TFC Financial Charitable Foundation Inc
TFC Financial Charitable Foundation Inc is a private foundation focused on public and societal benefit, based in Boston, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $148K in total assets. In 2025, it awarded 1 grant totaling $10K. Net investment income was $7K.
TFC Financial Charitable Foundation Inc at a glance
In short: TFC Financial Charitable Foundation Inc gave $10K across 1 grant in 2025 (avg $10K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $10,000
- +0.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $10,000
- +0.0% vs 2024
- Median grant
- $10,000
- Total assets
- $148,491
- +3.9% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who TFC Financial Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Steppingstone Foundation Inc ($10K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How TFC Financial Charitable Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 150% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $10K (2020) to $30K (2021). In 2025 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Steppingstone Foundation Inc Boston, MA | Financial Literacy | $10,000 |
Ready to take the next step with TFC Financial Charitable Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $148,491 | $17,306 | $11,803 | $10,000 | 1 | $11,700 | $7,233 | $7,815 |
| 2024 | $142,986 | $13,573 | $11,711 | $10,000 | 1 | $11,635 | $3,497 | $7,078 |
| 2023 | $141,124 | $4,000 | $1,572 | — | — | $1,500 | $3,151 | $6,213 |
| 2022 | $138,698 | $12,556 | $11,050 | $10,000 | 1 | $11,050 | $2,556 | $6,154 |
| 2021 | $137,193 | $17,357 | $31,065 | $30,000 | 3 | $31,050 | $2,342 | $6,462 |
| 2020 | $150,901 | $25,348 | $11,050 | $10,000 | 1 | — | $348 | $6,796 |
| 2019 | $136,603 | $22,242 | $21,368 | $20,000 | 2 | — | $2,242 | $6,724 |
Under IRS private-foundation payout rules, TFC Financial Charitable Foundation Inc reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
TFC Financial Charitable Foundation Inc is led by Renee K. Kwok, President, Treasurer & Director since 2025 (on filings since 2019); none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Renee K. Kwok
President, Treasurer & Director
Treasurer & Director → President, Treasurer & Director, 2025
On filings since 2019
No compensation reported
Leann N. Sullivan
Director
New on the 2025 filing
No compensation reported
Former officers (2)
- Former: Daniel S. Kern (2019–2024) — Secretary & Director
- Former: James L. Joslin (2019–2024) — President & Director
Data from IRS Form 990 filings, 2019–2025. "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 TFC Financial Charitable Foundation Inc
How much does TFC Financial Charitable Foundation Inc give each year?
TFC Financial Charitable Foundation Inc gave $10K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $10K across 1 grant.
How large is TFC Financial Charitable Foundation Inc?
TFC Financial Charitable Foundation Inc reported $148K in total assets on its 2025 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets).
What is TFC Financial Charitable Foundation Inc?
TFC Financial Charitable Foundation Inc is a private foundation focused on public and societal benefit, based in Boston, MA. It holds $148K in total assets as of 2025.
Where does TFC Financial Charitable Foundation Inc operate?
TFC Financial Charitable Foundation Inc has awarded grants in Massachusetts, New York.
What is TFC Financial Charitable Foundation Inc's EIN?
TFC Financial Charitable Foundation Inc's EIN (Employer Identification Number) is 82-3209158. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 22, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in TFC Financial Charitable Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Massachusetts
Ploughshares Foundation
Highland Park, IL
Ploughshares Foundation primarily supports efforts to reduce and ultimately eliminate nuclear weapons, though its 2025 grants also covered other social, humanitarian, and environmental work. Its 2025 grants ranged from $999 to $85,000, with a median of $6,000; Massachusetts received the largest share of funding, followed by New York, Washington, DC, Maine, and California. It accepts written applications from 501(c)(3) organizations and requires an IRS determination letter and the latest Form 990; no deadline is listed.
Assets
$80.6M
Grants
368
Total Given
$3.6M
Cambridge Savings Charitable
Cambridge, MA
Cambridge Savings Charitable funds affordable housing, shelters, transitional housing, food insecurity, and financial education for underserved residents in Middlesex, Suffolk, Essex, and Norfolk counties, Massachusetts. Its website lists grants up to $5,000 and sponsorships up to $2,500 per organization per year; 2025 grants ranged from $21 to $100,000, with a median of $4,000. It states that it contributes only to preselected charities and does not accept unsolicited requests.
Assets
$947K
Grants
205
Total Given
$1.8M
Boston Charitable Trust Fund City of Boston Trust Office
Boston, MA
The Boston Charitable Trust Fund supports charitable organizations working in charitable, scientific, literary, or educational fields; its only reported grant was for assistance to residents in need. In 2025 it gave $141,161 to a Boston organization, though it reported no grants in 2023 or 2024. The available information does not state whether it accepts unsolicited requests.
Assets
$673K
Grants
1
Total Given
$141K
The Allayne and Douglas Wick Foundation
Gates Mills, OH
The foundation’s 2025 grants supported charitable organizations in areas including food assistance, education, health and mental health, arts and culture, and historic preservation, with most funding going to Ohio and smaller shares to Massachusetts, New Hampshire, New York, and North Carolina. It made 59 grants totaling $383,677; awards ranged from $500 to $252,677, with a median of $1,500. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$695K
Grants
59
Total Given
$384K
Liberty Mutual Foundation Inc
Boston, MA
Liberty Mutual Foundation funds basic needs such as food and shelter, education and workforce development, and climate and community infrastructure, including homelessness and community preparedness programs. Its 2024 grants had a median of $35,000, and most funding supports organizations or programs serving the Boston area, though it also gives elsewhere. It accepts unsolicited online requests on a rolling basis, with no submission deadlines.
Assets
$46.1M
Grants
706
Total Given
$50.6M
The Tiny Tiger Foundation
Chicago, IL
The Tiny Tiger Foundation supports organizations in education, arts, animal conservation, homelessness services, and other areas. In 2025, its 36 grants ranged from $1,800 to $27,500, with a median of $10,000; most funding went to Massachusetts, with smaller amounts to Colorado, Vermont, Kansas, and Illinois. It does not accept unsolicited requests and gives only to preselected organizations.
Assets
$8.8M
Grants
36
Total Given
$370K
More similar funders
More Funders in Massachusetts
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from TFC Financial 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.
TFC Financial Charitable Foundation Inc down — hundreds of funders to go?