Massachusetts · Nonprofit
FOUNDATION FOR BUSINESS EQUITY INC
FOUNDATION FOR BUSINESS EQUITY INC (Massachusetts) receives grants from 13 organizations whose IRS filings report $6,017,800 to it, the largest being EASTERN BANK FOUNDATION ($4,892,125). 4 of them have funded it in more than one year.
- Revenue FY2022
- $2.6M
- Funders on record
- 13
- Grants received
- $6.0M
- Net assets
- $0
What Foundation for Business Equity Inc does
Programs
Disbursements to partners-the foundation will match strategic advisors to the enterprises of color to help them grow. The strategic advisors will co-create effective growth strategies and then partner directly with the participating enterprises to help execute/operationalize the strategy. The foundation will subsidize 80% to 90% of the cost.in 2022 $500,448 was disbursed under this program and $76,648 was reimbursed to the foundation by participating enterprises.
$423,800 spentTransformative development - the foundation will leverage philanthropic dollars and deep community relations in communities that are feeling the pressure of displacement and gentrification. The foundation seeks to conduct development that authentically works with community residents and ensures that those who are typically not at the development/design table to be at the table and participate in the future design/development of their neighborhood. The foundation will identify communities at early stages of feeling the pressures of gentrification and displacement and help to strengthen and develop community anchor institutions. The focus is on supporting leadership to actualize transformative development that in turn influences further development in the particular community.
$120,000 spentResponse team in may of 2021, fbe placed additional focus on supporting communities of color with the intention of stabilizing and mitigating risks as a result of the covid-19 pandemic. Business owners were to receive approximately 150 hours over six months of best-in-class and in-depth support with managing their business from a strategic support team (including specialists, as needed). Fbe continues to rely on its deep relationships with strategic advisors to help companies weather the storm. These tools include cash deployments, affordable and patient loans, and sound advice. Fbe pivoted their model to directly address the crisis by deploying response strategy teams with expertise in turn-around situations, setting up a covid-19 emergency fund, collaborating with capital partners on loan payment deferments & repurposing of capital for relief, and continuing to serve as a clearinghouse on resources for local, state & federal support services and tools.
$86,606 spent
The 3 programs described on its FY2022 Form 990-PF.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $1.0M to $4.7M (+366%).
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2020 → 2022: the base narrowed from 8 funders to 3 funders, grant income fell $2.9M → $1.1M.
2 of 13 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 5% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of FOUNDATION FOR BUSINESS EQUITY INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
FOUNDATION FOR BUSINESS EQUITY INC leans on a few funders — its largest provides 81% of grant income and the top three 91%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2020 87% · 2021 66% · 2022 95% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
93% of FOUNDATION FOR BUSINESS EQUITY INC's grant income comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $275k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Organizations like FOUNDATION FOR BUSINESS EQUITY INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Screen this organization
A dated, signed PDF of the compliance screen for FOUNDATION FOR BUSINESS EQUITY INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FOUNDATION FOR BUSINESS EQUITY INC?
- FOUNDATION FOR BUSINESS EQUITY INC (Massachusetts) receives grants from 13 organizations whose IRS filings report $6,017,800 to it, the largest being EASTERN BANK FOUNDATION ($4,892,125). 4 of them have funded it in more than one year.
- How many funders does FOUNDATION FOR BUSINESS EQUITY INC have?
- IRS filings report 13 organizations giving $6,017,800 in grants to FOUNDATION FOR BUSINESS EQUITY INC, 4 of which have funded it in more than one year.
- Who is the largest funder of FOUNDATION FOR BUSINESS EQUITY INC?
- EASTERN BANK FOUNDATION is the largest funder on record, with $4,892,125 in grants. The full list of funders is on this page.
- How can an organization like FOUNDATION FOR BUSINESS EQUITY INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2022 (financials across 2018–2022), and the filings of 13 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing