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
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.
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
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
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
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.
Explore Open Grants
Browse active grant opportunities in Rollstone Charitable Foundation Inc'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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