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
Under IRS private-foundation payout rules, Amica Companies Foundation reported a distributable amount of $2.1M for 2024 — the minimum it must pay out in qualifying distributions.
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
**
Ready to take the next step with Amica Companies Foundation?
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
Among its reported 2024 grants, the largest include Als United Ri ($22,676), A Wish Come True Inc ($10,500), All Childrens Hospital Foundation Inc ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 15-10 FOUNDATION NORTH HOLLYWOOD, CA | GENERAL PURPOSE | $220 |
| 1717 MEETINGHOUSE FOUNDATION INC WEST BARNSTABLE, MA | GENERAL PURPOSE | $200 |
| 1877 JOURNEY LITTLE ELM, TX | GENERAL PURPOSE | $500 |
| 29 BELLEVUE AVENUE FOUNDATION INC NEWPORT, RI | GENERAL PURPOSE | $1,000 |
| 4 13 INC AURORA, IL | GENERAL PURPOSE | $1,750 |
| 4 PAWS 4 LIFE RESCUE SEDALIA, CO | GENERAL PURPOSE | $1,000 |
| 48IN48 INC ATLANTA, GA | GENERAL PURPOSE | $1,550 |
| A GOOD DOG RESCUE INC OSSINING, NY | GENERAL PURPOSE | $820 |
| A LEADERSHIP JOURNEY PROVIDENCE, RI | GENERAL PURPOSE | $1,550 |
| A RACE AGAINST BLINDNESS GILBERT, AZ | GENERAL PURPOSE | $90 |
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 ...Frequently Asked Questions
What does Amica Companies Foundation fund?
**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.
How do I apply for a grant from Amica Companies Foundation?
**Annual Giving:** Approximately $3.2 million (2023); $6.5 million reported for 2025 **Grant Activity:** Over 2,000 grants distributed annually **Grant Range:** $500 to $70,000, with an average grant size of approximately $2,500 **Application Process:** • Applications accepted year-round through an online portal • Quarterly review cycles with the following deadlines and decision timelines: • Q1: Applications due by March 1; decisions in April • Q2: Applications due by June 1; decisions in July …
Where does Amica Companies Foundation make 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.
What size grants does Amica Companies Foundation award?
In 2024, Amica Companies Foundation awarded 1,288 grants totaling $4.2M — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Amica Companies Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Amica Companies Foundation reported a distributable amount of $2.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Amica Companies Foundation's EIN?
Amica Companies Foundation's EIN (Employer Identification Number) is 05-0493445. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Amica Companies Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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