Hyde Charitable Foundation
Hyde Charitable Foundation is a private foundation established in 1982 and based in Southbridge, Massachusetts. The foundation operates as a 501(c)(3) organization with tax-exempt status since September 1982. It is a company-sponsored foundation affiliated with Hyde Tools (hydetools.com).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.2M
+5.7% YoY
Annual Giving
$230K
+18.1% YoY
Grant Count
31
+10.7% YoY
Avg Grant Size
$7K
+6.6% YoY
Under IRS private-foundation payout rules, Hyde Charitable Foundation reported a distributable amount of $254K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports organizations involved with:
- Education
- Human services
- Community development
- Philanthropy, voluntarism, and grantmaking
The foundation's primary geographic focus includes Massachusetts and South Carolina.
Grantmaking
Grant Range
s:** Typical awards range from $250 to $50,000.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Massachusetts and South Carolina.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $4,242,177
- Total Revenue: $478,988
- Total Expenses: $248,453
- Net Income: $230,535
- Total Liabilities: $0
The foundation's revenue is primarily derived from interest income, with no contributions received reported in the most recent filing.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,242,177 | $4,011,642 | $4,023,222 |
| Revenue | $478,988 | $202,877 | $330,603 |
| Expenses | $248,453 | $214,457 | $308,812 |
| Qualifying Distributions | $230,000 | $194,800 | $272,548 |
| Net Investment Income | $460,535 | $183,255 | $310,981 |
| Distributable Amount | $254,370 | $229,690 | $240,279 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
145 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Old Sturbridge Village ($50,000), Center of Hope ($40,000), Tri-community Ymca ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ABBY'S HOUSE WORCESTER, MA | COMMUNITY SERVICE | $500 |
| CENTER OF HOPE SOUTHBRIDGE, MA | COMMUNITY SERVICE | $40,000 |
| CHASE BJORK FOUNDATION CONCORD, MA | COMMUNITY SERVICE | $4,000 |
| GATEWAY PLAYERS THEATER SOUTHBRIDGE, MA | COMMUNITY SERVICE | $1,000 |
| GIRL SCOUTS OF CENTRAL MA COUNCIL WORCESTER, MA | RELIGIOUS | $1,000 |
| HEART OF NEW ENGLAND COUNCIL- BSA RUTLAND, MA | COMMUNITY SERVICE | $1,000 |
| JEREMIAH'S INN WORCESTER, MA | COMMUNITY SERVICE | $500 |
| LOW COUNTRY EQUINE-ASSISTED PSYCHOTHERAPY (LEAP) WORCESTER, MA | EDUCATIONAL | $1,000 |
| MUSIC WORCESTER WORCESTER, MA | EDUCATIONAL | $2,000 |
| OLD STURBRIDGE VILLAGE STURBRIDGE, MA | ARTS & SCIENCES | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT B CLEMENCE | TRUSTEE | 2 | — |
| ELIZABETH H PEPPEL | TRUSTEE | 2 | — |
| RONALD P CARLSON | TREASURER | 2 | — |
| ANDREW R PEPPEL | TRUSTEE | 2 | — |
| TAMMY C RAWLS | TRUSTEE | 2 | — |
Contact Information
- Address: 54 Eastford Road, Southbridge, MA 01550-3604
- Phone: 508-764-4344
- Website: hydetools.com
Frequently Asked Questions
What does Hyde Charitable Foundation fund?
The foundation supports organizations involved with: • Education • Human services • Community development • Philanthropy, voluntarism, and grantmaking The foundation's primary geographic focus includes Massachusetts and South Carolina.
How do I apply for a grant from Hyde Charitable Foundation?
**Grant Sizes:** Typical awards range from $250 to $50,000. **Recent Giving Activity:** In fiscal year 2024, the foundation distributed $230,000 in total giving.
Where does Hyde Charitable Foundation make grants?
The foundation primarily funds organizations in Massachusetts and South Carolina.
What size grants does Hyde Charitable Foundation award?
In 2024, Hyde Charitable Foundation awarded 31 grants totaling $230K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Hyde Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hyde Charitable Foundation reported a distributable amount of $254K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hyde Charitable Foundation's EIN?
Hyde Charitable Foundation's EIN (Employer Identification Number) is 04-2752893. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hyde Charitable Foundation'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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