Also known as: C/O ERIC RIAK - CIBC PRIVATE WEALTH MGMT
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Linde Family Foundation is a private trust based in BOSTON, MA. The foundation received its IRS ruling in 2001. The principal officer is Eric Riak-Atlantic Trust. It holds total assets of $214.9M. Annual income is reported at $72M. Total assets have grown from $115.1M in 2011 to $214.9M in 2024. The foundation is governed by 5 officers and trustees. Tax records are available from 2020 to 2024. Grantmaking is concentrated in Massachusetts. According to available records, Linde Family Foundation has made 188 grants totaling $23.3M, with a median grant of $25K. Annual giving has decreased from $9.1M in 2020 to $7.2M in 2022. Individual grants have ranged from $1K to $9.1M, with an average award of $124K. The foundation has supported 109 unique organizations. The foundation primarily supports organizations in Massachusetts, Connecticut, New York, which account for 93% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
The Linde Family Foundation is a deeply personal, family-governed private foundation built on the wealth generated by Edward Linde's Boston Properties real estate empire — one of the largest publicly traded office REITs in the country. The foundation was established in 2001, and today its five trustees — Joyce Linde, Douglas T. Linde, Carol Croft Linde, Karen Linde Packman, and Jeffrey N. Packman — make all grantmaking decisions without compensation, reflecting a closely held family philanthropy model. All trustee compensation is $0, signaling a hands-on, values-driven operation rather than a professionally staffed institution.
Philanthropic management is outsourced to Mott Philanthropic, a Boston-based philanthropic advisory firm located at 800 Boylston Street, Suite 1560. Mott Philanthropic is the sole documented gateway for new grantee relationships. The foundation does not publish a website, application guidelines, or grant portal. This is a critical structural reality: reaching this funder means reaching Mott Philanthropic first.
The foundation does not accept unsolicited applications as a matter of policy. However, this does not mean it is inaccessible — it means the pathway to a grant is relationship-based rather than application-based. Organizations in the Boston civic community that share overlap with the Linde family's philanthropic interests (arts education, STEM equity, healthcare infrastructure) should invest in building a relationship with Mott Philanthropic well before requesting funds.
Grantees in the database reflect long-term partnerships: organizations like Boston Youth Symphony Orchestras, West End House, Sociedad Latina, and Community Music Center of Boston each appear across multiple 990 filings, indicating multi-year general operating support relationships. First-time grantees typically receive program-specific awards ($75,000–$200,000) before progressing to larger general operating commitments. Capital campaigns are reserved for the foundation's most significant institutional relationships — Beth Israel Deaconess ($4M+), Dana-Farber ($10M+), and Wesleyan University ($2M+).
Organizations with the strongest prospects are those already embedded in Boston's civic fabric, particularly in neighborhoods with high concentrations of youth, immigrants, and working-class families (Jamaica Plain, Roxbury, Charlestown). A personal introduction through a current Linde grantee or Mott Philanthropic contact is the most reliable first step.
The Linde Family Foundation has distributed between $7.9 million and $17.6 million annually over the past five years, with a clear upward trajectory as the asset base has grown. Key financials:
Grant size distribution (based on 92 tracked grants): median $25,000, average $75,999, minimum $1,000, maximum $2,000,000. The wide spread reflects a dual-track model — dozens of smaller $5,000–$50,000 grants to community organizations alongside major anchor grants of $500,000–$2,000,000 to institutional partners.
By program area (estimated from grantee analysis): - Education and STEM equity: ~40% — includes K-12 arts education, STEM pathways, charter schools, university partnerships (MIT, Wesleyan, Boston College, Northeastern) - Arts and culture: ~30% — performing arts, music education, visual arts (Boston Symphony, BYSO, Jose Mateo Ballet, Boston City Singers, Eliot School) - Health and human services: ~20% — BIDMC, Dana-Farber, Greater Boston Food Bank, Community Servings, Bay Cove, Bridge Over Troubled Waters - Other/general civic: ~10%
Geography: 89.9% of tracked grants (169 of 188) go to Massachusetts organizations. The remaining 11% are scattered across CT, IL, NY, OR, TX, and WA — nearly all tied to national organizations with local Boston chapters or universities with personal Linde connections.
Grant types include general operating support (most common for established grantees), program/project grants (for newer relationships and STEM-specific initiatives), capital campaign support (BIDMC building construction), and individual scholarships (Wesleyan University financial aid fund). The foundation does not document a payout formula, but its 5%+ annual distribution rate on assets consistently exceeds IRS minimums.
