Fidelity Non-Profit Management
The Fidelity Non-Profit Management Foundation is a grant-making organization based in Boston, Massachusetts, designated as a 501(c)(3) public charity. The foundation was established in 1992 and has been tax-exempt since March 1994. It operates as a subordinate organization under Harvard University and serves as a philanthropic institution focused on strengthening the nonprofit sector through strategic grantmaking and capacity-building initiatives.
Key facts about Fidelity Non-Profit Management
In short: Fidelity Non-Profit Management 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 filing.
- EIN
- 22-3195349
- Latest 990 filing
- Form 990 filing, 2024
- Annual giving (2024)
- $135,199,000
- Grants made (2024)
- 108
- Average grant
- $1,251,843
- Median grant
- $700,000
- New grantees (estimate)
- 38% first-time grantees (38 of 99, 2024)
- Total assets
- $2,566,528,357
- Primary geography
- Massachusetts (69% of itemized 2024 grant dollars)
Data from IRS Form 990 filing, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Quick answers about Fidelity Non-Profit Management
How much does Fidelity Non-Profit Management give each year?
Fidelity Non-Profit Management gave $135.2M across 108 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $96.6M across 101 grants.
What is Fidelity Non-Profit Management's typical grant size?
Fidelity Non-Profit Management'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 filing. Organizations receiving their first grant from Fidelity Non-Profit Management that year got $1.1M on average.
Where does Fidelity Non-Profit Management give grants?
Fidelity Non-Profit Management gives mostly in Massachusetts: 69% of the grant dollars itemized on its 2024 IRS Form 990 filing 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 give general operating support?
Occasionally: 2% of Fidelity Non-Profit Management's 2024 grants with a stated purpose (2 of 108) were for general or operating support, per its 2024 IRS Form 990 filing. Recurring purposes include "Technology & Equipment" (17 grants), "Program Development/Evaluation" (16 grants) and "Endowment" (11 grants).
Who are Fidelity Non-Profit Management's largest grantees?
Fidelity Non-Profit Management'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 filing. Together they received 26% of its itemized 2024 grant dollars.
How large is Fidelity Non-Profit Management?
Fidelity Non-Profit Management reported $2.6B in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $258.9M.
Is Fidelity Non-Profit Management 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.
Next steps with Fidelity Non-Profit Management
- How to evaluate Fidelity Non-Profit Management as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Fidelity Non-Profit Management with AI
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- Track this opportunity in a free grant tracker
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Financial Overview
From 2024 IRS Form 990 filing · View filing
Total Assets
$2.6B
+4.8% YoY
Annual Giving
$135.2M
+40.0% YoY
Grant Count
108
+6.9% YoY
Avg Grant Size
$1.3M
+30.9% YoY
Mission & Focus Areas
The foundation's mission is to make grants and conduct supporting activities exclusively for the benefit of Section 501(c)(3) and 509(a)(1) or (2) organizations that conduct activities in the following areas:
- Arts and Culture
- Education
- Medical Research and Healthcare
A defining characteristic of the foundation's approach is its emphasis on encouraging the highest standards of nonprofit management across all its grantmaking activities.
Grantmaking
The foundation maintains substantial grantmaking capacity with typical awards ranging from $50,000 to $25,000,000. Recent grants include:
Grant Range
s and Activity
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking priorities are concentrated in:
- Massachusetts
- New York
- California
Grant Distribution by State
Share of all 108 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Revenue
- Total Assets (2024): $2,566,528,357
- Total Assets (2023): $2,450,000,000
- Total Revenue (2024): $258,852,289
- Total Liabilities (2023): $0
Program Spending
- 2024 Total Expenses: $141,749,569
- 2023 Total Expenses: $103,000,000
- Program Expense Ratio: 99.01% (indicating strong focus on mission delivery)
The foundation maintains a robust financial position with substantial assets and demonstrates a high commitment to program spending relative to administrative costs.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,566,528,357 | $2,449,324,409 | $2,272,862,889 |
| Revenue | $258,852,289 | $279,618,620 | $137,942,315 |
| Expenses | $141,749,569 | $102,992,015 | $103,419,151 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $236,211,087 | $256,676,196 | $81,976,471 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
437 grants across all recorded years
Giving History
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 |
Leadership & Key People
Leadership team and compensation from IRS filings
Maura Marx is listed as the Principal Officer of the foundation.
Fidelity Non-Profit Management 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
Contact Information
- Address: 7 Water Street, Boston, MA 02109-4100
- Phone: 617-646-7418
- EIN: 22-3195349
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Fidelity Non-Profit Management fund?
The foundation's mission is to make grants and conduct supporting activities exclusively for the benefit of Section 501(c)(3) and 509(a)(1) or (2) organizations that conduct activities in the following areas: • **Arts and Culture** • **Education** • **Medical Research and Healthcare** A defining characteristic of the foundation's approach is its emphasis on **encouraging the highest standards of nonprofit management** across all its grantmaking activities.
How do I apply for a grant from Fidelity Non-Profit Management?
The foundation maintains substantial grantmaking capacity with typical awards ranging from $50,000 to $25,000,000. Recent grants include: • $25,000,000 to Partners Healthcare System for new construction (2024) • $5,000,000 to Worcester Art Museum for property care, buildings, and renovation (2024) • **2024 Total Giving:** $135,199,000 • **2023 Total Giving:** Approximately $103,000,000 in expenses The foundation demonstrates consistent and significant annual grantmaking activity across its prio…
What is Fidelity Non-Profit Management's EIN?
Fidelity Non-Profit Management's EIN (Employer Identification Number) is 22-3195349. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated April 2026.