Public Charity

THE FAB FOUNDATION

THE FAB FOUNDATION, of BOSTON, MA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $6.5M in revenue, $5.4M in expenses, $4.4M in total assets. 13 publicly reported grants to this organization, totaling roughly $1.6M, appear in IRS filings.

EIN: 264836002 BOSTON, MA Latest filing: 2024
Total Revenue$6.5M
Total Expenses$5.4M
Total Assets$4.4M
Grant Records13
Funding Total$1.6M
Filing Years2019–2024

Mission

THE FAB FOUNDATION WAS FORMED FEBRUARY 6, 2009 TO FACILITATE AND SUPPORT THE GROWTH OF THE INTERNATIONAL FAB LAB NETWORK. THE FAB FOUNDATION IS A US NON-PROFIT 501(C)(3) ORGANIZATION EMERGING FROM THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY'S CENTER FOR BITS & ATOMS' (CBA) INTERNATIONAL FAB LAB OUTREACH PROGRAM. OUR MISSION IS TO PROVIDE ACCESS TO THE TOOLS, THE KNOWLEDGE AND THE FINANCIAL MEANS TO EDUCATE, INNOVATE AND INVENT USING TECHNOLOGY AND DIGITAL FABRICATION TO ALLOW ANYONE TO MAKE (ALMOST) ANYTHING, AND THEREBY CREATING OPPORTUNITIES TO IMPROVE LIVES AND LIVELIHOODS AROUND THE WORLD. COMMUNITY ORGANIZATIONS, EDUCATIONAL INSTITUTIONS AND NON-PROFIT CONCERNS ARE OUR PRIMARY BENEFICIARIES.

Sample Grants Received

FIDELITY INVESTMENTS CHARITABLE GIFT FUND
2024
For grant recipient's exempt purposes
$28,000
MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC
2024
UNRESTRICTED GENERAL SUPPORT
$5,000
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
2022
For grant recipient's exempt purposes
$50,000
EQUITY IN THE ARTS FUND
2022
SEE OUR LIGHT
$15,000
IN OUR BACKYARDS INC
2022
TO PROVIDE FUNDING FOR YOUTH MAKER CORP
$5,222

Showing up to 5 of 13 total records — full history available with membership.

Officers & Directors

DIRECTOR Blair Evans
SECRETARY/DIRECTOR Katie Rast
VICE PRESIDENT/COO Luciano Betoldi
TREASURER/DIRECTOR Marie Planchard
CHAIRMAN/DIRECTOR/CONSULTANT Neil Gershenfeld
PRESIDENT/DIRECTOR Sherry Lassiter

Officer compensation and complete director data available with membership.

Top Grant Purposes

For grant recipient's exempt purposes
$791,000 5 grants
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
$500,000 1 grant
Operating Support/Annual Fund
$162,620 1 grant
PUBLIC, SOCIETAL BENEFIT
$100,000 1 grant
SEE OUR LIGHT
$15,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $6.5M $5.4M $4.4M
2023 $2.2M $3.2M $1.6M
2022 $2.6M $3.7M $3.5M
2020 $4.4M $4.4M $3.6M
2019 $3.6M $3.9M $3.3M

Between 2019 and 2024, reported annual revenue grew from $3.6M to $6.5M (+80%), with total assets most recently reported at $4.4M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for THE FAB FOUNDATION

Complete financials, all 13 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 498,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports
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