MFS Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORWELL, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $234K in total assets. In 2024, it awarded 3 grants totaling $16K. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$234K
+10.1% YoY
Annual Giving
$16K
+14.8% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$5K
-23.5% YoY
Under IRS private-foundation payout rules, MFS Charitable Foundation Inc reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.
About MFS Charitable Foundation Inc
Based on IRS filings
MFS Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORWELL, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $234K in total assets. In 2024, it awarded 3 grants totaling $16K. Net investment income was $12K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $233,691 | $212,336 | $192,891 |
| Revenue | $38,147 | $34,692 | $32,540 |
| Expenses | $16,744 | $15,247 | $28,526 |
| Qualifying Distributions | $16,049 | $13,975 | $27,000 |
| Net Investment Income | $12,352 | $9,042 | $12,365 |
| Distributable Amount | $12,524 | $11,293 | $11,380 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include South Shore Hospital Foundation ($10,000), New England Village ($4,500), Hopewell Inc ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SOUTH SHORE HOSPITAL FOUNDATION WEYMOUTH, MA | TO SUPPORT THE CHARITY'S MISSION. | $10,000 |
| HOPEWELL INC DEDHAM, MA | TO SUPPORT THE CHARITY'S MISSION. | $1,000 |
| NEW ENGLAND VILLAGE PEMBROKE, MA | TO SUPPORT THE CHARITY'S MISSION. | $4,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL J SULLIVAN | PRESIDENT/DIRECTOR | 1 | — |
| ROBERT D SULLIVAN | TREASURER | 1 | — |
| maureen cullity | CLERK | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is MFS Charitable Foundation Inc?
MFS Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORWELL, MA. It holds $234K in total assets as of 2024.
How large is MFS Charitable Foundation Inc?
As of 2024, MFS Charitable Foundation Inc holds $234K in total assets with $38K in annual revenue. It awarded 3 grants totaling $16K in 2024.
Where does MFS Charitable Foundation Inc operate?
MFS Charitable Foundation Inc has awarded grants in California, Massachusetts.
What size grants does MFS Charitable Foundation Inc award?
In 2024, MFS Charitable Foundation Inc awarded 3 grants totaling $16K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is MFS Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, MFS Charitable Foundation Inc reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is MFS Charitable Foundation Inc's EIN?
MFS Charitable Foundation Inc's EIN (Employer Identification Number) is 04-3500194. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in MFS Charitable Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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