AAF Charitable Foundation
AAF Charitable Foundation is a private foundation based in Westborough, Massachusetts. It makes contributions to public charities for program support. The foundation supports AAFCPAs’ broader commitment to direct a portion of the firm’s net income to nonprofit organizations.
AAF Charitable Foundation at a glance
In short: AAF Charitable Foundation gave $46K across 120 grants in 2025 (avg $381.583), mostly in Massachusetts. 43% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $45,790
- +3.6% vs 2024
- Grants made (2025)
- 120
- +29.0% vs 2024
- Average grant
- $382
- -19.7% vs 2024
- Median grant
- $225
- Total assets
- $282,931
- -10.6% vs 2024
- New grantees (estimate)
- 43% first-time grantees (52 of 120, 2025)
- Primary geography
- Massachusetts (85% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to AAF Charitable Foundation
- Accepts unsolicited proposals
- No
- Contact
Mailing address: 50 Washington Street, Westborough, MA 01581
Phone: (508) 366-9100
Website: https://www.aafcpa.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who AAF Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Housing Partnership Network ($5K). Together the top 10 received $19K.
Grant Size Distribution
491 grants across all recorded years
The most common grant size was under $50K: 491 grants of 491 (100%).
Geographic Focus
Where this funder awards grants
The foundation is based in Massachusetts, and 85% of its 2025 grant dollars went to recipients in Massachusetts. Other leading recipient states were North Carolina (4%), California (2%), New York (2%), and Rhode Island (1%).
Grant Distribution by State
Share of 2025 grant dollars across all 120 itemized grants.
States
Cities
Is AAF Charitable Foundation open to new grantees?
43%
first-time grantees, 2025
In 2025, 52 of 120 grantees (43%) were first-time recipients. First grants averaged $301; repeat grants $443. How we count
Medians: $250 first-time, $200 repeat.
- 44% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+9%). Method
- In 2025 it paid out 306% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $23K (2023) to $48K (2020). In 2025 it made 120 grants totaling $46K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Housing Partnership Network Boston, MA | Program Support | $5,000 |
| Animal Rescue League of Boston Inc Dedham, MA | Program Support | $3,440 |
| Aicpa Foundation Durham, NC | Program Support | $2,000 |
| Worcester State Foundation Inc Worcester, MA | Program Support | $1,800 |
| Nurtury Roxbury, MA | Program Support | $1,500 |
| Pine Street Inn Boston, MA | Program Support | $1,100 |
| ALS Therapy Development Institute Watertown, MA | Program Support | $1,000 |
| Assumption University Worcester, MA | Program Support | $1,000 |
| Bridges Homeward Inc Cambridge, MA | Program Support | $1,000 |
| Charles River Community Health Brighton, MA | Program Support | $1,000 |
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Financial History
Multi-year comparison from IRS filings
The foundation’s filing type is Form 990-PF (a private foundation).
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $282,931 | $12,545 | $46,025 | $45,790 | 120 | $45,825 | $9,861 | $14,983 |
| 2024 | $316,411 | $88,416 | $44,349 | $44,214 | 93 | $44,249 | $10,921 | $13,166 |
| 2023 | $272,344 | $78,393 | $23,414 | $23,402 | 92 | $23,414 | $3,193 | $10,830 |
| 2022 | $217,365 | $75,720 | $42,045 | $42,045 | 90 | $42,045 | — | $8,683 |
| 2021 | $183,690 | $50,675 | $38,062 | $38,062 | 96 | $38,062 | — | $7,893 |
| 2020 | $171,077 | $100,000 | $47,724 | $47,874 | 113 | — | — | $5,641 |
Under IRS private-foundation payout rules, AAF Charitable Foundation reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s stated charitable activity is making contributions to public charities for program support. Its 2025 grantees illustrate a range of work: Pine Street Inn describes its mission as ending homelessness, while Charles River Community Health says it provides comprehensive, integrated, and equitable primary healthcare. Nurtury focuses on school readiness, healthy development, and family support for young children; Worcester State Foundation promotes the growth and progress of Worcester State University.
Other 2025 grantees include organizations whose stated missions involve animal care and anti-cruelty efforts (Animal Rescue League of Boston), support and advocacy for children, adults, and families (Bridges Homeward), higher education (Assumption University), and addressing incarceration, poverty, and racism among young adults and systems at the center of urban violence (Roca).
Grantmaking
In 2025, the foundation made 120 grants totaling $45,790. Grants ranged from $25 to $5,000, with a median of $225. The largest awards included $5,000 to Housing Partnership Network, $3,440 to Animal Rescue League of Boston, $2,000 to AICPA Foundation, and $1,800 to Worcester State Foundation. Other notable awards were $1,500 to Nurtury and $1,100 to Pine Street Inn. The listed grants were for program support.
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. No application process, materials, restrictions, or deadline are stated.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Dave McManus, Carla McCall, Dana Marks, and Thomas Muldoon as trustees.
AAF Charitable Foundation's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Carla McCall
Trustee
On filings since 2020
No compensation reported
Dana Marks
Trustee
On filings since 2020
No compensation reported
Dave McManus
Trustee
On filings since 2020
No compensation reported
Thomas Muldoon
Trustee
New on the 2025 filing
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about AAF Charitable Foundation
How much does AAF Charitable Foundation give each year?
AAF Charitable Foundation gave $46K across 120 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $44K across 93 grants.
What is AAF Charitable Foundation's typical grant size?
AAF Charitable Foundation's median grant in 2025 was $225, and its average grant was $382, across 120 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from AAF Charitable Foundation that year got $301 on average.
Where does AAF Charitable Foundation give grants?
AAF Charitable Foundation gives mostly in Massachusetts: 85% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (21 grants), Worcester, MA (7 grants), Dorchester, MA (3 grants) and Lawrence, MA (3 grants).
Does AAF Charitable Foundation give general operating support?
Not in 2025: none of the 120 grants with a stated purpose on AAF Charitable Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (120 grants).
Who are AAF Charitable Foundation's largest grantees?
AAF Charitable Foundation's largest 2025 grantees include Housing Partnership Network ($5,000), Animal Rescue League of Boston Inc ($3,440) and Aicpa Foundation ($2,000), according to its 2025 IRS Form 990-PF. Together they received 23% of its itemized 2025 grant dollars.
How large is AAF Charitable Foundation?
AAF Charitable Foundation reported $283K in total assets on its 2025 IRS Form 990-PF. It paid out $46K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
What does AAF Charitable Foundation fund?
The foundation’s stated charitable activity is making contributions to public charities for program support. See mission & focus areas ↑
How do I apply for a grant from AAF Charitable Foundation?
AAF Charitable Foundation does not accept unsolicited proposals, according to Grantable's research on its published guidelines. Check aafcpa.com for any change to that policy.
What is AAF Charitable Foundation's EIN?
AAF Charitable Foundation's EIN (Employer Identification Number) is 20-7203353. IRS Form 990 filing data is available on this page for 2020–2025.
Does AAF Charitable Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 19, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 24, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
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