Leader Bank Charitable Foundation Corporation
Leader Bank Charitable Foundation Corporation is a private foundation based in Arlington, Massachusetts. Its 2025 grants supported organizations working in areas including affordable housing, immigration and legal assistance, education and arts, small-business support, financial education, and hunger relief.
Leader Bank Charitable Foundation Corporation at a glance
In short: Leader Bank Charitable Foundation Corporation gave $141K across 50 grants in 2025 (avg $3K), mostly in Massachusetts. 36% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $141,250
- +30.3% vs 2024
- Grants made (2025)
- 50
- +6.4% vs 2024
- Average grant
- $2,825
- +22.5% vs 2024
- Median grant
- $2,500
- Total assets
- $222,321
- -8.2% vs 2024
- New grantees (estimate)
- 36% first-time grantees (18 of 50, 2025)
- Primary geography
- Massachusetts (99% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Leader Bank Charitable Foundation Corporation
- How to Apply
-
Applicants may use the foundation’s grant form or submit their own letter, including the reason for the request and the scope of activities. Awards must go to a 501(c)(3) public charity that conducts charitable work rather than grantmaking. The foundation gives preference to organizations with a footprint in Eastern Massachusetts.
- Contact
Application contact: Brook Ames
Mailing address: 180 Massachusetts Avenue, Arlington, MA 02474
Phone: (781) 641-7550
Email: bames@leaderbank.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Leader Bank Charitable Foundation Corporation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was RefugePoint Inc ($10K). Together the top 10 received $67K.
Grant Size Distribution
188 grants across all recorded years
The most common grant size was under $50K: 187 grants of 188 (99%).
Geographic Focus
Where this funder awards grants
In 2025, 99% of grant dollars went to recipients in Massachusetts and 1% to recipients in New York. The foundation states a preference for organizations with a footprint in Eastern Massachusetts.
Grant Distribution by State
Share of 2025 grant dollars across all 50 itemized grants.
Cities
Is Leader Bank Charitable Foundation Corporation open to new grantees?
36%
first-time grantees, 2025
In 2025, 18 of 50 grantees (36%) were first-time recipients. First grants averaged $2K; repeat grants $3K. How we count
Medians: $2K first-time, $3K repeat.
- 60% of 2025 grantees were also funded in 2024. Method
- Giving grew 81% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $47K (2020) to $141K (2025). In 2025 it made 50 grants totaling $141K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| RefugePoint Inc Boston, MA | Immigration Assistance | $10,400 |
| Mass Affordable Housing Alliance Dorchester, MA | Affordable Housing Assistance | $10,000 |
| Mass Association of CDCs Boston, MA | Affordable Housing Assistance | $8,000 |
| Merrimack Valley Housing Lowell, MA | Affordable Housing Assistance | $7,500 |
| Project Citizenship Boston, MA | Legal Aid Assistance | $6,000 |
| Arlington Housing Auth Foundation Arlington, MA | Affordable Housing Assistance | $5,000 |
| Cabot Performing Arts Center Inc Beverly, MA | Education & Arts | $5,000 |
| Housing Corporation of Arlington Arlington, MA | Affordable Housing Assistance | $5,000 |
| Ron Burton Training Village Braintree, MA | Education | $5,000 |
| TiE Boston Inc Cambridge, MA | Small Business Support | $5,000 |
Ready to take the next step with Leader Bank Charitable Foundation Corporation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $222,321 | $121,589 | $141,344 | $141,250 | 50 | $282,500 | $1,535 | $10,373 |
| 2024 | $242,076 | $2,918 | $108,514 | $108,400 | 47 | $108,400 | $2,864 | $15,302 |
| 2023 | $347,672 | $4,397 | $91,066 | $90,950 | 40 | $90,950 | $4,325 | $20,184 |
| 2022 | $434,341 | $3,167 | $78,167 | $78,100 | 26 | $78,100 | $3,132 | $23,831 |
| 2021 | $509,341 | $2,414 | $101,445 | $101,100 | 25 | $101,100 | $2,289 | $27,643 |
| 2020 | $608,372 | $278,693 | $47,429 | $47,200 | 16 | — | $3,568 | $23,581 |
Under IRS private-foundation payout rules, Leader Bank Charitable Foundation Corporation reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants show support for a range of charitable activities. For example, Merrimack Valley Housing describes its work as promoting sustainable homeownership for low- and moderate-income earners through training, counseling, and assistance programs. Project Citizenship says it provides free services to legal permanent residents seeking U.S. citizenship, while RefugePoint describes its work as expanding lasting solutions for refugees, including pathways to safety and self-reliance. Other 2025 recipients include organizations whose stated missions involve affordable housing, youth development, performing arts, and food access.
