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Stoneham Charitable Foundation Inc. is a private corporation based in STONEHAM, MA. The foundation received its IRS ruling in 2001. It holds total assets of $160K. Annual income is reported at $225K. Total assets have grown from N/A in 2011 to $53K in 2023. The foundation is governed by 12 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Massachusetts. According to available records, Stoneham Charitable Foundation Inc. has made 23 grants totaling $201K, with a median grant of $6K. Annual giving has grown from $84K in 2021 to $117K in 2023. Individual grants have ranged from $250 to $30K, with an average award of $9K. The foundation has supported 17 unique organizations. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$5K
Average Grant
$8K
Largest Grant
$21K
Based on 11 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.
Stoneham Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 23 grants. Its grantmaking reaches organizations primarily in MA.
Stoneham Charitable Foundation Inc. has distributed a total of $201K across 23 grants. The median grant size is $6K, with an average of $9K. Individual grants have ranged from $250 to $30K.
The application deadline is Funding is awarded on a case-by-case basis and in response to funding needs and availability.. Once applications for sponsorship and grant-funding are received, the Foundation and non-voting committees from the Stoneham Bank will review the applications to determine that any potential recipients further the Foundation's exempt purpose and advance causes that are of value to the community served by Stoneham Bank. The Foundation itself will only award funding to qualified charitable organizations. The Foundation prioritizes funding requests that impact: (i) affordable housing; (ii) community services; (iii) economic development; (iv) community revitalization and stabilization; and (v) projects that promote public services within economically underserved communities. Non-qualified charitable organizations seeking funding may coordinate with Stoneham Bank for private sponsorship, but will not receive funding from the Foundation. An application form is available on the foundation's website.
Stoneham Charitable Foundation Inc. is headquartered in STONEHAM, MA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lorene A Comeau | Director (start 5/2023) | $0 | $0 | N/A |
| Janice T Houghton | Director | $0 | $0 | N/A |
| James T Mcintyre | Director (start 8/2023) | $0 | $0 | N/A |
| John J Melkonian | Director | $0 | $0 | N/A |
| Gilbert A Moreira | Director | $0 | $0 | N/A |
| Aricia Symes-Elmer | Director | $0 | $0 | N/A |
| Edward Doherty Jr | CEO & President | $0 | $0 | N/A |
| Marianne Cacciola | CFO & Treasurer (end 8/2023) | $0 | $0 | N/A |
| Nancy Coyle | CFO & Treasurer (start 1/2024) | $0 | $0 | N/A |
| Alexander Devlin | Clerk | $0 | $0 | N/A |
| Frederick A Ciampa | Director (end 12/2023) | $0 | $0 | N/A |
| Donald R Clarke | Director (end 5/2023) | $0 | $0 | N/A |
Total Giving
$123K
Total Assets
$53K
Fair Market Value
$53K
Net Worth
$53K
Grants Paid
$120K
Contributions
$147K
Net Investment Income
N/A
Distribution Amount
$4K
Total Grants
23
Total Giving
$201K
Average Grant
$9K
Median Grant
$6K
Unique Recipients
17
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bread Of LifeGeneral Operating Support | Malden, MA | $1K | 2023 |
| First Congregational ChurchGeneral Operating Support | Stoneham, MA | $750 | 2021 |
| Boys And Girls Club Of Greater BillericaGeneral Operating Support | Billerica, MA | $30K | 2023 |
| Commonwealth Zoological CorporationGeneral Operating Support | Boston, MA | $25K | 2023 |
| Winchester Hospital FoundationGeneral Operating Support | Burlington, MA | $20K | 2023 |
| Boys And Girls Club Of Stoneham & WakefieldGeneral Operating Support | Stoneham, MA | $18K | 2023 |
| Caritas CommunitiesGeneral Operating Support | Braintree, MA | $8K | 2023 |
| Housing FamiliesGeneral Operating Support | Malden, MA | $6K | 2023 |
| Friends Of Billerica Council On AgingGeneral Operating Support | Billerica, MA | $6K | 2023 |
| Think Of Michael IncGeneral Operating Support | Lynnfield, MA | $3K | 2023 |
| Mystic Valley Elder ServicesGeneral Operating Support | Malden, MA | $950 | 2023 |
| Stoneham Community Development CorporationGeneral Operating Support | Stoneham, MA | $500 | 2023 |
| Mission Of Deeds IncGeneral Operating Support | Reading, MA | $250 | 2023 |
| North Shore Community Development CoalitionGeneral Operating Support | Salem, MA | $20K | 2021 |
| Als Therapy Development InstituteGeneral Operating Support | Cambridge, MA | $7K | 2021 |
| Helping Our Troops Massachusetts IncGeneral Operating Support | Stoneham, MA | $1K | 2021 |
| The Decibels FoundationGeneral Operating Support | Maynard, MA | $500 | 2021 |