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Small grants provided to nonprofit organizations and programs to support the vitality of communities where MathWorks offices are located. The program funds specific initiatives consistent with the goals of developing and enriching local cities and towns.
A program inviting principal investigators to submit research proposals aimed at advancing technological innovations and addressing industry-specific challenges using MATLAB and Simulink. Topics include AI, global climate models, and neural interfaces.
Mathworks Foundation Inc. is a private corporation based in NATICK, MA. The foundation received its IRS ruling in 2019. The principal officer is % Steven Douglas Barbo C/O Mat. It holds total assets of $424.4M. Annual income is reported at $330.4M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Mathworks Foundation Inc. has made 24 grants totaling $51.1M, with a median grant of $1M. Annual giving has decreased from $41.2M in 2022 to $9.8M in 2023. Individual grants have ranged from $100K to $11.1M, with an average award of $2.1M. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in Massachusetts, Georgia, New Mexico, which account for 71% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Mathworks Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 24 grants. Its grantmaking reaches organizations primarily in MA, GA, NM.
Mathworks Foundation Inc. has distributed a total of $51.1M across 24 grants. The median grant size is $1M, with an average of $2.1M. Individual grants have ranged from $100K to $11.1M.
Mathworks Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Mathworks Foundation Inc. is headquartered in NATICK, MA. While based in MA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Thomas M Spera | CLERK | $0 | $0 | $0 |
| John Little | PRESIDENT/DIRECTOR | $0 | $0 | $0 |
| Jeanne O'Keefe | TREASURER/DIRECTOR | $0 | $0 | $0 |
| James Rider | AGENT | $0 | $0 | $0 |
| Steven Douglas Barbo | AGENT | $0 | $0 | $0 |
Total Giving
$10M
Total Assets
$268M
Fair Market Value
$268M
Net Worth
$268M
Grants Paid
$9.8M
Contributions
$0
Net Investment Income
$6.8M
Distribution Amount
$12.6M
Total: $0
Total Grants
24
Total Giving
$51.1M
Average Grant
$2.1M
Median Grant
$1M
Unique Recipients
13
Most Common Grant
$1M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mass Audubon Society IncEXEMPT PURPOSE | Lincoln, MA | $7M | 2023 |
| Metrowest YmcaEXEMPT PURPOSE | Framingham, MA | $2.5M | 2023 |
| University Of Massachusetts Foundation IncEXEMPT PURPOSE | Newton, MA | $250K | 2023 |
| Wikimedia EndowmentEXEMPT PURPOSE | Washington, DC | $100K | 2023 |
| Massachusetts Institute Of TechnologyEXEMPT PURPOSE | Cambridge, MA | $11.1M | 2022 |
| Massachusetts Audubon Society IncEXEMPT PURPOSE | Lincoln, MA | $2.5M | 2022 |
| Cooperative For Assistance For Relief Everywhere Inc (Care)EXEMPT PURPOSE | Atlanta, GA | $2M | 2022 |
| University Of New Mexico Foundation IncorporatedEXEMPT PURPOSE | Alburqueque, NM | $2M | 2022 |
| Khan Academy IncEXEMPT PURPOSE | Mountan View, CA | $1M | 2022 |
| Greater Boston Food BankEXEMPT PURPOSE | Boston, MA | $1M | 2022 |
| Globalgiving Foundation IncEXEMPT PURPOSE | Washingotn, DC | $500K | 2022 |
| Foundation For MetrowestEXEMPT PURPOSE | Natick, MA | $225K | 2022 |
| Wikimedia FoundationEXEMPT PURPOSE | San Francisco, CA | $100K | 2022 |
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