RCB Charitable Foundation Inc
RCB Charitable Foundation Inc is a private foundation based in Reading, Massachusetts. Established by Reading Cooperative Bank in 1999, it awards grants to support educational, civic, and charitable purposes in the communities it serves.
RCB Charitable Foundation Inc at a glance
In short: RCB Charitable Foundation Inc gave $67K across 45 grants in 2026 (avg $1K), mostly in Massachusetts. 43% of 2026 grantees were new. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $67,435
- -19.0% vs 2025
- Grants made (2026)
- 45
- -10.0% vs 2025
- Average grant
- $1,499
- -10.0% vs 2025
- Median grant
- $1,000
- Total assets
- $1,091,437
- +14.9% vs 2025
- New grantees (estimate)
- 43% first-time grantees (18 of 42, 2026)
- Primary geography
- Massachusetts (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to RCB Charitable Foundation Inc
- How to Apply
Applicants are instructed to submit a cover letter signed by the organization’s executive director or board president, one paper copy and one PDF of a brief two- to three-page proposal, and the completed Proposal…
Applicants are instructed to submit a cover letter signed by the organization’s executive director or board president, one paper copy and one PDF of a brief two- to three-page proposal, and the completed Proposal Summary Sheet. The proposal should describe the organization, project, population served, community need, expected impact, goals, and timetable. The Foundation will not fund political or sectarian activities.
- Review Cycle
- None is listed in the Foundation’s 2025 filing.
- Deadline
- None is listed in the Foundation’s 2025 filing.
- Contact
Application contact: Shanna F Cahalane Svp
Mailing address: 55 Walkers Brook Drive, Reading, MA 01867
Phone: (781) 942-5000
Email: scahalane@readingcoop.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who RCB Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2026
The largest 2026 recipient was Lawrence Partnership ($8K). Together the top 10 received $39K.
Organizations only. It also paid 2 individual scholarships ($2,000), which are not listed by name.
Grant Size Distribution
210 grants across all recorded years
The most common grant size was under $50K: 210 grants of 210 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars in filing year 2026 went to recipients in Massachusetts. The Foundation’s application guidelines describe its grant program as serving its greater market area and identify eligible communities in Massachusetts.
Grant Distribution by State
Share of 2026 grant dollars across all 45 itemized grants.
Cities
Is RCB Charitable Foundation Inc open to new grantees?
43%
first-time grantees, 2026
In 2026, 18 of 42 grantees (43%) were first-time recipients. First grants averaged $868; repeat grants $2K. How we count
Medians: $1K first-time, $1K repeat.
- 48% of 2026 grantees were also funded in 2025. Method
- Giving fell 30% from 2023 to 2026. Method
- In 2026 it paid out 137% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2026). 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 2021 to 2026, annual grant giving ranged from $65K (2024) to $126K (2022). In 2026 it made 45 grants totaling $67K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lawrence Partnership Lawrence, MA | $2,500 Annual Meeting; $5,000 Annual Contribution | $7,500 |
| Greater Boston Stage Company Stoneham, MA | $2,500 Campaign for GBSC; $2,500 Fund A Need | $5,000 |
| LEO Inc Lynn, MA | Campaign For Preschool | $5,000 |
| Reading Scholarship Foundation Reading, MA | Scholarships | $5,000 |
| Camp Fire North Shore Lynn, MA | $1,000 Annual Event; $2,500 Staff Appreciation | $3,500 |
| Friends of North Reading Council on Aging North Reading, MA | 2025 Rep Brad Jones Thanksgiving Dinner | $3,000 |
| Boys & Girls Club of Lynn Lynn, MA | $500 Carnival Cash; $1,000 Cookout; $1,224 Gala | $2,724 |
| Merrimack Valley Housing Partnership Inc Lowell, MA | General Support | $2,500 |
| YMCA of Greater Boston Boston, MA | Family Welcome Area - Reading Branch | $2,500 |
| Greater Lawrence Family Health Center Methuen, MA | Spring Benefit 2026 | $2,300 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,091,437 | $62,080 | $74,717 | $67,435 | 45 | $69,385 | $22,582 | $50,716 |
| 2025 | $949,712 | $198,621 | $89,785 | $83,282 | 50 | $85,360 | $194,327 | $44,590 |
| 2024 | $929,128 | $76,508 | $72,103 | $64,743 | 30 | $66,619 | $23,663 | $44,134 |
| 2023 | $879,223 | $110,526 | $105,083 | $96,962 | 40 | $98,391 | $29,378 | $40,904 |
| 2022 | $911,969 | $95,733 | $146,520 | $126,010 | 45 | $127,496 | $80,218 | $49,913 |
| 2021 | $1,104,550 | $77,754 | $140,297 | $123,518 | 30 | — | $62,386 | $49,446 |
Under IRS private-foundation payout rules, RCB Charitable Foundation Inc reported a distributable amount of $51K for 2026 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation’s stated areas of commitment are workforce development, health and human services, housing, education, community development, the environment, and the arts. It considers requests for program support, seed money, and capital improvements. Its guidelines say eligible applicants are nonprofit 501(c)(3) organizations or public schools located in or serving Andover, Burlington, North Reading, Reading, Wilmington, or Woburn. The Foundation’s 2025 filing lists a broader set of eligible communities: those six towns plus Lawrence, Lynn, Lynnfield, Melrose, Nahant, and Wakefield.
