $0 | N/A |
| Geoffrey M Mason | TRUSTEE | $0 | $0 | N/A |
Total Giving
$3.1M
Total Assets
$52M
Fair Market Value
$52M
Net Worth
$52M
Grants Paid
$2.8M
Contributions
N/A
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 |