Masscare Capital Inc
Masscare Capital Inc is a private foundation, based in Boston, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $451K in total assets. In 2025, it awarded 1 grant totaling $18K. Net investment income was $20K.
Masscare Capital Inc at a glance
In short: Masscare Capital Inc gave $18K across 1 grant in 2025 (avg $18K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $17,831
- -3.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $17,831
- -3.0% vs 2024
- Median grant
- $17,831
- Total assets
- $450,669
- +0.3% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Masscare Capital Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Community Foundation of North Central Massachusetts ($18K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
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 Masscare Capital Inc gives
- Giving held roughly steady from 2022 to 2025 (−19%). Method
- In 2025 it paid out 84% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $18K (2025) to $25K (2019). In 2025 it made 1 grant totaling $18K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Foundation of North Central Massachusetts Fitchburg, MA | Employer Childcare Pilot Program | $17,831 |
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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 | $450,669 | $20,435 | $18,038 | $17,831 | 1 | $18,038 | $20,435 | $21,484 |
| 2024 | $449,214 | $23,557 | $22,242 | $18,391 | 1 | $21,968 | $23,557 | $21,408 |
| 2023 | $448,691 | $16,845 | $22,350 | $19,457 | 1 | $22,608 | $16,845 | $21,542 |
| 2022 | $435,009 | $881 | $25,146 | $22,034 | 1 | $25,055 | $881 | $22,478 |
| 2021 | $459,189 | $413 | $26,635 | $23,488 | 1 | — | $413 | $23,550 |
| 2019 | $504,424 | $12,062 | $28,434 | $25,412 | 1 | — | $12,062 | $25,386 |
Under IRS private-foundation payout rules, Masscare Capital Inc reported a distributable amount of $21K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Masscare Capital Inc is led by Simon R. Gerlin, Director & President since 2025 (on filings since 2019); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Simon R. Gerlin
Director & President
Director → Executive Vice President Finance & CFO, 2024
Executive Vice President Finance & CFO → Director & President, 2025
On filings since 2019
0.5 hrs/week
No compensation reported
Cynthia Tonucci
Director & Treasurer
New on the 2025 filing
0.5 hrs/week
No compensation reported
Sean Calnan
Director & Clerk
New on the 2025 filing
0.5 hrs/week
No compensation reported
Former officers (5)
- Former: Laura L. Canter (2019–2024) — Executive Vice President & Finance Programs
- Former: Ricks Fraser (2024) — General Counsel-
- Former: Ricks P. Frazier (2019–2023) — Director & Clerk · Filing note: From 102518
- Former: Lauren A. Liss (2019–2021) — Director, President & Chairman · Filing note: Thru 123120
- Former: Robert M. Ruzzo (2019) — Director · Filing note: Thru 102518
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 Masscare Capital Inc
How much does Masscare Capital Inc give each year?
Masscare Capital Inc gave $18K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $18K across 1 grant.
How large is Masscare Capital Inc?
Masscare Capital Inc reported $451K in total assets on its 2025 IRS Form 990-PF. It paid out $18K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Masscare Capital Inc operate?
Masscare Capital Inc has awarded grants in Massachusetts.
What is Masscare Capital Inc's EIN?
Masscare Capital Inc's EIN (Employer Identification Number) is 22-2975198. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS January 13, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 25, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 3, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 18, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
Explore Open Grants
Browse active grant opportunities in Masscare Capital Inc's focus areas in our free grants database
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