Fidelity Non-Profit Management Foundation
FIDELITY NON-PROFIT MANAGEMENT is a public charity based in Boston, Massachusetts. Formed in 1992, it makes grants and conducts supporting activities for organizations working in arts and culture, education, and medical research and healthcare, with an emphasis on encouraging high standards of nonprofit management.
Fidelity Non-Profit Management Foundation at a glance
In short: Fidelity Non-Profit Management Foundation gave $135.2M across 108 grants in 2024 (avg $1.3M), mostly in Massachusetts. 38% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $135,199,000
- +40.0% vs 2023
- Grants made (2024)
- 108
- +6.9% vs 2023
- Average grant
- $1,251,843
- +30.9% vs 2023
- Median grant
- $700,000
- Total assets
- $2,566,528,357
- +4.8% vs 2023
- New grantees (estimate)
- 38% first-time grantees (38 of 99, 2024)
- Primary geography
- Massachusetts (69% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Fidelity Non-Profit Management Foundation
- Contact
Mailing address: 7 Water Street, Boston, MA 02109
Phone: (617) 646-7418
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Fidelity Non-Profit Management Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Massachusetts General Hospital ($25.5M across 2 grants). Together the top 10 received $58.8M.
Grant Size Distribution
437 grants across all recorded years
The most common grant size was in the $500K–1M range: 125 grants of 437 (29%).
Geographic Focus
Where this funder awards grants
In 2024, 69% of grant dollars went to recipients in Massachusetts, 11% to New York, 5% to California, 3% to Illinois, and 2% to Connecticut.
Grant Distribution by State
Share of 2024 grant dollars across all 108 itemized grants.
States
Cities
Is Fidelity Non-Profit Management Foundation open to new grantees?
38%
first-time grantees, 2024
In 2024, 38 of 99 grantees (38%) were first-time recipients. First grants averaged $1.1M; repeat grants $1.6M. How we count
Medians: $550K first-time, $850K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $72.4M (2020) to $135.2M (2024). In 2024 it made 108 grants totaling $135.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts General Hospital Boston, MA | New Construction | $25,000,000 |
| Boston Symphony Orchestra Inc Boston, MA | Renovation | $5,000,000 |
| Museum of Modern Art New York, NY | Endowment | $5,000,000 |
| Worcester Art Museum Worcester, MA | Property Care; Buildings; Renovation | $5,000,000 |
| Historic New England Haverhill, MA | Campaign/Fundraising Plan | $4,000,000 |
| Massachusetts Museum of Contemporary Art Foundation North Adams, MA | Renovation | $3,000,000 |
| New England Historic Genealogical Society Inc Boston, MA | Property Care; Buildings; Renovation | $3,000,000 |
| Yale University New Haven, CT | Endowment | $3,000,000 |
| Henry E Huntington Library & Art Gallery San Marino, CA | Property Care; Buildings; Construction | $2,500,000 |
| North Bennet Street School Boston, MA | Property Care; Buildings; Renovation | $2,500,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $2,566,528,357 | $258,852,289 | $141,749,569 | $135,199,000 | 108 | $236,211,087 |
| 2023 | $2,449,324,409 | $279,618,620 | $102,992,015 | $96,568,913 | 101 | $256,676,196 |
| 2022 | $2,272,862,889 | $137,942,315 | $103,419,151 | $98,274,687 | 75 | $81,976,471 |
| 2021 | $2,237,901,889 | $256,876,248 | $77,098,233 | $73,377,277 | 60 | $171,094,517 |
| 2020 | $2,058,127,832 | $111,980,332 | $74,993,413 | $72,392,290 | 93 | $96,299,771 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization states that its mission is to make grants and conduct supporting activities for eligible 501(c)(3) organizations described in Section 509(a)(1) or (2) that conduct activities in arts and culture, education, or medical research and healthcare, with emphasis on encouraging the highest standards of nonprofit management.
