Amica Companies Foundation
The Amica Companies Foundation is a corporate foundation established in 1997 as the philanthropic arm of Amica Mutual Insurance Company. Based in Lincoln, Rhode Island, the foundation distributes grants to qualified 501(c)(3) organizations aligned with its charitable mission.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$43.8M
-0.1% YoY
Annual Giving
$4.2M
+31.8% YoY
Grant Count
1,288
-55.6% YoY
Avg Grant Size
$3K
+197.0% YoY
Mission & Focus Areas
Mission Statement: "Harness the power of enduring relationships to help individuals, families and communities become economically independent and strong."
The foundation supports organizations working in the following areas:
- Basic needs and community development
- Education
- Health
- Arts and culture
- Community and public affairs
The foundation generally does not provide support for capital campaigns, building restorations, or operating expenses.
Grantmaking
Grant Range
** $500 to $70,000, with an average grant size of approximately $2,500
Average Grant
of approximately $2,500
Review Cycle
s with the following deadlines and decision timelines:
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily supports community-based organizations serving Rhode Island residents. Since 2016, the foundation has expanded nationally through its Proactive Giving program, with geographic expansion to Northwest and Southwest regions.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $43.8 million (2023)
Total Revenue: $1.96 million (2023); $3.19 million (2024)
Total Expenses: $2.83 million (2023); $4.11 million (2024)
Total Liabilities: $424,000 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $43,763,717 | $43,815,872 | $41,082,557 |
| Revenue | $3,187,395 | $1,960,227 | $5,905,327 |
| Expenses | $4,113,805 | $2,825,767 | $3,404,491 |
| Qualifying Distributions | $4,182,784 | $3,176,011 | $3,063,796 |
| Net Investment Income | $2,770,047 | $1,270,817 | $4,725,783 |
| Distributable Amount | $2,094,380 | $2,071,352 | $2,107,508 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Amica Companies Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Edmund Shallcross — Chair, President, Chief Executive Officer, and Director
- Susan F Chung — Chief Investment Officer
- Jennifer M Morrison — General Counsel and Secretary
- James P Loring — Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EDMUND SHALLCROSS III | PRES, CEO & DIR | 0.25 | — |
| JAMES P LORING | TREASURER | 0.25 | — |
| JENNIFER M MORRISON | GENERAL COUNSEL & SECRETARY | 0.25 | — |
| SUSAN F CHUNG | CHIEF INVESTMENT OFFICER | 0.25 | — |
| JILL J AVERY | DIRECTOR | 0.01 | — |
| IVY L BROWN | DIRECTOR | 0.01 | — |
| DEBRA A CANALES | DIRECTOR | 0.01 | — |
| PATRICIA W CHADWICK | DIRECTOR | 0.01 | — |
| MICHAEL D JEANS | DIRECTOR | 0.01 | — |
| MATTHEW A LOPES JR | DIRECTOR | 0.01 | — |
| RONALD K MACHTLEY | DIRECTOR | 0.01 | — |
| PETER M MARINO | DIRECTOR | 0.01 | — |
| DEBRA M PAUL | DIRECTOR | 0.01 | — |
| HEIDI C PEARLSON | DIRECTOR | 0.01 | — |
| JOAN C PEARLSON | DIRECTOR | 0.01 | — |
| DIANE D SOUZA | DIRECTOR | 0.01 | — |
Recent News & Activity
Recent developments and announcements
In 2025, the foundation announced $6.5 million in community giving to mission-driven nonprofits across the United States. The foundation has received recognition including the Community Impact Award from Fresh Start Women's Foundation for its longstanding support of Rhode Island nonprofits.
Amica Celebrates 2025 Philanthropic Impact; Highlights Nearly $6.5M in SupportThe foundation emphasizes employee engagement, directing more than $1 million annually through employee-connected programs. In partnership with the Boston Celtics, the foundation launched the "Game Changers" grant program for New England early education initiatives.
Boston Celtics and Amica Launch 'Game Changers' Grant for New ...Related Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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