MutualOne Charitable Foundation
The MutualOne Charitable Foundation is a private independent foundation established in 1998 and based in Framingham, Massachusetts. It is a 501(c)(3) organization dedicated to promoting charitable, educational, and civic purposes within the market area served by MutualOne Bank. The foundation operates as a grantmaking organization focused on improving quality of life for residents in the MetroWest region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.1M
-0.2% YoY
Annual Giving
$398K
-13.5% YoY
Grant Count
56
-26.3% YoY
Avg Grant Size
$7K
+17.4% YoY
Under IRS private-foundation payout rules, MutualOne Charitable Foundation reported a distributable amount of $442K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation is dedicated to the promotion of charitable, educational, and civic purposes within MutualOne Bank's market area, with special emphasis on projects that focus on disadvantaged and/or underserved citizens of Framingham and Natick.
Primary funding areas include:
- Workforce development
- Health and human services
- Housing
- Education
- Community development
- The environment
- The arts
Grantmaking
Grant Types
How to Apply
** Applicants must submit a cover letter signed by the organization's Executive Director or Board President, plus a copy of a brief proposal and a summary sheet. Grant applications are reviewed quarterly.
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Geographic Focus
Where this funder awards grants
The foundation focuses on the MetroWest region, with primary emphasis on Framingham and Natick, Massachusetts, and surrounding areas.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $9.07 million
- Total Revenue: $440,000
- Total Expenses: $459,000
- Total Liabilities: $0
As of 2023:
- Total Assets: $9,087,821
- Total Revenues: $2,914,696
- Total Expenses: $462,469
- Total Giving: $460,519
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,068,022 | $9,087,821 | $8,859,923 |
| Revenue | $439,555 | $2,914,696 | $85,082 |
| Expenses | $459,354 | $462,469 | $475,621 |
| Qualifying Distributions | $428,869 | $461,494 | $474,696 |
| Net Investment Income | $403,070 | $2,911,771 | $83,037 |
| Distributable Amount | $441,812 | $408,933 | $453,374 |
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
Open Grants
1 open opportunity from MutualOne Charitable Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Metrowest YMCA ($23,605), Framingham History Center ($15,000), Greater Framingham Community Church ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Framingham History Center Framingham, MA | General Support | $15,000 |
| Amazing Things Arts Center Framingham, MA | General Support | $9,080 |
| Big Brothers Big Sisters of Metrowest Worcester, MA | General Support | $10,000 |
| Boys & Girls Club of Metrowest Marlborough, MA | General Support | $10,000 |
| Golden Tones Inc Natick, MA | General Support | $3,500 |
| Greater Framingham Community Church Framingham, MA | General Support | $15,000 |
| Literations Boston, MA | General Support | $10,000 |
| Performing Arts Center of Metrowest Framingham, MA | General Support | $3,500 |
| Spark Kindness Inc Natick, MA | General Support | $10,000 |
| Wildstar Equine Assisted Activities & Therapy Sherborn, MA | General Support | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
The foundation has made several notable grants in recent years:
MutualOne Foundation Grants $15,000 To A Place To Turn's 'Eat Fresh' Program2022: $15,000 grant to Framingham Public Library Foundation to support creation of a Technology Learning Center
MutualOne Bank's Charitable Foundation Donates $15,000 To Framingham Library2021: $15,000 grant to A Place To Turn's 'Eat Fresh' Program
MutualOne Bank\u2019s Charitable Foundation $15,000 grant supports creation\2021: $15,000 grant to MetroWest YMCA's Heart of the Community Campaign
MutualOne Bank\u2019s Charitable Foundation $15,000 grant supports creation\2021: $15,000 grant for Framingham Public Library Teen Room Remodel
MutualOne Bank's Charitable Foundation Donates $15,000 To Framingham LibrarySubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does MutualOne Charitable Foundation fund?
The foundation is dedicated to the promotion of charitable, educational, and civic purposes within MutualOne Bank's market area, with special emphasis on projects that focus on disadvantaged and/or underserved citizens of Framingham and Natick. Primary funding areas include: • Workforce development • Health and human services • Housing • Education • Community development • The environment • The arts
How do I apply for a grant from MutualOne Charitable Foundation?
**Grant Amounts:** The foundation considers grants of up to $10,000 to increase the quality of life of MetroWest residents. **Grant Types:** The foundation will consider requests for program support, seed money, challenge grants, and capital improvements. **Eligibility Requirements:** • Applicants must be a non-profit 501(c)(3) organization or a public institution (school, fire, police, etc.) • Located in or serving Framingham, Natick, and surrounding areas • The foundation will not fund politi…
Where does MutualOne Charitable Foundation make grants?
The foundation focuses on the MetroWest region, with primary emphasis on Framingham and Natick, Massachusetts, and surrounding areas.
What size grants does MutualOne Charitable Foundation award?
In 2024, MutualOne Charitable Foundation awarded 56 grants totaling $398K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is MutualOne Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, MutualOne Charitable Foundation reported a distributable amount of $442K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is MutualOne Charitable Foundation's EIN?
MutualOne Charitable Foundation's EIN (Employer Identification Number) is 31-1595107. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in MutualOne Charitable Foundation'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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