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Massachusetts · Nonprofit

TRUSTEES OF THE COLLEGE OF THE HOLY CROSS

TRUSTEES OF THE COLLEGE OF THE HOLY CROSS (Massachusetts) receives grants from 330 organizations whose IRS filings report $101,933,651 to it, the largest being THE DONALD P AND MARY E MORIARTY CHARITABLE FOUNDATION ($17,800,000). 212 of them have funded it in more than one year.

Revenue FY2025
$367M
Funders on record
330
Grants received
$102M
Net assets
$1.5B
212/330 repeat funderspeak grant-dependency 6%
01What it does

What Trustees of the College of the Holy Cross does

Mission

College of the holy cross is a private, jesuit, catholic, liberal arts college (see schedule o).

As stated on its FY2025 Form 990.

Programs

  1. The primary program is undergraduate instruction in the liberal arts that leads to a bachelor of arts degree. The curriculum includes programs in the arts, sciences, social sciences, and humanities. See detail on schedule o.

    $299,793,776 spentof which $85,281,367 as grants$273,536,320 earned by the program
    100% of program spending
  2. Basic research in chemistry, physics, psychology, and biology, funded by private and public grants.

    $1,242,028 spentof which $30,238 as grants$1,221,245 earned by the program
    0% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $301,035,804.

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 ($256M) Expenses 100 ($230M) Net assets 100 ($955M)2018 Revenue 111 ($284M) Expenses 107 ($245M) Net assets 107 ($1.0B)2019 Revenue 104 ($266M) Expenses 113 ($259M) Net assets 109 ($1.0B)2020 Revenue 104 ($265M) Expenses 114 ($261M) Net assets 107 ($1.0B)2021 Revenue 153 ($391M) Expenses 106 ($243M) Net assets 138 ($1.3B)2022 Revenue 138 ($354M) Expenses 134 ($307M) Net assets 133 ($1.3B)2023 Revenue 120 ($308M) Expenses 138 ($317M) Net assets 138 ($1.3B)2024 Revenue 137 ($351M) Expenses 140 ($322M) Net assets 146 ($1.4B)2025 Revenue 144 ($367M) Expenses 156 ($358M) Net assets 158 ($1.5B)
'17'18'19'20'21'22'23'24'25
Revenue (144)Expenses (156)Net assets (158)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 $1.3B to $1.6B (+23%).

$1.2B
$1.2B
$1.3B
$1.3B
$1.6B
$1.6B
$1.6B
$1.7B
$1.8B
'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

Government-grant reliance: 2020 1% · 2021 1% · 2022 4% · 2023 2% · 2024 1% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.

13% of TRUSTEES OF THE COLLEGE OF THE HOLY CROSS’s revenue is contributions — about as donation-reliant as the typical peer (14% for the typical peer).

This organization
Typical peer · 732 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

$26M
’17
$39M
’18
$6.9M
’19
$3.9M
’20
$147M
’21
$46M
’22
−$9.0M
’23
$29M
’24
$9.4M
’25
2.1
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.

Board chair

Helen W Boucher Md

Trustee/chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed545457595557514847
Joined·+8+9+11+10+14+7+11+10
No longer listed·8691412131411
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 82 funders to 137 funders, grant income rose $8.8M → $13M.

49 of 330 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 42% 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 TRUSTEES OF THE COLLEGE OF THE HOLY CROSS’s funders (the co-funder graph). Top 30 of 330 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

TRUSTEES OF THE COLLEGE OF THE HOLY CROSS has a broad base — no single funder exceeds 17% of grant income, and it takes 4 funders to reach half.

the vertical line marks half of all grant income — 4 funders to its left

52% 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 TRUSTEES OF THE COLLEGE OF THE HOLY CROSS.

17%
largest funder
46%
top three
~12
effective funders

Largest funder’s share by year: 2017 28% · 2018 32% · 2019 32% · 2020 30% · 2021 24% · 2022 18% · 2023 21% — 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

51% of TRUSTEES OF THE COLLEGE OF THE HOLY CROSS's funders are still giving 3 years after their first grant; 64% 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

TRUSTEES OF THE COLLEGE OF THE HOLY CROSS draws 89% of its grant income from funders outside Massachusetts, across 34 states in all.

ME
NH
WA
MN
IL
WI
MI
NY
MA
OR
NV
IA
IN
OH
PA
NJ
CT
RI
CA
CO
NE
MO
VA
MD
DE
AZ
TN
NC
SC
DC
OK
LA
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. $43M arriving through sponsors registered in 22 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

TRUSTEES OF THE COLLEGE OF THE HOLY CROSS is better cushioned than half of the 684 education nonprofits its size.

Operating margin3% · below the median
Months of reserve2.1mo · above the median
Revenue growth (annualized)5% · below the median

this organization peer median middle 50% of peers· 684 education nonprofits over $100M, FY2025

Organizations like TRUSTEES OF THE COLLEGE OF THE HOLY CROSS

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

84% of spending goes to programs.

Program 84%Management 13%Fundraising 3%

Governance

34
board members
94%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

80%

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

Footprint & structure

Files a return copy in 3 states

NH
MA
CA

Part of a family of 4 related entities

  • Quinsigamond Village LLC · disregarded
  • Atomium LLC · disregarded
  • Madison Brussels LLC · disregarded
  • Charitable Remainder Trusts (8) · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for TRUSTEES OF THE COLLEGE OF THE HOLY CROSS: 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 TRUSTEES OF THE COLLEGE OF THE HOLY CROSS?
TRUSTEES OF THE COLLEGE OF THE HOLY CROSS (Massachusetts) receives grants from 330 organizations whose IRS filings report $101,933,651 to it, the largest being THE DONALD P AND MARY E MORIARTY CHARITABLE FOUNDATION ($17,800,000). 212 of them have funded it in more than one year.
How many funders does TRUSTEES OF THE COLLEGE OF THE HOLY CROSS have?
IRS filings report 330 organizations giving $101,933,651 in grants to TRUSTEES OF THE COLLEGE OF THE HOLY CROSS, 212 of which have funded it in more than one year.
Who is the largest funder of TRUSTEES OF THE COLLEGE OF THE HOLY CROSS?
THE DONALD P AND MARY E MORIARTY CHARITABLE FOUNDATION is the largest funder on record, with $17,800,000 in grants. The full list of funders is on this page.
How can an organization like TRUSTEES OF THE COLLEGE OF THE HOLY CROSS 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 FY2025 (financials across 2017–2025), and the filings of 330 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