Massachusetts Bay Community College Foundation Inc
The foundation board enhances the vitality of the college by promoting investment from external sources, growing the endowment, awarding scholarships, and creating partnerships for learning. In so doing, the foundation seeks to be a catalyst for transforming the college by supporting educational excellence and achievement.
Massachusetts Bay Community College Foundation Inc at a glance
In short: Massachusetts Bay Community College Foundation Inc gave $918K across 1 grant in 2025 (avg $918K), mostly in Massachusetts. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $918,387
- -55.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $918,387
- -55.6% vs 2024
- Median grant
- $918,387
- Total assets
- $7,823,428
- +12.5% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Massachusetts Bay Community College Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Massachusetts Bay Community College ($918K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $250–500K range: 2 grants of 4 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Massachusetts Bay Community College Foundation Inc gives
- Giving grew 155% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $360K (2022) to $2.1M (2024). In 2025 it made 1 grant totaling $918K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts Bay Community College Wellesley, MA | Program Support | $918,387 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $7,823,428 | $1,256,568 | $976,851 | $918,387 | 1 | $173,019 |
| 2024 | $6,952,962 | $1,449,428 | $2,119,026 | $2,066,397 | 1 | $129,290 |
| 2023 | $7,063,730 | $2,585,895 | $2,469,831 | $386,533 | 1 | $293,296 |
| 2022 | $6,708,548 | $1,230,055 | $1,246,423 | $360,315 | 1 | $136,984 |
| 2021 | $7,841,424 | $923,254 | $803,440 | — | — | $255,157 |
| 2020 | $6,766,347 | $1,601,262 | $945,800 | — | — | $231,017 |
| 2019 | $5,975,805 | $589,729 | $634,310 | — | — | $256,262 |
About Massachusetts Bay Community College Foundation Inc
Based on IRS filings
Massachusetts Bay Community College Foundation Inc is a public charity focused on Education, based in Wellesley Hills, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $7.8M in total assets. In 2025, it awarded 1 grant totaling $918K. Net investment income was $173K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Massachusetts Bay Community College Foundation Inc is led by Rebecca Kannam, Chair since 2024 (on filings since 2020); none of the 12 officers listed in 2025 report compensation.
Officers on the 2025 filing
Rebecca Kannam
Chair
Director → Chair, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
James J Mckenzie
Director
Director → Director & Chair, 2022
Director & Chair → Director, 2024
On filings since 2019
0.5 hrs/week
No compensation reported
Joseph Asaya
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Stephen T HibbarD
Director
Director & Vice Chair → Director, 2025
On filings since 2019
0.5 hrs/week
No compensation reported
Thomas W. Cleverdon
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Jean Dyer
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Stacy Okada
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Todd Ofenloch
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Tony Loftis
Director
On filings since 2021
0.5 hrs/week
No compensation reported
David Kennedy
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Chris Teachout
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Howard Ferris
Vice Chair
Director → Vice Chair, 2024
On filings since 2022
0.5 hrs/week
No compensation reported
Former officers (7)
- Former: Chris Cavallerano (2021–2023) — Director
- Former: Tina Kao Mylon (2021–2023) — Director
- Former: Christopher Bissada (2021–2022) — Director
- Former: James Lehan (2019–2021) — Director & Chair
- Former: Robert Dawson (2019–2020) — Outgoing Director
- Former: Thomas M. Britt (2019–2020) — Outgoing Director
- Former: Laurie Carlson (2019) — Director
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 Bay Community College Foundation Inc
How much does Massachusetts Bay Community College Foundation Inc give each year?
Massachusetts Bay Community College Foundation Inc gave $918K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.1M across 1 grant.
How large is Massachusetts Bay Community College Foundation Inc?
Massachusetts Bay Community College Foundation Inc reported $7.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.3M.
What is Massachusetts Bay Community College Foundation Inc?
Massachusetts Bay Community College Foundation Inc is a public charity focused on Education, based in Wellesley Hills, MA. It holds $7.8M in total assets as of 2025.
Where does Massachusetts Bay Community College Foundation Inc operate?
Massachusetts Bay Community College Foundation Inc has awarded grants in Massachusetts.
What is Massachusetts Bay Community College Foundation Inc's EIN?
Massachusetts Bay Community College Foundation Inc's EIN (Employer Identification Number) is 22-2581930. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS February 1, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 2, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 9, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS January 9, 2020)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Massachusetts Bay Community College Foundation Inc funds
Education Open opportunities, soonest deadline first.
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Browse active grant opportunities in Massachusetts Bay Community College Foundation Inc's focus areas in our free grants database
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