The Linde Family Foundation sits in a cohort of $215 million-asset private foundations in the Philanthropy & Grantmaking NTEE category. While assets are similar across peers, grantmaking focus, geography, and access vary considerably.
| Foundation | Assets (approx.) | Annual Giving | Primary Focus | Geography | Application |
|---|---|---|---|---|---|
| Linde Family Foundation | $214.9M | $11–17.6M | Arts, Education, STEM, Health | Boston metro, MA | Invitation only |
| Donnini-Rudolph Family Foundation | $215.1M | Unknown | Philanthropy & Grantmaking | Illinois | Not disclosed |
| Penske Foundation Inc. | $215.2M | Unknown | Education, Community | Michigan | Limited/Invited |
| Glenn Greenberg & Linda Vester Foundation | $214.5M | Unknown | Arts, Education | New York | Invitation only |
| Carrie Estelle Doheny Foundation | $215.3M | Unknown | Catholic/Social Services | California | LOI process |
| Rubio Butterfield Foundation | $215.2M | Unknown | Philanthropy & Grantmaking | New York | Not disclosed |
Among this peer cohort, Linde stands out for three reasons. First, its annual giving at $11–17.6M is one of the highest documented in the group, reflecting active distribution well above statutory minimums. Second, its geographic concentration in Boston metro is unusually tight — making it a rare large private funder with a nearly exclusive regional focus. Third, the foundation's explicit commitment to youth STEM equity and arts education distinguishes it from peers in the general philanthropy category who maintain broader or less defined giving strategies. Applicants comparing funders should note that Linde's relationship-only model means it rewards long-term Boston civic presence far more than proposal quality alone.
The foundation's most significant recent development is a dramatic asset surge in fiscal year 2024: total assets grew from $159.5 million to $214.9 million, driven by a $50 million contribution received during the year — the largest single-year inflow in the foundation's documented history. This recapitalization, combined with $17.1 million in asset sales, pushed charitable disbursements from $11.0 million (2023) to an estimated $16.8–17.6 million (2024), a ~52% year-over-year increase in grantmaking.
The Dana-Farber Cancer Institute gift — a $10 million catalytic grant to launch the Center for Therapeutic Discovery, with a $5 million additional challenge grant — represents the foundation's most publicly documented recent major grant and its largest known single commitment to a healthcare institution. The announcement, covered by Philanthropy News Digest, marked a new frontier in the foundation's healthcare giving.
2024 grantmaking highlights (from 990-PF data): Beth Israel Deaconess Medical Center received $2.7 million for primary care leadership and hypertension care programs; Dana-Farber Cancer Institute received $2 million toward the therapeutic discovery center; Boston Youth Symphony Orchestra received $1.2 million for operations and youth center development.
The November 15, 2025 990-PF filing confirms the five trustees remain unchanged: Joyce Linde, Douglas T. Linde, Carol Croft Linde, Karen Linde Packman, and Jeffrey N. Packman — all serving without compensation. No leadership transitions have been publicly announced.
The single most important tip: this foundation does not accept cold applications. All grantmaking flows through Mott Philanthropic (info@mottphilanthropic.com, 617-927-5700), the foundation's philanthropic advisor. Your first move is a professional inquiry to Mott Philanthropic — not a proposal submission.
Timing and relationship cadence. The foundation operates on a relationship-first model with no published grant cycles or application deadlines. Multi-year grantees (Boston Youth Symphony, West End House, Sociedad Latina) have sustained funding relationships suggesting annual or biennial renewal conversations. New relationships likely involve an initial inquiry, a period of cultivation, and a first program-specific grant before graduating to general operating support. Budget 12–24 months for a new relationship to produce a first grant.
What they look for: The grantee portfolio reveals a consistent set of organizational characteristics — deep Boston community roots, proven delivery with underserved youth or immigrant populations, professional arts or STEM programming, measurable outcomes, and organizational stability. Organizations with annual budgets of $500K–$10M appear most represented in the $25K–$300K grant tier. Major capital campaigns require a prior sustained relationship.
Language alignment. Use language that mirrors the foundation's documented interests: "equitable access," "Boston youth," "STEM pathways," "arts education," "community anchor," and "underserved students." Avoid generic nonprofit boilerplate. The foundation has funded highly specific programs (MIT Engineering Outreach, Dearborn STEM Academy, Charlestown High School's Possible Futures) — show equivalent program specificity.
Common mistakes to avoid. Do not submit unsolicited proposals or cold emails to the trustee addresses. Do not approach Douglas T. Linde (Boston Properties CEO) through his professional channels — this is a family foundation with its own governance. Do not frame your work as national in scope; geographic specificity to Boston metro is essential.
