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Verano Fund is a private trust based in BOSTON, MA. The foundation received its IRS ruling in 2000. The principal officer is Howland Capital Management Inc.. It holds total assets of $1.8M. Annual income is reported at $374K. Total assets have grown from $1.1M in 2011 to $1.9M 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 2015 to 2023. The foundation primarily funds organizations in Massachusetts and Iowa. According to available records, Verano Fund has made 85 grants totaling $421K, with a median grant of $3K. Annual giving has decreased from $281K in 2022 to $140K in 2023. Individual grants have ranged from $250 to $35K, with an average award of $5K. The foundation has supported 30 unique organizations. The foundation primarily supports organizations in Massachusetts, New York, Iowa, which account for 79% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$3K
Average Grant
$5K
Largest Grant
$35K
Based on 30 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.
Verano Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 85 grants. Its grantmaking reaches organizations primarily in MA, NY, IA.
Verano Fund has distributed a total of $421K across 85 grants. The median grant size is $3K, with an average of $5K. Individual grants have ranged from $250 to $35K.
Verano Fund typically selects its grantees rather than accepting unsolicited proposals.
Verano Fund is headquartered in BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 9 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| A Dix Leeson Jr | TRUSTEE | $0 | $0 | N/A |
| Charles E Clapp Iii | TRUSTEE | $0 | $0 | N/A |
Total Giving
$177K
Total Assets
$1.9M
Fair Market Value
$2.8M
Net Worth
$1.9M
Grants Paid
$140K
Contributions
N/A
Net Investment Income
$47K
Distribution Amount
$134K
Total: $1.6M
Total Grants
85
Total Giving
$421K
Average Grant
$5K
Median Grant
$3K
Unique Recipients
30
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cuttyhunk Historical Society2023 GRANT | Cuttyhunk, MA | $4K | 2023 |
| Water For The South Sudan2023 GRANT | Rochester, NY | $35K | 2023 |
| Woods Hole Oceanographic Institute2023 GRANT | Woods Hole, MA | $13K | 2023 |
| Worcester County Horticultural Society2023 GRANT | Boylston, MA | $10K | 2023 |
| Iowa Public Radio2023 GRANT | Des Moines, IA | $8K | 2023 |
| Tubman2023 GRANT | Minneapolis, MN | $7K | 2023 |
| To Write Love On Her Arms2023 GRANT | Melbourne, FL | $7K | 2023 |
| St Judes Children'S Research Hospital2023 GRANT | Memphis, TN | $7K | 2023 |
| Wellesley Congregational Church2023 GRANT | Wellesley, MA | $7K | 2023 |
| Trustees Of Trinty College Class Of 19402023 GRANT | Hartford, CT | $5K | 2023 |
| Mercy Ships2023 GRANT | Garden Valley, TX | $5K | 2023 |
| Newton Wellesley Hospital Charitable Foundation2023 GRANT | Newton, MA | $5K | 2023 |
| Iowa Community Improvements2023 GRANT | Des Moines, IA | $4K | 2023 |
| Crisp2023 GRANT | Winterset, IA | $4K | 2023 |
| Belmont Day School2023 GRANT | Belmont, MA | $4K | 2023 |
| American Red Cross2023 GRANT | Medford, MA | $3K | 2023 |
| Planned Parenthood League Of Massachusetts2023 GRANT | Boston, MA | $3K | 2023 |
| Maba At Massachusetts Audubon2023 GRANT | Canton, MA | $3K | 2023 |
| Doctors Without Borders Usa2023 GRANT | Hagerstown, MD | $3K | 2023 |
| Pan Mass Challenge2023 GRANT | Needham, MA | $3K | 2023 |
| Buzzards Bay Coalition2023 GRANT | New Bedford, MA | $2K | 2023 |
| Museum Of Fine Arts Boston2023 GRANT | Boston, MA | $1K | 2023 |
| Milton Academy Development Office2023 GRANT | Milton, MA | $750 | 2023 |
| Southcoast Community Foundation2023 GRANT | New Bedford, MA | $500 | 2023 |
| Community Servings2023 GRANT | Jamaica Plain, MA | $500 | 2023 |
| Tunnels To Towers2023 GRANT | Staten Island, NY | $500 | 2023 |
| St Mark'S School2023 GRANT | Southborough, MA | $250 | 2023 |