Massachusetts Bankers Association Charitable Foundation Inc
Preselected recipients only
Massachusetts Bankers Association Charitable Foundation Inc is a private foundation in Boston, Massachusetts. In tax year 2025 it gave $194,850 in 31 grants; the typical grant was $5,500 and the largest $44,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$194,850
- Number of grants31
- Typical grant$5,500
- Largest grant$44,000
- Assets$2.7 million
- New grantees71%
Giving in 2025 was down from $199,200 the year before.
71% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $211,300 | 51 | $2.5 million |
| 2024 | $199,200 | 47 | $2.7 million |
| 2025 | $194,850 | 31 | $2.7 million |
How to apply
Massachusetts Bankers Association Charitable Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Massachusetts Bankers Association Charitable Foundation Inc funds
Where it gives
Its grants went to recipients in 10 states, the most to Massachusetts.
| State | Grants | Amount |
|---|---|---|
| Massachusetts | 22 | $159,500 |
| New Hampshire | 1 | $5,500 |
| New York | 1 | $5,500 |
| Oregon | 1 | $5,500 |
| Rhode Island | 1 | $5,500 |
| Wisconsin | 1 | $5,500 |
| Texas | 1 | $5,000 |
| Kentucky | 1 | $2,500 |
| Virginia | 1 | $250 |
| Connecticut | 1 | $100 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Mba Scholarship Foundation | Exempt purpose | $44,000 |
| Ascension Career Training | Exempt purpose | $5,500 |
| Agespan Inc | Exempt purpose | $5,500 |
| Applewild School | Exempt purpose | $5,500 |
| Boys & Girls Clubs of Metrowest | Exempt purpose | $5,500 |
| Boys & Girls Clubs of Metro South | Exempt purpose | $5,500 |
| Elizabeth Freeman Center | Exempt purpose | $5,500 |
| Empowered Finances Foundation | Exempt purpose | $5,500 |
| Friends of Children | Exempt purpose | $5,500 |
| Follow My Steps Foundation | Exempt purpose | $5,500 |
| Greenwich House Family Supportive Living | Exempt purpose | $5,500 |
| Homeless Not Helpless | Exempt purpose | $5,500 |
| Housing Assistance Corporation | Exempt purpose | $5,500 |
| Junior Achievement of Southern Mass | Exempt purpose | $5,500 |
| Literacy Network | Exempt purpose | $5,500 |
| Lower Cape Outreach Council | Exempt purpose | $5,500 |
| Lynn Economic Opportunity Inc | Exempt purpose | $5,500 |
| Mystic Valley Elder Services | Exempt purpose | $5,500 |
| North Star Family Services Inc | Exempt purpose | $5,500 |
| Organization for Refugee and Immigrant Success | Exempt purpose | $5,500 |
| Student Financial Education Initiative Inc | Exempt purpose | $5,500 |
| Springwell Inc | Exempt purpose | $5,500 |
| Springfield Partners for Community Action | Exempt purpose | $5,500 |
| The Fly Initiative | Exempt purpose | $5,500 |
| The Italian Home for Children | Exempt purpose | $5,500 |
| We Can Corporation | Exempt purpose | $5,500 |
| Women's Money Matters Inc | Exempt purpose | $5,500 |
| Texas Bankers Foundation | Exempt purpose | $5,000 |
| Kentucky Bankers Relief Fund | Exempt purpose | $2,500 |
| Wild Care Inc | Exempt purpose | $250 |
| Connecticut Food Share | Exempt purpose | $100 |
Officers and trustees
- Brad Papalardo
- Kevin M Tierney Sr
- Lisa R Murray
- Denis Sheahan
- James M Dunphy
- Anne Tangen
- Kathleen Murphy
- Joseph Colagiovanni
Questions people ask
Does Massachusetts Bankers Association Charitable Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Massachusetts Bankers Association Charitable Foundation Inc give?
$194,850 in tax year 2025, across 31 grants, with a typical grant of $5,500.
Who runs Massachusetts Bankers Association Charitable Foundation Inc?
Its 2025 filing lists Brad Papalardo (Clerk), Kevin M Tierney Sr (Director), Lisa R Murray (Director) and Denis Sheahan (Director) among 8 officers and trustees.
What does Massachusetts Bankers Association Charitable Foundation Inc fund?
Based on its grants, mainly education, youth programs and human services.