MFS Investment Management Foundation Inc
MFS Investment Management Foundation Inc is a private foundation based in Boston, Massachusetts. Its 2024 filing reports grants to charitable organizations, including organizations working with children and families, education, youth development, and crisis response.
Key facts about MFS Investment Management Foundation Inc
In short: MFS Investment Management Foundation Inc gave $2.3M across 46 grants in 2025 (avg $49K), mostly in Massachusetts. 40% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 87-1687549
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $2,254,762
- Grants made (2025)
- 46
- Average grant
- $49,017
- Median grant
- $10,000
- New grantees (estimate)
- 40% first-time grantees (16 of 40, 2025)
- Total assets
- $35,126,352
- Primary geography
- Massachusetts (51% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$35.1M
+73.6% YoY
Annual Giving
$2.3M
+31.0% YoY
Grant Count
46
+27.8% YoY
Avg Grant Size
$49K
+2.5% YoY
Under IRS private-foundation payout rules, MFS Investment Management Foundation Inc reported a distributable amount of $1.3M for 2025 — the minimum it must pay out in qualifying distributions.
Is MFS Investment Management Foundation Inc open to new grantees?
40%
first-time grantees, 2025
In 2025, 16 of 40 grantees (40%) were first-time recipients. First grants averaged $16K; repeat grants $83K. How we count
Medians: $3K first-time, $20K repeat.
- 48% of 2025 grantees were also funded in 2024. Method
- Giving grew 206% from 2022 to 2025. Method
- In 2025 it paid out 176% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2022–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants include support for organizations whose stated missions address children’s needs, education, and community services. For example, Horizons for Homeless Children says it works to improve the lives of homeless children and their families through early education and play; Cradles to Crayons says it provides essential items to children in homeless or low-income situations; and SquashBusters says it supports urban youth as students, athletes, and citizens.
Other supported organizations describe work that includes college-preparatory opportunities (Preparatory Foundation), early-childhood language, literacy, and social-emotional programming (Jumpstart for Young Children), college access and completion support (The Bottom Line), and advocacy for court-involved children (Boston CASA). These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In filing year 2024, the foundation reported 36 grants totaling $1,721,759. Grants ranged from $1,000 to $747,760, with a median of $10,000.
Ready to take the next step with MFS Investment Management Foundation Inc?
Geographic Focus
Where this funder awards grants
In 2024, the reported shares of grant dollars by recipient state were Massachusetts, 46%; Delaware, 43%; New York, 6%; Washington, DC, 3%; and Florida, 0%.
Grant Distribution by State
Share of 2025 grant dollars across all 46 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $737K (2022) to $2.3M (2025). In 2025 it made 46 grants totaling $2.3M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was American Online Giving Foundation Inc ($1000K). Together the top 10 received $2.0M.
Grant Size Distribution
136 grants across all recorded years
The most common grant size was under $50K: 109 grants of 136 (80%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Online Giving Foundation Inc Newark, DE | General & Unrestricted | $999,998 |
| City Year Inc Boston, MA | General & Unrestricted | $240,000 |
| Horizons for Homeless Children Inc Roxbury, MA | General & Unrestricted | $152,450 |
| Boston Medical Center Corporation Boston, MA | General & Unrestricted | $125,000 |
| Cradles to Crayons Inc Newton, MA | General & Unrestricted | $100,000 |
| Squashbusters Inc Boston, MA | General & Unrestricted | $100,000 |
| World Central Kitchen Incorporated Washington, DC | General & Unrestricted | $75,000 |
| American National Red Cross Dedham, MA | General & Unrestricted | $50,000 |
| Tenacity Inc Boston, MA | General & Unrestricted | $50,000 |
| Greater Boston Chamber of Commerce Foundation Inc Boston, MA | General & Unrestricted | $35,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant sum | Grant count |
|---|---|---|---|---|---|
| 2024 | $20,230,006 | $8,436,872 | $1,844,985 | $1,721,759 | 36 |
| 2023 | $13,638,119 | $3,583,020 | $1,281,980 | $1,180,548 | 26 |
| 2022 | $11,337,079 | $145,632 | $808,773 | $736,940 | 28 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $35,126,352 | $20,230,006 | $13,638,119 |
| Revenue | $17,177,459 | $8,436,872 | $3,583,020 |
| Expenses | $2,379,986 | $1,844,985 | $1,281,980 |
| Qualifying Distributions | $2,367,246 | $1,835,186 | $1,275,956 |
| Net Investment Income | $1,021,446 | $715,083 | $539,482 |
| Distributable Amount | $1,343,824 | $694,349 | $554,512 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 30, 2026)
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Heidi W. Hardin as Clerk and Director; Amrit A. Kanwal as Director and Treasurer; and Mark A. Leary as Director and President.
