The Massachusetts Bankers Association (MBA) is a business league and trade association representing the banking industry in Massachusetts. Founded in 1905, the organization serves as the unified voice for its member banks and advocates for consumers, businesses, and bankers throughout the Commonwealth of Massachusetts and across New England.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
+5.5% YoY
Annual Giving
$199K
-5.7% YoY
Grant Count
69
+35.3% YoY
Avg Grant Size
$3K
-30.3% YoY
Mission & Focus Areas
The MBA's guiding principle is to promote banking within the commonwealth. The organization's mission is to be the premier partner and trusted resource for members throughout Massachusetts and across New England, accomplishing this through a proactive focus on exceptional solutions, advocacy, and thought leadership for the banking industry.
The association provides members, the public, and media with up-to-date information relating to the association and the banking industry.
Grantmaking
The Charitable Foundation is a private foundation focused on grantmaking in Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, primarily in Massachusetts, Rhode Island, and New York.
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Geographic Focus
Where this funder awards grants
The Massachusetts Bankers Association Charitable Foundation primarily funds organizations in Massachusetts, Rhode Island, and New York. The Scholarship Foundation focuses on Massachusetts, Connecticut, and Rhode Island.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Massachusetts Bankers Association (Main Organization)
As of December 2023:
- Total assets: $26,717,304
- Total revenues: $7,749,904
- Total expenses: $7,004,460
- Number of employees: 22
Revenue Breakdown (2023):
- Total grants and contributions: $2,708,574
- Program services: $3,799,279
Massachusetts Bankers Association Group Insurance Trust
As of December 2023:
- Total assets: $5,054,551
- Total revenues: $169,616
- Total expenses: $200,529
- Program services revenue: $99,350
- Investment income and dividends: $70,266
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,663,523 | $2,524,742 | $2,531,284 |
| Revenue | $188,757 | $189,749 | $285,666 |
| Expenses | $319,183 | $335,155 | $297,734 |
| Qualifying Distributions | $315,683 | $334,761 | $296,234 |
| Net Investment Income | $118,863 | $118,655 | $49,505 |
| Distributable Amount | $126,109 | $122,856 | $127,375 |
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
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRAD PAPALARDO | CLERK | 1 | — |
| KEVIN M TIERNEY SR | DIRECTOR | 1 | — |
| LISA R MURRAY | DIRECTOR | 1 | — |
| DENNIS SHEEHAN | DIRECTOR | 1 | — |
| JAMES M DUNPHY | DIRECTOR | 1 | — |
| ROBERT FRAZER | CHAIRPERSON/DIRECTOR | 1 | — |
| KATHLEEN MURPHY | PRESIDENT | 1 | — |
| WILLIAM J TSOULES | SR. VP/TREASURER | 1 | — |
Recent News & Activity
Recent developments and announcements
The Massachusetts Bankers Association Charitable Foundation has been active in community grantmaking, with recent announcements of grant distributions including:
Massachusetts Bankers Association Honors MVES with $5,000 Community GrantA $5,000 community grant award to MVES
Massachusetts Bankers Association Honors MVES with $5,000 Community GrantCommunity grants totaling $112,500 in one distribution period
Mass. Bankers Association Gives $112,500 In Community GrantsCommunity grants totaling $128,000 in another distribution period
Mass. Bankers Association Gives $112,500 In Community GrantsThe foundation continues to support nonprofit organizations focused on human services, education, and community development across its service region.
MBA Charitable Foundation Awards $128K In Community GrantsSubject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Charles J Tasker Memorial Scholarship Fund
HANOVER, MA
Assets
$98K
Grants
1
Total Given
$8K
Marshall M & Barbara J Sloane Pvt Found
CHESTNUT HILL, MA
Assets
$1.2M
Grants
11
Total Given
$75K
John J Mcardle Iii & Joan C Mcardle
ANDOVER, MA
Assets
$1.8M
Grants
13
Total Given
$205K
Massachusetts Association of Realtors
FOXBOROUGH, MA
Assets
$18.1M
Grants
2
Total Given
$71K
Communities for Restorative Justice
BOSTON, MA
Assets
$524K
Grants
1
Total Given
$61K
Hingham Historical Society Inc
HINGHAM, MA
Assets
$7.4M
Grants
1
Total Given
$10K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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