Angel Fund Inc
To support als research and scientific investigations at the university of Massachusetts chan medical school by raising funds through events, campaigns, foundation grants and numerous other community outreach activities, to aid in finding a cause, treatment and cure for als.
Angel Fund Inc at a glance
In short: Angel Fund Inc gave $750K across 1 grant in 2024 (avg $750K), mostly in Massachusetts. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $750,000
- +5.4% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $750,000
- +5.4% vs 2023
- Median grant
- $750,000
- Total assets
- $3,170,411
- +3.7% vs 2023
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Angel Fund Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Umass Chan Medical School ($750K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 2 grants of 5 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Angel Fund Inc gives
- Giving grew 127% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $30K (2022) to $750K (2024). In 2024 it made 1 grant totaling $750K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Umass Chan Medical School Shrewsbury, MA | ALS Research | $750,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $3,170,411 | $895,977 | $778,474 | $750,000 | 1 | $137,445 |
| 2023 | $3,056,470 | $702,162 | $787,196 | $711,254 | 1 | $76,445 |
| 2022 | $3,121,053 | $928,586 | $78,939 | $30,000 | 1 | $34,047 |
| 2021 | $2,272,939 | $566,086 | $396,120 | $330,168 | 1 | $31,605 |
| 2020 | $2,082,689 | $586,539 | $522,064 | $468,005 | 1 | $41,590 |
About Angel Fund Inc
Based on IRS filings
Angel Fund Inc is a public charity focused on Medical Research, based in Wakefield, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 1 grant totaling $750K. Net investment income was $137K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Angel Fund Inc is led by Richard P. Kennedy, President on every filing since 2020; none of the 11 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard P. Kennedy
President
On filings since 2020
2 hrs/week
No compensation reported
Carolyn Nigro
Director
On filings since 2020
1 hr/week
No compensation reported
Catherine Nigro
Director
On filings since 2020
1 hr/week
No compensation reported
Janice Nigro Esq.
Director
On filings since 2020
1 hr/week
No compensation reported
Joseph Ruma
Director
On filings since 2020
1 hr/week
No compensation reported
Salvatore P. Falzone Jr.
Director
On filings since 2020
1 hr/week
No compensation reported
Todd Delvecchio
Director
On filings since 2020
1 hr/week
No compensation reported
Julie Delvecchio
Director
On filings since 2022
1 hr/week
No compensation reported
Neil Gleason
Director
On filings since 2022
1 hr/week
No compensation reported
Eugene A. Nigro Esq.
Clerk
On filings since 2020
2 hrs/week
No compensation reported
Paul A. Delvecchio
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Angel Fund Inc
How much does Angel Fund Inc give each year?
Angel Fund Inc gave $750K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $711K across 1 grant.
How large is Angel Fund Inc?
Angel Fund Inc reported $3.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $896K.
What is Angel Fund Inc?
Angel Fund Inc is a public charity focused on Medical Research, based in Wakefield, MA. It holds $3.2M in total assets as of 2024.
Where does Angel Fund Inc operate?
Angel Fund Inc has awarded grants in Massachusetts.
What is Angel Fund Inc's EIN?
Angel Fund Inc's EIN (Employer Identification Number) is 04-3478977. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS June 9, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 25, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Angel Fund Inc funds
Medical Research Open opportunities, soonest deadline first.
- 2026 USS Translational Research Grant Up to $100,000 per year · Due October 24, 2026
- Dr. Richard A. Falls Virginia Lions Eye Institute Research Grant Up to $40,000 (yearly total budget) · Due October 25, 2026
- NSF Graduate Research Fellowship Program (GRFP) $32,000 annually plus $12,000 cost of education allowance · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Angel Fund Inc's focus areas in our free grants database
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