THE FAB FOUNDATION 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.
THE FAB FOUNDATION has received 17 grants from 12 known foundation funders. Revenue increased from $2,206,847 in 2023 to $6,495,763 in 2024. Most recent reported revenue: $6,495,763.
Annual Revenue
$6,495,763
Known Funders
12
Grants Received
17
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $6,495,763 | $5,385,435 | $4,370,179 |
| 2023 | $2,206,847 | $3,241,875 | $1,634,179 |
| 2022 | $2,649,329 | $3,735,780 | $3,453,460 |
| 2021 | $3,603,989 | $3,187,148 | $3,602,930 |
| 2020 | $4,362,728 | $4,359,956 | $3,585,576 |
| 2019 | $3,606,528 | $3,851,392 | $3,324,565 |
| 2018 | $4,662,636 | $5,351,096 | $3,798,420 |
| 2017 | $3,676,113 | $6,739,538 | $4,504,808 |
Top Funders
HURLEY, NY
HURLEY, NY
HURLEY, NY
HURLEY, NY
Cambridge, MA
SANTA MONICA, CA
WALTHAM, MA
PALO ALTO, CA
BENTONVILLE, AR
CLEVELAND, OH
Showing top 10 of 12 funders.
Key Personnel
From 2024 IRS 990 filing
SHERRY LASSITER
PRESIDENT/DIRECTOR
NEIL GERSHENFELD
CHAIRMAN/DIRECTOR/CONSULTANT
MARIE PLANCHARD
TREASURER/DIRECTOR
BLAIR EVANS
DIRECTOR
KATIE RAST
SECRETARY/DIRECTOR
LUCIANO BETOLDI
VICE PRESIDENT/COO
Frequently Asked Questions
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