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Also known as: CHARITABLE FOUNDATION INC
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Massachusetts Bankers Association Charitable Foundation Inc. is a private corporation based in BOSTON, MA. The foundation received its IRS ruling in 1997. The principal officer is Francesca Bertolino. It holds total assets of $2.7M. Annual income is reported at $479K. Total assets have grown from $1.2M in 2011 to $2.7M in 2024. The foundation is governed by 8 officers and trustees. The foundation operates in the area of human services. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. Grantmaking is concentrated in Massachusetts. According to available records, Massachusetts Bankers Association Charitable Foundation Inc. has made 241 grants totaling $760K, with a median grant of $2K. Annual giving has grown from $195K in 2020 to $389K in 2022. Individual grants have ranged from $100 to $31K, with an average award of $3K. The foundation has supported 178 unique organizations. The foundation primarily supports organizations in Massachusetts, Texas, District of Columbia, which account for 98% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$2K
Average Grant
$3K
Largest Grant
$13K
Based on 70 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Massachusetts Bankers Association Charitable Foundation Inc. primarily funds organizations in the area of human services. Based on available records, the foundation has funded 241 grants. Its grantmaking reaches organizations primarily in MA, TX, DC.
Massachusetts Bankers Association Charitable Foundation Inc. has distributed a total of $760K across 241 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $100 to $31K.
Massachusetts Bankers Association Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Massachusetts Bankers Association Charitable Foundation Inc. is headquartered in BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kathleen Murphy | PRESIDENT | $0 | $0 | N/A |
| Kevin M Tierney Sr | DIRECTOR | $0 | $0 | N/A |
| William J Tsoules | SR. VP/TREASURER | $0 | $0 | N/A |
| Robert Frazer | CHAIRPERSON/DIRECTOR | $0 | $0 | N/A |
| Dennis Sheehan | DIRECTOR | $0 | $0 | N/A |
| Lisa R Murray | DIRECTOR | $0 | $0 | N/A |
| James M Dunphy | DIRECTOR | $0 | $0 | N/A |
| Brad Papalardo | CLERK | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$2.7M
Fair Market Value
N/A
Net Worth
$2.5M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
241
Total Giving
$760K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
178
Most Common Grant
$2K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mba ScholarshipEXEMPT PURPOSE | Boston, MA | $31K | 2022 |
| The Christian CenterEXEMPT PURPOSE | Pittsfield, MA | $5K | 2022 |
| The Care CenterEXEMPT PURPOSE | Holyoke, MA | $5K | 2022 |
| Boys & Girls Club Of The BerkshiresEXEMPT PURPOSE | Pittsfield, MA | $5K | 2022 |
| Boston Health Care For The Homeless ProgramEXEMPT PURPOSE | Boston, MA | $5K | 2022 |
| Massasoit Community College Foundation IncEXEMPT PURPOSE | Brockton, MA | $5K | 2022 |
| The Carroll Center For The BlindEXEMPT PURPOSE | Newton, MA | $5K | 2022 |
| United Way Of Greater New Bedford - Hunger CommissionEXEMPT PURPOSE | New Bedford, MA | $5K | 2022 |
| Martin Luther King Jr Family Services IncEXEMPT PURPOSE | Springfield, MA | $5K | 2022 |
| A Place To Turn - An Emergency Food PantryEXEMPT PURPOSE | Natick, MA | $5K | 2022 |
| The Charity Guild IncEXEMPT PURPOSE | Brockton, MA | $5K | 2022 |
| Dignity MattersEXEMPT PURPOSE | Framingham, MA | $5K | 2022 |
| Old Colony Habitat For HumanityEXEMPT PURPOSE | Attleboro, MA | $5K | 2022 |
| Utec (United Teen Equality Center)EXEMPT PURPOSE | Peabody, MA | $5K | 2022 |
| Circle Of Hope IncEXEMPT PURPOSE | Needham, MA | $5K | 2022 |
| Our Bright Future IncEXEMPT PURPOSE | Southbridge, MA | $5K | 2022 |
| Children'S Advocacy Center Of Franklin County & North QuabbinEXEMPT PURPOSE | Greenfield, MA | $5K | 2022 |
| Berkshire Food ProjectEXEMPT PURPOSE | North Adam, MA | $5K | 2022 |
| Art Resource Collaborative For Kids (Arckboston)EXEMPT PURPOSE | Boston, MA | $5K | 2022 |
| Fenway Community Health Center IncEXEMPT PURPOSE | Boston, MA | $5K | 2022 |
| Boys & Girls Clubs Of Metro SouthEXEMPT PURPOSE | Taunton, MA | $5K | 2022 |
| No Child Goes Hungry In PeabodyEXEMPT PURPOSE | Peabody, MA | $5K | 2022 |
| ArtsworcesterEXEMPT PURPOSE | Worcester, MA | $5K | 2022 |
| Ywca Northeastern MassachusettsEXEMPT PURPOSE | Haverhill, MA | $5K | 2022 |
| Worcester Community Action Council IncEXEMPT PURPOSE | Worcester, MA | $5K | 2022 |