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
Under IRS private-foundation payout rules, Florence Savings Charitable reported a distributable amount of $87K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Total Contributions Paid ($467,606).
| Recipient | Purpose | Amount |
|---|---|---|
| Total Contributions Paid Florence, MA | Exempt Purpose | $467,606 |
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
Frequently Asked Questions
What does Florence Savings Charitable fund?
The foundation's grant-making priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation primarily funds organizations in Massachusetts.
How do I apply for a grant from Florence Savings Charitable?
**Grant Activity:** • Made 45 grants in the most recent fiscal year • Typical grant range: $500–$467,606 • Total giving in 2024: $467,606 **Recent Grant Recipients:** Notable organizations funded include Cancer Connection and others across education, human services, and philanthropic sectors.
Where does Florence Savings Charitable make grants?
The foundation primarily funds organizations in Massachusetts.
What size grants does Florence Savings Charitable award?
In 2024, Florence Savings Charitable awarded 1 grants totaling $468K — an average of about $468K per grant, based on its IRS Form 990 filings.
How much is Florence Savings Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Florence Savings Charitable reported a distributable amount of $87K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Florence Savings Charitable's EIN?
Florence Savings Charitable's EIN (Employer Identification Number) is 04-3422869. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Florence Savings Charitable's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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