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Melrose Cooperative Bank Foundation is a private corporation based in MELROSE, MA. The foundation received its IRS ruling in 2016. The principal officer is % Jeffrey D Jones. It holds total assets of $2.4M. Annual income is reported at $226K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Melrose Cooperative Bank Foundation has made 73 grants totaling $348K, with a median grant of $4K. Annual giving has decreased from $222K in 2022 to $126K in 2023. Individual grants have ranged from $1K to $15K, with an average award of $5K. The foundation has supported 32 unique organizations. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
Melrose Cooperative Bank Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 73 grants. Its grantmaking reaches organizations primarily in MA.
Melrose Cooperative Bank Foundation has distributed a total of $348K across 73 grants. The median grant size is $4K, with an average of $5K. Individual grants have ranged from $1K to $15K.
The application deadline is See attached application deadlines. See attached Eligibility requirements.
Melrose Cooperative Bank Foundation is headquartered in MELROSE, MA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Candy Brower | Director | $0 | $0 | $0 |
| Stephen Anderson | Director | $0 | $0 | $0 |
| Elizabeth W Mcnelis | Director | $0 | $0 | $0 |
| F Peter Waystack | Director | $0 | $0 | $0 |
| Alan Whitney | Director | $0 | $0 | $0 |
Total Giving
$133K
Total Assets
$2.4M
Fair Market Value
$2.5M
Net Worth
$2.4M
Grants Paid
$126K
Contributions
$0
Net Investment Income
$100K
Distribution Amount
$115K
Total: $2.3M
Total Grants
73
Total Giving
$348K
Average Grant
$5K
Median Grant
$4K
Unique Recipients
32
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Sdm Foundation IncGeneral OperatingSupport | Melrose, MA | $5K | 2023 |
| Mission Of DeedsGeneral OperatingSupport | Reading, MA | $15K | 2023 |
| Greater Boston Stage CompanyGeneral OperatingSupport | Stoneham, MA | $14K | 2023 |
| The Food DriveGeneral OperatingSupport | Melrose, MA | $10K | 2023 |
| Melrose Orchestral AssociationGeneral OperatingSupport | Melrose, MA | $10K |
| James Oosterman |
| Secretary & Director |
| $0 |
| $0 |
| $0 |
| Judith Clark | Director | $0 | $0 | $0 |
| Mary Beth Mcateer-Margolis | President & Director | $0 | $0 | $0 |
| Diane Indorato | Treasurer & Director | $0 | $0 | $0 |
| 2023 |
| Follow Your Art Community Studios IncGeneral OperatingSupport | Melrose, MA | $10K | 2023 |
| Housing Families IncGeneral OperatingSupport | Malden, MA | $6K | 2023 |
| Community Coalition Of Melrose IncGeneral OperatingSupport | Melrose, MA | $6K | 2023 |
| Mystic Valley Elder ServicesMoney ManagementProgram | Malden, MA | $5K | 2023 |
| Polymnia Choral SocietyGeneral OperatingSupport | Melrose, MA | $5K | 2023 |
| Friends Of The Middlesex Fells ReservationGeneral OperatingSupport | Melrose, MA | $5K | 2023 |
| Melrose High School Pto- Grad NightGraduation Night | Melrose, MA | $5K | 2023 |
| Melrose Family YmcaGeneral OperatingSupport | Melrose, MA | $4K | 2023 |
| Melrose Red Hawk RoboticsGeneral OperatingSupport | Melrose, MA | $3K | 2023 |
| Melrose Education Foundation IncGeneral OperatingSupport | Melrose, MA | $3K | 2023 |
| The Immigrant Learning Center IncGeneral OperatingSupport | Malden, MA | $3K | 2023 |
| Melrose Alliance Against ViolenceGeneral OperatingSupport | Melrose, MA | $3K | 2023 |
| Melrose Farmers MarketGeneral OperatingSupport | Melrose, MA | $3K | 2023 |
| The Bridge A School And Community PartnershipGeneral OperatingSupport | Melrose, MA | $3K | 2023 |
| Melrose Affordable Housing CorporationGeneral OperatingSupport | Melrose, MA | $2K | 2023 |
| Melrose KindGeneral OperatingSupport | Melrose, MA | $2K | 2023 |
| Melrose BandaidersGeneral OperatingSupport | Melrose, MA | $1K | 2023 |
| Baby Cafe Usa IncGeneral OperatingSupport | Wakefield, MA | $1K | 2023 |
| Manchester Essex Education FundGeneral OperatingSupport | Gloucester, MA | $1K | 2023 |
| Filmmakers Collaberative IncGeneral OperatingSupport | Melrose, MA | $1K | 2023 |
| Potencia IncGeneral OperatingSupport | Malden, MA | $1K | 2023 |
| Kaplan Family Hospice House Care DimensionsGeneral OperatingSupport | Danvers, MA | $1K | 2023 |
| Friends Of Memorial Hall IncGeneral OperatingSupport | Melrose, MA | $1K | 2023 |
| The May InstituteGeneral OperatingSupport | Revere, MA | $1K | 2023 |
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