BCLF Managed Assets Corporation
BCLF Managed Assets Corporation is a private foundation, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14.5M in total assets. In 2024, it made $2.0M in qualifying distributions. Net investment income was $691K.
BCLF Managed Assets Corporation at a glance
- Total assets
- $14,509,312
- -15.8% vs 2023
- Revenue (2024)
- $4,447,849
- +236.6% vs 2023
- Qualifying distributions (2024)
- $1,981,572
- +71.9% vs 2023
- Expenses (2024)
- $2,015,382
- +70.8% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who BCLF Managed Assets Corporation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $1–5M range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How BCLF Managed Assets Corporation gives
- In 2024 it paid out 285% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2021 it made 1 grant totaling $3.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| One Percent for America Inc Boston, MA | Operating Support | $3,000,000 |
Ready to take the next step with BCLF Managed Assets Corporation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $14,509,312 | $4,447,849 | $2,015,382 | — | — | $1,981,572 | $691,310 | $696,096 |
| 2023 | $17,223,621 | $1,321,393 | $1,180,032 | — | — | $1,152,635 | $698,961 | $794,651 |
| 2022 | $21,055,173 | $1,078,785 | $1,074,835 | — | — | $1,074,835 | $46,187 | $929,122 |
| 2021 | $22,455,913 | $1,571,427 | $4,345,220 | $3,000,000 | 1 | $4,345,220 | $3,715 | $975,209 |
| 2020 | $25,620,314 | $1,032,091 | $1,051,673 | — | — | — | $71,914 | $1,124,972 |
Under IRS private-foundation payout rules, BCLF Managed Assets Corporation reported a distributable amount of $696K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
BCLF Managed Assets Corporation is led by Elyse Cherry, CEO & Ex-Officio on every filing since 2022; 3 of 14 officers listed in 2024 are compensated.
Officers on the 2024 filing
Elyse Cherry
CEO & Ex-Officio
On filings since 2022
10 hrs/week
$200K (2022) → $199K (2024)
Dewitt Jones
President & Ex-Officio
On filings since 2022
20 hrs/week
$106K (2022) → $90K (2024)
Karen Kelleher
President & Bluehub Loan Fund
New on the 2024 filing
No compensation reported
Charles Clark
Chairman of the Board
On filings since 2020
1 hr/week
No compensation reported
Lisa Zappala
Chief Financial Officer
On filings since 2020
2 hrs/week
$15K (2020) → $18K (2024)
Edward Dugger III
Board Member
On filings since 2020
1 hr/week
No compensation reported
Julie Gould
Board Member
On filings since 2020
1 hr/week
No compensation reported
Maria Maffei
Board Member
On filings since 2020
1 hr/week
No compensation reported
Mercedes Tompkins
Board Member
On filings since 2020
1 hr/week
No compensation reported
Reese Fayde
Vice Chair of the Board
Board Member → Vice Chair of the Board, 2024
On filings since 2020
1 hr/week
No compensation reported
Reverend James Walsh Sj
Clerk
On filings since 2020
1 hr/week
No compensation reported
Sarah Lincoln
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Victor R. Rivera
Board Member
On filings since 2020
1 hr/week
No compensation reported
Jacquelyn Barry Hamilton
Chief Financial Officer
New on the 2024 filing
No compensation reported
Former officers (3)
- Former: Dewitt Jones - See Suppl Stmt (2020–2021) — President & Ex-Officio
- Former: Elyse Cherry - See Suppl Stmt (2020–2021) — CEO & Ex-Officio
- Former: Michelle Volpe - See Suppl Stmt (2020) — President & Ex-Officio
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $199K, to Elyse Cherry (CEO & Ex-Officio). 3 officers or directors reported compensation on that filing.
Frequently asked questions about BCLF Managed Assets Corporation
How large is BCLF Managed Assets Corporation?
BCLF Managed Assets Corporation reported $14.5M in total assets on its 2024 IRS Form 990-PF. It paid out $2.0M in qualifying distributions that year, against a required minimum of $696K (roughly 5% of its investment assets).
Where does BCLF Managed Assets Corporation operate?
BCLF Managed Assets Corporation has awarded grants in Massachusetts.
What is BCLF Managed Assets Corporation's EIN?
BCLF Managed Assets Corporation's EIN (Employer Identification Number) is 04-3246547. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in BCLF Managed Assets Corporation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Massachusetts
Posel Foundation
Philadelphia, PA
The Posel Foundation’s 2023 grants supported organizations in health, education and literacy, justice, environmental protection, and refugee services, with recipients across several states, especially New York and Minnesota. Grants ranged from $5,000 to $72,000, with a median of $10,000. It stated that it did not accept unsolicited requests; its 2022 filing marked its final return, so it may no longer be making grants.
Assets
—
Grants
29
Total Given
$340K
CBA Fund
Washington, DC
CBA Fund supports nonprofits, credit unions, and Native agencies that provide safe, affordable small-dollar consumer loans and credit-building products, offering grants, loan capital, and technical assistance. Its 2024 grants ranged from $5,500 to $16,125, with a median of $8,000, and went to organizations in multiple states. It announces funding opportunities for lender cohorts throughout the year; the profile does not say whether it accepts unsolicited requests.
Assets
$5.3M
Grants
20
Total Given
$198K
Boston Foundation Inc
Boston, MA
The Boston Foundation funds nonprofits and community initiatives focused on equity and opportunity, including child well-being, economic opportunity, community wealth, and community leadership, primarily in Greater Boston. Its 2025 grants had a median of $25,000, while specific programs offer amounts such as $50,000; whether it accepts unsolicited requests is not stated.
Assets
$2.1B
Grants
2,375
Total Given
$228.4M
Barr Foundation
Boston, MA
The Barr Foundation funds arts and creativity, climate, education, and New England’s social sector, primarily through long-term support for organizations in New England. Its 2024 grants ranged from $100 to $3.275 million, with a median of $80,000. Its filing says it accepts only requests from preselected organizations and does not accept unsolicited requests, though its website describes program-page inquiries and occasional open calls.
Assets
$1.9B
Grants
903
Total Given
$123.2M
Liberty Mutual Foundation Inc
Boston, MA
Liberty Mutual Foundation funds basic needs such as food and shelter, education and workforce development, and climate and community infrastructure, including homelessness and community preparedness programs. Its 2024 grants had a median of $35,000, and most funding supports organizations or programs serving the Boston area, though it also gives elsewhere. It accepts unsolicited online requests on a rolling basis, with no submission deadlines.
Assets
$46.1M
Grants
706
Total Given
$50.6M
Cummings Foundation Grants Inc (FKA Oneworld Boston Inc)
Woburn, MA
Cummings Foundation Grants Inc. funds nonprofits working in human services, education, healthcare, fairness and justice, and the environment, primarily in greater Boston and eastern Massachusetts. Its 2024 grants ranged from $1,000 to $3.5 million, with a median of $35,000; it accepts letters of inquiry through an online portal during its application cycle, which was not open at the time described.
Assets
$258.2M
Grants
658
Total Given
$38.2M
More similar funders
More Funders in Massachusetts
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from BCLF Managed Assets Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
BCLF Managed Assets Corporation down — hundreds of funders to go?