South Shore Bank Charitable Foundation Inc is a private, company-sponsored foundation established in 1996 and based in South Weymouth, Massachusetts. The foundation operates as a 501(c)(3) tax-exempt organization and has been tax-exempt since April 1997.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
-1.7% YoY
Annual Giving
$385K
-11.5% YoY
Grant Count
130
-2.3% YoY
Avg Grant Size
$3K
-9.5% YoY
Under IRS private-foundation payout rules, South Shore Bank Charitable reported a distributable amount of $116K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports organizations involved with:
- Arts and culture
- Education
- Health
- Human services
- Community development
The foundation's grantmaking is primarily focused on Massachusetts-based organizations.
Grantmaking
The foundation does not currently list live grant opportunities or published application guidelines in available sources.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is primarily concentrated in Massachusetts.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Fiscal Year Ending March 2024:
- Total assets: $2,440,640
- Total revenue: $109,007
- Total expenses: $410,306
- Investment income and dividends: $54,080
- Net gain from sale of non-inventory assets: $54,927
Staffing: The foundation operates with 0 employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,440,640 | $2,482,631 | $3,180,952 |
| Revenue | $109,007 | $164,748 | $305,936 |
| Expenses | $410,306 | $464,688 | $414,776 |
| Qualifying Distributions | $385,175 | $435,310 | $375,900 |
| Net Investment Income | $86,876 | $137,940 | $273,231 |
| Distributable Amount | $115,739 | $132,339 | $164,719 |
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
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Father Bill's & Mainspring ($50,000), Friendship Home ($15,000), Cardinal Cushing Center ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 4TH OF JULY PARADE COMMITTEE HINGHAM, MA | EXEMPT PURPOSE | $500 |
| ALL SOULS CHURCH OF BRAINTREE BRAINTREE, MA | EXEMPT PURPOSE | $500 |
| AMRAMPCARES RANDOLPH, MA | EXEMPT PURPOSE | $2,500 |
| ARCHBISHOP WILLIAMS HIGH SCHOOL BRAINTREE, MA | EXEMPT PURPOSE | $3,500 |
| ARCHBISHOP WILLIAMS HIGH SCHOOL BRAINTREE, MA | EXEMPT PURPOSE | $1,500 |
| ATLANTIC SYMPHONY ORCHESTRA HINGHAM, MA | EXEMPT PURPOSE | $1,150 |
| ATLANTIC SYMPHONY ORCHESTRA HINGHAM, MA | EXEMPT PURPOSE | $5,000 |
| BIG SISTER ASSOCIATION OF GREATER BOSTON BOSTON, MA | EXEMPT PURPOSE | $5,000 |
| BMI INC DORCHESTER, MA | EXEMPT PURPOSE | $250 |
| BOMBERS BASEBALL NORTH ATTLEBORO, MA | EXEMPT PURPOSE | $250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ARTHUR H SHARP | DIRECTOR | 1 | — |
| PAMELA O'LEARY | VP/DIRECTOR | 1 | — |
| JAMES M DUNPHY | PRESIDENT/DIRECTOR | 1 | — |
| MARGARET K SPAGONE | DIRECTOR | 1 | — |
| DANIEL W BRENNAN | TREASURER & CLERK | 1 | — |
| JOSEPH C SULLIVAN | CHAIRMAN/DIRECTOR | 1 | — |
| MARISA O'DWYER | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
South Shore Bank provided a $100,000 grant to Father Bill's & MainSpring's Yawkey Housing Center, demonstrating the foundation's commitment to human services and community development initiatives in the region.
Father Bill's & MainSpring Company Overview, Contact Details ...Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does South Shore Bank Charitable fund?
The foundation supports organizations involved with: • Arts and culture • Education • Health • Human services • Community development The foundation's grantmaking is primarily focused on Massachusetts-based organizations.
How do I apply for a grant from South Shore Bank Charitable?
**Financial Capacity:** • Total assets: $2,440,640 (as of fiscal year ending March 2024) • Total giving: $385,175 (fiscal year 2024) • Number of grants: 82 grants made in fiscal year 2024 **Grant Characteristics:** • Typical award range: $60–$50,000 • Recent notable grants include: • Father Bills & MainSpring (FBMS): $50,000 • South Shore Peer Recovery: $15,000 • Friendship Home: $15,000 The foundation does not currently list live grant opportunities or published application guidelines in avail…
Where does South Shore Bank Charitable make grants?
The foundation's grantmaking is primarily concentrated in Massachusetts.
What size grants does South Shore Bank Charitable award?
In 2024, South Shore Bank Charitable awarded 130 grants totaling $385K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is South Shore Bank Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, South Shore Bank Charitable reported a distributable amount of $116K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is South Shore Bank Charitable's EIN?
South Shore Bank Charitable's EIN (Employer Identification Number) is 04-3356807. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in South Shore Bank Charitable'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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