Financials

We are committed to being transparent about how Barr deploys its financial resources.

Jump To

A child looks through a periscope installed at Martin's Park along the Boston Waterfront. He wears a navy blue shirt and baseball cap. He is surrounded by green trees and play structures.

Martin Richard Foundation

The Barr Foundation was established in 1997 by Amos and Barbara Hostetter, following the sale of the company Amos founded in 1963 - Continental Cablevision (renamed Media One in 1996 when acquired by US West). Now with assets in excess of $2.5 billion, Barr has contributed more than $1 billion to charitable causes, and the Foundation's grantmaking budget for 2024 is $130 million.

Tax Returns

As a private foundation, Barr posts its tax return (Form 990-PF) each year when we file with the IRS. Barr’s Form 990-PF reports the president’s compensation, as well as that of the five highest-paid employees. Since we know this information is often of interest, the relevant page from our most recent Form 990 can be accessed directly here.

Our three most recent 990s are available for download below.

President's Compensation

Compensation for the president is set by the Trustees (excluding the president), based on comparative, third-party research, and an annual performance review.

For 2022, as president, Jim Canales earned $680,986 in salary, $25,913 in matching contributions to his 401(k) retirement account, and $21,497 in contributions to medical and other benefits. As part of his full-time employment, Jim Canales devotes a small portion of this time to Pilot House Associates, the Barr Foundation’s affiliated family office, for which he is separately compensated by Pilot House Associates.

Audited Financial Statements

Each year, Barr retains independent auditors to audit our annual financial statements. Reports from three most recent years are available for download.

2022 Audited Financial Statements

In 2022, Barr made grant payments of $108 million while incurring $14 million in management and general expenses.

2021 Audited Financial Statements

In 2021, Barr made grant payments of $100 million while incurring $12 million in management and general expenses.

2020 Audited Financial Statements

In 2020, Barr made grant payments of $87 million, while incurring $10 million in management and general expenses.

Â