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Filing year 2024

THE MUGAR FOUNDATION

Boston, Massachusetts·EIN 80-0638652·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$499k
Total assets
$9.7M
Total expenses
$861k
Reported officers
4

Reported officers (all unpaid)

No paid executives reported in 2024. THE MUGAR FOUNDATION reported 4 unpaid officers and board members on its 990-PF.

Invest. Committee Trustee
Trustee
Trustee
Trustee

Grants paid

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

Total granted

$848k

Itemized grants

15

Median grant

$31k

RecipientLocationPurposeAmount
CLARK UNIVERSITYWORCESTER, MAUNDERGRADUATE HONORS PROGRAM - YEAR 2 OF 4 YEAR $1,000,000 PLEDGE$250k
BELMONT HILL SCHOOLBELMONT, MAGIFT TO SILEN FAMILY AND MUGAR FAMILY SCHOLARSHIP FUND TO SUPPORT THE STUDENTS, FACULTY, AND STAFF OF THE SCHOOL.$100k
BELMONT HILL SCHOOLBELMONT, MALANDAU GALLERY FUND$100k
BOSTON 4 CELEBRATIONS FOUNDATION INCBOSTON, MAGIFT TO FUND FIREWORKS ON THE 4TH OF JULY AT SYMPHONY HALL$100k
DANA-FARBER CANCER INSTITUTEBROOKLINE, MADANA-FARBER CANCER INSTITUTE TO SUPPORT LUNG CANCER RESEARCH AND PATIENT CARE.$100k
TUFTS UNIVERSITYMEDFORD, MAGIFT DESIGNATED FOR THE BASEBALL STADIUM PROJECT TO SUPPORT THE CONSTRUCTION OF THE UNIVERSITY'S NEWSOL GITTLEMAN PARK.$50k
WATERTOWN BOYS AND GIRLS CLUBWATERTOWN, MAGIFT TO THE STEPHEN P. MUGAR MEMORIAL GOLF TOURNAMENT IN SUPPORT OF COMMUNITY YOUTH PROGRAMS.$40k
FIRST NIGHT BOSTON 2024BOSTON, MAGIFT TO FUND THE FAMILY FIREWORKS DISPLAY OVER BOSTON COMMON ON DECEMBER 31, 2024.$31k
BOSTON ARTS ACADEMY FOUNDATIONBOSTON, MAGIFT TO FUN STUDENT'S EDUCATION, HEALTH, SCHOLARSHIPS, AND ACADEMIC PROGRAMMING$25k
EPILEPSY FOUNDATION NEW ENGLANDLOWELL, MAGENERAL SUPPORT$25k
CYSTIC FIBROSIS FOUNDATIONBETHESDA, MDGENERAL GIFT TO SUPPORT PROGRESS IN THE TREATEMENT OF CYSTIC FIBROSIS$10k
ARMENIA TREE PROJECTWOBURN, MAGIFT TO SUPPORT THE PROJECT'S TREE PLANTING, WORK AND EDUCATION PROGRAMS.$5k
ASSOCIATION OF COTUIT MOQUITO YACHT CLUB INCCOTUIT, MAGIFT TO HELP FUND NONPROFIT$5k
BELMONT HILL SCHOOLBELMONT, MABELMONT DAY ANNUAL FUND$5k
FARM AIDCAMBRIDGE, MAGIFT TO SUPPORT THE FARM AID NETWORK OF FAMILY FARMERS AND RANCHERS AGRICULTURE PROGRAMS.$2k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE MUGAR FOUNDATION reported revenue and expenses across 3 filing years.

RevenueExpenses
$1k
$598k
2022
$10.5M
$910k
2023
$499k
$861k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Massachusetts

THE MUGAR FOUNDATION 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 THE MUGAR FOUNDATION

What are THE MUGAR FOUNDATION's revenue and expenses?

In 2024, THE MUGAR FOUNDATION reported $499k in total revenue and $861k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.