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Massmutual Foundation Inc. is a private corporation based in SPRINGFIELD, MA. The foundation received its IRS ruling in 2016. The principal officer is Dennis Duquette. It holds total assets of $34.3M. Annual income is reported at $58.9M. Total assets have grown from N/A in 2015 to $34.3M in 2024. The foundation is governed by 13 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Massachusetts. According to available records, Massmutual Foundation Inc. has made 180 grants totaling $19.3M, with a median grant of $10K. Individual grants have ranged from $1K to $2.1M, with an average award of $107K. The foundation has supported 90 unique organizations. The foundation primarily supports organizations in Massachusetts, Tennessee, Arizona, which account for 53% of all grants. Grantmaking reaches organizations across 24 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$10K
Average Grant
$119K
Largest Grant
$2.4M
Based on 81 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.
Massmutual Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 180 grants. Its grantmaking reaches organizations primarily in MA, TN, AZ.
Massmutual Foundation Inc. has distributed a total of $19.3M across 180 grants. The median grant size is $10K, with an average of $107K. Individual grants have ranged from $1K to $2.1M.
Massmutual Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Massmutual Foundation Inc. is headquartered in SPRINGFIELD, MA. While based in MA, the foundation distributes grants to organizations across 24 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Brian Funicane | ASSISTANT TREASURER | $0 | $0 | N/A |
| Christine Gouin | ASSOCIATE CLERK | $0 | $0 | N/A |
| Pablo Cabrera | TREASURER/DIRECTOR | $0 | $0 | N/A |
| Amy Dias | DIRECTOR | $0 | $0 | N/A |
| Dennis Duquette | PRESIDENT/CEO | $0 | $0 | N/A |
| Noell Tuesta | ASSOCIATE CLERK | $0 | $0 | N/A |
| Sherriff Balogun | DIRECTOR | $0 | $0 | N/A |
| James Paul Puhala Iii | CLERK | $0 | $0 | N/A |
| Eleanor Williams | DIRECTOR THRU 7/1/23 | $0 | $0 | N/A |
| Dorothy Varon | DIRECTOR | $0 | $0 | N/A |
| Alison Mathias | VICE PRESIDENT | $0 | $0 | N/A |
| Michael Morrissey | DIRECTOR | $0 | $0 | N/A |
| Sucharita Varanasi | DIRECTOR FROM 9/14/23 | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$34.3M
Fair Market Value
N/A
Net Worth
$7.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
180
Total Giving
$19.3M
Average Grant
$107K
Median Grant
$10K
Unique Recipients
90
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Rise Foundation IncEXEMPT PURPOSE | Memphis, TN | $115K | 2022 |
| Way Finders IncEXEMPT PURPOSE | Springfield, MA | $2.1M | 2022 |
| University Of Massachusetts Amherst Foundation IncEXEMPT PURPOSE | Amherst, MA | $1.5M | 2022 |
| New North Citizens' CouncilEXEMPT PURPOSE | Springfield, MA | $672K | 2022 |
| The Food Bank Of Western Massachusetts IncEXEMPT PURPOSE | Hatfield, MA | $595K | 2022 |
| Springfield Public SchoolsEXEMPT PURPOSE | Springfield, MA | $500K | 2022 |
| The Red Sox Foundation IncEXEMPT PURPOSE | Boston, MA | $369K | 2022 |
| Western New England UniversityEXEMPT PURPOSE | Springfield, MA | $360K | 2022 |
| Boston Medical Center CorporationEXEMPT PURPOSE | Boston, MA | $350K | 2022 |
| Junior Achievement Of ArizonaEXEMPT PURPOSE | Tempe, AZ | $244K | 2022 |
| Frayser Community Development CorporationEXEMPT PURPOSE | Memphis, TN | $236K | 2022 |
| Vibrant Memphis IncEXEMPT PURPOSE | Memphis, TN | $217K | 2022 |
| Boston Foundation IncEXEMPT PURPOSE | Boston, MA | $200K | 2022 |
| Teach Western Mass IncEXEMPT PURPOSE | Springfield, MA | $150K | 2022 |
| Women'S Fund Of Western MassachusettsEXEMPT PURPOSE | Springfield, MA | $110K | 2022 |
| Revitalize Community Development CorporationEXEMPT PURPOSE | Springfield, MA | $100K | 2022 |
| Team RubiconEXEMPT PURPOSE | Los Angeles, CA | $100K | 2022 |
| Springfield Cultural Partnership IncorporatedEXEMPT PURPOSE | Springfield, MA | $100K | 2022 |
| Healing Racism Institute Of The Pioneer Valley IncEXEMPT PURPOSE | Springfield, MA | $100K | 2022 |
| American National Red CrossEXEMPT PURPOSE | Washington, DC | $100K | 2022 |
| Entrepreneurship For All IncEXEMPT PURPOSE | Lowell, MA | $90K | 2022 |
| Union Capital Boston IncEXEMPT PURPOSE | Roxbury, MA | $90K | 2022 |
| Boys & Girls Club Family Center IncEXEMPT PURPOSE | Springfield, MA | $85K | 2022 |
| Teach For America IncEXEMPT PURPOSE | New York, NY | $75K | 2022 |
| Breaktime United IncEXEMPT PURPOSE | Boston, MA | $75K | 2022 |
| Ymca Of Greater SpringfieldEXEMPT PURPOSE | Springfield, MA | $75K | 2022 |