Martha's Vineyard Bank Charitable Foundation is a private foundation and corporate foundation of Martha's Vineyard Bank, a regional savings bank. Based in Edgartown, Massachusetts, the foundation was established in 2019 and operates as a 501(c)(3) organization. The foundation focuses on supporting exempt purposes and community needs on Martha's Vineyard.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.9M
+6.4% YoY
Annual Giving
$1.1M
-16.1% YoY
Grant Count
1
-99.7% YoY
Avg Grant Size
$1.1M
+26235.7% YoY
Under IRS private-foundation payout rules, Martha's Vineyard Bank Charitable reported a distributable amount of $210K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds exempt purposes with a demonstrated commitment to community health and food security. Recent initiatives include providing COVID testing equipment and masks for the community testing center. The foundation supports organizations such as the Island Food Pantry and made 317 grants in the most recent reporting year.
Grantmaking
The foundation is an active grantmaker with significant annual giving. In fiscal year 2024, the foundation made 317 grants. Total grants and contributions distributed in 2024 reached $1,657,099, representing a substantial increase from $508,721 in 2023 (a 225.7% increase year-over-year).
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Geographic Focus
Where this funder awards grants
The foundation focuses its grantmaking on Martha's Vineyard and the surrounding community in Massachusetts, with particular emphasis on local organizations serving the island.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total Assets: $4,878,250
- Total Revenues: $1,713,571
- Total Expenses: $1,476,008
- Grants and Contributions: $1,657,099
- Investment Income and Dividends: $86,199
The foundation has no employees and operates with volunteer leadership.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,878,250 | $4,586,395 | $5,298,721 |
| Revenue | $1,713,571 | $601,256 | $2,264,895 |
| Expenses | $1,476,008 | $1,431,162 | $840,544 |
| Qualifying Distributions | $1,471,180 | $1,431,162 | $834,844 |
| Net Investment Income | $143,424 | $244,732 | $55,355 |
| Distributable Amount | $210,473 | $236,805 | $184,088 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
201 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Grants & Contributions Paid ($1,145,346).
| Recipient | Purpose | Amount |
|---|---|---|
| Grants & Contributions Paid Edgartown, MA | EXEMPT PURPOSE | $1,145,346 |
Leadership & Key People
Leadership team and compensation from IRS filings
- James M Anthony — President and Chief Executive Officer
- Charles Kroll — Vice President, Treasurer, and Chief Financial Officer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Alison Shaw | Clerk | 1 | — |
| Ann Tyra Retired 112024 | Director | 1 | — |
| BETH S COLT | director | 1 | — |
| Donna L Cummens | Director | 1 | — |
| George Davis | Director | 1 | — |
| George Santos | director | 1 | — |
| James Anthony | President/Director | 1 | — |
| James Hagerty | director | 1 | — |
| Jennifer Smith Turner | Director | 1 | — |
| Reid Silva | Director | 1 | — |
| Ronald Rappaport Retired 112024 | Director | 1 | — |
| Stever Aubrey | director | 1 | — |
| Wayne Lamson | Treasurer | 1 | — |
| Charles Kroll | VP/Treasurer/CFO | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Martha's Vineyard Bank Charitable fund?
The foundation primarily funds exempt purposes with a demonstrated commitment to community health and food security. Recent initiatives include providing COVID testing equipment and masks for the community testing center. The foundation supports organizations such as the Island Food Pantry and made 317 grants in the most recent reporting year.
How do I apply for a grant from Martha's Vineyard Bank Charitable?
The foundation is an active grantmaker with significant annual giving. In fiscal year 2024, the foundation made 317 grants. Total grants and contributions distributed in 2024 reached $1,657,099, representing a substantial increase from $508,721 in 2023 (a 225.7% increase year-over-year).
Where does Martha's Vineyard Bank Charitable make grants?
The foundation focuses its grantmaking on Martha's Vineyard and the surrounding community in Massachusetts, with particular emphasis on local organizations serving the island.
What size grants does Martha's Vineyard Bank Charitable award?
In 2024, Martha's Vineyard Bank Charitable awarded 1 grants totaling $1.1M — an average of about $1.1M per grant, based on its IRS Form 990 filings.
How much is Martha's Vineyard Bank Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Martha's Vineyard Bank Charitable reported a distributable amount of $210K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Martha's Vineyard Bank Charitable's EIN?
Martha's Vineyard Bank Charitable's EIN (Employer Identification Number) is 83-2908212. IRS Form 990 filing data is available on this page for 2020–2024.
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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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