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Mutual One Charitable Foundation is a private trust based in FRAMINGHAM, MA. The foundation received its IRS ruling in 1998. The principal officer is Kevin J Handly. It holds total assets of $9M. Annual income is reported at $393K. Total assets have grown from $5.9M in 2011 to $9.1M in 2024. The foundation is governed by 9 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2024. Grantmaking is concentrated in Massachusetts. According to available records, Mutual One Charitable Foundation has made 196 grants totaling $1.3M, with a median grant of $5K. Annual giving has decreased from $941K in 2022 to $398K in 2024. Individual grants have ranged from $350 to $30K, with an average award of $7K. The foundation has supported 104 unique organizations. The foundation primarily supports organizations in Massachusetts, Vermont, Florida, which account for 97% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$350
Median Grant
$5K
Average Grant
$7K
Largest Grant
$30K
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.
Mutual One Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 196 grants. Its grantmaking reaches organizations primarily in MA, VT, FL.
Mutual One Charitable Foundation has distributed a total of $1.3M across 196 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $350 to $30K.
The application deadline is Grant applications are reviewed quarterly. Application deadlines are Feb 1, May 1, Aug 1 & Nov 1. The MutualOne Charitable Foundation considers grants of up to $10,000 in the areas of workforce developement, health and human services, housing, education, community development, the environment, and culture and the arts. Special emphasis is placed on those projects that focus on the less-advantaged and/or underserved populations. Grant applicants must be 501(c)(3) organizations, municipalities, or public schools located in or serving communities in MutualOne Bank's market area. The Foundation will not fund political or sectarian activities. An application form is available on the foundation's website.
Mutual One Charitable Foundation is headquartered in FRAMINGHAM, MA. While based in MA, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Paul V Galvani | Trustee | $0 | $0 | N/A |
| Brian Ledwith | Trustee | $0 | $0 | N/A |
| Mark R Haranas | Trustee | $0 | $0 | N/A |
| Mutual One Bank -Framingham Coop Ba | Foundation Creator | $0 | $0 | N/A |
| Robert Raider | Trustee | $0 | $0 | N/A |
| Steven M Sousa | Trustee (end 2/2022) | $0 | $0 | N/A |
| Robert P Lamprey | Trustee (end 4/2022) | $0 | $0 | N/A |
| Brien Maginnis | Controller (end 10/2022) | $0 | $0 | N/A |
| Susan E Acton | Trustee (end 5/2022) | $0 | $0 | N/A |
Total Giving
$398K
Total Assets
$9.1M
Fair Market Value
$9.1M
Net Worth
$9.1M
Grants Paid
$398K
Contributions
N/A
Net Investment Income
$403K
Distribution Amount
$442K
Total Grants
196
Total Giving
$1.3M
Average Grant
$7K
Median Grant
$5K
Unique Recipients
104
Most Common Grant
$10K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Metrowest YMCAGeneral Support | Framingham, MA | $24K | 2024 |
| Framingham History CenterGeneral Support | Framingham, MA | $15K | 2024 |
| Greater Framingham Community ChurchGeneral Support | Framingham, MA | $15K | 2024 |
| Natick Service Council IncGeneral Support | Natick, MA | $15K | 2024 |
| Framingham Housing AuthorityGeneral Support | Framingham, MA | $13K | 2024 |
| University of Massachusetts - AmherstGeneral Support | Amherst, MA | $11K | 2024 |
| Family Promise MetrowestGeneral Support | Natick, MA | $10K | 2024 |
| Natick Housing AuthorityGeneral Support | Natick, MA | $10K | 2024 |
| South Middlesex Opportunity Council IncGeneral Support | Framingham, MA | $10K | 2024 |
| Community First ProjectGeneral Support | Framingham, MA | $10K | 2024 |
| A Place to TurnGeneral Support | Natick, MA | $10K | 2024 |
| Edgell Grove CemeteryGeneral Support | Framingham, MA | $10K | 2024 |
| Morse Institute LibraryGeneral Support | Natick, MA | $10K | 2024 |
| Metrowest Legal ServiesGeneral Support | Framingham, MA | $10K | 2024 |
| Metrowest Free Medical ProgramGeneral Support | Marlborough, MA | $10K | 2024 |
| Metrowest ESL FundGeneral Support | Natick, MA | $10K | 2024 |
| Northeastern UniversityGeneral Support | Boston, MA | $10K | 2024 |
| Big Brothers Big Sisters of MetrowestGeneral Support | Worcester, MA | $10K | 2024 |
| Boys & Girls Club of MetrowestGeneral Support | Marlborough, MA | $10K | 2024 |
| LiterationsGeneral Support | Boston, MA | $10K | 2024 |
| St Bridget SchoolGeneral Support | Framingham, MA | $10K | 2024 |
| Spark Kindness IncGeneral Support | Natick, MA | $10K | 2024 |
| Amazing Things Arts CenterGeneral Support | Framingham, MA | $9K | 2024 |
| Read to a ChildGeneral Support | Wellesley, MA | $8K | 2024 |
| Framingham High Hall of FameGeneral Support | Framingham, MA | $8K | 2024 |
| Metrowest Jewish Day SchoolGeneral Support | Framingham, MA | $8K | 2024 |
| The Hole in the Wall Gang CampGeneral Support | New Haven, CT | $8K | 2024 |
| Buffalo State UniversityGeneral Support | Buffalo, NY | $7K | 2024 |
| Brazilian American Center IncGeneral Support | Framingham, MA | $5K | 2024 |
| Metrowest Conference for WomenGeneral Support | Natick, MA | $5K | 2024 |
| Hoops and Homework IncGeneral Support | Framingham, MA | $5K | 2024 |
| Jewish Family Services of MetrowestGeneral Support | Framingham, MA | $5K | 2024 |
| Horizons For Homeless ChildrenGeneral Support | Roxbury, MA | $5K | 2024 |
| Mass AudobonGeneral Support | Lincoln, MA | $5K | 2024 |
| Edwards Church UCCGeneral Support | Framingham, MA | $5K | 2024 |
| Bethany Hill PlaceGeneral Support | Framingham, MA | $5K | 2024 |
| Wildstar Equine Assisted Activities & TherapyGeneral Support | Sherborn, MA | $5K | 2024 |
| SpringwellGeneral Support | Waltham, MA | $5K | 2024 |
| The Learning Center for the DeafGeneral Support | Framingham, MA | $5K | 2024 |
| Friends of Callahan Senior CenterGeneral Support | Framingham, MA | $5K | 2024 |
| Rotary Club of Natick IncGeneral Support | Natick, MA | $5K | 2024 |
| Girl Scouts of Eastern MassachusettsGeneral Support | Waltham, MA | $4K | 2024 |
| St Bridget ParishGeneral Support | Framingham, MA | $4K | 2024 |
| Golden Tones IncGeneral Support | Natick, MA | $4K | 2024 |
| Performing Arts Center of MetrowestGeneral Support | Framingham, MA | $4K | 2024 |
| Massbay Community CollegeGeneral Support | Wellesley, MA | $3K | 2024 |
| City Kids IncGeneral Support | Allston, MA | $3K | 2024 |
| The First Baptist Church in FraminghamGeneral Support | Framingham, MA | $3K | 2024 |
| Temple Beth AMGeneral Support | Framingham, MA | $3K | 2024 |
| Spirit of Adventure CouncilGeneral Support | Woburn, MA | $3K | 2024 |