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Massachusetts · Nonprofit

NOBLE AND GREENOUGH SCHOOL

NOBLE AND GREENOUGH SCHOOL (Massachusetts) receives grants from 111 organizations whose IRS filings report $44,242,236 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($26,162,135). 76 of them have funded it in more than one year, and 87% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$65M
Funders on record
111
Grants received
$44M
Net assets
$325M
76/111 repeat funderspeak grant-dependency 13%
01What it does

What Noble and Greenough School does

Mission

Noble and Greenough School is a rigorous academic community dedicated to inspiring leadership for the public good. Through mentoring relationships, we motivate students to achieve their highest potential and to lead lives characterized by service to others. The nobles community: generates critical, creative, socially conscious thinkers; upholds a commitment to diversity; develops character and intellect in deliberate conjunction; cultivates purposeful citizenship on local, national and global levels; builds independence and self-respect through challenge and achievement; espouses humility, humor, collaboration, honesty and respect for others as the foundations of a vibrant intellectual community.

As stated on its FY2024 Form 990.

Programs

  1. Noble & greenough school: instructional activity to students from grade 7 to 12 - 634 students, 137 members of faculty. Financial aid is granted.

    $49,130,331 spentof which $8,182,304 as grants$39,889,593 earned by the program
    89% of program spending
  2. Nobles day camp: 8 week program for the greater boston community - 1,575 campers, 324 staff.

    $4,880,878 spent$5,029,043 earned by the program
    9% of program spending
  3. Achieve: a tuition-free educational program serving low-income middle school children from boston public schools, achieve provides academic and personal enrichment through a rigorous and engaging six-week summer program and ongoing academic year tutoring and support. Achieve seeks to increase students' academic skills, motivation, and self-confidence and put them on the path to college - 67 students, 26 members of faculty.

    $900,139 spent$23,131 earned by the program
    2% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $54,911,348.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($51M) Expenses 100 ($44M) Net assets 100 ($236M)2018 Revenue 107 ($54M) Expenses 108 ($48M) Net assets 106 ($248M)2019 Revenue 104 ($53M) Expenses 113 ($50M) Net assets 107 ($251M)2020 Revenue 91 ($46M) Expenses 111 ($49M) Net assets 111 ($261M)2021 Revenue 109 ($55M) Expenses 124 ($55M) Net assets 127 ($300M)2022 Revenue 125 ($63M) Expenses 127 ($56M) Net assets 115 ($271M)2023 Revenue 116 ($59M) Expenses 132 ($58M) Net assets 123 ($289M)2024 Revenue 129 ($65M) Expenses 137 ($60M) Net assets 138 ($325M)
'17'18'19'20'21'22'23'24
Revenue (129)Expenses (137)Net assets (138)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $302M to $357M (+18%).

$281M
$293M
$296M
$302M
$357M
$328M
$347M
$386M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

21% of NOBLE AND GREENOUGH SCHOOL’s revenue is contributions — about as donation-reliant as the typical peer (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.

$6.8M
’17
$6.8M
’18
$3.3M
’19
−$2.7M
’20
$790k
’21
$7.3M
’22
$566k
’23
$5.2M
’24
6.1
months of
reserve

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.

'17'18'19'20'21'22'23'24
Listed3838373734373736
Joined·+6+4+5+2+6+7+7
No longer listed·6555378
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 29 funders to 51 funders, grant income rose $3.8M → $5.4M.

28 of 111 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 87% 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 NOBLE AND GREENOUGH SCHOOL’s funders (the co-funder graph). Top 30 of 111 funders by total. 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

NOBLE AND GREENOUGH SCHOOL leans on a few funders — its largest provides 59% of grant income and the top three 74%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

88% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NOBLE AND GREENOUGH SCHOOL.

59%
largest funder
74%
top three
~3
effective funders

Largest funder’s share by year: 2017 68% · 2018 63% · 2019 53% · 2020 50% · 2021 54% · 2022 53% · 2023 74% — 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.

How long its funders stay

59% of NOBLE AND GREENOUGH SCHOOL's funders are still giving 3 years after their first grant; 68% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

87% of NOBLE AND GREENOUGH SCHOOL's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $5.9M that is directly attributable, 59% of it comes from funders outside Massachusetts, across 17 states.

ME
VT
NH
WA
IL
NY
MA
OH
PA
NJ
CT
RI
VA
DE
KS
NC
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Massachusetts out of state home

Funder states come from each funder’s own filing. $38M arriving through sponsors registered in 17 states 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.

04Its place in the field

Against its field

NOBLE AND GREENOUGH SCHOOL runs a healthier operating margin than half of the 4,065 education nonprofits its size.

Operating margin8% · above the median
Months of reserve6.1mo · above the median
Revenue growth (annualized)4% · below the median

this organization peer median middle 50% of peers· 4,065 education nonprofits $10M–$100M, FY2024

Government funding NOBLE AND GREENOUGH SCHOOL receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $4k on record.

State$4k
Top programs
  • (NN) INFRASTRUCTURE:$4k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like NOBLE AND GREENOUGH SCHOOL

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

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

85% of spending goes to programs.

Program 85%Management 9%Fundraising 6%

Governance

22
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention–Board reviewed the 990✓Audited financials

Public support

79%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MA

Part of a family of 3 related entities

  • Pooled Income Funds (2) · corp_trust
  • Unitrusts (5) · corp_trust
  • Charitable Remainder Unitrusts (3) · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for NOBLE AND GREENOUGH SCHOOL: 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.

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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 NOBLE AND GREENOUGH SCHOOL?
NOBLE AND GREENOUGH SCHOOL (Massachusetts) receives grants from 111 organizations whose IRS filings report $44,242,236 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($26,162,135). 76 of them have funded it in more than one year, and 87% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does NOBLE AND GREENOUGH SCHOOL have?
IRS filings report 111 organizations giving $44,242,236 in grants to NOBLE AND GREENOUGH SCHOOL, 76 of which have funded it in more than one year.
Who is the largest funder of NOBLE AND GREENOUGH SCHOOL?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $26,162,135 in grants. The full list of funders is on this page.
How can an organization like NOBLE AND GREENOUGH SCHOOL 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.

Play a game about who funds Noble and Greenough School →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 111 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 22, 2026. What this page cannot tell you · view filing