Mutual Bancorp Foundation Inc
Mutual Bancorp Foundation Inc is a private foundation based in Hyannis, Massachusetts. Its 2024 filing reports 202 grants totaling $1,030,403, supporting organizations that include housing, health and wellness, education, and community-service nonprofits.
Mutual Bancorp Foundation Inc at a glance
In short: Mutual Bancorp Foundation Inc gave $1.0M across 202 grants in 2024 (avg $5K), mostly in Massachusetts. 33% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,030,403
- -3.3% vs 2023
- Grants made (2024)
- 202
- +4.7% vs 2023
- Average grant
- $5,101
- -7.6% vs 2023
- Median grant
- $2,500
- Total assets
- $15,276,971
- +3.2% vs 2023
- New grantees (estimate)
- 33% first-time grantees (62 of 188, 2024)
- Primary geography
- Massachusetts (99% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Mutual Bancorp Foundation Inc
- How to Apply
-
The filing describes an online application process through an individual recipient Five’s community-support applications. Applicants can submit an application with pictures and video content. Awards must be over $250, and applicants must be publicly supported entities.
- Review Cycle
- None stated.
- Deadline
- None stated.
- Contact
Application contact: Mutual Bancorp Foundation Inc
Mailing address: 1500 Iyannough Road, Hyannis, MA 02601
Phone: (508) 240-0555
Website: https://mutual-bancorp.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Mutual Bancorp Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Housing Assistance Corp ($100K). Together the top 10 received $379K.
Organizations only. It also paid 12 individual scholarships ($44,943), which are not listed by name.
Grant Size Distribution
793 grants across all recorded years
The most common grant size was under $50K: 782 grants of 793 (99%).
Geographic Focus
Where this funder awards grants
In 2024, 99% of grant dollars went to recipients in Massachusetts. The filing lists Iowa, Rhode Island, New York, and Illinois at 0% each. The named largest recipients were based in Massachusetts.
Grant Distribution by State
Share of 2024 grant dollars across all 202 itemized grants.
Cities
Is Mutual Bancorp Foundation Inc open to new grantees?
33%
first-time grantees, 2024
In 2024, 62 of 188 grantees (33%) were first-time recipients. First grants averaged $3K; repeat grants $7K. How we count
Medians: $2K first-time, $3K repeat.
- 54% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+14%). Method
- In 2024 it paid out 139% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $266K (2020) to $1.1M (2023). In 2024 it made 202 grants totaling $1.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Housing Assistance Corp Hyannis, MA | 50TH Anniversary Campaign | $100,000 |
| CCCC Educational Foundation Inc West Barnstable, MA | Science & Engineering Center | $60,000 |
| YMCA Cape Cod Inc Hyannis, MA | Y Achievers Teen Mentoring Program | $52,500 |
| Island Housing Trust Corporation West Tisbury, MA | Veterans | $33,333 |
| Health Ministry Inc Hyannis, MA | Brazilian Resource Gala | $31,000 |
| Cape Cod Times Needy Fund Inc Hyannis, MA | Childcare Access Initiative | $25,000 |
| Cape Cod Climate Change Collaborative Inc Yarmouthport, MA | Masshcic All-Stars 2024 | $20,000 |
| Cape Wellness Collaborative Inc Hyannis, MA | Wellness Care | $20,000 |
| Community Development Partnership Eastham, MA | The Meeting Housing Needs and Supporting | $20,000 |
| Helping Our Women Inc Provincetown, MA | Women Thriving: Enhancing Women's Health | $16,667 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $15,276,971 | $545,960 | $1,124,300 | $1,030,403 | 202 | $1,041,776 | $380,389 | $748,596 |
| 2023 | $14,803,597 | $535,310 | $1,155,368 | $1,065,277 | 193 | $1,075,402 | $409,790 | $705,134 |
| 2022 | $14,055,385 | $1,245,923 | $981,017 | $876,672 | 166 | $888,047 | $1,121,030 | $732,917 |
| 2021 | $16,868,769 | $1,645,298 | $1,015,923 | $903,522 | 150 | $914,966 | $1,521,316 | $781,855 |
| 2020 | $15,909,100 | $984,335 | $315,865 | $266,483 | 82 | — | $668,213 | $344,015 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations. For example, Housing Assistance Corporation describes its work as promoting safe, affordable housing on an individual recipient and the Islands; Island Housing Trust Corporation says it develops and maintains affordable housing on an individual recipient Cape Wellness Collaborative describes providing free complementary therapies to people facing cancer, while the Children’s Discovery Museum of an individual recipient says it provides a learning environment for children and families.
Grantmaking
In 2024, the foundation made 202 grants totaling $1,030,403. Awards ranged from $100 to $100,000, with a median grant of $2,500.
Among the largest 2024 grants were $100,000 to Housing Assistance Corporation for its 50th anniversary campaign; $60,000 to CCCC Educational Foundation for a science and engineering center; and $52,500 to YMCA Cape Cod for its Y Achievers teen mentoring program. Other grants included $33,333 to Island Housing Trust Corporation for veterans, $31,000 to Health Ministry for a Brazilian Resource Gala, and $25,000 to an individual recipient Times Needy Fund for a childcare access initiative.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Robert A. Talerman as chair and president; Matthew S. Burke as executive vice president; Kristen M. Foresta as treasurer; and Angelique K. Viamari as clerk. Directors listed are Alvin Collins, John C. Dawley, Karen L. Gardner, Edward F. Manzi Jr., Mary Ritter, and R. Joseph Salois.
