Avidia Charitable Foundation Inc
The Avidia Charitable Foundation is a private foundation established in 1997 and based in Hudson, Massachusetts. It operates as the charitable giving arm of Avidia Bank, a $2.6 billion mutual community bank headquartered in Hudson. The foundation connects with nonprofits throughout its service region to support their missions and contribute to community well-being.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.1M
+12.9% YoY
Annual Giving
$227K
+19.8% YoY
Grant Count
75
+50.0% YoY
Avg Grant Size
$3K
-20.1% YoY
Under IRS private-foundation payout rules, Avidia Charitable Foundation Inc reported a distributable amount of $210K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports organizations involved in:
- Education
- Healthcare and hospitals
- Human services
- Legal aid
- Arts and culture
- Youth development
- Community development and economic opportunity
The foundation has a particular interest in facility upgrades and infrastructure improvements, including projects that enhance cultural and economic opportunities for residents.
Grantmaking
The foundation made 50 grants in 2023. Recent grants include:
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations serving central Massachusetts, with emphasis on the Metrowest region and surrounding communities including Fitchburg, Hudson, and the broader service area of Avidia Bank's branches.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $4,479,449
- Total Revenues: $84,959
- Total Expenses: $190,409
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,057,052 | $4,479,449 | $4,239,996 |
| Revenue | $2,090,940 | $84,959 | $93,819 |
| Expenses | $242,596 | $190,409 | $215,180 |
| Qualifying Distributions | $232,867 | $189,565 | $210,785 |
| Net Investment Income | $2,081,291 | $100,478 | $92,424 |
| Distributable Amount | $209,745 | $205,599 | $213,289 |
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 Avidia Charitable Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boys & Girls Club of Metrowest ($20,000), Big Brothers Big Sisters of Central MA & Metrowest ($10,000), Foundation for Metrowest ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 200 Foundation Framingham Framingham, MA | To provide hundreds of Metrowest students with the bankpacks and school supplies needed for a successful school year | $1,500 |
| A Place to Turn Natick, MA | To support the Eat Fresh program within the food pantry | $2,500 |
| Addiction Referral Center Hudson, MA | To support Project Serene which offers a weekly Meditation & Mindfulness class for current and new clients. The program is open to an individual seeking recovery from substance use disorder(s). | $2,500 |
| Advocates Inc Framingham, MA | To provide free mental health care to low-income older adults who cannot access their trusted therapist or social worker once they turn age 65 due to Medicare restrictions | $2,500 |
| Alzheimer's Association MANH Waltham, MA | To support the Walk to End Alzheimer's, the largest event to raise awareness and funds for Alzheimer's care, support and research | $2,000 |
| Apple Tree Arts Grafton, MA | To continue funding Early Childhood Outreach classes at Head Start locations in Webster and Southbridge, specifically free music programs for low income families | $2,500 |
| Aspire Living and Learning Leominster, MA | To develop and implement an adaptive and inclusive health and fitness facility for consumers and the greater Worcester community (for individuals with physical and intellectual disabilities) | $2,500 |
| Assabet Valley Mastersingers Marlboro, MA | To support the 46th season of presenting outstanding and unique choral concerts in the towns of Westborough, Southborough, Marlborough, Shrewsbury and Northborough | $2,500 |
| Aurelia's Garden Lincoln, MA | To help pay for core project: Growing More by Growing Better. The project's goal is to maximize the productivity of all cultivated land, focusing on food quality, nutrient density and desirability. 100% of produce is donated to local food pantries. | $1,000 |
| Big Brothers Big Sisters of Central MA & Metrowest Worcester, MA | To support efforts in creating one-to-one mentorships of youth facing adversity with caring adult mentors | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- President: Robert Cozzone
- Treasurer: Margaret Sullivan
- Board: Avidia Bank Executive Board Members
Contact: charitable@avidiabank.com | 978-567-3569
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Robert Cozzone | President | 0.2 | — |
| Margaret B Melo Sullivan | Treasurer | 0.2 | — |
| Linda Marrone | Clerk | 8 | — |
| Jim Ball | Director | 0.1 | — |
| Paul Blazar | Director | 0.1 | — |
| Michael Girard | Director | 0.1 | — |
| Joseph Grimaldo | Director | 0.1 | — |
| Jeff Leland | Director | 0.1 | — |
| Michael Murphy | Director | 0.1 | — |
| Brian Parker | Past Director | 0.1 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking with quarterly review cycles. Recent donations have supported diverse community needs, from youth programming and shelter operations to cultural and arts initiatives. The foundation emphasizes its commitment to helping nonprofits achieve their missions through strategic financial support.
Avidia donates to the Rise Above FoundationSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Avidia Charitable Foundation Inc fund?
The foundation supports organizations involved in: • Education • Healthcare and hospitals • Human services • Legal aid • Arts and culture • Youth development • Community development and economic opportunity The foundation has a particular interest in facility upgrades and infrastructure improvements, including projects that enhance cultural and economic opportunities for residents.
How do I apply for a grant from Avidia Charitable Foundation Inc?
**Grant Activity:** The foundation made 50 grants in 2023. Recent grants include: • Boys and Girls Clubs of MetroWest: $25,000 (to support after-school and summer programs) • North Star Family Services: $10,000 (to support shelter operations) • Symphony Pro Musica Society: $10,000 (to deliver affordable live classical music) • Thrive Support & Advocacy: $2,000 (to support the Leadership Experience and Development initiative) **Application Process:** The foundation meets quarterly to review gran…
Where does Avidia Charitable Foundation Inc make grants?
The foundation primarily funds organizations serving central Massachusetts, with emphasis on the Metrowest region and surrounding communities including Fitchburg, Hudson, and the broader service area of Avidia Bank's branches.
What size grants does Avidia Charitable Foundation Inc award?
In 2024, Avidia Charitable Foundation Inc awarded 75 grants totaling $227K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Avidia Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Avidia Charitable Foundation Inc reported a distributable amount of $210K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Avidia Charitable Foundation Inc's EIN?
Avidia Charitable Foundation Inc's EIN (Employer Identification Number) is 04-3371516. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Avidia Charitable Foundation Inc'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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