MFS Investment Management Foundation Inc is led by Anne Marie Bernard, Director & President on the 2025 filing; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Anne Marie Bernard
Director & President
New on the 2025 filing
1 hr/week
No compensation reported
Heidi W Hardin
Clerk & Director
On filings since 2021
1 hr/week
No compensation reported
John M Corcoran
Director & Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Sean Kenney
Director
New on the 2025 filing
1 hr/week
No compensation reported
Christopher R Bohane
Clerk
New on the 2025 filing
1 hr/week
No compensation reported
Scott A Chin
Assistant Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Susan Pereira
Assistant Clerk
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (2)
- Former: Amrit A Kanwal (2021–2024) — Director & Treasurer
- Former: Mark A Leary (2021–2024) — Director & President
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 111 Huntington Ave 21St Floor, Boston, MA 02199
Phone: (800) 839-1754
Frequently asked questions about MFS Investment Management Foundation Inc
How much does MFS Investment Management Foundation Inc give each year?
MFS Investment Management Foundation Inc gave $2.3M across 46 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.7M across 36 grants.
What is MFS Investment Management Foundation Inc's typical grant size?
MFS Investment Management Foundation Inc's median grant in 2025 was $10,000, and its average grant was $49,017, across 46 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from MFS Investment Management Foundation Inc that year got $16K on average.
Where does MFS Investment Management Foundation Inc give grants?
MFS Investment Management Foundation Inc gives mostly in Massachusetts: 51% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Delaware (44%). The most frequent recipient cities were Boston, MA (17 grants), Roxbury, MA (3 grants), Dedham, MA (2 grants) and Needham, MA (2 grants).
Does MFS Investment Management Foundation Inc give general operating support?
Yes: 87% of MFS Investment Management Foundation Inc's 2025 grants with a stated purpose (40 of 46) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are MFS Investment Management Foundation Inc's largest grantees?
MFS Investment Management Foundation Inc's largest 2025 grantees include American Online Giving Foundation Inc ($999,998), City Year Inc ($240,000) and Horizons for Homeless Children Inc ($161,403 across 3 grants), according to its 2025 IRS Form 990-PF. Together they received 62% of its itemized 2025 grant dollars.
How large is MFS Investment Management Foundation Inc?
MFS Investment Management Foundation Inc reported $35.1M in total assets on its 2025 IRS Form 990-PF. It paid out $2.4M in qualifying distributions that year, against a required minimum of $1.3M (roughly 5% of its investment assets).
What does MFS Investment Management Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants include support for organizations whose stated missions address children’s needs, education, and community services. See mission & focus areas ↑
How do I apply for a grant from MFS Investment Management Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is MFS Investment Management Foundation Inc's EIN?
MFS Investment Management Foundation Inc's EIN (Employer Identification Number) is 87-1687549. IRS Form 990 filing data is available on this page for 2021–2025.
Does MFS Investment Management 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.
Here's the math on researching MFS Investment Management Foundation Inc by hand.
Explore Open Grants
Browse active grant opportunities in MFS Investment Management Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Massachusetts
Boston Foundation Inc
Boston, MA
The Boston Foundation funds equity-focused work in child well-being, economic opportunity, community wealth, and community leadership, primarily in Greater Boston. Its 2025 grants had a median of $25,000, while specific programs offer awards from up to $15,000 to $50,000; it accepts applications through some competitive initiatives, but whether it accepts unsolicited requests generally is not stated.
