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Boroughs Fam Foundation is a private trust based in WESTPORT, CT. The foundation received its IRS ruling in 2007. The principal officer is Mclaughlin & Stern Llp. It holds total assets of $581K. Annual income is reported at $511K. Total assets have grown from $227K in 2011 to $502K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. According to available records, Boroughs Fam Foundation has made 2 grants totaling $260K, with a median grant of $130K. Annual giving has decreased from $250K in 2020 to $10K in 2022. Individual grants have ranged from $10K to $250K, with an average award of $130K. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in New York and Massachusetts. 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.
Boroughs Fam Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in NY, MA.
Boroughs Fam Foundation has distributed a total of $260K across 2 grants. The median grant size is $130K, with an average of $130K. Individual grants have ranged from $10K to $250K.
The application deadline is CURRENT YEAR CONTRIBUTION APPLICATION MUST BE RECIEVED BY FEBRUARY 28TH. Qualified 501(c)(3) organization.
Boroughs Fam Foundation is headquartered in WESTPORT, CT. While based in CT, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Timothy Aboroughs | PRESIDENT | $0 | $0 | N/A |
| Barbara Boroughs | SECRETARY | $0 | $0 | N/A |
Total Giving
$307K
Total Assets
$502K
Fair Market Value
$587K
Net Worth
$502K
Grants Paid
$305K
Contributions
$307K
Net Investment Income
$76K
Distribution Amount
$25K
Total: $443K
Total Grants
2
Total Giving
$260K
Average Grant
$130K
Median Grant
$130K
Unique Recipients
2
Most Common Grant
$250K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| ColumbiaEDUCATION | New York, NY | $250K | 2020 |
| Isabella Stewart Garnder MuseumEDUCATION | Boston, MA | $10K | 2022 |