Warm introduction paths. Review the foundation's known grantees (BYSO, Eliot School, West End House, Edvestors, Resilient Coders). Board members or executive directors of these organizations who know your work can provide the most credible introductions to Mott Philanthropic. Boston civic networks — A Better City, United Way of Massachusetts Bay, Massachusetts Cultural Council — also connect the foundation's sphere of influence.
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No specific application information is available for this foundation. Check the 990-PF filings below for application guidelines, or visit the foundation's website if listed above.
Smallest Grant
$1K
Median Grant
$25K
Average Grant
$76K
Largest Grant
$2M
Based on 92 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.
The Linde Family Foundation has distributed between $7.9 million and $17.6 million annually over the past five years, with a clear upward trajectory as the asset base has grown. Key financials: - FY2020: $11.1M total giving, $9.1M grants paid, assets $169.1M - FY2021: $8.9M total giving, $7.0M grants paid, assets $189.8M - FY2022: $9.1M total giving, $7.2M grants paid, assets $144.6M - FY2023: $11.0M total giving, $9.2M grants paid, assets $159.5M - FY2024: ~$16.8–17.6M charitable disbursements,.
Linde Family Foundation has distributed a total of $23.3M across 188 grants. The median grant size is $25K, with an average of $124K. Individual grants have ranged from $1K to $9.1M.
The Linde Family Foundation is a deeply personal, family-governed private foundation built on the wealth generated by Edward Linde's Boston Properties real estate empire — one of the largest publicly traded office REITs in the country. The foundation was established in 2001, and today its five trustees — Joyce Linde, Douglas T. Linde, Carol Croft Linde, Karen Linde Packman, and Jeffrey N. Packman — make all grantmaking decisions without compensation, reflecting a closely held family philanthropy.
Linde Family Foundation is headquartered in BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joyce Linde | TRUSTEE | $0 | $0 | N/A |
| Jeffrey N Packman | TRUSTEE | $0 | $0 | N/A |
| Karen Linde Packman | TRUSTEE | $0 | $0 | N/A |
| Carol Croft Linde | TRUSTEE | $0 | $0 | N/A |
| Douglas T Linde | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$214.9M
Fair Market Value
N/A
Net Worth
$214.9M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
188
Total Giving
$23.3M
Average Grant
$124K
Median Grant
$25K
Unique Recipients
109
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Beth Israel Deaconess Medical CenterCONSTRUCTION OF NEW INPATIENT BUILDING | Boston, MA | $2M | 2022 |
| Wesleyan UniversityLINDE FAMILY FOUNDATION WESLEYAN UNDERGRADUATE FINANCIAL AID FUND/FACILITIES FUND/WESLEYAN UNIVERSITY CENTER FOR PRISON EDUCATION | Middletown, CT | $1M | 2022 |
| EdvestorsBOSTON PUBLIC SCHOOLS ARTS EXPANSION - PHASE V | Boston, MA | $200K | 2022 |
| Ballet Theatre Of Boston Dba Jose Mateo'S Ballet TheatreGENERAL OPERATIONS | Cambridge, MA | $150K | 2022 |
| Trustees Of Eliot SchoolGENERAL OPERATIONS | Boston, MA | $150K | 2022 |
| West End House IncGENERAL OPERATIONS | Allston, MA | $150K | 2022 |
| Boston Youth Symphony OrchestrasGENERAL OPERATIONS | Boston, MA | $150K | 2022 |
| Sociedad Latina IncGENERAL OPERATIONS | Roxbury, MA | $140K | 2022 |
| Boston Collegiate Charter School Foundation IncGENERAL OPERATIONS | Dorchester, MA | $135K | 2022 |
| Boston City Singers IncGENERAL OPERATIONS/SOMACHI AMADI-TO ATTEND THE BOSTON CONSERVATORY AT BERKLEE | Dorchester, MA | $135K | 2022 |
