Civic Intelligence

Legacy Fund for Boston Inc.

EIN 92-0856043 • 501(c)3 • Boston, MA

Pub. 78 EligibleNTEE A82

Profile

The legacy fund for boston is a public charity which supports the endurance of places and spaces that are meaningful to bostonians and the historic character of the entire city of boston.

75 State St 16th FloorBoston, MA 02109

hembar.com/THE-LEGACY-FUND-FOR-BOSTON

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$2,330,870

Up $17,483 (+0.8%) from 2023

Liabilities

Up

$27,105

Up $23,105 (+578%) from 2023

Net Assets

Down

$2,303,765

Down $5,622 (-0.2%) from 2023

Operations

Revenue

Down

$70,401

Down $2,276,227 (-97%) from 2023

Expenses

Up

$84,354

Up $47,791 (+131%) from 2023

Net Income

Down

-$13,953

Down $2,324,018 (-101%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2023: $2,313,387Liabilities 2023: $4,000Net Assets 2023: $2,309,3872023Assets 2024: $2,330,870Liabilities 2024: $27,105Net Assets 2024: $2,303,7652024

Highlighted filing

2024

Assets$2,330,870
Liabilities$27,105
Net Assets$2,303,765

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2023: $2,346,628Expenses 2023: $36,563Net Income 2023: $2,310,0652023Revenue 2024: $70,401Expenses 2024: $84,354Net Income 2024: -$13,9532024

Highlighted filing

2024

Revenue$70,401
Expenses$84,354
Net Income-$13,953

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$70,401
Mission and Program Overview

Mission

The legacy fund for boston is a public charity which supports the endurance of places and spaces that are meaningful to bostonians and the historic character of the entire city of boston.

Works to enhance and preserve the physical appearance, community and neighborhood diversity, and cultural aspects of the city of boston.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,233,532$1,138,294▼ $95,238
Investments in Publicly Traded Securities$980,872$1,096,896▲ $116,024
Savings and Temporary Cash Investments$98,983$95,680▼ $3,303
Total Assets$2,313,387$2,330,870▲ $17,483
Liabilities
Accounts Payable and Accrued Expenses$4,000$27,105▲ $23,105
Total Liabilities$4,000$27,105▲ $23,105
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,100,855$1,190,471▲ $89,616
Net Assets With Donor Restrictions$1,208,532$1,113,294▼ $95,238
Total Net Assets Fund Balance$2,309,387$2,303,765▼ $5,622
Total Liabilities and Net Assets / Fund Balance$2,313,387$2,330,870▲ $17,483
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$29,762
Program Service Revenue
$0
Investment Income
$40,639
Other Revenue
$0
All Other Contributions
$29,762
Change in Net Assets
$-13,953
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$84,354
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$47,762-$47,762
Fees for Services Accounting-$35,842-$35,842
Other Expenses-$750-$750
Total Functional Expenses$0$84,354$0$84,354
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization delegated accounting to cliftonlarsonallen llp.

Form 990, Part VI, Section A, Line 6

The fund's bylaws require members of the corporation to be organizations described in section 509(a)(1) or (2) of the internal revenue code of 1986, as amended from time to time, or in the corresponding provisions of any subsequent federal tax laws, that work to enhance and preserve the physical appearance, sense of community and space, and cultural aspects of the city of boston, through historic preservation and otherwise.

Form 990, Part VI, Section A, Line 7A

Per the fund's bylaws, the fund has organizational members, those members have the power to appoint directors constituting a majority of the fund's board of directors. Each such member must appoint one and may appoint two directors; it may remove those directors but if it removes both, it must fill at least one of the vacanies.

Form 990, Part VI, Section A, Line 7B

See response to part vi, line 7a.

Form 990, Part VI, Section B, Line 11B

The form 990 was circulated to the organization's officers for their review before it was filed.

Form 990, Part VI, Section B, Line 12C

The organization has a conflict of interest policy that requires directors, principal officers and members of committees with board-delegated powers to disclose financial interests annually and whenever they arise and requires them to recuse themselves from discussion and votes on transactions or arrangements involving those interests. Officers and directors will be required to sign the disclosure forms annually (at or in connection with the annual meeting) and reminded then of their duty to disclose should any financial interests arise during the year and to recuse themselves from discussions and votes involving those interests.

Form 990, Part VI, Section C, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Legacy Fund for Boston Inc
EIN
92-0856043
Phone
8778295500
Address
75 STATE ST 16TH FLOOR, BOSTON, MA 02109

