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Also known as: FOUNDATION INC
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South Shore Bank Charitable Foundation Inc. is a private corporation based in S WEYMOUTH, MA. The foundation received its IRS ruling in 1997. The principal officer is Kimberly Stoyle. It holds total assets of $2.2M. Annual income is reported at $775K. Total assets have grown from $1.2M in 2010 to $2.5M in 2022. The foundation is governed by 7 officers and trustees. The foundation operates in the area of human services. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Massachusetts. According to available records, South Shore Bank Charitable Foundation Inc. has made 378 grants totaling $1.2M, with a median grant of $2K. Annual giving has grown from $242K in 2020 to $752K in 2022. Individual grants have ranged from $100 to $30K, with an average award of $3K. The foundation has supported 180 unique organizations. Grants have been distributed to organizations in Massachusetts and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$2K
Average Grant
$3K
Largest Grant
$30K
Based on 114 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.
South Shore Bank Charitable Foundation Inc. primarily funds organizations in the area of human services. Based on available records, the foundation has funded 378 grants. Its grantmaking reaches organizations primarily in MA, NY.
South Shore Bank Charitable Foundation Inc. has distributed a total of $1.2M across 378 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $100 to $30K.
South Shore Bank Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. The application deadline is SEE APPLICATIONS FOR VARIOUS DEADLINES. Awards are to be granted within southeastern massachusetts, unless an exception is made by the board of director's to benefit community, charitable, educational, and other benevolent purposes.
South Shore Bank Charitable Foundation Inc. is headquartered in S WEYMOUTH, MA. While based in MA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Daniel W Brennan | TREASURER & CLERK | $0 | $0 | N/A |
| Marisa O'Dwyer | DIRECTOR | $0 | $0 | N/A |
| James M Dunphy | PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Arthur H Sharp | DIRECTOR | $0 | $0 | N/A |
| Joseph C Sullivan | DIRECTOR | $0 | $0 | N/A |
| Margaret K Spagone | DIRECTOR | $0 | $0 | N/A |
| Pamela O'Leary | VP/DIRECTOR | $0 | $0 | N/A |
Total Giving
$465K
Total Assets
$2.5M
Fair Market Value
$2.5M
Net Worth
$2.5M
Grants Paid
$435K
Contributions
$1K
Net Investment Income
$138K
Distribution Amount
$132K
Total: $2.3M
Total Grants
378
Total Giving
$1.2M
Average Grant
$3K
Median Grant
$2K
Unique Recipients
180
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| WellspringEXEMPT PURPOSE | Hull, MA | $5K | 2022 |
| Weymouth 400EXEMPT PURPOSE | East Weymouth, MA | $30K | 2022 |
| South Shore Health System FoundationEXEMPT PURPOSE | Weymouth, MA | $25K | 2022 |
| Friendship HomeEXEMPT PURPOSE | Norwell, MA | $20K | 2022 |
| South Shore Peer RecoveryEXEMPT PURPOSE | Scituate, MA | $20K | 2022 |
| South Shore YmcaEXEMPT PURPOSE | Quincy, MA | $18K | 2022 |
| Atlantic Symphony OrchestraEXEMPT PURPOSE | Hingham, MA | $12K | 2022 |
| Cardinal Cushing CenterEXEMPT PURPOSE | Hanover, MA | $10K | 2022 |
| The Company TheatreEXEMPT PURPOSE | Norwell, MA | $10K | 2022 |
| Cell Phones For SoldiersEXEMPT PURPOSE | Norwell, MA | $10K | 2022 |
| VetrnEXEMPT PURPOSE | Norton, MA | $10K | 2022 |
| United Way Of Greater Plymouth CountyEXEMPT PURPOSE | Brockton, MA | $6K | 2022 |
| United Way Of Massachusetts BayEXEMPT PURPOSE | Boston, MA | $6K | 2022 |
| Pan Mass ChallengeEXEMPT PURPOSE | Needham, MA | $5K | 2022 |
| Cardinal Cushing CentersEXEMPT PURPOSE | Hanover, MA | $5K | 2022 |
| Weymouth GardenEXEMPT PURPOSE | Weymouth, MA | $5K | 2022 |
| Jett Foundation IncEXEMPT PURPOSE | Plymouth, MA | $5K | 2022 |
| Weymouth Community GardenEXEMPT PURPOSE | Weymouth, MA | $5K | 2022 |
| Massachusetts Fallen HeroesEXEMPT PURPOSE | Boston, MA | $5K | 2022 |
| The Quincy FoundationEXEMPT PURPOSE | Quincy, MA | $5K | 2022 |
| Nvna And HospiceEXEMPT PURPOSE | Norwell, MA | $5K | 2022 |
| Wellspring Multi-ServiceEXEMPT PURPOSE | Hull, MA | $4K | 2022 |