Examples of supported organizations illustrate the range of grantees. Lawrence Partnership says it works toward an economy that benefits the whole community, while LEO Inc says its mission is to help the Greater Lynn community thrive through resources and services for children, families, and individuals. Greater Boston Stage Company describes its work as professional theatre and dramatic education; Camp Fire North Shore focuses on youth development; and My Brother’s Table provides free meals and hospitality.
Grantmaking
In filing year 2026, the Foundation reported 45 grants totaling $67,435. Grants ranged from $200 to $7,500, with a median of $1,000. Notable awards included $7,500 to Lawrence Partnership; $5,000 each to Greater Boston Stage Company, LEO Inc, and Reading Scholarship Foundation; $3,500 to Camp Fire North Shore; $3,000 to Friends of North Reading Council on Aging; and $2,724 to Boys & Girls Club of Lynn. Stated purposes included annual contributions, campaigns, preschool, scholarships, events, and general support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2026 filing lists these directors: Sally Boemer Mason, Paul Bolger, Yvonne Garcia, Michael J Linnane, James M Liston, Stephen P Maio, John J McCarthy Jr, Michael McCarthy, William McCarthy, and James J O’Leary.
RCB Charitable Foundation Inc is led by Julieann M Thurlow, President on every filing since 2021; none of the 16 officers listed in 2026 report compensation.
Officers on the 2026 filing
Julieann M Thurlow
President
On filings since 2021
1 hr/week
No compensation reported
Abel Vargas
Director
On filings since 2021
1 hr/week
No compensation reported
James J O'Leary
Director
On filings since 2021
1 hr/week
No compensation reported
James M Liston
Director
On filings since 2021
1 hr/week
No compensation reported
Kevin F Smith
Director
On filings since 2021
1 hr/week
No compensation reported
Kevin R Powers
Director
On filings since 2021
1 hr/week
No compensation reported
Michael J Linnane
Director
On filings since 2021
1 hr/week
No compensation reported
Paul Bolger
Director
On filings since 2021
1 hr/week
No compensation reported
Sally Boemer Mason
Director
On filings since 2021
1 hr/week
No compensation reported
Yvonne Garcia
Director
On filings since 2022
1 hr/week
No compensation reported
Ann McGonigle Santos
Director
On filings since 2025
1 hr/week
No compensation reported
John J McCarthy Jr.
Director
On filings since 2025
1 hr/week
No compensation reported
Michael McCarthy
Director
On filings since 2025
1 hr/week
No compensation reported
Stephen P Maio
Director
On filings since 2025
1 hr/week
No compensation reported
William McCarthy
Director
On filings since 2025
1 hr/week
No compensation reported
Carol Houle
Treasurer & Clerk
On filings since 2025
1 hr/week
No compensation reported
Former officers (2)
- Former: Anthony J Patti (2021–2025) — Treasurer & Clerk
- Former: Terrence J Bane (2021–2025) — Director
Data from IRS Form 990 filings, 2021–2026. "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 RCB Charitable Foundation Inc
How much does RCB Charitable Foundation Inc give each year?
RCB Charitable Foundation Inc gave $67K across 45 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $83K across 50 grants.
What is RCB Charitable Foundation Inc's typical grant size?
RCB Charitable Foundation Inc's median grant in 2026 was $1,000, and its average grant was $1,499, across 45 grants on its 2026 IRS Form 990-PF. Organizations receiving their first grant from RCB Charitable Foundation Inc that year got $868 on average.
Where does RCB Charitable Foundation Inc give grants?
RCB Charitable Foundation Inc gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lawrence, MA (6 grants), Lynn, MA (5 grants), Wakefield, MA (5 grants) and Reading, MA (4 grants).
Does RCB Charitable Foundation Inc give general operating support?
Yes: 24% of RCB Charitable Foundation Inc's 2026 grants with a stated purpose (11 of 45) were for general or operating support, per its 2026 IRS Form 990-PF.
Who are RCB Charitable Foundation Inc's largest grantees?
RCB Charitable Foundation Inc's largest 2026 grantees include Lawrence Partnership ($7,500), Greater Boston Stage Company ($5,000) and LEO Inc ($5,000), according to its 2026 IRS Form 990-PF. It also paid 2 individual scholarships ($2,000), which are not listed by name. Together they received 26% of its itemized 2026 grant dollars.
How large is RCB Charitable Foundation Inc?
RCB Charitable Foundation Inc reported $1.1M in total assets on its 2026 IRS Form 990-PF. It paid out $69K in qualifying distributions that year, against a required minimum of $51K (roughly 5% of its investment assets).
What does RCB Charitable Foundation Inc fund?
The Foundation’s stated areas of commitment are workforce development, health and human services, housing, education, community development, the environment, and the arts. It considers requests for program support, seed money, and capital improvements. See mission & focus areas ↑
How do I apply for a grant from RCB Charitable Foundation Inc?
Applicants are instructed to submit a cover letter signed by the organization’s executive director or board president, one paper copy and one PDF of a brief two- to three-page proposal, and the completed Proposal… Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is RCB Charitable Foundation Inc's EIN?
RCB Charitable Foundation Inc's EIN (Employer Identification Number) is 04-3466878. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 27, 2026)
- IRS filings on file for fiscal years 2021–2025
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Cite this profile
Grantable. (2026). RCB Charitable Foundation Inc funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/rcb-charitable-foundation-inc-morg_7aa94b2ecaad470ca85e42e4563599dc
BibTeX
@misc{grantable_043466878_2026,
author = {{Grantable}},
title = {{RCB Charitable Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/rcb-charitable-foundation-inc-morg_7aa94b2ecaad470ca85e42e4563599dc},
note = {Accessed 2026-10-16. 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 RCB Charitable 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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