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Heartstone Foundation is a private trust based in BROOKLINE, MA. The foundation received its IRS ruling in 2004. The principal officer is Deloitte Tax P Crafton. It holds total assets of $13.9M. Annual income is reported at $2.6M. The foundation is governed by 1 officer or trustee. Private foundation focused on grantmaking in education, health care, and philanthropic endeavors. Operates as an endowment-based foundation distributing approximately $1.1 million annually to charitable causes. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. The foundation primarily funds organizations in Massachusetts and Ohio. According to available records, Heartstone Foundation has made 7 grants totaling $2.8M, with a median grant of $500K. Annual giving has grown from $825K in 2021 to $1M in 2023. Individual grants have ranged from $100K to $760K, with an average award of $398K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Ohio and New York and Massachusetts. Contributions to this foundation are tax-deductible.
Supports educational institutions including schools and academies. Recent recipients include Concord Academy and Bement School.
Provides funding for health care-related organizations and initiatives.
Supports philanthropic and voluntary organizations focused on grantmaking activities.
Private foundation focused on grantmaking in education, health care, and philanthropic endeavors. Operates as an endowment-based foundation distributing approximately $1.1 million annually to charitable causes. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in OH, NY, MA.
Heartstone Foundation has distributed a total of $2.8M across 7 grants. The median grant size is $500K, with an average of $398K. Individual grants have ranged from $100K to $760K.
Heartstone Foundation typically selects its grantees rather than accepting unsolicited proposals.
Heartstone Foundation is headquartered in BROOKLINE, MA. While based in MA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Julie Swartz | TRUSTEE | $0 | $0 | N/A |
Total Giving
$1M
Total Assets
$13.7M
Fair Market Value
$17.2M
Net Worth
$13.7M
Grants Paid
$1M
Contributions
N/A
Net Investment Income
$797K
Distribution Amount
$811K
Total Grants
7
Total Giving
$2.8M
Average Grant
$398K
Median Grant
$500K
Unique Recipients
5
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Friends Of United HatzalahGENERAL CHARITABLE SUPPORT | New York, NY | $500K | 2023 |
| Magen David AdomGENERAL CHARITABLE SUPPORT | Or Yehuda | $500K | 2023 |
| Fidelity Charitable FundTHE FUNDS HELD BY THE FIDELITY CHARITABLE FUND ARE INTENDED TO BE DISTRIBUTED TO ORGANIZATIONS THAT ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES. | Cincinnati, OH | $760K | 2022 |
| The Chestnut Hill SchoolTO EDUCATE, INSPIRE, AND FOSTER A DIVERSE & SAFE ENVIRONMENT FOR STUDENTS | Chestnut Hill, MA | $100K | 2022 |
| The Fessenden SchoolTO EDUCATE, INSPIRE, AND FOSTER A DIVERSE & SAFE ENVIRONMENT FOR STUDENTS | Newton, MA | $100K | 2022 |