Mutual Bancorp Foundation Inc is led by Robert A. Talerman, Chair & President since 2023 (on filings since 2020); none of the 11 officers listed in 2024 report compensation.
Officers on the 2024 filing
Robert A. Talerman
Chair & President
President → Chair & President, 2023
On filings since 2020
1 hr/week
No compensation reported
Daniel A. Wolf
Director
On filings since 2020
1 hr/week
No compensation reported
John C. Dawley
Director
On filings since 2020
1 hr/week
No compensation reported
Karen L. Gardner
Director
On filings since 2020
1 hr/week
No compensation reported
Alvin Collins
Director
New on the 2024 filing
1 hr/week
No compensation reported
Edward F. Manzi Jr.
Director
New on the 2024 filing
1 hr/week
No compensation reported
Mary Ritter
Director
New on the 2024 filing
1 hr/week
No compensation reported
R. Joseph Salois
Director
New on the 2024 filing
1 hr/week
No compensation reported
Matthew S. Burke
Executive Vice President
Vice President & Treasurer → Executive Vice President, 2022
On filings since 2020
1 hr/week
No compensation reported
Angelique K. Viamari
Clerk
Assistant Secretary → Clerk, 2024
On filings since 2022
1 hr/week
No compensation reported
Kristen M. Foresta
Treasurer
Assistant Treasurer → Treasurer, 2024
On filings since 2022
1 hr/week
No compensation reported
Former officers (21)
- Former: James A. Peterson (2020–2023) — Director
- Former: Paul E. Grover (2020–2023) — Director
- Former: Paul Rumul (2020–2023) — Director
- Former: Christopher E. Richards (2021–2023) — Vice President
- Former: John J. Judge (2021–2023) — Director
- Former: Darren J. Donovan (2022–2023) — Director
- Former: Denise M. Toomey (2022–2023) — Director
- Former: Jane M. Coderre (2022–2023) — Director
- Former: Melissa D. Philbrick (2022–2023) — Director
- Former: Stephen H. Johannessen (2022–2023) — Vice President & Treasurer
- Former: Tammy A. Saben (2022–2023) — Director
- Former: Vanessa L. Greene (2023) — Director
- Former: Bruce D. Miller (2020–2022) — Director
- Former: Chester N. Lay (2020–2022) — Director
- Former: Dorothy A. Savarese (2020–2022) — Director
- Former: Joel J. Brickman (2020–2022) — Vice President & Secretary
- Former: Laura E. Newstead (2020–2022) — Vice President
- Former: Thomas M. Evans (2020–2022) — Director
- Former: Stephanie M. Dennehy (2022) — Vice President
- Former: Anne Bailey Berman (2020) — Director
- Former: Katherine Fulham Parcels (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "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 Mutual Bancorp Foundation Inc
How much does Mutual Bancorp Foundation Inc give each year?
Mutual Bancorp Foundation Inc gave $1.0M across 202 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.1M across 193 grants.
What is Mutual Bancorp Foundation Inc's typical grant size?
Mutual Bancorp Foundation Inc's median grant in 2024 was $2,500, and its average grant was $5,101, across 202 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Mutual Bancorp Foundation Inc that year got $3K on average.
Where does Mutual Bancorp Foundation Inc give grants?
Mutual Bancorp Foundation Inc gives mostly in Massachusetts: 99% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Hyannis, MA (26 grants), Nantucket, MA (14 grants), Orleans, MA (9 grants) and Vineyard Haven, MA (8 grants).
Does Mutual Bancorp Foundation Inc give general operating support?
Occasionally: 3% of Mutual Bancorp Foundation Inc's 2024 grants with a stated purpose (6 of 202) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Scholarship" (41 grants), "Commerce Way Grand Opening" (11 grants) and "Credit for Life Fair" (7 grants).
Who are Mutual Bancorp Foundation Inc's largest grantees?
Mutual Bancorp Foundation Inc's largest 2024 grantees include Housing Assistance Corp ($100,000), CCCC Educational Foundation Inc ($60,000) and YMCA Cape Cod Inc ($52,500), according to its 2024 IRS Form 990-PF. It also paid 12 individual scholarships ($44,943), which are not listed by name. Together they received 21% of its itemized 2024 grant dollars.
How large is Mutual Bancorp Foundation Inc?
Mutual Bancorp Foundation Inc reported $15.3M in total assets on its 2024 IRS Form 990-PF. It paid out $1.0M in qualifying distributions that year, against a required minimum of $749K (roughly 5% of its investment assets).
What does Mutual Bancorp Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations. See mission & focus areas ↑
How do I apply for a grant from Mutual Bancorp Foundation Inc?
The filing describes an online application process through an individual recipient Five’s community-support applications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 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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Cite this profile
Grantable. (2026). Mutual Bancorp Foundation Inc funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/mutual-bancorp-foundation-inc-morg_e91759bae9d14ceeae448be31244e257
BibTeX
@misc{grantable_843443360_2026,
author = {{Grantable}},
title = {{Mutual Bancorp Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/mutual-bancorp-foundation-inc-morg_e91759bae9d14ceeae448be31244e257},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Mutual Bancorp Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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