Rollstone Charitable Foundation Inc
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
1
-98.1% YoY
Avg Grant Size
$171K
+4973.2% YoY
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
States
Cities
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
| 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
No grants recorded for .
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
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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