MFS Investment Management Foundation Inc
MFS Investment Management Foundation Inc is a private grantmaking foundation based in Boston, Massachusetts. The organization is designated as a 501(c)(3) nonprofit and has been tax-exempt since January 2022. The foundation operates as a private foundation focused on philanthropic grantmaking activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.2M
+48.3% YoY
Annual Giving
$1.7M
+45.8% YoY
Grant Count
36
+38.5% YoY
Avg Grant Size
$48K
+5.3% YoY
Mission & Focus Areas
The foundation's grant-making priorities include Education, Philanthropy, Voluntarism & Grantmaking, and Human Services. The organization demonstrates a commitment to advancing financial literacy and community impact initiatives.
Grantmaking
The foundation has supported programs including children's services initiatives and community-based organizations focused on education and human services.
Average Grant
amount and median grant amount data are tracked but specific figures vary by filing year
Ready to take the next step with MFS Investment Management Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation primarily directs funding to Massachusetts, New York, and Wisconsin.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $13.6 million
- Revenue: $3.58 million
- Expenses: $1.28 million
- Total liabilities: $0
Updated Asset Information: More recent data indicates total assets of $20,230,006.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,230,006 | $13,638,119 | $11,337,079 |
| Revenue | $8,436,872 | $3,583,020 | $145,632 |
| Expenses | $1,844,985 | $1,281,980 | $808,773 |
| Qualifying Distributions | $1,835,186 | $1,275,956 | $807,570 |
| Net Investment Income | $715,083 | $539,482 | $145,632 |
| Distributable Amount | $694,349 | $554,512 | $576,464 |
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
90 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Heidi W Hardin | Clerk, Dir | 1 | — |
| Amrit A Kanwal | Dir, Treas | 1 | — |
| Mark A Leary | Dir, Pres | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Charles J Tasker Memorial Scholarship Fund
HANOVER, MA
Assets
$98K
Grants
1
Total Given
$8K
Marshall M & Barbara J Sloane Pvt Found
CHESTNUT HILL, MA
Assets
$1.2M
Grants
11
Total Given
$75K
John J Mcardle Iii & Joan C Mcardle
ANDOVER, MA
Assets
$1.8M
Grants
13
Total Given
$205K
Massachusetts Association of Realtors
FOXBOROUGH, MA
Assets
$18.1M
Grants
2
Total Given
$71K
Communities for Restorative Justice
BOSTON, MA
Assets
$524K
Grants
1
Total Given
$61K
Hingham Historical Society Inc
HINGHAM, MA
Assets
$7.4M
Grants
1
Total Given
$10K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with MFS Investment Management Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities