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Herb And Maxine Jacobs Foundation Inc. is a private corporation based in BOSTON, MA. The foundation received its IRS ruling in 2014. The principal officer is % G&S. It holds total assets of $22M. Annual income is reported at $5.7M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Herb And Maxine Jacobs Foundation Inc. has made 40 grants totaling $4.2M, with a median grant of $68K. Annual giving has decreased from $2.9M in 2022 to $1.3M in 2023. Individual grants have ranged from $15K to $300K, with an average award of $104K. The foundation has supported 15 unique organizations. Grants have been distributed to organizations in Massachusetts and Nebraska and Texas. Contributions to this foundation are tax-deductible.
Herb And Maxine Jacobs Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 40 grants. Its grantmaking reaches organizations primarily in MA, NE, TX.
Herb And Maxine Jacobs Foundation Inc. has distributed a total of $4.2M across 40 grants. The median grant size is $68K, with an average of $104K. Individual grants have ranged from $15K to $300K.
Herb And Maxine Jacobs Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Herb And Maxine Jacobs Foundation Inc. is headquartered in BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Deborah S Kay | DIRECTOR | $0 | $0 | $0 |
| Carl Whittaker | VP, TREAS. & DIR. | $0 | $0 | $0 |
| Jill Jacobs | PRES, SEC & DIR. | $0 | $0 | $0 |
Total Giving
$1.6M
Total Assets
$21.9M
Fair Market Value
$31.6M
Net Worth
$21.9M
Grants Paid
$1.3M
Contributions
$0
Net Investment Income
$1.4M
Distribution Amount
$1.5M
Total: $19.8M
Total Grants
40
Total Giving
$4.2M
Average Grant
$104K
Median Grant
$68K
Unique Recipients
15
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boston FoundationGENERAL SUPPORT | Boston Ma, MA | $75K | 2022 |
| Northeastern UniversityGENERAL | Boston, MA | $290K | 2023 |
| Truckee Meadows Community College FoundaGENERAL | Reno, NE | $248K | 2023 |
| Cambridge Housing FoundationGENERAL | Cambridgem, MA | $195K | 2023 |
| Hack Diversity IncGENERAL SUPPORT | Boston, MA | $105K |
| 2023 |
| Bunker Hill Community College FoundaitonEXPANSION OF THE LEARN & | Boston, MA | $100K | 2023 |
| Massbay FoundationINFORMATION TECHONOLOGY | Framingham, MA | $98K | 2023 |
| Alray Taylor SecondchanceGENERAL | Boston, MA | $61K | 2023 |
| Cambridge Community Learning CenterGENERAL | Cambridge, MA | $60K | 2023 |
| Jewish Family Service Of MetrowestGENERAL | Framingham, MA | $50K | 2023 |
| Framingham State University FoundationGRAPHIC DESIGN SCHOLARSHIP | Framingham, MA | $25K | 2023 |
| Montgomery County Womens CenterGENERAL SUPPORT | Conroe Tx, TX | $25K | 2023 |
| Cambridge Community FoundationGENERAL | Cambridge, MA | $25K | 2023 |
| Middlesex Community College FoundationGENERAL SUPPORT | Bedford, MA | $15K | 2023 |
| Steps To SuccessFOR STUDENT SUPPORT FUND | Bookline, MA | $15K | 2023 |
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