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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 $9.1M. Annual income is reported at $440K. Total assets have grown from $5.9M in 2011 to $9.1M in 2023. 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 2023. Grantmaking is concentrated in Massachusetts. According to available records, Mutual One Charitable Foundation has made 140 grants totaling $941K, with a median grant of $5K. Individual grants have ranged from $350 to $30K, with an average award of $7K. The foundation has supported 70 unique organizations. The foundation primarily supports organizations in Massachusetts, Florida, Vermont, which account for 99% of all grants. Grantmaking reaches organizations across 4 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 140 grants. Its grantmaking reaches organizations primarily in MA, FL, VT.
Mutual One Charitable Foundation has distributed a total of $941K across 140 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 4 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
$462K
Total Assets
$9.1M
Fair Market Value
$9.1M
Net Worth
$9.1M
Grants Paid
$461K
Contributions
$2K
Net Investment Income
$2.9M
Distribution Amount
$409K
Total Grants
140
Total Giving
$941K
Average Grant
$7K
Median Grant
$5K
Unique Recipients
70
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Natick Service CouncilGeneral Support | Natick, MA | $30K | 2022 |
| A Place To TurnGeneral Support | Natick, MA | $20K | 2022 |
| Framingham High Hall FameGeneral Support | Framingham, MA | $15K | 2022 |
| Framingham Public Library FoundationGeneral Support | Framingham, MA | $15K | 2022 |
| Metrowest YmcaGeneral Support | Framingham, MA | $15K | 2022 |
| Greater Framingham Community ChurchGeneral Support | Framingham, MA | $11K | 2022 |
| Jewish Family Services Of MetrowestGeneral Support | Framingham, MA | $10K | 2022 |
| Metrowest Jewish Day School IncGeneral Support | Framingham, MA | $10K | 2022 |
| Daniel'S TableGeneral Support | Framingham, MA | $10K | 2022 |
| Family Promise MetrowestGeneral Support | Natick, MA | $10K | 2022 |
| Bethany Hill PlaceGeneral Support | Framingham, MA | $10K | 2022 |
| Friends Of The Morse Institute LibraryGeneral Support | Natick, MA | $10K | 2022 |
| St Bridget SchoolGeneral Support | Framingham, MA | $10K | 2022 |
| Framingham History CenterGeneral Support | Framingham, MA | $10K | 2022 |
| Framingham Police DepartmentGeneral Support | Framingham, MA | $10K | 2022 |
| Framingham Housing AuthorityGeneral Support | Framingham, MA | $10K | 2022 |
| South Middlesex Opportunity CouncilGeneral Support | Framingham, MA | $10K | 2022 |
| Hoops And Homework IncGeneral Support | Framingham, MA | $10K | 2022 |
| Edgell Grove CemeteryGeneral Support | Framingham, MA | $10K | 2022 |
| Metrowest Legal ServicesGeneral Support | Framingham, MA | $10K | 2022 |
| Boys & Girls Club Of MetrowestGeneral Support | Marlborough, MA | $10K | 2022 |
| John Andrew Mazie Memorial FoundationGeneral Support | Wayland, MA | $10K | 2022 |
| Advocates Properties IncGeneral Support | Framingham, MA | $10K | 2022 |
| Spark KindnessGeneral Support | Natick, MA | $10K | 2022 |
| St Bridget Food PantryGeneral Support | Framingham, MA | $10K | 2022 |