Main Street Group Foundation Inc
Main Street Group Foundation Inc is a private foundation based in Marlborough, Massachusetts. It supports 501(c)(3) public charities in communities served by Main Street Bank, with a stated aim of supporting community organizations that contribute to the quality of life and welfare of those communities.
Main Street Group Foundation Inc at a glance
In short: Main Street Group Foundation Inc gave $261K across 35 grants in 2024 (avg $7K), mostly in Massachusetts. 64% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $261,293
- +62.4% vs 2023
- Grants made (2024)
- 35
- +66.7% vs 2023
- Average grant
- $7,466
- -2.5% vs 2023
- Median grant
- $8,000
- Total assets
- $2,159,114
- +49.6% vs 2023
- New grantees (estimate)
- 64% first-time grantees (21 of 33, 2024)
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Main Street Group Foundation Inc
- How to Apply
-
Contact Walter J Dwyer IV. Contact the foundation for application forms and materials. Grants are restricted to 501(c)(3) public charities located in communities served by Main Street Bank.
- Contact
Application contact: Walter J Dwyer Iv
Mailing address: 81 Granger Blvd, Marlborough, MA 01752
Phone: (978) 772-3306
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Main Street Group Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Boston Arts Academy Foundation ($20K across 2 grants). Together the top 10 received $130K.
Organizations only. It also paid 1 grant to individuals ($1,000), which are not listed by name.
Grant Size Distribution
88 grants across all recorded years
The most common grant size was under $50K: 87 grants of 88 (99%).
Geographic Focus
Where this funder awards grants
The foundation’s stated service area includes communities surrounding Marlborough and Ayer, Massachusetts, and the greater Northern Middlesex County area. All grant dollars reported for 2024 went to recipients in Massachusetts.
Grant Distribution by State
Share of 2024 grant dollars across all 35 itemized grants.
States
Cities
Is Main Street Group Foundation Inc open to new grantees?
64%
first-time grantees, 2024
In 2024, 21 of 33 grantees (64%) were first-time recipients. First grants averaged $8K; repeat grants $7K. How we count
Medians: $10K first-time, $7K repeat.
- 33% of 2024 grantees were also funded in 2023. Method
- Giving grew 142% from 2021 to 2024. Method
- In 2024 it paid out 294% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2024). 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 2021 to 2024, annual grant giving ranged from $108K (2021) to $261K (2024). In 2024 it made 35 grants totaling $261K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| North Star Family Services Leominster, MA | North star family services seeks support in funding their shelter operations for the year. | $20,000 |
| 495METROWEST Corridor Partnership Charitable Trust Westborough, MA | Funding will be utilized solely to support staff of the 495/metrowest partnership in the conduct of research, stakeholder engagement, and work in revising and presenting the desired "vison and priorities" statement. | $15,000 |
| Community Foundation for Metrowest Natick, MA | To continue mission to support income and financial stability for underserved youth and underemployed and unemployed adults. | $15,000 |
| Cooperative Production (Co-Op) North Dighton, MA | Funding will contribute to acquiring a dodge grand caravan seven passenger van. | $10,293 |
| Boros Cares 4 Troops (BC4T) Northborough, MA | Funding Will Support the Organization's Veteran's Food Kitchen. | $10,000 |
| Boston Arts Academy Foundation Boston, MA | General Support | $10,000 |
| Boston Arts Academy Foundation Boston, MA | Funds will support a sponsorship of $10,000 for organization's met gala | $10,000 |
| Clear Path for Veterans New England Inc Devens, MA | Funds to provide operational support for the access to healthy foods, veterans housing, and the warrior wellness reset programs. | $10,000 |
| Community Foundation of North Central Massachusetts Fitchburg, MA | The owl campaign is seeking funds to renovate and expand the library space and create a new children's library and learning center. | $10,000 |
| Girls on the Run Worcester County Uxbridge, MA | To support 39 program site locations as well as to expand to additional program sites across Worcester county. | $10,000 |
Ready to take the next step with Main Street Group Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,159,114 | $986,279 | $274,890 | $261,293 | 35 | $261,293 | $875,252 | $88,963 |
| 2023 | $1,443,082 | $122,667 | $177,496 | $160,869 | 21 | $160,869 | $104,247 | $81,078 |
| 2022 | $1,497,911 | $113,596 | $149,823 | $128,250 | 14 | $128,250 | $96,941 | $80,442 |
| 2021 | $1,534,138 | $186,312 | $127,180 | $108,140 | 18 | — | $180,853 | $81,384 |
Under IRS private-foundation payout rules, Main Street Group Foundation Inc reported a distributable amount of $89K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filing describes support for community organizations that contribute to the quality of life and welfare of people and institutions in the communities it serves. Its 2024 grants include support for shelter operations, veterans’ services, youth programs, arts education, housing repairs, and community economic initiatives.
