Mathworks Foundation Inc
MathWorks Foundation Inc is a private foundation based in Natick, Massachusetts. Its 2025 grants went to organizations working in areas including health, conservation, education, humanitarian relief, and outdoor safety.
Mathworks Foundation Inc at a glance
In short: Mathworks Foundation Inc gave $35.4M across 9 grants in 2025 (avg $3.9M), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $35,377,700
- +52.6% vs 2024
- Grants made (2025)
- 9
- -18.2% vs 2024
- Average grant
- $3,930,856
- +86.5% vs 2024
- Median grant
- $500,000
- Total assets
- $444,786,571
- +4.8% 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 September 2026.
How to apply to Mathworks Foundation Inc
- 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. The Community Grant Program guidelines invite eligible nonprofits to apply through its application form.
- Review Cycle
- Community Grant Program application deadlines are March 1, June 1, September 1, and December 1.
- Deadline
- Community Grant Program application deadlines are March 1, June 1, September 1, and December 1.
- Next open deadline
- December 1, 2026 (MathWorks Community Grant)
- Contact
Mailing address: 1 Apple Hill Drive, Natick, MA 01760
Phone: (508) 647-7000
Website: https://mathworks.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Mathworks Foundation Inc
Who Mathworks Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Massachusetts General Hospital ($20.0M). Together the top 9 received $35.4M.
Grant Size Distribution
41 grants across all recorded years
The most common grant size was in the $1–5M range: 15 grants of 41 (37%).
Geographic Focus
Where this funder awards grants
In 2025, Massachusetts recipients received 86% of grant dollars. Georgia and California each received 6%, while New York and Nebraska each received 1%. The Community Grant Program says awards go primarily to organizations serving the immediate communities where MathWorks offices are located.
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
States
Cities
How Mathworks Foundation Inc gives
- Giving grew 72% from 2022 to 2025. Method
- In 2025 it paid out 171% of its IRS minimum distribution (the 5% rule). 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 $100K (2019) to $35.4M (2025). In 2025 it made 9 grants totaling $35.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts General Hospital Boston, MA | Exempt Purpose | $20,000,000 |
| Appalachian Mountain Club (AMC) Boston, MA | Exempt Purpose | $9,902,700 |
| Care Inc (Cooperative for Assistance and Relief Everywhere) Atlanta, GA | Exempt Purpose | $2,000,000 |
| Khan Academy Inc Mountain View, CA | Exempt Purpose | $2,000,000 |
| I2 Learning Foundation Inc Brewster, NY | Exempt Purpose | $500,000 |
| Foundation for Metrowest Natick, MA | Exempt Purpose | $300,000 |
| National Arbor Day Foundation Lincoln, NE | Exempt Purpose | $250,000 |
| Umass Foundation Newton, MA | Exempt Purpose | $250,000 |
| New Hampshire Outdoor Council Kearsarge, NH | Exempt Purpose | $175,000 |
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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 | $444,786,571 | $38,697,675 | $35,937,905 | $35,377,700 | 9 | $35,387,905 | $38,695,371 | $20,712,622 |
| 2024 | $424,415,799 | $167,182,624 | $23,716,710 | $23,186,000 | 11 | $23,191,710 | $41,394,142 | $13,665,359 |
| 2023 | $268,035,608 | $6,825,775 | $9,950,652 | $9,850,000 | 4 | $9,854,652 | $6,825,775 | $12,578,689 |
| 2022 | $250,693,701 | $5,650,706 | $20,703,072 | $20,608,000 | 10 | $20,618,072 | $5,650,706 | $13,393,245 |
| 2021 | $299,025,097 | $109,936,095 | $5,977,052 | $5,600,000 | 7 | $5,605,052 | $26,483,491 | $9,812,328 |
| 2020 | $180,578,081 | $40,449,788 | $6,730,714 | $6,667,500 | 6 | — | $5,449,788 | $7,989,006 |
| 2019 | $136,146,913 | $80,854,625 | $196,448 | $100,000 | 1 | — | $5,854,625 | $4,049,517 |
Under IRS private-foundation payout rules, Mathworks Foundation Inc reported a distributable amount of $20.7M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filing does not state a separate mission. MathWorks’ Community Grant Program considers proposals aligned with its social mission, which includes education in engineering, science, and math; local community support; environmental sustainability; staff volunteerism; and global relief.
