Martha's Vineyard Bank Charitable
An individual recipient Bank Charitable is a private foundation based in Edgartown, Massachusetts. Its 2025 filing lists grants to charitable organizations, with the stated purpose for the largest grants being “exempt purpose.”
Martha's Vineyard Bank Charitable at a glance
In short: Martha's Vineyard Bank Charitable gave $1.1M across 154 grants in 2025 (avg $7K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,122,078
- -2.0% vs 2024
- Grants made (2025)
- 154
- +15300.0% vs 2024
- Average grant
- $7,286
- -99.4% vs 2024
- Median grant
- $2,500
- Total assets
- $6,671,828
- +36.8% vs 2024
- Primary geography
- Massachusetts (95% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Martha's Vineyard Bank Charitable
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 78 Main Street, Edgartown, MA 02539
Phone: (508) 684-4266
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Martha's Vineyard Bank Charitable funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Martha's Vineyard Ocean Academy ($251K). Together the top 10 received $726K.
Organizations only. It also paid 1 grant to individuals ($16,000), which are not listed by name.
Grant Size Distribution
752 grants across all recorded years
The most common grant size was under $50K: 739 grants of 752 (98%).
Geographic Focus
Where this funder awards grants
In 2025, 95% of grant dollars went to recipients in Massachusetts. The remaining reported shares were Wisconsin, Pennsylvania, California, and the District of Columbia, at 1% each.
Grant Distribution by State
Share of 2025 grant dollars across all 154 itemized grants.
States
Cities
How Martha's Vineyard Bank Charitable gives
- Giving grew 58% from 2022 to 2025. Method
- In 2025 it paid out 613% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $545K (2020) to $1.4M (2023). In 2025 it made 154 grants totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Martha's Vineyard Ocean Academy Vineyard Haven, MA | Exempt Purpose | $251,000 |
| Chilmark Preschool Chilmark, MA | Exempt Purpose | $200,200 |
| Friends Nobska Light Falmouth, MA | Exempt Purpose | $101,000 |
| Falmouth Housing Trust Falmouth, MA | Exempt Purpose | $64,000 |
| MV Youth Chilmark, MA | Exempt Purpose | $26,000 |
| Featherstone Center for the Arts Oak Bluffs, MA | Exempt Purpose | $25,500 |
| Martha's Vineyard Boys & Girls Club Edgartown, MA | Exempt Purpose | $22,000 |
| 1 grant to individuals Recipients not named | — | $16,000 |
| Martha's Vineyard Public School Vineyard Haven, MA | Exempt Purpose | $12,899 |
| Belonging to Each Other Falmouth, MA | Exempt Purpose | $12,000 |
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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 | $6,671,828 | $2,893,270 | $1,451,109 | $1,122,078 | 154 | $1,450,933 | $129,233 | $236,860 |
| 2024 | $4,878,250 | $1,713,571 | $1,476,008 | $1,145,346 | 1 | $1,471,180 | $143,424 | $210,473 |
| 2023 | $4,586,395 | $601,256 | $1,431,162 | $1,365,594 | 314 | $1,431,162 | $244,732 | $236,805 |
| 2022 | $5,298,721 | $2,264,895 | $840,544 | $709,425 | 141 | $834,844 | $55,355 | $184,088 |
| 2021 | $4,313,309 | $2,440,088 | $640,719 | $557,606 | 142 | $640,156 | $212,305 | $125,627 |
| 2020 | $2,557,120 | $1,168,504 | $629,670 | $544,644 | 68 | — | $18,947 | $90,654 |
Under IRS private-foundation payout rules, Martha's Vineyard Bank Charitable reported a distributable amount of $237K 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 is provided. The 2025 grants include support for organizations in education, housing, arts, youth services, hospice and palliative care, and animal sheltering, as indicated by the recipients’ names.
Grantmaking
In filing year 2025, the foundation reported 154 grants totaling $1,122,078. Grant amounts ranged from $40 to $251,000, with a median of $2,500.
The largest listed grants included $251,000 to an individual recipient Ocean Academy, $200,200 to Chilmark Preschool, $101,000 to Friends Nobska Light, and $64,000 to Falmouth Housing Trust. Other grants included $26,000 to MV Youth, $25,500 to Featherstone Center for the Arts, and $22,000 to an individual recipient Boys & Girls Club.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists James Anthony as president/director. Alison Shaw is listed as clerk; Beth S Colt, Donna L Cummens, George Davis, George Santos, James Hagerty, Jennifer Smith Turner, and Reid Silva as directors; and Stever Aubrey as vice chair.
