Mutual Bancorp Foundation Inc
Based on the available verified sources, specific information about a separate "Mutual Bancorp Foundation Inc" entity could not be confirmed. The sources provided detail Mutual Bancorp as a financial services holding company incorporated in 2011 that serves as the parent company for two community banks: Cape Cod 5 (headquartered in Hyannis, Massachusetts) and Fidelity Bank (headquartered in Leominster, Massachusetts).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.3M
+3.2% YoY
Annual Giving
$1.0M
-3.3% YoY
Grant Count
202
+4.7% YoY
Avg Grant Size
$5K
-7.6% YoY
Under IRS private-foundation payout rules, Mutual Bancorp Foundation Inc reported a distributable amount of $749K for 2024 — the minimum it must pay out in qualifying distributions.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Combined Assets: $7 billion under the holding company structure
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,276,971 | $14,803,597 | $14,055,385 |
| Revenue | $545,960 | $535,310 | $1,245,923 |
| Expenses | $1,124,300 | $1,155,368 | $981,017 |
| Qualifying Distributions | $1,041,776 | $1,075,402 | $888,047 |
| Net Investment Income | $380,389 | $409,790 | $1,121,030 |
| Distributable Amount | $748,596 | $705,134 | $732,917 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cape Cod Times Needy Fund Inc ($25,000), Cape Cod Climate Change Collaborative Inc ($20,000), Cape Wellness Collaborative Inc ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A SAFE PLACE INC NANTUCKET, MA | 10TH ANNUAL WALK A MILE | $1,500 |
| ACE MV INC VINEYARD HAVEN, MA | SOS, SCHOOL FOR OFFSEASON SURVIVAL | $3,000 |
| ADDICTION SOLUTIONS OF NANTUCKET INC NANTUCKET, MA | ANNUAL FUNDRAISER | $2,500 |
| AIDS SUPPORT GROUP OF CAPE COD PROVINCETOWN, MA | OVERDOSE AWARENESS, PREVENTION AND NARCA | $5,000 |
| ALBERT F EGAN JR & DOROTHY H EGAN FOUNDATION INC NANTUCKET, MA | MARITIME EDUCATION ABOARD THE TALL SHIP | $2,000 |
| ALZHEIMERS DISEASE & RELATED DISORDERS ASSOCIATION CHICAGO, IL | WALK TO END ALZHEIMER'S- A SIGNATURE EVE | $1,500 |
| ALZHEIMERS FAMILY CAREGIVERS SUPPORT CENTER INC BREWSTER, MA | 10TH ANNUAL WALK FOR ALZHEIMERS IN PROVI | $2,500 |
| AMERICAN NATIONAL RED CROSS BOONE, IA | HURRICANE RELIEF | $5,000 |
| AMERICAN PARKINSON DISEASE ASSOCIATION INC STATEN ISLAND, NY | 6TH ANNUAL APDA MA CAPE COD OPTIMISM WAL | $1,000 |
| AMERICAN RED CROSS HYANNIS, MA | SOUND THE ALARM IN PLYMOUTH | $2,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Matthew S. Burke — Chairman & CEO of Mutual Bancorp and Cape Cod 5
Robert A. Talerman — President of Mutual Bancorp and Cape Cod 5
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT A TALERMAN | CHAIR & PRESIDENT | 1 | — |
| MATTHEW S BURKE | EXECUTIVE VICE PRESIDENT | 1 | — |
| KRISTEN M FORESTA | TREASURER | 1 | — |
| ANGELIQUE K VIAMARI | CLERK | 1 | — |
| ALVIN COLLINS | DIRECTOR | 1 | — |
| JOHN C DAWLEY | DIRECTOR | 1 | — |
| KAREN L GARDNER | DIRECTOR | 1 | — |
| EDWARD F MANZI JR | DIRECTOR | 1 | — |
| MARY RITTER | DIRECTOR | 1 | — |
| R JOSEPH SALOIS | DIRECTOR | 1 | — |
| DANIEL A WOLF | DIRECTOR | 1 | — |
Recent Activity
Recent developments and announcements
In April 2025, Mutual Bancorp held its annual meeting of the board of corporators, where leadership reviewed the company's financial strength and strategic progress following the formalization of the partnership between Cape Cod 5 and Fidelity Bank under the holding company structure in 2024.
New Hampshire Mutual Bancorp recognized as a 2024 Diversity, Equity and InclusionSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What size grants does Mutual Bancorp Foundation Inc award?
In 2024, Mutual Bancorp Foundation Inc awarded 202 grants totaling $1.0M — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Mutual Bancorp Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mutual Bancorp Foundation Inc reported a distributable amount of $749K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mutual Bancorp Foundation Inc's EIN?
Mutual Bancorp Foundation Inc's EIN (Employer Identification Number) is 84-3443360. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mutual Bancorp Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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