The 2025 grantees illustrate the range of organizations supported. The Appalachian Mountain Club describes its work as protecting, promoting enjoyment of, and building understanding of the Appalachian region’s mountains, forests, waters, and trails. Khan Academy describes its mission as providing free, world-class education for anyone, anywhere. CARE says it works to save lives, defeat poverty, and achieve social justice through emergency relief and long-term international development. i2 Learning Foundation says it provides educational programs, including programs focused on STEM and artificial intelligence. The National Arbor Day Foundation says it works to inspire people to plant, nurture, and celebrate trees. The New Hampshire Outdoor Council says it supports backcountry search and rescue and promotes safe, responsible outdoor use through information and education.
Grantmaking
The foundation reported nine grants totaling $35,377,700 in 2025. Individual grants ranged from $175,000 to $20 million, with a median of $500,000. Its largest awards were $20 million to Massachusetts General Hospital and $9,902,700 to the Appalachian Mountain Club. Other large grants included $2 million each to CARE and Khan Academy, and $500,000 to i2 Learning Foundation.
The foundation’s Community Grant Program offers grants of $200–$5,000 for one-year programs. Applications are reviewed quarterly, with published submission deadlines of March 1, June 1, September 1, and December 1. Applicants must be charitable organizations with demonstrated tax-exempt status and must request funding for a specific program. The program excludes religious organizations, political campaigns, lobbying, fundraising events, capital and endowment drives, individuals, and activities not focused on charitable or philanthropic goals. Recipients must submit a brief summary report within 12 months. The application form page states that submissions are currently unavailable.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists John Little as president/director, Jeanne O’Keefe as treasurer/director, and Thomas M Spera as clerk. Steven Douglas Barbo and James Rider are listed as agents.
Mathworks Foundation Inc is led by John Little, President & Director on every filing since 2019; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
John Little
President & Director
On filings since 2019
0.3 hrs/week
No compensation reported
Jeanne O'Keefe
Treasurer & Director
On filings since 2019
0.3 hrs/week
No compensation reported
Thomas M. Spera
Clerk
On filings since 2019
0.3 hrs/week
No compensation reported
James Rider
Agent
On filings since 2022
0.5 hrs/week
No compensation reported
Steven Douglas Barbo
Agent
On filings since 2022
0.5 hrs/week
No compensation reported
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 Mathworks Foundation Inc
How much does Mathworks Foundation Inc give each year?
Mathworks Foundation Inc gave $35.4M across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23.2M across 11 grants.
What is Mathworks Foundation Inc's typical grant size?
Mathworks Foundation Inc's median grant in 2025 was $500,000, and its average grant was $3,930,856, across 9 grants on its 2025 IRS Form 990-PF.
Where does Mathworks Foundation Inc give grants?
Mathworks Foundation Inc gives mostly in Massachusetts: 86% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Georgia (6%) and California (6%). The most frequent recipient cities were Boston, MA (2 grants).
Who are Mathworks Foundation Inc's largest grantees?
Mathworks Foundation Inc's largest 2025 grantees include Massachusetts General Hospital ($20,000,000), Appalachian Mountain Club (AMC) ($9,902,700) and Care Inc (Cooperative for Assistance and Relief Everywhere) ($2,000,000), according to its 2025 IRS Form 990-PF. Together they received 90% of its itemized 2025 grant dollars.
How large is Mathworks Foundation Inc?
Mathworks Foundation Inc reported $444.8M in total assets on its 2025 IRS Form 990-PF. It paid out $35.4M in qualifying distributions that year, against a required minimum of $20.7M (roughly 5% of its investment assets).
What does Mathworks Foundation Inc fund?
The foundation’s filing does not state a separate mission. MathWorks’ Community Grant Program considers proposals aligned with its social mission, which includes education in engineering, science, and math; local community support; environmental sustainability; staff volunteerism; and global relief. See mission & focus areas ↑
How do I apply for a grant from Mathworks Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Mathworks Foundation Inc's EIN?
Mathworks Foundation Inc's EIN (Employer Identification Number) is 83-1665375. IRS Form 990 filing data is available on this page for 2019–2025.
Does Mathworks Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 23, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 2, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 27, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in Mathworks Foundation Inc's focus areas in our free grants database
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