Framingham State University Foundation Inc
To receive and maintain funds to be used in the best interest of framingham state university for the development, promotion and benefit of the university and its students.
Key facts about Framingham State University Foundation Inc
In short: Framingham State University Foundation Inc gave $265K across 1 grant in 2025 (avg $265K), mostly in Massachusetts. Source: 2025 IRS Form 990.
- EIN
- 04-2742666
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $265,219
- Grants made (2025)
- 1
- Average grant
- $265,219
- Median grant
- $265,219
- Total assets
- $23,661,699
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$23.7M
+40.8% YoY
Annual Giving
$265K
-32.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$265K
-32.7% YoY
How Framingham State University Foundation Inc gives
- Giving fell 38% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Framingham State University Foundation Inc
Based on IRS filings
Framingham State University Foundation Inc is a public charity, based in Framingham, MA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $23.7M in total assets. In 2025, it awarded 1 grant totaling $265K. Net investment income was $1.1M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $128K (2021) to $526K (2023). In 2025 it made 1 grant totaling $265K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Framingham State University ($265K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 3 grants of 5 (60%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Framingham State University Framingham, MA | Various Programs | $265,219 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $23,661,699 | $16,801,842 | $15,376,898 |
| Revenue | $7,989,355 | $2,100,242 | $2,093,585 |
| Expenses | $1,680,347 | $1,836,687 | $1,833,552 |
| Net Investment Income | $1,096,027 | $462,756 | $407,438 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 3, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 19, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 26, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 15, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS October 31, 2025)
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
Framingham State University Foundation Inc is led by Eric Gustafson, Executive Director on every filing since 2021; none of the 29 officers listed in 2025 report compensation.
Officers on the 2025 filing
Eric Gustafson
Executive Director
On filings since 2021
40 hrs/week
No compensation reported
Michael Gatlin
President
Director → President, 2024
On filings since 2021
1 hr/week
No compensation reported
Claire Esten
Director
On filings since 2021
1 hr/week
No compensation reported
Dennis Alves
Director
On filings since 2021
1 hr/week
No compensation reported
Duc Le
Director
On filings since 2021
1 hr/week
No compensation reported
Helen Heineman
Director
On filings since 2021
1 hr/week
No compensation reported
Joan Murtaugh
Director
On filings since 2021
1 hr/week
No compensation reported
Kevin Foley
Director
On filings since 2021
1 hr/week
No compensation reported
Michelle Murphy
Director
On filings since 2021
1 hr/week
No compensation reported
Pervez Mazeed
Director
On filings since 2021
1 hr/week
No compensation reported
Robert Bonnevie
Director
Clerk → Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Robert Fields
Director
On filings since 2021
1 hr/week
No compensation reported
Steve Devine
Director
On filings since 2021
1 hr/week
No compensation reported
Elaine Martin
Director
On filings since 2022
1 hr/week
No compensation reported
Juan Rodriguez
Director
On filings since 2022
1 hr/week
No compensation reported
Ann Muir
Director
New on the 2025 filing
1 hr/week
No compensation reported
Debra Cleveland
Director
New on the 2025 filing
1 hr/week
No compensation reported
Elinor Goodwin
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jospeh Palowich
Director
New on the 2025 filing
1 hr/week
No compensation reported
Kelly Sardella
Director
New on the 2025 filing
1 hr/week
No compensation reported
Maureen Remeika
Director
New on the 2025 filing
1 hr/week
No compensation reported
Michele Saulis
Director
New on the 2025 filing
1 hr/week
No compensation reported
Robert Powers
Director
New on the 2025 filing
1 hr/week
No compensation reported
Serena Gilchrest
Director
New on the 2025 filing
1 hr/week
No compensation reported
Steven Whittemore
Director
New on the 2025 filing
1 hr/week
No compensation reported
James Hastings
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Kathleen Freeman
Vice President
Director → Vice President, 2022
On filings since 2021
1 hr/week
No compensation reported
Margaret Guardiani
Clerk
Director → Clerk, 2023
On filings since 2021
1 hr/week
No compensation reported
Robert Power
Assistant Treasurer
Director → Assistant Treasurer, 2025
On filings since 2021
1 hr/week
No compensation reported
Former officers (10)
- Former: Barbara Gardner (2021–2024) — Director
- Former: Daniel Remillard (2021–2024) — Director
- Former: David Weinberg (2021–2024) — Director
- Former: Joseph Palowich Jr. (2021–2024) — Director
- Former: Brian Lannigan (2021–2023) — Director
- Former: Robert Ramrath (2021–2023) — President
- Former: Robert Zaccardi (2021–2023) — Director
- Former: Derek Canton (2021–2022) — Director
- Former: Joseph Tosches (2021–2022) — Director
- Former: Timothy Cornely (2021) — Director
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 Framingham State University Foundation Inc
How much does Framingham State University Foundation Inc give each year?
Framingham State University Foundation Inc gave $265K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $394K across 1 grant.
How large is Framingham State University Foundation Inc?
Framingham State University Foundation Inc reported $23.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $8.0M.
Where does Framingham State University Foundation Inc operate?
Framingham State University Foundation Inc has awarded grants in Massachusetts.
What is Framingham State University Foundation Inc's EIN?
Framingham State University Foundation Inc's EIN (Employer Identification Number) is 04-2742666. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Framingham State University Foundation Inc by hand.
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