To support the educational endeavor of Fitchburg State University
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$36.3M
+16.0% YoY
Annual Giving
$624K
+9.5% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$104K
-8.8% YoY
About Fitchburg State University Foundation Inc
Based on IRS filings
Fitchburg State University Foundation Inc is a nonprofit organization focused on Education, based in FITCHBURG, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $36.3M in total assets. In 2024, it awarded 6 grants totaling $624K. Net investment income was $1.3M.
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 | $36,292,559 | $31,285,087 | $26,762,004 |
| Revenue | $4,334,913 | $4,348,295 | $3,824,038 |
| Expenses | $1,768,699 | $1,530,404 | $1,336,245 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,330,733 | $845,690 | $2,031,909 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Nicholas D Smith | Director | 0.2 | — |
| John T Garten | Director | 0.2 | — |
| Donata Martin | Director | 0.2 | — |
| Barbara Mahoney | Director | 0.2 | — |
| Lorie Martiska | Director | 0.2 | — |
| Mark Lambert | Director | 0.2 | — |
| Mary Beth Jokela | Director | 0.2 | — |
| Marc Dohan | Director | 0.2 | — |
| Anthony J Mercadante | Treasurer Audit Chair | 0.5 | — |
| John P Mahan | Clerk | 0.5 | — |
| Anna M Clementi | Director | 0.2 | — |
| Eric Gregoire | Director | 0.2 | — |
| Patricia Pistone | Director | 0.2 | — |
| Richard S Lapidus | President | 10 | — |
| Jay D Bry | VP of Finance Administration | 10 | — |
| Jeffrey Wolfman | vP Advancement | 10 | — |
| Patricia Marshall | VP Academic Affairs Provost | 0.2 | — |
| Laura Bayless | VP Student Affairs | — | — |
| Nadimpalli Mahadev | Professor | — | — |
| Paul Weizer | Professor | — | — |
| Jessica Murdoch | VP of HR Payroll | — | — |
| Natalia Kourtonina | Professor | — | — |
| Xuzhou Chen | Professor | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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