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Filing year 2024

HERB AND MAXINE JACOBS FOUNDATION INC

Boston, Massachusetts·EIN 46-2134297·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$1.7M
Total assets
$22M
Total expenses
$1.7M
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2024. HERB AND MAXINE JACOBS FOUNDATION INC reported 3 unpaid officers and board members on its 990-PF.

Pres, Sec & Dir.
Director
Vp, Treas. & Dir.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$1.4M

Itemized grants

12

Median grant

$110k

RecipientLocationPurposeAmount
BUNKER HILL COMMUNITY COLLEGE FOUNDAITONBOSTON, MAEXPANSION OF THE LEARN &$250k
NORTHEASTERN UNIVERSITYBOSTON, MAGENERAL$180k
TRUCKEE MEADOWS COMMUNITY COLLEGE FOUNDARENO, NEGENERAL$165k
MASSBAY FOUNDATIONFRAMINGHAM, MAINFORMATION TECHONOLOGY$150k
JEWISH FAMILY SERVICE OF METROWESTFRAMINGHAM, MAGENERAL$125k
HACK DIVERSITY INCBOSTON, MAGENERAL SUPPORT$95k
CAMBRIDGE COMMUNITY LEARNING CENTERCAMBRIDGE, MAGENERAL$62k
ALRAY TAYLOR SECONDCHANCEBOSTON, MAGENERAL$60k
CAMBRIDGE COMMUNITY FOUNDATIONCAMBRIDGE, MAGENERAL$25k
CIVIC HEART COMMUNITY SERVICESHOUSTON, TXGENERAL$25k
STEPS TO SUCCESSBROOKLINE, MAFOR STUDENT SUPPORT FUND$15k
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Financial trend

Revenue and expenses over time

HERB AND MAXINE JACOBS FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.5M
$1.6M
2023
$1.7M
$1.7M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Massachusetts

HERB AND MAXINE JACOBS FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Massachusetts earns a median of $17,596.

25th percentile
$5k
Median
$17,596
75th percentile
$66k
90th percentile
$171k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 925 organizations across 925 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Massachusetts →
FAQ

Common questions about HERB AND MAXINE JACOBS FOUNDATION INC

What are HERB AND MAXINE JACOBS FOUNDATION INC's revenue and expenses?

In 2024, HERB AND MAXINE JACOBS FOUNDATION INC reported $1.7M in total revenue and $1.7M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.