Massachusetts Bankers Association
The Massachusetts Bankers Association is a private foundation based in Boston, Massachusetts. Its 2025 filing reports grants for scholarships to individual students.
Massachusetts Bankers Association at a glance
In short: Massachusetts Bankers Association gave $44K across 20 grants in 2025 (avg $2K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $43,750
- -0.7% vs 2024
- Grants made (2025)
- 20
- -13.0% vs 2024
- Average grant
- $2,188
- +14.2% vs 2024
- Median grant
- $2,000
- Total assets
- $915
- +39.1% vs 2024
- Primary geography
- Massachusetts (86% 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 Massachusetts Bankers Association
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it 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) 502-3808
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 Endicott College Molly Brown ($3K). Together the top 10 received $23K.
Organizations only. It also paid 4 individual scholarships ($8,750), which are not listed by name.
Grant Size Distribution
92 grants across all recorded years
The most common grant size was under $50K: 92 grants of 92 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 86% of grant dollars went to recipients in Massachusetts, 9% to New Hampshire, and 5% to Rhode Island.
Grant Distribution by State
Share of 2025 grant dollars across all 20 itemized grants.
States
Cities
How Massachusetts Bankers Association gives
- 0% of 2025 grantees were also funded in 2024. Method
- Giving grew 51% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (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 $10K (2019) to $51K (2023). In 2025 it made 20 grants totaling $44K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Endicott College Molly Brown Milford, MA | Scholarship | $2,750 |
| 4 individual scholarships Recipients not named | — | $8,750 |
| Georgia Institute of Technology Annabelle Hazell Medway, MA | Scholarship | $2,750 |
| Bryant University Julia Mendonca Taunton, MA | Scholarship | $2,750 |
| Emmanuel College Michaela Goncalves Fall River, MA | Scholarship | $2,750 |
| University of Maryland Anna Antonopoulous Longmeadow, MA | Scholarship | $2,000 |
| Northeastern University Darren Liang North Attleboro, MA | Scholarship | $2,000 |
| Massachusetts College of Arts and Design Quinn Earle Duxbury, MA | Scholarship | $2,000 |
| Stonehill College Nina Laranjo Beerkley, MA | Scholarship | $2,000 |
| University of Massachusetts Lowell Sidharth McQuaid Melrose, MA | Scholarship | $2,000 |
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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 | $915 | $44,006 | $47,185 | $43,750 | 20 | $47,185 | — | $38 |
| 2024 | $658 | $44,000 | $47,185 | $44,050 | 23 | $47,185 | — | $253 |
| 2023 | $3,843 | $49,500 | $53,385 | $51,000 | 21 | $53,385 | — | $496 |
| 2022 | $7,728 | $30,504 | $31,444 | $29,000 | 16 | $31,444 | $4 | $454 |
| 2021 | $8,643 | $16,008 | $18,267 | $16,000 | 12 | $18,267 | $8 | $571 |
| 2020 | $10,902 | $19,220 | $14,712 | $12,700 | 7 | — | $9 | $614 |
| 2019 | $6,394 | $9 | $12,213 | $10,200 | 7 | — | $9 | $638 |
Under IRS private-foundation payout rules, Massachusetts Bankers Association reported a distributable amount of $38 for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
In 2025, the foundation gave 20 grants totaling $43,750. Grants ranged from $2,000 to $2,750, with a median of $2,000. The listed grants were for scholarships, including $2,750 each to students attending Endicott College, Worcester Polytechnic Institute, Georgia Institute of Technology, Bryant University, and Emmanuel College.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Joseph Colagiovanni as treasurer; Kathleen Murphy as president; Denis Sheahan, James M. Dunphy, Kevin M. Tierney Sr., and Lisa R. Murray as directors; Brad Papalardo as clerk; and Anne Tangen as chairperson/director.
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
Chairperson & Director
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 (2021–2024) — Chairperson & Director
- Former: William J. Tsoules (2022–2024) — Treasurer
- Former: Dennis Sheehan (2023–2024) — Director
- Former: Misa Nguyen (2020–2022) — Project Manager
- Former: Jon K. Skarin (2021–2022) — Clerk
- Former: Gilda Nogueira (2022) — Treasurer
- Former: Meg D. McIsaac (2022) — Director
- Former: Peter G. Brown (2022) — Director
- Former: Francesca G. Bertolino (2019–2021) — Senior Vice President & Director
- Former: John Wiseman (2019–2021) — Trustee
- Former: Carol R. McClintock (2021) — Treasurer
- Former: Mark R. Oconnell (2021) — Trustee
- Former: Daniel J. Forte (2019–2020) — President
- Former: Donald P. Gill (2019–2020) — Chairman
- Former: Donna L. Boulanger (2019–2020) — Trustee
- Former: Michael E. Tucker (2019–2020) — Trustee
- Former: Thomas L. Mortimer (2019–2020) — Trustee
- Former: Barbarajean Adams (2019) — Office Manager
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 $44K across 20 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $44K across 23 grants.
What is Massachusetts Bankers Association's typical grant size?
Massachusetts Bankers Association's median grant in 2025 was $2,000, and its average grant was $2,188, across 20 grants on its 2025 IRS Form 990-PF.
Where does Massachusetts Bankers Association give grants?
Massachusetts Bankers Association gives mostly in Massachusetts: 86% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Hampshire (9%).
Does Massachusetts Bankers Association give general operating support?
Not in 2025: none of the 20 grants with a stated purpose on Massachusetts Bankers Association's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (20 grants).
Who are Massachusetts Bankers Association's largest grantees?
Massachusetts Bankers Association's largest 2025 grantees include Endicott College Molly Brown ($2,750), Georgia Institute of Technology Annabelle Hazell ($2,750) and Bryant University Julia Mendonca ($2,750), according to its 2025 IRS Form 990-PF. It also paid 4 individual scholarships ($8,750), which are not listed by name. Together they received 19% of its itemized 2025 grant dollars.
How large is Massachusetts Bankers Association?
Massachusetts Bankers Association reported $915 in total assets on its 2025 IRS Form 990-PF. It paid out $47K in qualifying distributions that year, against a required minimum of $38 (roughly 5% of its investment assets).
How do I apply for a grant from Massachusetts Bankers Association?
The foundation states that it 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 04-3460557. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 21, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 28, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 16, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 24, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 30, 2024)
Explore Open Grants
Browse active grant opportunities in Massachusetts Bankers Association's focus areas in our free grants database
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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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