Wellington Management Foundation

Analysis

Wellington Management Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wellington Management Foundation reported income of $7.5m and spending of $8.4m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.5m to $7.5m (-34%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wellington Management Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Jewish Federation of Columbus ($7.5m), Skillsource Group Inc ($7.6m) and Lehigh Valley Workforce Investment Board ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $47.4m against liabilities of $6.8m, net assets of $40.6m.