//
Also known as: FOUNDATION INC
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Marthas Vineyard Bank Charitable Foundation Inc. is a private corporation based in EDGARTOWN, MA. The foundation received its IRS ruling in 2019. The principal officer is Charles A Kroll. It holds total assets of $4.9M. Annual income is reported at $3.2M. Total assets have grown from $1.9M in 2019 to $4.6M in 2023. The foundation is governed by 15 officers and trustees. Covid testing equipment & masks for community testing center. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Massachusetts. According to available records, Marthas Vineyard Bank Charitable Foundation Inc. has made 741 grants totaling $3.3M, with a median grant of $700. Annual giving has grown from $558K in 2021 to $1.4M in 2023. Grantmaking activity was highest in 2022 with $1.4M distributed across 282 grants. Individual grants have ranged from N/A to $500K, with an average award of $5K. The foundation has supported 350 unique organizations. The foundation primarily supports organizations in Massachusetts, New York, District of Columbia, which account for 95% of all grants. Grantmaking reaches organizations across 16 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$132
Median Grant
$2K
Average Grant
$5K
Largest Grant
$167K
Based on 141 grants from the most recent 990-PF filing.
Covid testing equipment & masks for community testing center
Expenses: $64K
Covid testing equipment & masks for community testing center. Based on available records, the foundation has funded 741 grants. Its grantmaking reaches organizations primarily in MA, NY, DC.
Marthas Vineyard Bank Charitable Foundation Inc. has distributed a total of $3.3M across 741 grants. The median grant size is $700, with an average of $5K. Individual grants have ranged from N/A to $500K.
Marthas Vineyard Bank Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Marthas Vineyard Bank Charitable Foundation Inc. is headquartered in EDGARTOWN, MA. While based in MA, the foundation distributes grants to organizations across 16 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ronald Rappaport | DIRECTOR | $0 | $0 | N/A |
| Wayne Lamson | CLERK/DIRECTOR | $0 | $0 | N/A |
| James Anthony | PRESIDENT/CEO | $0 | $0 | N/A |
| Jennifer Smith Turner | DIRECTOR | $0 | $0 | N/A |
| Kenneth C Galley Retired 112023 | CLERK/DIRECTOR | $0 | $0 | N/A |
| Reid Silva | DIRECTOR | $0 | $0 | N/A |
| Alison Shaw | DIRECTOR | $0 | $0 | N/A |
| Ann Tyra | DIRECTOR | $0 | $0 | N/A |
| Stever Aubrey | DIRECTOR | $0 | $0 | N/A |
| George Davis | DIRECTOR | $0 | $0 | N/A |
| George Santos | DIRECTOR | $0 | $0 | N/A |
| Donna L Cummens | DIRECTOR | $0 | $0 | N/A |
| James Hagerty | DIRECTOR | $0 | $0 | N/A |
| Beth S Colt | DIRECTOR | $0 | $0 | N/A |
| Charles Kroll | VP/TREASURER/CFO | $0 | $0 | N/A |
Total Giving
$1.4M
Total Assets
$4.6M
Fair Market Value
$4.6M
Net Worth
$4.6M
Grants Paid
$1.4M
Contributions
$509K
Net Investment Income
$245K
Distribution Amount
$237K
Total: N/A
Total Grants
741
