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Massachusetts · Nonprofit

THE ROXBURY LATIN SCHOOL

THE ROXBURY LATIN SCHOOL (Massachusetts) receives grants from 78 organizations whose IRS filings report $28,784,280 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($13,806,729). 58 of them have funded it in more than one year, and 75% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$26M
Funders on record
78
Grants received
$29M
Net assets
$301M
58/78 repeat funderspeak grant-dependency 20%
01What it does

What The Roxbury Latin School does

Mission

To provide secondary education to boys in grades 7-12.

As stated on its FY2025 Form 990.

Program

  1. To provide secondary education to boys in grades 7-12.

    $22,281,763 spentof which $3,292,395 as grants$13,028,268 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $22,281,763.

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 ($19M) Expenses 100 ($18M) Net assets 100 ($206M)2018 Revenue 106 ($21M) Expenses 105 ($19M) Net assets 103 ($213M)2019 Revenue 76 ($15M) Expenses 108 ($20M) Net assets 103 ($212M)2020 Revenue 103 ($20M) Expenses 105 ($19M) Net assets 105 ($217M)2021 Revenue 115 ($22M) Expenses 115 ($21M) Net assets 130 ($267M)2022 Revenue 159 ($31M) Expenses 132 ($24M) Net assets 120 ($249M)2023 Revenue 152 ($30M) Expenses 136 ($25M) Net assets 127 ($261M)2024 Revenue 163 ($32M) Expenses 148 ($27M) Net assets 137 ($284M)2025 Revenue 133 ($26M) Expenses 151 ($27M) Net assets 146 ($301M)
'17'18'19'20'21'22'23'24'25
Revenue (133)Expenses (151)Net assets (146)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 $249M to $300M (+21%).

$245M
$251M
$249M
$249M
$300M
$280M
$292M
$314M
$331M
'17'18'19'20'21'22'23'24'25
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
2025
ContributionsProgram revenueInvestmentOther

36% of THE ROXBURY LATIN SCHOOL’s revenue is contributions — more donation-reliant than 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. 2 of the last 9 reported years ran a deficit.

$1.4M
’17
$1.6M
’18
−$4.8M
’19
$1.1M
’20
$1.5M
’21
$7.1M
’22
$5.0M
’23
$4.9M
’24
−$1.6M
’25
3.5
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.

Board chair

Michael J Giarla

Chairman

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed353635383833333136
Joined·+7+4+4+5+8+12+5+6
No longer listed·6515131271
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 20 funders to 47 funders, grant income rose $1.6M → $2.7M.

24 of 78 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 75% 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 THE ROXBURY LATIN SCHOOL’s funders (the co-funder graph). Top 30 of 78 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

THE ROXBURY LATIN SCHOOL leans on a few funders — its largest provides 48% of grant income and the top three 62%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

75% 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 THE ROXBURY LATIN SCHOOL.

48%
largest funder
62%
top three
~4
effective funders

Largest funder’s share by year: 2017 60% · 2018 63% · 2019 40% · 2020 49% · 2021 35% · 2022 52% · 2023 37% — diversifying over time.

“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

70% of THE ROXBURY LATIN SCHOOL's funders are still giving 3 years after their first grant; 74% 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

75% of THE ROXBURY LATIN 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 $7.3M that is directly attributable, 55% of it comes from Massachusetts funders.

IL
NY
MA
IN
OH
PA
NJ
CT
RI
CA
MD
DE
NC
DC
GA
TX
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. $21M arriving through sponsors registered in 12 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

THE ROXBURY LATIN SCHOOL is better cushioned than half of the 3,794 education nonprofits its size.

Operating margin−6% · bottom quartile
Months of reserve3.5mo · above the median
Revenue growth (annualized)4% · below the median

this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025

Organizations like THE ROXBURY LATIN 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

81% of spending goes to programs.

Program 81%Management 12%Fundraising 7%

Governance

26
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

MA

Screen this organization

A dated, signed PDF of the compliance screen for THE ROXBURY LATIN 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 THE ROXBURY LATIN SCHOOL?
THE ROXBURY LATIN SCHOOL (Massachusetts) receives grants from 78 organizations whose IRS filings report $28,784,280 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($13,806,729). 58 of them have funded it in more than one year, and 75% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does THE ROXBURY LATIN SCHOOL have?
IRS filings report 78 organizations giving $28,784,280 in grants to THE ROXBURY LATIN SCHOOL, 58 of which have funded it in more than one year.
Who is the largest funder of THE ROXBURY LATIN SCHOOL?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $13,806,729 in grants. The full list of funders is on this page.
How can an organization like THE ROXBURY LATIN 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 Roxbury Latin School →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 78 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