Bay State Savings Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WORCESTER, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $129K in total assets. In 2024, it made $631 in qualifying distributions. Net investment income was $1K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$129K
+1.5% YoY
Revenue
$3K
-90.4% YoY
Qualifying Distributions
$631
-95.5% YoY
Expenses
$1K
-91.7% YoY
Under IRS private-foundation payout rules, Bay State Savings Charitable reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About Bay State Savings Charitable
Based on IRS filings
Bay State Savings Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WORCESTER, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $129K in total assets. In 2024, it made $631 in qualifying distributions. Net investment income was $1K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $128,582 | $126,742 | $109,459 |
| Revenue | $3,058 | $31,906 | $31,327 |
| Expenses | $1,218 | $14,623 | $18,585 |
| Qualifying Distributions | $631 | $14,073 | $18,060 |
| Net Investment Income | $1,320 | $256 | — |
| Distributable Amount | $6,270 | $5,114 | $4,487 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jay Z Aframe | Director | 1 | — |
| John E Graham | Director | 1 | — |
| George F Sullivan Jr | Director | 1 | — |
| Diane Giampa | President | 1 | — |
| Cheri E Carty | Treasurer and Clerk | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bay State Savings Charitable?
Bay State Savings Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WORCESTER, MA. It holds $129K in total assets as of 2024.
How large is Bay State Savings Charitable?
As of 2024, Bay State Savings Charitable holds $129K in total assets with $3K in annual revenue.
Where does Bay State Savings Charitable operate?
Bay State Savings Charitable has awarded grants in Massachusetts, Minnesota.
How much is Bay State Savings Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bay State Savings Charitable reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bay State Savings Charitable's EIN?
Bay State Savings Charitable's EIN (Employer Identification Number) is 80-0038576. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Bay State Savings Charitable's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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