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THE FAB FOUNDATION

BOSTON, MAEIN: 26-4836002Website

Data sourced from IRS 990 public filings

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.

Innovation/Disruption/Tech-Optimism
International
General Population
National
Evidence-Based/Data-Driven/Effective Altruism
Youth/Teens (Ages 13-18)
STEM Education
Low-Income/Economically Disadvantaged

Annual Revenue

$6,495,763

Known Funders

12

Grants Received

17

Financial History

YearRevenueExpensesAssets
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

NOVO FOUNDATION

HURLEY, NY

$550,000 (2024)
NOVO FOUNDATION

HURLEY, NY

$500,000 (2021)
NOVO FOUNDATION

HURLEY, NY

$500,000 (2022)
NOVO FOUNDATION

HURLEY, NY

$500,000 (2023)
$100,000 (2024)
$80,971 (2023)
$80,000 (2023)
$75,000 (2024)
Wend II Inc

BENTONVILLE, AR

$54,288 (2021)
$50,000 (2021)

Showing top 10 of 12 funders.

Key Personnel

From 2024 IRS 990 filing

L

LUCIANO BETOLDI

VICE PRESIDENT/COO

Highest Compensated
K

KATIE RAST

SECRETARY/DIRECTOR

Officer
B

BLAIR EVANS

DIRECTOR

M

MARIE PLANCHARD

TREASURER/DIRECTOR

Officer
N

NEIL GERSHENFELD

CHAIRMAN/DIRECTOR/CONSULTANT

Officer
S

SHERRY LASSITER

PRESIDENT/DIRECTOR

Officer

Frequently Asked Questions

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