Grantees describe their work in varied ways. North Star Family Services says it provides stable housing, comprehensive services, and advocacy for families in need. Clear Path for Veterans New England describes its work as providing wellness and wellbeing services to veterans and family members. Boston Arts Academy Foundation says it raises funds in support of Boston Arts Academy, a public high school for the arts.
Grantmaking
In 2024, the foundation reported 35 grants totaling $261,293. Grants ranged from $1,000 to $20,000, with a median grant of $8,000. Notable grants included $20,000 to North Star Family Services for shelter operations; $15,000 each to 495MetroWest Corridor Partnership Charitable Trust and Community Foundation for MetroWest; and $10,000 each to Boros Cares 4 Troops, Clear Path for Veterans New England, Girls on the Run Worcester County, and Habitat for Humanity NCM.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Ellen Dorian as president; Walter J Dwyer IV as CEO; Gretchen Herdrich as secretary; and Christopher Seidlich, Ruth Cavanagh, Jeff Tucker, David Felton, and Julie Aldie as directors. Julie Aldie’s listing notes that she left on September 13, 2024.
Main Street Group Foundation Inc is led by Walter J. Dwyer IV, CEO since 2024 (on filings since 2021); none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Walter J. Dwyer IV
CEO
Director → CEO, 2024
On filings since 2021
1 hr/week
No compensation reported
Ellen Dorian
President
On filings since 2021
1 hr/week
No compensation reported
Jeff Tucker
Director
On filings since 2021
1 hr/week
No compensation reported
Ruth Cavanagh
Director
On filings since 2021
1 hr/week
No compensation reported
Christopher Seidlich
Director
On filings since 2023
1 hr/week
No compensation reported
David Felton
Director
New on the 2024 filing
1 hr/week
No compensation reported
Julie Aldie Left
Director
New on the 2024 filing
1 hr/week
No compensation reported
Gretchen Herdrich
Secretary
On filings since 2022
1 hr/week
No compensation reported
Former officers (2)
- Former: Paul Musgrove (2021–2022) — Treasurer
- Former: Viktoriya Skuz (2021) — Secretary
Data from IRS Form 990 filings, 2021–2024. "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 Main Street Group Foundation Inc
How much does Main Street Group Foundation Inc give each year?
Main Street Group Foundation Inc gave $261K across 35 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $161K across 21 grants.
What is Main Street Group Foundation Inc's typical grant size?
Main Street Group Foundation Inc's median grant in 2024 was $8,000, and its average grant was $7,466, across 35 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Main Street Group Foundation Inc that year got $8K on average.
Where does Main Street Group Foundation Inc give grants?
Main Street Group Foundation Inc gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Marlborough, MA (6 grants), Boston, MA (4 grants), Fitchburg, MA (3 grants) and Framingham, MA (2 grants).
Does Main Street Group Foundation Inc give general operating support?
Occasionally: 6% of Main Street Group Foundation Inc's 2024 grants with a stated purpose (2 of 35) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Main Street Group Foundation Inc's largest grantees?
Main Street Group Foundation Inc's largest 2024 grantees include Boston Arts Academy Foundation ($20,000 across 2 grants), North Star Family Services ($20,000) and 495METROWEST Corridor Partnership Charitable Trust ($15,000), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($1,000), which are not listed by name. Together they received 21% of its itemized 2024 grant dollars.
How large is Main Street Group Foundation Inc?
Main Street Group Foundation Inc reported $2.2M in total assets on its 2024 IRS Form 990-PF. It paid out $261K in qualifying distributions that year, against a required minimum of $89K (roughly 5% of its investment assets).
What does Main Street Group Foundation Inc fund?
The foundation’s filing describes support for community organizations that contribute to the quality of life and welfare of people and institutions in the communities it serves. See mission & focus areas ↑
How do I apply for a grant from Main Street Group Foundation Inc?
Contact Walter J Dwyer IV. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Main Street Group Foundation Inc's EIN?
Main Street Group Foundation Inc's EIN (Employer Identification Number) is 20-1834861. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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Cite this profile
Grantable. (2026). Main Street Group Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/main-street-group-foundation-inc-morg_46a4b95c8c7f482f963798f3cbb0ca5b
BibTeX
@misc{grantable_201834861_2026,
author = {{Grantable}},
title = {{Main Street Group Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/main-street-group-foundation-inc-morg_46a4b95c8c7f482f963798f3cbb0ca5b},
note = {Accessed 2026-10-15. 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 Main Street Group Foundation Inc'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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