Liberty Mutual Foundation Inc
Liberty Mutual Foundation Inc is a private independent foundation established in 2003 and headquartered in Boston, Massachusetts. As a company-sponsored foundation, it leverages the expertise, leadership, and financial strength of Liberty Mutual Insurance to support nonprofit organizations addressing critical social needs. The foundation operates with a mission to improve the lives of vulnerable populations through strategic philanthropic investments.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$46.1M
-0.9% YoY
Annual Giving
$50.6M
-3.2% YoY
Grant Count
706
-2.9% YoY
Avg Grant Size
$72K
-0.3% YoY
Mission & Focus Areas
The foundation's mission is to invest the expertise, leadership, and financial strength of Liberty Mutual Insurance and its employees to improve the lives of vulnerable neighbors. The foundation supports organizations involved with:
- Arts and culture
- Education
- Health
- Human services
- Community development
- Civic affairs
Special emphasis is directed toward:
- Programs providing accessibility for individuals of all abilities
- Security for men, women, and children experiencing homelessness
- Educational opportunities for children and youth living in poverty
The foundation operates through a strategic grantmaking framework that seeks to advance security and build resiliency for vulnerable people and communities.
Grantmaking
The foundation invites applications through Requests for Proposals (RFPs) in priority funding areas. Active grant opportunities include:
Grant Range
$35,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Massachusetts (with special focus on Greater Boston area)
- Washington State
- Texas
Grant opportunities are available only to nonprofits that run programming in select areas of Greater Boston and Washington State counties.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $46,120,876
- Total Revenue: $50,862,917
- Total Expenses: $51,298,250
- Total Liabilities: $0
The foundation ranks in the top 10% of foundations by asset size (#3,966 of 159,619 foundations nationally).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $46,120,876 | $46,556,209 | $53,067,139 |
| Revenue | $50,862,917 | $46,323,148 | $61,066,266 |
| Expenses | $51,298,250 | $52,834,078 | $48,382,798 |
| Qualifying Distributions | $50,580,017 | $52,240,174 | $47,449,394 |
| Net Investment Income | $33,161,765 | $39,654,573 | $55,215,232 |
| Distributable Amount | $2,655,264 | $1,940,675 | $2,021,182 |
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
250 grants across all recorded years
Open Grants
7 open opportunities from Liberty Mutual Foundation Inc
Liberty Mutual Foundation- Discretionary Grants
LIBERTY MUTUAL FOUNDATION INC
Amount
Varies
Deadline
Rolling / Open
Liberty Mutual Foundation- Discretionary Grants for Washington State
LIBERTY MUTUAL FOUNDATION INC
Amount
Varies
Deadline
Rolling / Open
Liberty Mutual Scholarship Grant
LIBERTY MUTUAL FOUNDATION INC
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board and Key Personnel:
- Melissa M MacDonnell - President
- Vlad Barbalat - Executive Vice President/Chief Information Officer/Director
- James Closson - Vice President
- Timothy M Sweeney - Director
- Neeti Bhalla Johnson - Director
- Ann T Stanberry - Director
- Christopher L Peirce - Executive Vice President, Chief Financial Officer, Treasurer, and Director
- Colleen K Lynch - Assistant Secretary
- Kristin L Kelley - Assistant Secretary
- Mary F Garlock - Assistant Secretary
- Michael B Garvey - Assistant Secretary
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TIMOTHY M SWEENEY | DIRECTOR | 1 | — |
| NEETI BHALLA JOHNSON | DIRECTOR | 1 | — |
| ANN T STANBERRY | DIRECTOR | 1 | — |
| MELISSA M MACDONNELL | PRESIDENT | 1 | — |
| VLAD BARBALAT | EXECUTIVE VP/CIO/DIRECTOR | 1 | — |
| JAMES CLOSSON | VICE PRESIDENT | 1 | — |
| COLLEEN K LYNCH | ASSISTANT SECRETARY | 1 | — |
| KRISTIN L KELLEY | ASSISTANT SECRETARY | 1 | — |
| MARY F GARLOCK | ASSISTANT SECRETARY | 1 | — |
| MICHAEL B GARVEY | ASSISTANT SECRETARY | 1 | — |
| MELANIE M FOLEY | DIRECTOR | 1 | — |
| MONICA CALDAS | DIRECTOR | 1 | — |
| NIK VASILAKOS | ASSISTANT TREASURER | 1 | — |
| THOMAS LOVVOLL | VICE PRESIDENT | 1 | — |
| MAURA MCKINNON | VICE PRESIDENT | 1 | — |
| JAMES M MACPHEE | DIRECTOR | 1 | — |
| DAMON P HART | EVP/CHIEF LEGAL OFFICER/SECY/DIR | 1 | — |
| MARK D'AMATO | ASSISTANT TREASURER | 1 | — |
| DAVID H LONG | CHAIRMAN/DIRECTOR | 1 | — |
| HAMID TALAL MIRZA | DIRECTOR | 1 | — |
| TREVOR G SCHNEIDER | VICE PRESIDENT | 1 | — |
| MICHAELA EDWARDS | VICE PRESIDENT | 1 | — |
| MILES JOHNSON | ASSISTANT TREASURER | 1 | — |
| ROBERT PIETSCH | ASSISTANT TREASURER | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation maintains active grantmaking with recent grants supporting housing stability, youth workforce development, and climate resiliency initiatives. The foundation announced a 2026 Strategic Overview Webinar scheduled for February 25, 2026, to introduce new leadership and outline the foundation's grantmaking strategy and goals for the coming year.
Liberty Mutual Foundation renews $25K grant to Nourishing Network, bringingRecent grant recipients include organizations focused on homelessness services, food security, workforce development, and climate-safe neighborhoods across its priority geographic regions.
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Liberty Mutual Foundation Inc on Grantable?
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