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Also known as: c/o Tonneson & Company CPAs PC
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Tco Charitable Foundation is a private corporation based in WAKEFIELD, MA. The foundation received its IRS ruling in 2008. The principal officer is Richard E Mastrocola. It holds total assets of $23K. Annual income is reported at $15K. Total assets have grown from $2K in 2011 to $23K in 2024. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Massachusetts. According to available records, Tco Charitable Foundation has made 42 grants totaling $118K, with a median grant of $2K. Annual giving has grown from $26K in 2021 to $36K in 2023. Grantmaking activity was highest in 2022 with $56K distributed across 22 grants. Individual grants have ranged from $263 to $10K, with an average award of $3K. The foundation has supported 22 unique organizations. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$1K
Average Grant
$1K
Largest Grant
$3K
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.
Tco Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 42 grants. Its grantmaking reaches organizations primarily in MA.
Tco Charitable Foundation has distributed a total of $118K across 42 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $263 to $10K.
Tco Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Tco Charitable Foundation is headquartered in WAKEFIELD, MA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard Mastrocola | President/Teasurer/Directo | $0 | $0 | N/A |
| Marie Doucette | Clerk/Director | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$23K
Fair Market Value
N/A
Net Worth
$23K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
42
Total Giving
$118K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
22
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Catie'S ClosetTo Provide assistance and support for the charitable endeavors of the organization | Dracut, MA | $10K | 2023 |
| Mscpa Educational FoundationTo Provide assistance and support for the charitable endeavors of the organization | Boston, MA | $8K | 2023 |
| Merrimack Valley Food BankTo Provide assistance and support for the charitable endeavors of the organization | Lowell, MA | $5K | 2023 |
| Wenham MuseumTo Provide assistance and support for the charitable endeavors of the organization | Wenham, MA | $4K | 2023 |
| YmcaTo Provide assistance and support for the charitable endeavors of the organization | Peabody, MA | $3K | 2023 |
| Learning Prep SchoolTo Provide assistance and support for the charitable endeavors of the organization | West Newton, MA | $2K | 2023 |
| Waltham Boys & Girls ClubTo Provide assistance and support for the charitable endeavors of the organization | Waltham, MA | $2K | 2023 |
| City KidsTo Provide assistance and support for the charitable endeavors of the organization | Allston, MA | $1K | 2023 |
| Bread And Roses Community KitchenTo Provide assistance and support for the charitable endeavors of the organization | Lawrence, MA | $1K | 2023 |
| The Cabot TheaterTo Provide assistance and support for the charitable endeavors of the organization | Haverhill, MA | $1K | 2023 |
| Massachusetts Law Reform Institute IncTo Provide assistance and support for the charitable endeavors of the organization | Boston, MA | $500 | 2023 |
| The Angel Fund For Als ResearchTo Provide assistance and support for the charitable endeavors of the organization | Wakefield, MA | $350 | 2023 |
| Leukemia & Lymphoma SocietyTo Provide assistance and support for the charitable endeavors of the organization | Wellesley, MA | $5K | 2022 |
| Norwood SchoolTo Provide assistance and support for the charitable endeavors of the organization | Norwood, MA | $1K | 2022 |
| Rotary Club Of WakefieldTo Provide assistance and support for the charitable endeavors of the organization | Wakefield, MA | $500 | 2022 |
| Mgh Breast Cancer FundraiserTo Provide assistance and support for the charitable endeavors of the organization | Boston, MA | $500 | 2022 |
| Lucy'S Love Bus Charitable TrustTo Provide assistance and support for the charitable endeavors of the organization | Amesbury, MA | $263 | 2022 |
| Ymca Metro NorthTo Provide assistance and support for the charitable endeavors of the organization | Peabody, MA | $5K | 2021 |
| Mass MentorsorgTo Provide assistance and support for the charitable endeavors of the organization | Boston, MA | $2K | 2021 |
| Suffolk UniversityTo Provide assistance and support for the charitable endeavors of the organization | Boston, MA | $1K | 2021 |
| The American Cancer Society - Damariscotta StridesTo Provide assistance and support for the charitable endeavors of the organization | Boston, MA | $500 | 2021 |
| Partners For Youth With DisabilitiesTo Provide assistance and support for the charitable endeavors of the organization | Somerville, MA | $500 | 2021 |