Examples of supported organizations illustrate these areas. The Museum of Modern Art describes its mission as fostering public awareness of modern and contemporary art. The Boston Symphony Orchestra says it is dedicated to making music and providing educational and training programs. North Bennet Street School says it trains students for careers in traditional trades and advances craft traditions. MIT describes its mission as advancing knowledge and educating students in science, technology, and other areas of scholarship. Per Scholas says it advances economic mobility through training and employer connections. These are the grantees’ descriptions of their own missions.
Grantmaking
In 2024, the organization reported 108 grants totaling $135,199,000. Grant amounts ranged from $75,000 to $25,000,000, with a median of $700,000. Its largest reported grant was $25,000,000 to Massachusetts General Hospital for new construction. Other large grants included $5,000,000 each to the Boston Symphony Orchestra for renovation, the Museum of Modern Art for endowment, and Worcester Art Museum for property care, buildings, and renovation.
Additional 2024 grants included $4,000,000 to Historic New England for a campaign/fundraising plan; $3,000,000 each to Massachusetts Museum of Contemporary Art Foundation for renovation, New England Historic Genealogical Society for property care and renovation, and Yale University for endowment; and $2,500,000 each to the Huntington Library and Art Gallery for property care and construction, North Bennet Street School for property care and renovation, Per Scholas for CRM, and the Clark Art Institute for endowment.
The organization states that it selects recipients based on detailed written descriptions of intended charitable uses and public-charity determinations, with occasional staff field investigations. Grantees provide detailed written reports on grant expenditures. The organization monitors grants to ensure funds are used for their intended charitable purposes and are not diverted.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Susan Hockfield, John Palfrey, Robert A. Radloff, Edward C. Johnson IV, and Elizabeth L. Johnson as directors. Radloff is also listed as vice president, and Johnson IV as chairman. Maura Marx is president; Christopher J. McKown is secretary; Kevin Saunders is assistant secretary; Daniel M. Ardito is treasurer; and Lydia Bergen is vice president of operations.
Fidelity Non-Profit Management Foundation is led by Maura Marx, President on every filing since 2020; 12 of 15 officers listed in 2024 are compensated.
Officers on the 2024 filing
Maura Marx
President
On filings since 2020
21 hrs/week
$390K (2020) → $558K (2024)
Edward C. Johnson IV
Director & Chairman
On filings since 2020
2.5 hrs/week
No compensation reported
Caroline Nolan
Program Director & Education
Program Officer → Program Director, 2021
Program Director → Program Director & Education, 2024
On filings since 2020
32 hrs/week
$183K (2020) → $258K (2024)
Robert A. Radloff
Director & Vice President
On filings since 2020
2.5 hrs/week
$12K (2020) → $25K (2024)
Susan Hockfield
Director
On filings since 2020
2.5 hrs/week
$12K (2020) → $25K (2024)
John Palfrey
Director
On filings since 2023
2.5 hrs/week
$25K (2023) → $25K (2024)
Lisa Bevilaqua
Program Director, Arts & Culture
On filings since 2023
30 hrs/week
$172K (2023) → $246K (2024)
Lara Bethke
Program Director & Medical Science
New on the 2024 filing
37 hrs/week
$370K (2024)
Elizabeth L. Johnson
Director
On filings since 2020
2.5 hrs/week
No compensation reported
Barbara Sullivan
Vice President, Insights & Impact
Vice President Research Learning Evaluation → Vice President, Program Strategy & Impact, 2021
Vice President, Program Strategy & Impact → Vice President, Insights & Impact, 2024
On filings since 2020
22 hrs/week
$137K (2020) → $245K (2024)
Daniel M. Ardito
Treasurer
On filings since 2020
16 hrs/week
$208K (2020) → $185K (2024)
Lydia Bergen
Vice President & Operations
Vice President Operations → Vice President & Operations, 2021
On filings since 2020
21 hrs/week
$119K (2020) → $232K (2024)
Kevin Saunders
Assistant Secretary
On filings since 2022
17 hrs/week
$198K (2022) → $166K (2024)
Natacha Perrotta
Vice President & Programs
New on the 2024 filing
21 hrs/week
$258K (2024)
Christopher J. McKown
Secretary
On filings since 2020
2.5 hrs/week
No compensation reported
Former officers (6)
- Former: Candace Tebbenkamp (2021–2023) — Senior Program Officer, Medical Sci & Health
- Former: Kevin Da Silva (2021–2023) — Director, Medical Science & Health
- Former: Gloria Lopez (2022–2023) — Senior Program Officer & Education
- Former: Melanie S. Sommer (2020–2022) — Assistant Secretary
- Former: Thomas R. Powers (2020–2022) — Director & Vice President
- Former: Timothy Regele (2020) — Program Officer
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 $558K, to Maura Marx (President). 12 officers or directors reported compensation on that filing.
