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
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
No grants recorded for .
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
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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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