Massachusetts Bankers Association
The Massachusetts Bankers Association is a private foundation based in Boston, Massachusetts. In its 2025 filing, it reported 31 grants totaling $194,850 to charitable organizations.
Massachusetts Bankers Association at a glance
In short: Massachusetts Bankers Association gave $195K across 31 grants in 2025 (avg $6K), mostly in Massachusetts. 55% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $194,850
- -2.2% vs 2024
- Grants made (2025)
- 31
- -34.0% vs 2024
- Average grant
- $6,285
- +48.3% vs 2024
- Median grant
- $5,500
- Total assets
- $2,694,504
- +1.2% vs 2024
- New grantees (estimate)
- 55% first-time grantees (17 of 31, 2025)
- Primary geography
- Massachusetts (82% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Massachusetts Bankers Association
- 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: 200 State Street Suite 701, Boston, MA 02109
Phone: (617) 523-7595
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Massachusetts Bankers Association funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was MBA Scholarship Foundation ($44K). Together the top 10 received $94K.
Grant Size Distribution
240 grants across all recorded years
The most common grant size was under $50K: 240 grants of 240 (100%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports that Massachusetts recipients received 82% of grant dollars. Oregon, New York, Wisconsin, and New Hampshire each received 3%.
Grant Distribution by State
Share of 2025 grant dollars across all 31 itemized grants.
States
Cities
Is Massachusetts Bankers Association open to new grantees?
55%
first-time grantees, 2025
In 2025, 17 of 31 grantees (55%) were first-time recipients. First grants averaged $5K; repeat grants $8K. How we count
Medians: $6K first-time, $6K repeat.
- 29% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 239% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). 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 2019 to 2025, annual grant giving ranged from $173K (2019) to $211K (2023). In 2025 it made 31 grants totaling $195K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| MBA Scholarship Foundation Boston, MA | Exempt Purpose | $44,000 |
| Ascension Career Training Middleboro, MA | Exempt Purpose | $5,500 |
| Agespan Inc Lawrence, MA | Exempt Purpose | $5,500 |
| Applewild School Fitchburg, MA | Exempt Purpose | $5,500 |
| Boys & Girls Clubs of Metrowest Marlborough, MA | Exempt Purpose | $5,500 |
| Boys & Girls Clubs of Metro South Taunton, MA | Exempt Purpose | $5,500 |
| Elizabeth Freeman Center Pittsfield, MA | Exempt Purpose | $5,500 |
| Empowered Finances Foundation Peabody, MA | Exempt Purpose | $5,500 |
| Friends of Children Portland, OR | Exempt Purpose | $5,500 |
| Follow My Steps Foundation Springfield, MA | Exempt Purpose | $5,500 |
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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 | $2,694,504 | $149,746 | $313,698 | $194,850 | 31 | $312,698 | $73,116 | $130,925 |
| 2024 | $2,663,573 | $188,757 | $319,133 | $199,200 | 47 | $315,633 | $118,863 | $126,110 |
| 2023 | $2,524,742 | $189,749 | $335,155 | $211,300 | 51 | $334,761 | $118,655 | $122,856 |
| 2022 | $2,531,284 | $285,666 | $297,734 | $194,400 | 60 | $296,234 | $49,505 | $127,375 |
| 2021 | $2,669,259 | $326,391 | $254,877 | $176,000 | 51 | $254,877 | $75,374 | $120,668 |
| 2020 | $2,273,534 | $214,223 | $216,844 | $195,200 | 70 | — | $64,923 | $108,256 |
| 2019 | $2,159,261 | $317,904 | $261,749 | $172,500 | 45 | — | $78,444 | $97,246 |
Under IRS private-foundation payout rules, Massachusetts Bankers Association reported a distributable amount of $131K 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 for the foundation is provided. Its 2025 grantees include organizations with varied missions. For example, Elizabeth Freeman Center says it provides services to people affected by domestic and sexual violence and works to end violence through advocacy and education. Women’s Money Matters says it empowers low-income women through financial literacy, while Housing Assistance Corporation says it works to promote access to safe, affordable housing on Cape Cod and the Islands. Applewild School describes its mission as preparing children for further education and promoting educational opportunities.
Grantmaking
In 2025, the foundation reported 31 grants totaling $194,850. Grants ranged from $100 to $44,000, with a median of $5,500. The largest listed grant was $44,000 to MBA Scholarship Foundation in Boston, for an exempt purpose. Other listed grants of $5,500 included awards to Ascension Career Training, Agespan, Applewild School, Boys & Girls Clubs of MetroWest, Elizabeth Freeman Center, and Empowered Finances Foundation.