Frequently asked questions about Fidelity Non-Profit Management Foundation
How much does Fidelity Non-Profit Management Foundation give each year?
Fidelity Non-Profit Management Foundation gave $135.2M across 108 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $96.6M across 101 grants.
What is Fidelity Non-Profit Management Foundation's typical grant size?
Fidelity Non-Profit Management Foundation's median grant in 2024 was $700,000, and its average grant was $1,251,843, across 108 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Fidelity Non-Profit Management Foundation that year got $1.1M on average.
Where does Fidelity Non-Profit Management Foundation give grants?
Fidelity Non-Profit Management Foundation gives mostly in Massachusetts: 69% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was New York (11%). The most frequent recipient cities were Boston, MA (28 grants), New York, NY (7 grants), Cambridge, MA (5 grants) and Newton, MA (5 grants).
Does Fidelity Non-Profit Management Foundation give general operating support?
Occasionally: 2% of Fidelity Non-Profit Management Foundation's 2024 grants with a stated purpose (2 of 108) were for general or operating support, per its 2024 IRS Form 990. Recurring purposes include "Technology & Equipment" (17 grants), "Program Development/Evaluation" (16 grants) and "Endowment" (11 grants).
Who are Fidelity Non-Profit Management Foundation's largest grantees?
Fidelity Non-Profit Management Foundation's largest 2024 grantees include Massachusetts General Hospital ($25,500,000 across 2 grants), Boston Symphony Orchestra Inc ($5,000,000) and Museum of Modern Art ($5,000,000), according to its 2024 IRS Form 990. Together they received 26% of its itemized 2024 grant dollars.
How large is Fidelity Non-Profit Management Foundation?
Fidelity Non-Profit Management Foundation reported $2.6B in total assets on its 2024 IRS Form 990. Its revenue that year was $258.9M.
What does Fidelity Non-Profit Management Foundation fund?
The organization states that its mission is to make grants and conduct supporting activities for eligible 501(c)(3) organizations described in Section 509(a)(1) or (2) that conduct activities in arts and culture, education, or medical research and healthcare, with emphasis on encouraging the highest standards of nonprofit management. See mission & focus areas ↑
How do I apply for a grant from Fidelity Non-Profit Management Foundation?
Fidelity Non-Profit Management Foundation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Fidelity Non-Profit Management Foundation's EIN?
Fidelity Non-Profit Management Foundation's EIN (Employer Identification Number) is 22-3195349. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 28, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 4, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Fidelity Non-Profit Management Foundation funds
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Cite this profile
Grantable. (2026). Fidelity Non-Profit Management Foundation funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/fidelity-non-profit-management-foundation-morg_a1e90df301e244dcabb909126c45022e
BibTeX
@misc{grantable_223195349_2026,
author = {{Grantable}},
title = {{Fidelity Non-Profit Management Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/fidelity-non-profit-management-foundation-morg_a1e90df301e244dcabb909126c45022e},
note = {Accessed 2026-10-20. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Fidelity Non-Profit Management Foundation'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.
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