Rollstone Charitable Foundation Inc

FITCHBURG, MA EIN: 20-2843188 Website

Rollstone Charitable Foundation Inc is a private independent foundation established in 2005 and based in Fitchburg, Massachusetts. The foundation operates as a 501(c)(3) organization designated for philanthropic and grantmaking purposes.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.4M

+0.9% YoY

Annual Giving

$171K

-6.1% YoY

Grant Count

-98.1% YoY

Avg Grant Size

$171K

+4973.2% YoY

Under IRS private-foundation payout rules, Rollstone Charitable Foundation Inc reported a distributable amount of $118K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation supports charitable initiatives in North Central Massachusetts, with demonstrated funding interests in:

Housing stability and affordable housing development
Youth services and programming
Community development and social services

Grantmaking

Recent grant activity demonstrates the foundation's commitment to local community organizations:

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in North Central Massachusetts, with particular focus on the Fitchburg and surrounding region.

Grant Distribution by State

Massachusetts $788K (100%)

New Hampshire $250 (0%)

States

Massachusetts New Hampshire

Cities

ActonAshburnhamAyerBostonDevensFitchburgFranklinGardnerGrotonHardwickHarvardLancasterLeominsterLittletonLunenburgMedfieldMedfordNortonPaxtonPrinceton

Financial History

Multi-year comparison from IRS filings

As of 2023:

Total Assets: $2.39 million
Total Revenue: $311,000
Total Expenses: $216,000
Total Liabilities: $0

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,415,613	$2,392,959	$2,388,319
Revenue	$185,371	$311,128	$90,697
Expenses	$209,058	$215,613	$228,615
Qualifying Distributions	$184,433	$194,116	$205,218
Net Investment Income	$157,746	$132,431	$61,700
Distributable Amount	$118,261	$113,008	$120,248

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

200 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Total Contributions Paid ($170,713).

Recipient	Purpose	Amount
Total Contributions Paid FITCHBURG, MA	Exempt Purpose	$170,713

Leadership & Key People

Leadership team and compensation from IRS filings

Mary Beth Jokela serves as President & Chief Operating Officer of Rollstone Bank & Trust, the parent organization.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Martin F Connors Jr	President/Director	1	—
Sheri L Jordan	Treasurer/Clerk	1	—
Anthony J Mercadante	Director	1	—
David M Christianson Jr	Director	1	—
Brian T Anderson	Director	1	—

Recent News & Activity

Recent developments and announcements

2025

The foundation has increased its grantmaking activity in 2025, with multiple significant grants announced to support housing stability and youth services in the region. The foundation operates with office space support from Rollstone Bank & Trust.

Rollstone Bank & Trust Awards $15,000 Grant to Support NewVue Communities\u2019\

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Rollstone Charitable Foundation Inc fund?

The foundation supports charitable initiatives in North Central Massachusetts, with demonstrated funding interests in: • Housing stability and affordable housing development • Youth services and programming • Community development and social services

How do I apply for a grant from Rollstone Charitable Foundation Inc?

Recent grant activity demonstrates the foundation's commitment to local community organizations: • **$25,000 grant** to Boys & Girls Club of Fitchburg and Leominster to enhance programming serving 600 area youth (April 2025) • **$15,000 grant** to NewVue Communities for housing stability efforts, including tenant support services, eviction and foreclosure prevention counseling, and affordable housing development (2025) • **$5,000 donation** to a community foundation (specific recipient not deta…

Where does Rollstone Charitable Foundation Inc make grants?

The foundation primarily funds organizations in North Central Massachusetts, with particular focus on the Fitchburg and surrounding region.

What size grants does Rollstone Charitable Foundation Inc award?

In 2024, Rollstone Charitable Foundation Inc awarded 1 grants totaling $171K — an average of about $171K per grant, based on its IRS Form 990 filings.

How much is Rollstone Charitable Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Rollstone Charitable Foundation Inc reported a distributable amount of $118K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Rollstone Charitable Foundation Inc's EIN?

Rollstone Charitable Foundation Inc's EIN (Employer Identification Number) is 20-2843188. IRS Form 990 filing data is available on this page for 2020–2024.