| Community Music Center Of BostonGENERAL OPERATIONS | Boston, MA | $125K | 2022 |
| Massachusetts Institute Of Technology2021-2022 SUPPORT FOR THE OFFICE OF ENGINEERING OUTREACH PROGRAMS | Cambridge, MA | $125K | 2022 |
| Medicine Wheel Productions Aka Spoke ArtGENERAL OPERATIONS | Boston, MA | $102K | 2022 |
| Jobs For The Future IncPOSSIBLE FUTURES AT CHARLESTOWN HIGH SCHOOL | Boston, MA | $101K | 2022 |
| Boston Symphony OrchestraSYMPHONY & TANGLEWOOD ANNUAL FUNDS | Boston, MA | $100K | 2022 |
| A Better City Initiative IncOPERATING SUPPORT | Boston, MA | $100K | 2022 |
| BpeBUILDING A PIPELINE OF STEM STUDENTS, EDUCATORS, AND PROFESSIONALS AT THE DEARBORN STEM ACADEMY | Roxbury, MA | $100K | 2022 |
| Boston Arts Academy FoundationOPERATING SUPPORT | Boston, MA | $100K | 2022 |
| Resilient Coders IncRESILIENT CODERS: EQUITABLE PATHWAYS TO PROSPERITY | Cambridge, MA | $100K | 2022 |
| Rennie Center For Education Research & Policy IncADVANCING STEM CAREER PATHWAYS FOR UNDERSERVED STUDENTS | Boston, MA | $100K | 2022 |
| Bostons Childrens Chorus IncGENERAL OPERATIONS | Boston, MA | $100K | 2022 |
| Trustees Of Boston CollegeENABLING OPPORTUNITIES FOR INTEREST: BUILDING CAPACITY IN YOUTH FOR POST-SECONDARY SUCCESS THROUGH EXPLORATION OF STEM FIELDS | Chestnut Hill, MA | $99K | 2022 |
| Northeastern UniversityOPERATING SUPPORT | Boston, MA | $98K | 2022 |
| Brooke School FoundationCOMPUTER SCIENCE AT BROOKE HIGH SCHOOL | Roslindale, MA | $80K | 2022 |
| Per Scholas IncOPERATING SUPPORT | Bronx, NY | $75K | 2022 |
| Doctors Without Borders Usa IncOPERATING SUPPORT | New York, NY | $75K | 2022 |
| United Way Of Massachusetts Bay And Merrimack ValleyOPERATING SUPPORT | Boston, MA | $75K | 2022 |
| Innovators For PurposeOPERATION NEXT STEP | Acton, MA | $75K | 2022 |
| Bedf Making Music MattersGENERAL OPERATIONS | West Roxbury, MA | $75K | 2022 |
| Theater Offensive IncGENERAL OPERATIONS | Boston, MA | $60K | 2022 |
| Urbano Project IncGENERAL OPERATIONS | Cambridge, MA | $50K | 2022 |
| Massachusetts Cultural CouncilTEACHING ARTIST PROFESSIONAL DEVELOPMENT | Boston, MA | $50K | 2022 |
| Hyde Square Task ForceGENERAL OPERATIONS | Jamaica Plain, MA | $50K | 2022 |
| The Greater Boston Food BankOPERATING SUPPORT | Boston, MA | $50K | 2022 |
| Artists For HumanityGENERAL OPERATIONS | Boston, MA | $50K | 2022 |
| OriginationGENERAL OPERATIONS | Roxbury, MA | $50K | 2022 |
| Grub Street IncGENERAL OPERATIONS | Arlington, MA | $40K | 2022 |
| Children'S Hospital CorporationOPERATING SUPPORT | Boston, MA | $30K | 2022 |
| Bay Cove Human ServicesOPERATING SUPPORT | Boston, MA | $30K | 2022 |
| Community ServingsOPERATING SUPPORT | Jamaica Plain, MA | $30K | 2022 |
| Boston Medical Center CorporationFOOD PANTRY | Boston, MA | $30K | 2022 |
| Acre Family Day Care CorporationOPERATING SUPPORT | Lowell, MA | $25K | 2022 |
| Alzheimer'S Disease And Related Diseases Association NationalRESEARCH | Chicago, IL | $25K | 2022 |
| Camp Harbor View Foundation IncOPERATING SUPPORT | Boston, MA | $25K | 2022 |
| Bridge Over Troubled WatersOPERATING SUPPORT | Boston, MA | $25K | 2022 |
| The Food Bank Of Western MassachusettsOPERATING SUPPORT | Hatfield, MA | $25K | 2022 |
| Quest Scholars ProgramOPERATING SUPPORT | Palo Alto, CA | $25K | 2022 |
| Friends Of Boston'S HomelessOPERATING SUPPORT | Boston, MA | $25K | 2022 |
| Rize Massachusetts Foundation IncOPERATING SUPPORT | Boston, MA | $25K | 2022 |
| Philanthropy MassachusettsANNUAL DONATION/MEMBERSHIP DUES 2021 | Boston, MA | $25K | 2022 |