//
Also known as: C/O DAVID OLAKSEN EASTERN BANK
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Towards Sustainability Foundation is a private trust based in SAUGUS, MA. The foundation received its IRS ruling in 1998. The principal officer is David Olaksen Eastern Bank. It holds total assets of $14.5M. Annual income is reported at $4.8M. Total assets have grown from $10.7M in 2010 to $14.3M in 2022. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2021 to 2023. The foundation primarily funds organizations in Massachusetts and New York. According to available records, Towards Sustainability Foundation has made 82 grants totaling $2.5M, with a median grant of $20K. Annual giving has grown from $764K in 2021 to $1.7M in 2022. Individual grants have ranged from $5K to $110K, with an average award of $30K. The foundation has supported 28 unique organizations. The foundation primarily supports organizations in New York, Massachusetts, District of Columbia, which account for 74% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$20K
Average Grant
$32K
Largest Grant
$110K
Based on 27 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.
Towards Sustainability Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 82 grants. Its grantmaking reaches organizations primarily in NY, MA, DC.
Towards Sustainability Foundation has distributed a total of $2.5M across 82 grants. The median grant size is $20K, with an average of $30K. Individual grants have ranged from $5K to $110K.
The application deadline is August 15 for consideration of grant for the Organization's fiscal year ending September 30.. Towards Sustainability Foundation ("TSF") intends to provide financial support only to 501(c)(3) public charities which help promote the efficient use of the earth's natural resources and human capital towards a balanced carrying capacity that can support all living organisms fairly and justly.
Towards Sustainability Foundation is headquartered in SAUGUS, MA. While based in MA, the foundation distributes grants to organizations across 9 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Eastern Bank | Trustee | $139K | $0 | $139K |
| Susan K Syversen | Advisory Committee | $33K | $0 | $33K |
| John R Dunnell | Advisory Committee | $33K | $0 | $33K |
Total Giving
$1.1M
Total Assets
$14.3M
Fair Market Value
$15.7M
Net Worth
$14.3M
Grants Paid
$845K
Contributions
N/A
Net Investment Income
$1.1M
Distribution Amount
$790K
Total: $10.1M
Total Grants
82
Total Giving
$2.5M
Average Grant
$30K
Median Grant
$20K
Unique Recipients
28
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cornell University - Atkinson Center For A Sustainable FutureSustainable Biodiversity Research Program | Ithaca, NY | $110K | 2022 |
| Cornell University - College Of Agriculture And Life SciencesOrganic Farming Research Program | Ithaca, NY | $110K | 2022 |
| Planned Parenthood Federation Of AmericaGeneral Domestic and Global Support | New York, NY | $100K | 2022 |
| Tufts University - Friedman School Of Nutrition And Science PolicyCAFE/New Farmer/Feinstein | Boston, MA | $81K | 2022 |
| Ecologic Development FundGeneral Purposes | Cambridge, MA | $40K | 2022 |
| Womens Microfinance InitiativeGeneral Purposes | Cabin John, MD | $30K | 2022 |
| Oxfam-AmericaGeneral Purposes | Boston, MA | $25K | 2022 |
| MadreAdvancing Climate Justice Initiative | New York, NY | $25K | 2022 |
| Rainforest AllianceSupporting Women Cacao Farmers (Honduras) | New York, NY | $25K | 2022 |
| Essex County GreenbeltLand Conservation Outreach Initiative | Essex, MA | $25K | 2022 |
| Food ProjectGeneral Purposes | Lincoln, MA | $25K | 2022 |
| Green AmericaGeneral Purposes | Washington, DC | $25K | 2022 |
| Nyu Stern School For BusinessROSI Research | New York, NY | $20K | 2022 |
| Greenpeace FundProtecting Ocean Biodiversity | Washington, DC | $20K | 2022 |
| Gulf Of Maine InstituteGeneral Purposes | West Newbury, MA | $20K | 2022 |
| Massachusetts Audubon SocietyGeneral Purposes | Lincoln, MA | $20K | 2022 |
| American Friends Service CommitteePeace & Livelihoods Programs | Philadelphia, PA | $20K | 2022 |
| Creative Action InstituteGeneral Purposes | Ipswich, MA | $15K | 2022 |
| Lloyd Center For The EnvironmentGeneral Purposes | Dartmouth, MA | $15K | 2022 |
| Nature Conservancy - Ma ChapterGeneral Purposes | Boston, MA | $15K | 2022 |
| Organization For Tropical StudiesVivero de la Cultura Program | Durham, NC | $15K | 2022 |
| Rodale InstituteSoil Health/Corn Nutrient Study | Kutztown, PA | $15K | 2022 |
| CisaGeneral Purposes | South Deerfield, MA | $15K | 2022 |
| Red TomatoGeneral Purposes | Providence, RI | $15K | 2022 |
| Safe PassageGeneral Purposes | New Gloucester, ME | $10K | 2022 |