Grantmaking
In filing year 2025, the foundation made 50 grants totaling $141,250. Grant amounts ranged from $500 to $10,400, with a median of $2,500. Among the largest grants were $10,400 to RefugePoint Inc. for immigration assistance; $10,000 to Mass Affordable Housing Alliance and $8,000 to Mass Association of CDCs for affordable housing assistance; and $6,000 to Project Citizenship for legal aid assistance. Other notable awards included $5,000 each to Arlington Housing Auth Foundation, Housing Corporation of Arlington, Cabot Performing Arts Center, Ron Burton Training Village, TiE Boston, and Financial Education Assocs.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Sushil Tuli as President and Director; Brook Ames as Secretary; Brian Taylor as Treasurer; and Peter Conrad, Priscilla Douglas, VG Narayanan, Eric Silverman, and Peter Palandjian as Directors.
Leader Bank Charitable Foundation Corporation is led by Sushil Tuli, President & Director since 2022 (on filings since 2020); none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Sushil Tuli
President & Director
President & Director → President, 2021
President → President & Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Eric Silverman
Director
On filings since 2020
1 hr/week
No compensation reported
Peter Conrad
Director
On filings since 2020
1 hr/week
No compensation reported
Peter Palandjian
Director
On filings since 2020
1 hr/week
No compensation reported
Priscilla Douglas
Director
On filings since 2020
1 hr/week
No compensation reported
VG Narayanan
Director
On filings since 2023
1 hr/week
No compensation reported
Brian Taylor
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Brook Ames
Secretary
On filings since 2020
3 hrs/week
No compensation reported
Former officers (1)
- Former: Vilangadu Narayanan (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2025. "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 Leader Bank Charitable Foundation Corporation
How much does Leader Bank Charitable Foundation Corporation give each year?
Leader Bank Charitable Foundation Corporation gave $141K across 50 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $108K across 47 grants.
What is Leader Bank Charitable Foundation Corporation's typical grant size?
Leader Bank Charitable Foundation Corporation's median grant in 2025 was $2,500, and its average grant was $2,825, across 50 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Leader Bank Charitable Foundation Corporation that year got $2K on average.
Where does Leader Bank Charitable Foundation Corporation give grants?
Leader Bank Charitable Foundation Corporation gives mostly in Massachusetts: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (13 grants), Arlington, MA (5 grants), Cambridge, MA (3 grants) and Falmouth, MA (3 grants).
Does Leader Bank Charitable Foundation Corporation give general operating support?
Not in 2025: none of the 50 grants with a stated purpose on Leader Bank Charitable Foundation Corporation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Affordable Housing Assistance" (18 grants), "Hunger Relief" (6 grants) and "Small Business Support" (5 grants).
Who are Leader Bank Charitable Foundation Corporation's largest grantees?
Leader Bank Charitable Foundation Corporation's largest 2025 grantees include RefugePoint Inc ($10,400), Mass Affordable Housing Alliance ($10,000) and Mass Association of CDCs ($8,000), according to its 2025 IRS Form 990-PF. Together they received 20% of its itemized 2025 grant dollars.
How large is Leader Bank Charitable Foundation Corporation?
Leader Bank Charitable Foundation Corporation reported $222K in total assets on its 2025 IRS Form 990-PF. It paid out $283K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
What does Leader Bank Charitable Foundation Corporation fund?
No mission statement for the foundation is provided. Its 2025 grants show support for a range of charitable activities. See mission & focus areas ↑
How do I apply for a grant from Leader Bank Charitable Foundation Corporation?
Applicants may use the foundation’s grant form or submit their own letter, including the reason for the request and the scope of activities. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Leader Bank Charitable Foundation Corporation's EIN?
Leader Bank Charitable Foundation Corporation's EIN (Employer Identification Number) is 83-3443018. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Leader Bank Charitable Foundation Corporation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Leader Bank Charitable Foundation Corporation funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/leader-bank-charitable-foundation-corporation-morg_c89057fea0cd492394efd317fe5df801
BibTeX
@misc{grantable_833443018_2026,
author = {{Grantable}},
title = {{Leader Bank Charitable Foundation Corporation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/leader-bank-charitable-foundation-corporation-morg_c89057fea0cd492394efd317fe5df801},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Leader Bank Charitable Foundation Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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