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Form 990-PFTax year 2025EIN 81-0865242

Brace Cove Foundation Inc

A private foundation in Gloucester, MA. Its return for tax year 2025 lists 17 grants and $148,500 paid in grants.

See which foundations fund work like yours Matching by cause, place and grant size

Tax year 2025 (period ending Dec 31, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

7 returns on file
Grants paid by tax year. The latest year is in blue.

  • Tax year 2025

    $148,500

    Grants listed
    17
    Assets, end of year
    $3,857,640

  • Tax year 2024

    $192,000

    Grants listed
    16
    Assets, end of year
    $2,397,429

  • Tax year 2023

    $191,000

    Grants listed
    12
    Assets, end of year
    $2,385,673

  • Tax year 2022

    $227,015

    Grants listed
    18
    Assets, end of year
    $2,363,600

  • Tax year 2021

    $117,825

    Grants listed
    8
    Assets, end of year
    $2,582,228

  • Tax year 2020

    $119,000

    Grants listed
    15
    Assets, end of year
    $2,646,818

  • Tax year 2019

    $186,675

    Grants listed
    27
    Assets, end of year
    $2,786,021

Grants paid in 2025

17 grants, largest first

As listed on the return.

  1. Gloucester Music WorksGloucester, MA

    For donee's exempt purpose

    $126,000
  2. Lifebridge North Shore (grace Center)Salem, MA

    For donee's exempt purpose

    $5,000
  3. Three Sisters Garden Project IncIpswich, MA

    For donee's exempt purpose

    $5,000
  4. Backyard Growers IncGloucester, MA

    For donee's exempt purpose

    $1,000
  5. Better Together for Cape Ann IncGloucester, MA

    For donee's exempt purpose

    $1,000
  6. Cape Ann Plein Air IncEssex, MA

    For donee's exempt purpose

    $1,000
  7. Gloucester Fraternity Club IncGloucester, MA

    For donee's exempt purpose

    $1,000
  8. Kinship Farm CorporationHamilton, MA

    For donee's exempt purpose

    $1,000
  9. Lanes Coven Theater Company IncGloucester, MA

    For donee's exempt purpose

    $1,000
  10. Magnolia Library Center IncGloucester, MA

    For donee's exempt purpose

    $1,000
  11. NAMI Cape AnnGloucester, MA

    For donee's exempt purpose

    $1,000
  12. Portsmouth Music and Arts Center IncPortsmouth, NH

    For donee's exempt purpose

    $1,000
  13. Rockport Exchange CorporationRockport, MA

    For donee's exempt purpose

    $1,000
  14. Winchester Community Music School TrustWinchester, MA

    For donee's exempt purpose

    $1,000
  15. Jonathan Bayliss Society IncGloucester, MA

    For donee's exempt purpose

    $500
  16. Manship Artists ResidencyGloucester, MA

    For donee's exempt purpose

    $500
  17. Rocky Neck Art Colony IncGloucester, MA

    For donee's exempt purpose

    $500

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Arts and culture6 grants $130,50094% of the total
  2. Food and agriculture2 grants $6,0004% of the total
  3. Education1 grant $1,000<1% of the total
  4. Mental health1 grant $1,000<1% of the total
  5. Sports and recreation1 grant $1,000<1% of the total

By State

Grants to organizations with a US address, latest year.

  1. Massachusetts16 grants $147,500
  2. New Hampshire1 grant $1,000

Officers, directors and trustees

3 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Walter HerlihyDIRECTOR Hours 1Pay $0
  • Nancy LegendreDIRECTOR Hours 1Pay $0
  • Lianna SoursMANAGER OF OPERATIONS Hours 20Pay $37,802

The return

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  1. Caldwell FoundationGloucester, MA 12 grants Preselected only $156,000 giving
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  4. Edward and Barbara Urban FoundationBoston, MA 4 grants Accepts applications $149,000 giving
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