American Optical Foundation

SOUTHBRIDGE, MA EIN: 04-6028058

Education Agriculture fishing and forestry Human services

American Optical Foundation is a private foundation focused on Education, based in SOUTHBRIDGE, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 3 grants totaling $66K. Net investment income was $109K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.4M

+9.1% YoY

Annual Giving

$66K

+10.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$22K

+10.9% YoY

Under IRS private-foundation payout rules, American Optical Foundation reported a distributable amount of $66K for 2024 — the minimum it must pay out in qualifying distributions.

About American Optical Foundation

Based on IRS filings

Focus Areas

Education Agriculture fishing and forestry Human services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $350K (100%)

States

Massachusetts

Cities

Various

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,388,184	$1,272,358	$1,120,780
Revenue	$123,551	$-10,069	$197,950
Expenses	$81,098	$74,657	$95,095
Qualifying Distributions	$65,800	$59,350	$77,100
Net Investment Income	$109,448	$6,955	$182,235
Distributable Amount	$65,574	$59,044	$57,077

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

13 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See Attached Schedule - Scholarship ($63,500), See Attached Schedule - Donations ($1,800), See Attached Schedule - Matching Gi ($500).

Recipient	Purpose	Amount
SEE ATTACHED SCHEDULE - SCHOLARSHIP Various, MA	EDUCATIONAL	$63,500
SEE ATTACHED SCHEDULE - DONATIONS Various, MA	CHARITABLE DONATIONS	$1,800
SEE ATTACHED SCHEDULE - MATCHING GI VARIOUS, MA	CHARITABLE CONTRIBUTION	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GARY BRIDGMAN	Trustee	1	—
JOHN VAN DYKE	Trustee	1	—
ALLEN SKOTT	Trustee	1	—

Subject Areas

Focus areas based on grantmaking activity

Education Agriculture fishing and forestry Human services

Frequently Asked Questions

What is American Optical Foundation?

American Optical Foundation is a private foundation focused on Education, based in SOUTHBRIDGE, MA. It holds $1.4M in total assets as of 2024.

How large is American Optical Foundation?

As of 2024, American Optical Foundation holds $1.4M in total assets with $124K in annual revenue. It awarded 3 grants totaling $66K in 2024.

Where does American Optical Foundation operate?

American Optical Foundation has awarded grants in Massachusetts.

What size grants does American Optical Foundation award?

In 2024, American Optical Foundation awarded 3 grants totaling $66K — an average of about $22K per grant, based on its IRS Form 990 filings.

How much is American Optical Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, American Optical Foundation reported a distributable amount of $66K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.