Fitchburg State University Foundation Inc
To support the educational endeavor of Fitchburg State University
Fitchburg State University Foundation Inc at a glance
In short: Fitchburg State University Foundation Inc gave $624K across 5 grants in 2025 (avg $125K), mostly in Massachusetts. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $624,417
- +0.1% vs 2024
- Grants made (2025)
- 5
- -16.7% vs 2024
- Average grant
- $124,883
- +20.1% vs 2024
- Median grant
- $94,432
- Total assets
- $40,088,770
- +10.5% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Fitchburg State University Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Fitchburg State University ($619K across 4 grants). Together the top 2 received $624K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 8 grants of 25 (32%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Fitchburg State University Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+4%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $570K (2023) to $735K (2021). In 2025 it made 5 grants totaling $624K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fitchburg State University Fitchburg, MA | Contribution | $364,631 |
| Fitchburg State University Fitchburg, MA | Intern Incentive Program | $95,508 |
| Fitchburg State University Fitchburg, MA | Programming for SGA and other Groups | $94,432 |
| Fitchburg State University Fitchburg, MA | Cultural Events | $64,846 |
| St Anna Parish Leominster, MA | Language Studies | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $40,088,770 | $4,622,021 | $1,812,750 | $624,417 | 5 | $2,412,370 |
| 2024 | $36,292,559 | $4,334,913 | $1,768,699 | $623,990 | 6 | $1,330,733 |
| 2023 | $31,285,087 | $4,348,295 | $1,530,404 | $570,103 | 5 | $845,690 |
| 2022 | $26,762,004 | $3,824,038 | $1,336,245 | $600,122 | 4 | $2,031,909 |
| 2021 | $30,585,232 | $3,569,553 | $1,100,283 | $735,426 | 5 | $2,625,926 |
About Fitchburg State University Foundation Inc
Based on IRS filings
Fitchburg State University Foundation Inc is a public charity focused on Education, based in Fitchburg, MA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $40.1M in total assets. In 2025, it awarded 5 grants totaling $624K. Net investment income was $2.4M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Fitchburg State University Foundation Inc is led by Richard S Lapidus, President on every filing since 2021; none of the 24 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard S Lapidus
President
On filings since 2021
10 hrs/week
No compensation reported
Donna Hodge
President
New on the 2025 filing
10 hrs/week
No compensation reported
Anthony J Mercadante
Treasurer Audit Chair
Director → Treasurer Audit Chair, 2022
On filings since 2021
0.5 hrs/week
No compensation reported
Anna M Clementi
Director
On filings since 2021
0.2 hrs/week
No compensation reported
Donata Martin
Director
On filings since 2021
0.2 hrs/week
No compensation reported
Lorie Martiska
Director
On filings since 2021
0.2 hrs/week
No compensation reported
Nicholas D Smith
Director
On filings since 2021
0.2 hrs/week
No compensation reported
Patricia Pistone
Director
On filings since 2021
0.2 hrs/week
No compensation reported
Marc Dohan
Director
On filings since 2023
0.2 hrs/week
No compensation reported
Mary Beth Jokela
Director
On filings since 2023
0.2 hrs/week
No compensation reported
Barbara Mahoney
Director
On filings since 2024
0.2 hrs/week
No compensation reported
Eric Gregoire
Director
On filings since 2024
0.2 hrs/week
No compensation reported
John T Garten
Director
On filings since 2024
0.2 hrs/week
No compensation reported
Jay D Bry
Vice President of Finance Administration
Director → Vice President of Finance Administration, 2022
On filings since 2021
10 hrs/week
No compensation reported
Jeffrey Wolfman
Vice President Advancement
Director → Vice President Advancement, 2022
On filings since 2021
10 hrs/week
No compensation reported
John P Mahan
Clerk
On filings since 2021
0.5 hrs/week
No compensation reported
Laura Bayless
Vice President Student Affairs
Director → Vice President Student Affairs, 2022
On filings since 2021
No compensation reported
Charles Sides
Professor
On filings since 2022
No compensation reported
Xuzhou Chen
Professor
On filings since 2022
No compensation reported
Nadimpalli Mahadev
Professor
On filings since 2023
No compensation reported
Paul Weizer
Professor
On filings since 2023
No compensation reported
Jessica Murdoch
Vice President of Hr Payroll
On filings since 2024
No compensation reported
Natalia Kourtonina
Professor
On filings since 2024
No compensation reported
Patricia Marshall
Vice President Academic Affairs Provost
On filings since 2024
0.2 hrs/week
No compensation reported
Former officers (18)
- Former: Mark Lambert (2023–2024) — Director
- Former: Catherine Canney (2021–2023) — Former Vice President Acting Academic Affairs Provost
- Former: Michael Florentino (2021–2023) — Director
- Former: Nicholas J DiNinno Jr. (2021–2023) — Director
- Former: Stephen Swartz (2021–2023) — Chief Information Officer
- Former: Dawn Morton (2023) — Director
- Former: Franca Barricelli (2023) — Associate V P Academic Affairs
- Former: Margaret Hoey (2023) — Professor
- Former: C Deborah Phillips (2021–2022) — Director
- Former: Cindy L Carroll (2021–2022) — Director
- Former: Donald R Irving (2021–2022) — Director
- Former: James M Walsh (2021–2022) — Director
- Former: Martin F Connors Jr. (2021–2022) — Director
- Former: Kelly Morgan (2022) — Professor
- Former: Alberto Cardelle (2021) — Former Vice President Academic Affairs
- Former: K Morgan (2021) — Director
- Former: N Mahadev (2021) — Professor
- Former: P Weizer (2021) — Professor
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Fitchburg State University Foundation Inc
How much does Fitchburg State University Foundation Inc give each year?
Fitchburg State University Foundation Inc gave $624K across 5 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $624K across 6 grants.
What is Fitchburg State University Foundation Inc's typical grant size?
Fitchburg State University Foundation Inc's median grant in 2025 was $94,432, and its average grant was $124,883, across 5 grants on its 2025 IRS Form 990.
Where does Fitchburg State University Foundation Inc give grants?
Fitchburg State University Foundation Inc gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Fitchburg, MA (4 grants).
Does Fitchburg State University Foundation Inc give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Fitchburg State University Foundation Inc's 2025 IRS Form 990 were described as general or operating support.
How large is Fitchburg State University Foundation Inc?
Fitchburg State University Foundation Inc reported $40.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.6M.
What is Fitchburg State University Foundation Inc?
Fitchburg State University Foundation Inc is a public charity focused on Education, based in Fitchburg, MA. It holds $40.1M in total assets as of 2025.
What is Fitchburg State University Foundation Inc's EIN?
Fitchburg State University Foundation Inc's EIN (Employer Identification Number) is 04-2661048. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS March 24, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS February 28, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2021–2024
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