Massachusetts Bankers Association is a private foundation focused on Education, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $658 in total assets. In 2024, it awarded 23 grants totaling $44K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$658
-82.9% YoY
Annual Giving
$44K
-13.6% YoY
Grant Count
23
+9.5% YoY
Avg Grant Size
$2K
-21.1% YoY
Under IRS private-foundation payout rules, Massachusetts Bankers Association reported a distributable amount of $253 for 2024 — the minimum it must pay out in qualifying distributions.
About Massachusetts Bankers Association
Based on IRS filings
Massachusetts Bankers Association is a private foundation focused on Education, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $658 in total assets. In 2024, it awarded 23 grants totaling $44K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $658 | $3,843 | $7,728 |
| Revenue | $44,000 | $49,500 | $30,504 |
| Expenses | $47,185 | $53,385 | $31,444 |
| Qualifying Distributions | $47,185 | $53,385 | $31,444 |
| Net Investment Income | — | — | $4 |
| Distributable Amount | $253 | $496 | $454 |
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
79 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Umass Boston Gabe Bishop ($2,000), Rose Hulman Institute of Technology Bradford Devillier ($2,000), Fairfield University Annie Watt ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UMASS BOSTON GABE BISHOP BOSTON, MA | EXEMPT PURPOSE | $2,000 |
| UMASS DARTMOUTH DOMINIC DEOLIVERIRA NORTH DARTMOUTH, MA | EXEMPT PURPOSE | $1,850 |
| ROSE HULMAN INSTITUTE OF TECHNOLOGY BRADFORD DEVILLIER TERRE HAUTE, IN | EXEMPT PURPOSE | $2,000 |
| BOSTON UNIVERSITY ADRIJA DUTTAROY BOSTON, MA | EXEMPT PURPOSE | $1,850 |
| UNIVERSITY OF RICHMOND BEN FOLEY RICHMOND, VA | EXEMPT PURPOSE | $1,850 |
| BOSTON COLLEGE OWEN KELLY CHESTNUT HILL, MA | EXEMPT PURPOSE | $1,850 |
| FAIRFIELD UNIVERSITY ANNIE WATT FAIRFIELD, CT | EXEMPT PURPOSE | $2,000 |
| ELON UNIVERSITY NATALIE MACSWEENEY ELON, NC | EXEMPT PURPOSE | $1,850 |
| SPRINGFIELD COLLEGE HUNTER MATTESON SPRINGFIELD, MA | EXEMPT PURPOSE | $1,850 |
| WESTERN NEW ENGLAND UNIVERSITY JADA MCKIE SPRINGFIELD, MA | EXEMPT PURPOSE | $1,850 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM J TSOULES | TREASURER | 1 | — |
| KATHLEEN MURPHY | PRESIDENT | 1 | — |
| DENNIS SHEEHAN | DIRECTOR | 1 | — |
| JAMES M DUNPHY | DIRECTOR | 1 | — |
| KEVIN M TIERNEY SR | DIRECTOR | 1 | — |
| LISA R MURRAY | DIRECTOR | 1 | — |
| BRAD PAPALARDO | CLERK | 1 | — |
| ROBERT FRAZER | CHAIRPERSON/DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Massachusetts Bankers Association?
Massachusetts Bankers Association is a private foundation focused on Education, based in BOSTON, MA. It holds $658 in total assets as of 2024.
How large is Massachusetts Bankers Association?
As of 2024, Massachusetts Bankers Association holds $658 in total assets with $44K in annual revenue. It awarded 23 grants totaling $44K in 2024.
Where does Massachusetts Bankers Association operate?
Massachusetts Bankers Association has awarded grants in Alabama, Connecticut, Florida, Indiana, Massachusetts, Maine, North Carolina, New Hampshire, Rhode Island, South Carolina, Virginia.
What size grants does Massachusetts Bankers Association award?
In 2024, Massachusetts Bankers Association awarded 23 grants totaling $44K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Massachusetts Bankers Association required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Massachusetts Bankers Association reported a distributable amount of $253 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Massachusetts Bankers Association's EIN?
Massachusetts Bankers Association's EIN (Employer Identification Number) is 04-3460557. IRS Form 990 filing data is available on this page for 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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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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