Other 2025 grantees described in the available records include Lower Cape Outreach Council, Women’s Money Matters, WE CAN Corporation, Literacy Network, and Housing Assistance Corporation; each received $5,500.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Anne Tangen as chair, Kathleen Murphy as president, Joseph Colagiovanni as treasurer, and Brad Papalardo as clerk. Directors listed are Kevin M. Tierney Sr., Lisa R. Murray, Denis Sheahan, and James M. Dunphy.
Massachusetts Bankers Association is led by Kathleen Murphy, President on every filing since 2020; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kathleen Murphy
President
On filings since 2020
1 hr/week
No compensation reported
Anne Tangen
Chair
New on the 2025 filing
1 hr/week
No compensation reported
James M. Dunphy
Director
On filings since 2022
1 hr/week
No compensation reported
Kevin M. Tierney Sr.
Director
On filings since 2022
1 hr/week
No compensation reported
Lisa R. Murray
Director
On filings since 2022
1 hr/week
No compensation reported
Denis Sheahan
Director
New on the 2025 filing
1 hr/week
No compensation reported
Brad Papalardo
Clerk
On filings since 2023
1 hr/week
No compensation reported
Joseph Colagiovanni
Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (18)
- Former: Robert Frazer (2019–2024) — Chairperson & Director
- Former: William J. Tsoules (2022–2024) — Senior Vice President & Treasurer
- Former: Dennis Sheehan (2023–2024) — Director
- Former: Jon K. Skarin (2019–2022) — Clerk
- Former: Misa Nguyen (2020–2022) — Project Manager
- Former: Peter G. Brown (2020–2022) — Director
- Former: Gilda Nogueira (2022) — Treasurer
- Former: Meg D. McIsaac (2022) — Director
- Former: Francesca G. Bertolino (2019–2021) — Senior Vice President & Director
- Former: John Wiseman (2019–2021) — Director
- Former: Carol R. McClintock (2020–2021) — Treasurer
- Former: Mark R. O'Connell (2021) — Director
- Former: Daniel J. Forte (2019–2020) — President
- Former: Michael E. Tucker (2019–2020) — Director
- Former: Barbarajean Adams (2019) — Office Manager
- Former: Bruce Spitzer (2019) — Director of Communications
- Former: Patrick J. Murphy (2019) — Director
- Former: Thomas L. Mortimer (2019) — Treasurer
Data from IRS Form 990 filings, 2019–2025. "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 Massachusetts Bankers Association
How much does Massachusetts Bankers Association give each year?
Massachusetts Bankers Association gave $195K across 31 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $199K across 47 grants.
What is Massachusetts Bankers Association's typical grant size?
Massachusetts Bankers Association's median grant in 2025 was $5,500, and its average grant was $6,285, across 31 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Massachusetts Bankers Association that year got $5K on average.
Where does Massachusetts Bankers Association give grants?
Massachusetts Bankers Association gives mostly in Massachusetts: 82% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (3 grants), Springfield, MA (2 grants) and Hyannis, MA (2 grants).
Who are Massachusetts Bankers Association's largest grantees?
Massachusetts Bankers Association's largest 2025 grantees include MBA Scholarship Foundation ($44,000), Ascension Career Training ($5,500) and Agespan Inc ($5,500), according to its 2025 IRS Form 990-PF. Together they received 28% of its itemized 2025 grant dollars.
How large is Massachusetts Bankers Association?
Massachusetts Bankers Association reported $2.7M in total assets on its 2025 IRS Form 990-PF. It paid out $313K in qualifying distributions that year, against a required minimum of $131K (roughly 5% of its investment assets).
What does Massachusetts Bankers Association fund?
No mission statement for the foundation is provided. Its 2025 grantees include organizations with varied missions. For example, Elizabeth Freeman Center says it provides services to people affected by domestic and sexual violence and works to end violence through advocacy and education. See mission & focus areas ↑
How do I apply for a grant from Massachusetts Bankers Association?
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 Massachusetts Bankers Association's EIN?
Massachusetts Bankers Association's EIN (Employer Identification Number) is 04-3325424. IRS Form 990 filing data is available on this page for 2019–2025.
Does Massachusetts Bankers Association 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
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 28, 2020)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Massachusetts Bankers Association's focus areas in our free grants database
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Funders that support many of the same organizations
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Total Given
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Cite this profile
Grantable. (2026). Massachusetts Bankers Association funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/massachusetts-bankers-association-morg_55377afa7b284f3c8e0bee87ff36ccab
BibTeX
@misc{grantable_043325424_2026,
author = {{Grantable}},
title = {{Massachusetts Bankers Association funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/massachusetts-bankers-association-morg_55377afa7b284f3c8e0bee87ff36ccab},
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 Massachusetts Bankers Association'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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