Signing Officer

Name
Carissa Demore
Title
President
Phone
8778295500
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carissa Demore
Formed
2022
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Livingston & Haynes Pc
Address
40 GROVE STREET, WELLESLEY, MA 02482-7711
Preparer
Wendi Haynes
Phone
7812373339
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IRS990/MissionDesc0THE LEGACY FUND FOR BOSTON IS A PUBLIC CHARITY WHICH SUPPORTS THE ENDURANCE OF PLACES AND SPACES THAT ARE MEANINGFUL TO BOSTONIANS AND THE HISTORIC CHARACTER OF THE ENTIRE CITY OF BOSTON.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0AS PERMITTED BY TREAS. REG. SECTION 1.509(A)-4(D), THE FUND'S ARTICLES OF ORGANIZATION DESIGNATE THE FUND'S SUPPORTED ORGANIZATIONS BY CLASS OR PURPOSE RATHER THAN NAME - I.E., ORGANIZATIONS DESCRIBED IN SECTIONS 509(A)(1) OR 509(A)(2) OF THE CODE THAT WORK TO ENHANCE AND PRESERVE THE PHYSICAL APPEARANCE, COMMUNITY AND NEIGHBORHOOD DIVERSITY, AND CULTURAL ASPECTS OF THE CITY OF BOSTON THROUGH GRANTS AND PROGRAMS RELATED TO HISTORIC PRESERVATION AND THE STRENGTHENING OF COMMUNITY AND CITY-WIDE SINEWS. BECAUSE THERE ARE MANY SUCH ORGANIZATIONS AND THEIR EXACT NUMBER CANNOT EASILY BE ASCERTAINED, THE FUND HAS NOT ATTEMPTED TO LIST THEM ALL ON SCHEDULE A, PART I, LINE 12G, HOWEVER, THE FUND HAS LISTED THOSE SUPPORTED ORGANIZATIONS THAT ARE ITS CORPORATE MEMBERS. BECAUSE THE FUND HAS BEEN IN A START-UP PHASE TO DATE, IT HAS NOT YET MADE GRANTS TO ANY SUPPORTED ORGANIZATIONS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV SECTION A QUESTION 1
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BOSTON PRESERVATION ALLIANCE INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1SOCIETY FOR THE PRESERVATION OF NEW ENGLAND ANTIQUITIES INC
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED ACCOUNTING TO CLIFTONLARSONALLEN LLP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUND'S BYLAWS REQUIRE MEMBERS OF THE CORPORATION TO BE ORGANIZATIONS DESCRIBED IN SECTION 509(A)(1) OR (2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED FROM TIME TO TIME, OR IN THE CORRESPONDING PROVISIONS OF ANY SUBSEQUENT FEDERAL TAX LAWS, THAT WORK TO ENHANCE AND PRESERVE THE PHYSICAL APPEARANCE, SENSE OF COMMUNITY AND SPACE, AND CULTURAL ASPECTS OF THE CITY OF BOSTON, THROUGH HISTORIC PRESERVATION AND OTHERWISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PER THE FUND'S BYLAWS, THE FUND HAS ORGANIZATIONAL MEMBERS, THOSE MEMBERS HAVE THE POWER TO APPOINT DIRECTORS CONSTITUTING A MAJORITY OF THE FUND'S BOARD OF DIRECTORS. EACH SUCH MEMBER MUST APPOINT ONE AND MAY APPOINT TWO DIRECTORS; IT MAY REMOVE THOSE DIRECTORS BUT IF IT REMOVES BOTH, IT MUST FILL AT LEAST ONE OF THE VACANIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SEE RESPONSE TO PART VI, LINE 7A.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 WAS CIRCULATED TO THE ORGANIZATION'S OFFICERS FOR THEIR REVIEW BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT REQUIRES DIRECTORS, PRINCIPAL OFFICERS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS TO DISCLOSE FINANCIAL INTERESTS ANNUALLY AND WHENEVER THEY ARISE AND REQUIRES THEM TO RECUSE THEMSELVES FROM DISCUSSION AND VOTES ON TRANSACTIONS OR ARRANGEMENTS INVOLVING THOSE INTERESTS. OFFICERS AND DIRECTORS WILL BE REQUIRED TO SIGN THE DISCLOSURE FORMS ANNUALLY (AT OR IN CONNECTION WITH THE ANNUAL MEETING) AND REMINDED THEN OF THEIR DUTY TO DISCLOSE SHOULD ANY FINANCIAL INTERESTS ARISE DURING THE YEAR AND TO RECUSE THEMSELVES FROM DISCUSSIONS AND VOTES INVOLVING THOSE INTERESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0993001690
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0CHARITABLE GRANTMAKING FOR HISTORIC PRESERVATION IN BOSTON
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0LEGACY FUND FOR BOSTON LLC (CO HEMENWAY & BARNES LLP)
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt075 STATE ST 16TH FLOOR
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0BOSTON
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd002109
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BOSTON PRESERVATION ALLIANCE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1SOCIETY FOR THE PRESERVATION OF NEW ENGLAND ANTIQUITIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2MUSEUM OF FINE ARTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042748390
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1042104937
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2042103607
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ADVOCACY FOR THE PRESERVATION OF UNIQUELY BUILT ENVIRONMENT OF BOSTON MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SAVES AND SHARE NEW ENGLAND'S PAST TO ENGAGE AND INFORM THE PRESENT/FUTURE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2HOUSES AND PRESERVES PREEMINENT COLLECTIONS OF ART
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt087 MT VERNON ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1141 CAMBRIDGE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2465 HUNTINGTON AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002108
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd102114
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd202115
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02313387
IRS990/TotalAssetsEOYAmt02330870
IRS990/TotalAssetsGrp/BOYAmt02313387
IRS990/TotalAssetsGrp/EOYAmt02330870
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt029762
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt084354
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt084354
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04000
IRS990/TotalLiabilitiesEOYAmt027105
IRS990/TotalLiabilitiesGrp/BOYAmt04000
IRS990/TotalLiabilitiesGrp/EOYAmt027105
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02309387
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02303765
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt040639
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt070401
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02313387
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02330870
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt057 WHITTIER STREET
IRS990/USAddress/CityNm0MELROSE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002176
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HEMBAR.COM/THE-LEGACY-FUND-FOR-BOSTON
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CARISSA DEMORE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT

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