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Angel Fund Inc

Public charity · Grantmaker Wakefield, MA EIN: 04-3478977 Website

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.

Key facts about Angel Fund Inc

In short: Angel Fund Inc gave $750K across 1 grant in 2024 (avg $750K), mostly in Massachusetts. Source: 2024 IRS Form 990.

EIN
04-3478977
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$750,000
Grants made (2024)
1
Average grant
$750,000
Median grant
$750,000
Total assets
$3,170,411
Primary geography
Massachusetts (100% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$3.2M

+3.7% YoY

Annual Giving

$750K

+5.4% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$750K

+5.4% YoY

How Angel Fund Inc gives

  • Giving grew 127% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

Cities

ShrewsburyWorcester

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $30K (2022) to $750K (2024). In 2024 it made 1 grant totaling $750K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Umass Chan Medical School: $750KUmass Chan Medical School$750K

The largest 2024 recipient was Umass Chan Medical School ($750K).

Grant Size Distribution

5 grants across all recorded years

1<$50K$50–100K$100–250K2$250–500K2$500K–1M$1–5M$5M+

The most common grant size was in the $250–500K range: 2 grants of 5 (40%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Umass Chan Medical School Shrewsbury, MAALS Research$750,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$3,170,411$3,056,470$3,121,053
Revenue$895,977$702,162$928,586
Expenses$778,474$787,196$78,939
Net Investment Income$137,445$76,445$34,047

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS June 9, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS July 13, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS July 25, 2025)
  6. IRS filings on file for fiscal years 2020–2024

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.

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