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The Melville Charitable Trust

Profile

Last Updated: 2016-05-29

At A Glance

The Melville Charitable Trust

11 Beacon St., Ste. 914

Boston, MA United States 02108-3020

Telephone: (617) 236-2244

URL: www.melvilletrust.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $154,854,293

Total giving: $6,658,020

EIN

133415258

BRIDGE Number

5026038776

Background

Established in 1987 in NY - The Melville Trust was organized in 1990 with the desire to understand the growing problem of homelessness and help eradicate it. The foundation decided to focus its study on Connecticut and to create programs that would alleviate and reduce the impact of homelessness on children, adults and communities. The grantmaker is a signatory to Philanthropy’s Promise, an initiative of the National Committee for Responsive Philanthropy (NCRP). By signing on, the grantmaker has committed to allocating the majority of its grantmaking dollars to marginalized communities and at least 25 percent to social justice strategies, such as advocacy, community organizing, and civic engagement

Purpose and Activities

The trust concentrates its efforts on supporting solutions to prevent and end homelessness. The trust supports service and housing programs in Connecticut that can serve as models throughout the country. The trust also funds educational, research and advocacy initiatives in the state and on the national level.

Program Area(s)

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

Program-Related Investment

The foundation has made PRIs in the form of loans to service organizations, affordable housing developers, financial intermediaries, housing construction, rehabilitation organizations, as well as providing support for land acquisition and building.

Fields of Interest

Subjects
  • Community and economic development
  • Community improvement
  • Economic development
  • Homeless services
  • Housing development
  • Housing for the homeless
  • Housing services
Population Groups
  • Economically disadvantaged people
  • Homeless people
  • Low-income and poor people

Financial Data

Year ended 2014-12-31

Assets: $154,854,293 (market value)

Gifts received: $583,333

Expenditures: $9,665,190

Total giving: $6,658,020

Qualifying distributions: $7,960,154