Martha's Vineyard Bank Charitable is led by James M. Anthony, President & Director since 2024 (on filings since 2020); none of the 13 officers listed in 2025 report compensation.
Officers on the 2025 filing
James M. Anthony
President & Director
President & Director → President & CEO, 2023
President & CEO → President & Director, 2024
On filings since 2020
1 hr/week
No compensation reported
Beth S. Colt
Director
On filings since 2020
1 hr/week
No compensation reported
Donna L. Cummens
Director
On filings since 2020
1 hr/week
No compensation reported
George A. Santos
Director
On filings since 2020
1 hr/week
No compensation reported
Reid G. Silva
Director
On filings since 2020
1 hr/week
No compensation reported
Jennifer Smith Turner
Director
On filings since 2021
1 hr/week
No compensation reported
George Davis
Director
On filings since 2023
1 hr/week
No compensation reported
James Hagerty
Director
On filings since 2023
1 hr/week
No compensation reported
Brett Sanidas
Director
New on the 2025 filing
1 hr/week
No compensation reported
Isabelle Lew
Director
New on the 2025 filing
1 hr/week
No compensation reported
Alison Shaw
Clerk
Director → Clerk, 2024
On filings since 2020
1 hr/week
No compensation reported
Charles A. Kroll
Treasurer
Treasurer → Vice President, Treasurer & CFO, 2023
Vice President, Treasurer & CFO → Treasurer, 2025
On filings since 2020
1 hr/week
No compensation reported
Stever H. Aubrey
Vice Chair
Director → Vice Chair, 2025
On filings since 2020
1 hr/week
No compensation reported
Former officers (7)
- Former: Wayne C. Lamson (2020–2025) — Director · Filing note: Ended 112025
- Former: Ann M. Tyra (2020–2024) — Director · Filing note: Retired 112024
- Former: Ronald Rappaport (2021–2024) — Director · Filing note: Retired 112024
- Former: Kenneth C. Galley (2020–2023) — Clerk & Director · Filing note: Retired 112023
- Former: Antonio G. Darosa (2020–2021) — Director
- Former: Robert Tankard (2020–2021) — Director
- Former: Frank Fenner (2021) — 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 Martha's Vineyard Bank Charitable
How much does Martha's Vineyard Bank Charitable give each year?
Martha's Vineyard Bank Charitable gave $1.1M across 154 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.1M across 1 grant.
What is Martha's Vineyard Bank Charitable's typical grant size?
Martha's Vineyard Bank Charitable's median grant in 2025 was $2,500, and its average grant was $7,286, across 154 grants on its 2025 IRS Form 990-PF.
Where does Martha's Vineyard Bank Charitable give grants?
Martha's Vineyard Bank Charitable gives mostly in Massachusetts: 95% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Vineyard Haven, MA (46 grants), Falmouth, MA (18 grants), Edgartown, MA (11 grants) and West Tisbury, MA (9 grants).
Who are Martha's Vineyard Bank Charitable's largest grantees?
Martha's Vineyard Bank Charitable's largest 2025 grantees include Martha's Vineyard Ocean Academy ($251,000), Chilmark Preschool ($200,200) and Friends Nobska Light ($101,000), according to its 2025 IRS Form 990-PF. It also paid 1 grant to individuals ($16,000), which are not listed by name. Together they received 49% of its itemized 2025 grant dollars.
How large is Martha's Vineyard Bank Charitable?
Martha's Vineyard Bank Charitable reported $6.7M in total assets on its 2025 IRS Form 990-PF. It paid out $1.5M in qualifying distributions that year, against a required minimum of $237K (roughly 5% of its investment assets).
What does Martha's Vineyard Bank Charitable fund?
No mission statement is provided. The 2025 grants include support for organizations in education, housing, arts, youth services, hospice and palliative care, and animal sheltering, as indicated by the recipients’ names. See mission & focus areas ↑
How do I apply for a grant from Martha's Vineyard Bank Charitable?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does Martha's Vineyard Bank Charitable accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
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 April 30, 2026)
- IRS filings on file for fiscal years 2020–2024
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