Skip to main contenteewbuzyyffcddfycee

The Highland Street Connection

Profile

Last Updated: 2016-05-11

At A Glance

The Highland Street Connection

(doing business as The Highland Street Foundation)

Three Newton Executive Park, Ste. 104, 2223 Washington St.

Newton, MA United States 02462-1417

Telephone: (617) 969-8900

URL: www.highlandstreet.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $199,129,604

Total giving: $12,330,699

EIN

043048298

BRIDGE Number

1926676058

Background

Established in 1989 in MA - The Highland Street Connection was established by David J. McGrath Jr., the founder and owner of TAD Resources International, Inc. After David's death, the foundation received the majority of its current endowment. In his lifetime, David and JoAnn, contributed to a great number of charitable causes. Today, JoAnn and their five children, serve as the Highland Street board, and continue the traditions that she started with David.

Purpose and Activities

The Highland Street Foundation is a family foundation currently awarding grants to nonprofit organizations located predominantly in Massachusetts. The trustees have focused on providing assistance to disadvantaged and underserved children through the funding of programs that support education and mentoring. Grants have also been awarded in the areas of the environment, health care, housing, the arts, and social services.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Program-Related Investment

Historically, the foundation has made low interest loans to non-profit organizations so they can purchase permanent program or overhead space, and so they can make loans for affordable housing available to low income families. The foundation has also made loans to nonprofits and has purchased real estate for use by a private school and a museum.

Fields of Interest

Subjects
  • Arts and culture
  • Community and economic development
  • Education
  • Health
  • Religion
  • Youth development
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2014-12-31

Assets: $199,129,604 (market value)

Expenditures: $17,441,121

Total giving: $12,330,699

Qualifying distributions: $14,204,947