MathWorks Foundation Inc is a private foundation based in Natick, Massachusetts. Established in 2019, the foundation supports research and education initiatives, with a particular focus on advancing STEM education, fostering community development, and supporting scientific and engineering efforts.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$424.4M
+58.3% YoY
Annual Giving
$23.2M
+135.4% YoY
Grant Count
11
+175.0% YoY
Avg Grant Size
$2.1M
-14.4% YoY
Mission & Focus Areas
The foundation's grantmaking priorities include:
- Education – particularly STEM education and research advancement
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Community Support – initiatives that develop and enrich local communities where MathWorks offices are located
The foundation pursues a social mission that actively supports communities through advancing STEM education, fostering staff volunteerism, building environmental sustainability, and aiding global relief efforts.
Grantmaking
The foundation indicates it **only makes contributions to preselected charitable organizations and does not accept unsolicited applications for funds**.
How to Apply
The foundation indicates it **only makes contributions to preselected charitable organizations and does not accept unsolicited applications for funds**.
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Geographic Focus
Where this funder awards grants
The foundation funds primarily in:
- Massachusetts
- California
- Pennsylvania
- Georgia
- District of Columbia
- New Mexico
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount (2024) |
|---|---|
| Total Assets | $424,415,799 |
| Total Revenues | $167,182,624 |
| Total Expenses | $23,716,710 |
| Total Giving | $23,186,000 |
| Investment Income & Dividends | $8,314,019 |
The foundation's assets grew significantly from $268 million in 2023 to $424.4 million in 2024, with total revenues of $155,302,537 in grants and contributions during 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $424,415,799 | $268,035,608 | $250,693,701 |
| Revenue | $167,182,624 | $6,825,775 | $5,650,706 |
| Expenses | $23,716,710 | $9,950,652 | $20,703,072 |
| Qualifying Distributions | $23,191,710 | $9,854,652 | $20,618,072 |
| Net Investment Income | $41,394,142 | $6,825,775 | $5,650,706 |
| Distributable Amount | $13,665,359 | $12,578,689 | $13,393,245 |
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
38 grants across all recorded years
Open Grants
1 open opportunity from MathWorks Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- John Little – President/Director
- Jeanne O'Keefe – Treasurer/Director
- Thomas M Spera – Clerk
- Steven Douglas Barbo – Agent
- James Rider – Agent
The foundation operates with limited staffing, with board members and key employees working on a part-time basis.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN LITTLE | PRESIDENT/DIRECTOR | 0.25 | — |
| JEANNE O'KEEFE | TREASURER/DIRECTOR | 0.25 | — |
| THOMAS M SPERA | CLERK | 0.25 | — |
| STEVEN DOUGLAS BARBO | AGENT | 0.5 | — |
| JAMES RIDER | AGENT | 0.5 | — |
Recent News & Activity
Recent developments and announcements
**COVID-19 Relief (2020):** MathWorks donated $1 million to The Bill & Melinda Gates Foundation's Combating COVID-19 Fund, supporting efforts to develop diagnostics, therapeutics, and vaccines while protecting vulnerable populations in Africa and South Asia.
MathWorks Announces $1 Million Donation to Gates Foundation\u2019s Combating\**Environmental Conservation:** MathWorks donated $2.4 million to support Mass Audubon's efforts to protect and care for climate-resilient landscapes.
MathWorks Announces $1 Million Donation to Gates Foundation\u2019s Combating\**Education Partnerships:** The foundation launched the MathWorks Scholars Program in partnership with UMass Boston and supports expanded use of computer modeling tools through a MicroGrant Program at UC San Diego's Jacobs School of Engineering.
MathWorks Announces $1 Million Donation to Gates Foundation\u2019s Combating\**Community Relief (2020):** The foundation, in partnership with the Foundation for MetroWest, released funds to 57 applicants in response to community needs.
Foundation for MetroWest, MathWorks releases funds to 57 applicantsSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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