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Also known as: C/O LORINGWOLCOTT & COOLIDGE ATTNDAVID BOIT
Broad Reach Foundation is a private corporation based in BOSTON, MA. The foundation received its IRS ruling in 2001. The principal officer is % David Boit. It holds total assets of $263.5M. Annual income is reported at $162.9M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Broad Reach Foundation has made 10 grants totaling $45.1M, with a median grant of $2.8M. Annual giving has decreased from $36.6M in 2022 to $8.5M in 2023. Individual grants have ranged from $500K to $12M, with an average award of $4.5M. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in Maine and California. Contributions to this foundation are tax-deductible.
Broad Reach Foundation 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 ME, CA.
Broad Reach Foundation has distributed a total of $45.1M across 10 grants. The median grant size is $2.8M, with an average of $4.5M. Individual grants have ranged from $500K to $12M.
Broad Reach Foundation typically selects its grantees rather than accepting unsolicited proposals.
Broad Reach Foundation is headquartered in BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peter Richards | TREASURER/DIRECTOR | $0 | $0 | $0 |
| Carol Richards | PRESIDENT/DIRECTOR | $0 | $0 | $0 |
| Adam Richards | SECRETARY/DIRECTOR | $0 | $0 | $0 |
Total Giving
$11.2M
Total Assets
$221.2M
Fair Market Value
$221.2M
Net Worth
$220M
Grants Paid
$8.5M
Contributions
$12M
Net Investment Income
$13.4M
Distribution Amount
$9.5M
Total: $202.5M
Total Grants
10
Total Giving
$45.1M
Average Grant
$4.5M
Median Grant
$2.8M
Unique Recipients
2
Most Common Grant
$6.3M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Tides FoundationTO SUPPORT WORK WITH CHARITABLE ORGANIZATIONS. | San Francisco, CA | $3.5M | 2023 |
| Maine Community FoundationTO SUPPORT WORK WITH CHARITABLE ORGANIZATIONS. | Ellsworth, ME | $2M | 2023 |
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