Assets
$2.1B
Grants
2,375
Total Given
$228.4M
Eastern Bank Foundation
Wakefield, MA
Eastern Bank Foundation funds systemic efforts to advance economic inclusion and mobility, including small-business equity, early childhood development, affordable housing, and workforce development. Its programs range from $1,000–$10,000 for Community Donations, up to $15,000 for CITC Grants, and $50,000–$150,000 for Impact Grants; it supports organizations primarily in Massachusetts, New Hampshire, and Rhode Island. The foundation accepts online applications, with no specific submission deadlines stated.
Assets
$266.7M
Grants
1,786
Total Given
$19.0M
Liberty Mutual Foundation Inc
Boston, MA
Liberty Mutual Foundation funds nonprofits working on basic needs such as food and shelter, education and workforce development, and climate and community infrastructure, primarily in the Boston area, with grants also made in other states. Its 2024 grants had a median of $35,000 and ranged from $2,500 to $11 million; it accepts online applications on a rolling basis, with no stated deadlines.
Assets
$46.1M
Grants
706
Total Given
$50.6M
Barr Foundation
Boston, MA
Barr Foundation funds arts and creativity, climate, education, and related initiatives, primarily supporting organizations and leaders in New England. Its 2024 grants ranged from $100 to $3.275 million, with a median of $80,000. It welcomes inquiries through program pages and occasionally issues open requests for proposals; most grants go to returning partners.
Assets
$1.9B
Grants
903
Total Given
$123.2M
Cummings Foundation Grants Inc (FKA Oneworld Boston Inc)
Woburn, MA
The foundation supports nonprofits focused on human services, education, healthcare, fairness and justice, and environmental causes, primarily in greater Boston and eastern Massachusetts, with limited support for Rwanda’s recovery. Its 2024 grants ranged from $1,000 to $3.5 million, with a median of $35,000; it accepts letters of inquiry through an online portal for its local grant program.
Assets
$258.2M
Grants
658
Total Given
$38.2M
American Tower Corporation Foundation
Boston, MA
Assets
$15.4M
Grants
632
Total Given
$1.7M
Good Sports Inc
Braintree, MA
Good Sports provides free sports equipment, footwear, and apparel to established schools and community organizations running ongoing youth sports and physical-activity programs in high-need communities; it serves all 50 states and Puerto Rico. In 2025, grants ranged from $5,004 to $229,133, with a median of $12,781. Youth programs and schools can apply through its community-organization application process.
Assets
$13.8M
Grants
619
Total Given
$11.2M
The Stephen Phillips Memorial Scholarship Fund Inc
Boston, MA
The Stephen Phillips Memorial funds need- and merit-based scholarships for bachelor’s students, generally awarding $3,000–$17,000 (with typical annual awards of $6,000–$10,000). Applicants must be permanent residents of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, or Vermont, but may attend college anywhere in the United States. Students apply through the online portal; the profile does not state whether unsolicited requests are accepted.
Assets
$41.6M
Grants
520
Total Given
$5.1M
Berkshire Bank Foundation Inc
Pittsfield, MA
Berkshire Bank Foundation supports nonprofits working on small-business growth, financial inclusion, affordable housing, and additional needs including health, food access, youth, and the arts. Recent grants ranged from $50 to $33,333, with a median of $2,500; it serves communities in Connecticut, Massachusetts, New York, Rhode Island, and Vermont, though all 2024 grant dollars went to Massachusetts. It accepts written applications from eligible 501(c)(3) public charities, with quarterly deadlines on December 15, March 15, June 15, and September 15.
Assets
$17.1M
Grants
478
Total Given
$2.0M
Givinga Foundation Inc
Wellesley, MA
GIVINGA Foundation supports donor-directed giving through donor-advised funds, charitable campaigns, and approved fiscal-sponsorship projects, with past recipients spanning causes such as children’s health, global development, racial equity, animal welfare, and food access. Reported 2020 awards ranged from about $37,000 to $179,000, but filings list no grants for 2022–2024; it has no stated geographic focus. The profile does not say whether it accepts unsolicited grant requests.
Assets
$2.9M
Grants
424
Total Given
$8.5M
More Funders in Massachusetts
MFS Investment Management Foundation Inc down — hundreds of funders to go?