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From The Source Foundation is a private corporation based in NEWTON, MA. The foundation received its IRS ruling in 2022. The principal officer is Care Of Matthew F Mcknight. It holds total assets of $1M. Annual income is reported at $128K. Total assets have grown from $81K in 2021 to $994K in 2023. The foundation is governed by 2 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 2021 to 2023. Funding is distributed across 5 states, including New Hampshire, Massachusetts, Colorado. According to available records, From The Source Foundation has made 19 grants totaling $110K, with a median grant of $5K. Annual giving has decreased from $92K in 2022 to $18K in 2023. Individual grants have ranged from $1K to $25K, with an average award of $6K. The foundation has supported 8 unique organizations. The foundation primarily supports organizations in Virginia, Massachusetts, New Hampshire, which account for 79% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$7K
Largest Grant
$25K
Based on 7 grants from the most recent 990-PF filing.
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.
From The Source Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 19 grants. Its grantmaking reaches organizations primarily in VA, MA, NH.
From The Source Foundation has distributed a total of $110K across 19 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $1K to $25K.
From The Source Foundation typically selects its grantees rather than accepting unsolicited proposals.
From The Source Foundation is headquartered in NEWTON, MA. While based in MA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Matthew Mcknight | TREASURER, DIRECTOR | $0 | $0 | N/A |
| Whitney Mcknight | PRESIDENT, SECRETARY, DIRECTOR | $0 | $0 | N/A |
Total Giving
$56K
Total Assets
$994K
Fair Market Value
$1.1M
Net Worth
$994K
Grants Paid
$18K
Contributions
N/A
Net Investment Income
$17K
Distribution Amount
$50K
Total Grants
19
Total Giving
$110K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
8
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Greater Boston Food BankCHARITABLE | Boston, MA | $5K | 2023 |
| Primary SourceCHARITABLE | Watertown, MA | $5K | 2023 |
| Claremont Nh Food BankCHARITABLE | Claremont, NH | $4K | 2023 |
| Cradles To CrayonsCHARITABLE | Newtonville, MA | $3K | 2023 |
| Learning CourageCHARITABLE | Portsmouth, NH | $1K | 2023 |
| Third Option FoundationCHARITABLE | Reston, VA | $25K | 2022 |
| Fund For American StudiesCHARITABLE | Washington, DC | $5K | 2022 |
| Growing GardensCHARITABLE | Boulder, CO | $1K | 2022 |