Total Giving
$3.3M
Average Grant
$5K
Median Grant
$700
Unique Recipients
350
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Island Food PantryEXEMPT PURPOSE | Vineyard Haven, MA | $500K | 2023 |
| Martha'S Vineyard Ocean Academy (Fuel)EXEMPT PURPOSE | Vineyard Haven, MA | $100K | 2023 |
| Island Health CareEXEMPT PURPOSE | Edgartown, MA | $85K | 2023 |
| Island Autism GroupEXEMPT PURPOSE | Edgartown, MA | $25K | 2023 |
| Hospice & Palliative Care Of Martha'S VineyardEXEMPT PURPOSE | Vineyard Haven, MA | $25K | 2023 |
| Martha'S Vineyard YouthEXEMPT PURPOSE | Chilmark, MA | $25K | 2023 |
| Featherstone Center For The ArtsEXEMPT PURPOSE | Oak Bluffs, MA | $21K | 2023 |
| Martha'S Vineyard Fishermen'S Preservation TrustEXEMPT PURPOSE | Menemsha, MA | $21K | 2023 |
| Falmouth Housing TrustEXEMPT PURPOSE | Falmouth, MA | $20K | 2023 |
| Healthy Aging Martha'S VineyardEXEMPT PURPOSE | Vineyard Haven, MA | $20K | 2023 |
| Martha'S Vineyard Public SchoolEXEMPT PURPOSE | Vineyard Haven, MA | $11K | 2023 |
| Harbor Homes Of Martha'S VineyardEXEMPT PURPOSE | Vineyard Haven, MA | $10K | 2023 |
| Penikese SchoolEXEMPT PURPOSE | Woods Hole, MA | $9K | 2023 |
| Martha'S Vineyard Little LeagueEXEMPT PURPOSE | Oak Bluffs, MA | $8K | 2023 |
| Westfield State UniversityEXEMPT PURPOSE | Westfield, MA | $7K | 2023 |
| Dignity MattersEXEMPT PURPOSE | Wayland, MA | $5K | 2023 |
| Woods Hole Child CenterEXEMPT PURPOSE | Woods Hole, MA | $5K | 2023 |
| Great Pond FoundationEXEMPT PURPOSE | Edgartown, MA | $5K | 2023 |
| Island Grown InitiativeEXEMPT PURPOSE | Vineyard Haven, MA | $5K | 2023 |
| Farming FalmouthEXEMPT PURPOSE | Teaticket, MA | $5K | 2023 |
| The YardEXEMPT PURPOSE | Chilmark, MA | $5K | 2023 |
| Neighborhood FalmouthEXEMPT PURPOSE | Falmouth, MA | $5K | 2023 |
| Camp JabberwockyEXEMPT PURPOSE | Vineyard Haven, MA | $5K | 2023 |
| Upper Cape Ymcaymca Of Cape CodEXEMPT PURPOSE | Hyannis, MA | $5K | 2023 |
| Misty Meadows Equine Learning CenterEXEMPT PURPOSE | Vineyard Haven, MA | $5K | 2023 |
| Island Theater WorkshopEXEMPT PURPOSE | Vineyard Haven, MA | $5K | 2023 |
| Falmouth Public SchoolsEXEMPT PURPOSE | East Falmouth, MA | $4K | 2023 |
| Falmouth Running ClubEXEMPT PURPOSE | Falmouth, MA | $4K | 2023 |
| Friends Of The Edgartown Free Public LibraryEXEMPT PURPOSE | Edgartown, MA | $4K | 2023 |
| Rotary Club Of Falmouth Cape CodEXEMPT PURPOSE | Falmouth, MA | $4K | 2023 |
| Umass AmherstEXEMPT PURPOSE | Amherst, MA | $3K | 2023 |
| Bridgewater State UniversityEXEMPT PURPOSE | Bridgewater, MA | $3K | 2023 |
| University Of New HampshireEXEMPT PURPOSE | Durham, NH | $3K | 2023 |
| Bucknell UniversityEXEMPT PURPOSE | Lewisburg, PA | $3K | 2023 |
| Trinity CollegeirelandEXEMPT STATUS | Dublin | $3K | 2023 |
| University Of Notre DameEXEMPT PURPOSE | Notre Dame, IN | $3K | 2023 |
| Cal PolytechEXEMPT PURPOSE | San Luis Obispo, CA | $3K | 2023 |
| The Penn State UniversityEXEMPT PURPOSE | University Park, PA | $3K | 2023 |
| The American UniversityEXEMPT PURPOSE | Washington, DC | $3K | 2023 |