Florence Savings Charitable Foundation is a private foundation based in Florence, Massachusetts. Established in 1998, it operates as a grantmaking foundation with no direct activities of its own.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
+12.4% YoY
Annual Giving
$468K
+211.7% YoY
Grant Count
1
-97.8% YoY
Avg Grant Size
$468K
+14239.9% YoY
Mission & Focus Areas
The foundation's grant-making priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation primarily funds organizations in Massachusetts.
Grantmaking
Notable organizations funded include Cancer Connection and others across education, human services, and philanthropic sectors.
Grant Range
$500–$467,606
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Massachusetts.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total assets: $1,817,112
- Total revenues: $537,173
- Total expenses: $472,760
- Grants and contributions received: $434,960
- Investment income and dividends: $70,667
- Net gain from sale of non-inventory assets: $31,546
Staffing:
- 0 employees
Financial Trend: Total revenues increased significantly from $82,444 in 2023 to $537,173 in 2024, representing a 551.6% increase year-over-year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,817,112 | $1,616,469 | $1,584,970 |
| Revenue | $537,173 | $82,444 | $85,331 |
| Expenses | $472,760 | $157,220 | $104,626 |
| Qualifying Distributions | $471,560 | $155,813 | $103,396 |
| Net Investment Income | $123,852 | $80,847 | $86,866 |
| Distributable Amount | $86,656 | $75,456 | $60,955 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
174 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 |
|---|---|---|---|
| SARAH E DARLING | TREASURER | 1 | — |
| Suzanne Beck | DIRECTOR | 1 | — |
| Frank Stellato | DIRECTOR | 1 | — |
| ROBERT F BORAWSKI | DIRECTOR | 1 | — |
| Christine A Aubrey | DireCTOR | 1 | — |
| MELISSA RICHARDSON | CLERK | 1 | — |
| ANDRE J MOTULSKI | ASSISTANT TREASURER | 1 | — |
| Matthew Garrity | President | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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