The Cooperative Bank of Cape Cod
The Cooperative Bank of Cape Cod operates a charitable foundation known as The Cooperative Bank of Cape Cod Charitable Foundation Trust (also referred to as "The Coop Foundation"). The foundation is a private grantmaking foundation established in 2018 and officially launched in December 2018. It is based in Hyannis, Massachusetts and serves Barnstable County and the Cape Cod region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
+10.3% YoY
Annual Giving
$128K
-16.5% YoY
Grant Count
21
+0.0% YoY
Avg Grant Size
$6K
-16.5% YoY
Under IRS private-foundation payout rules, The Cooperative Bank of Cape Cod reported a distributable amount of $119K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports nonprofit organizations that enhance quality of life through programs and initiatives meeting fundamental needs and challenges in the communities served. The foundation identifies five core areas of impact for grant consideration:
- Economic development and self-sufficiency
- Community vitality and sustainability
- Thriving youth and families
- Education and learning
- Health and human care
Recent grant activity demonstrates particular emphasis on affordable housing, homelessness prevention, health care access, food insecurity, recovery services, and social inequality.
Grantmaking
In fiscal year 2025 (second and third quarters), the foundation awarded $124,750 in grants, including:
Grant Range
s and Frequency:**
How to Apply
**
Ready to take the next step with The Cooperative Bank of Cape Cod?
Geographic Focus
Where this funder awards grants
The foundation primarily funds nonprofit organizations serving Barnstable County and the Cape Cod region, including communities such as Hyannis, Falmouth, Sandwich, Wellfleet, Brewster, and surrounding areas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Fiscal Year (Ending March 2025):
- Total Assets: $2,766,083
- Total Revenue: $325,337
- Total Expenses: $185,146
- Net Income: $140,191
- Charitable Disbursements: $156,065 (84.3% of expenses)
Revenue Breakdown (FY 2025):
- Contributions Received: $208,810 (64.2%)
- Dividends: $58,669 (18.0%)
- Sales of Assets: $55,730 (17.1%)
- Interest Revenue: $2,128 (0.7%)
Historical Giving:
- FY 2024: $153,000 in total giving across 21 grants
- FY 2022: $165,000 in total giving across 26 grants
- FY 2021: $141,000 in total giving across 21 grants
The foundation has no liabilities and maintains a debt-free balance sheet.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,641,678 | $2,395,322 | $2,816,820 |
| Revenue | $128,821 | $4,652 | $207,658 |
| Expenses | $155,640 | $180,742 | $204,390 |
| Qualifying Distributions | $130,712 | $155,922 | $167,765 |
| Net Investment Income | $103,893 | $27,403 | $177,841 |
| Distributable Amount | $119,086 | $119,937 | $143,574 |
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
118 grants across all recorded years
Open Grants
2 open opportunities from The Cooperative Bank of Cape Cod
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cape Cod Times Neighbors Fund ($15,000), Housing Assistance Corporation ($12,500), Amplify POC Cape Cod ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Amplify POC Cape Cod Hyannis, MA | Communications and Programs Capacity Building | $10,000 |
| Behavioral Health Innovators South Chatham, MA | School-based programming | $5,000 |
| Best Buddies International Miami, FL | MA and RI Chapter; Cape Cod Jobs Expansion | $5,000 |
| Big Brothers Big Sisters of Cape Cod & The Islands Hyannis, MA | One-to-One Mentoring for At-Risk Youth | $6,250 |
| Cape Cod Children's Place North Eastham, MA | Home Visiting for Family Resilience | $5,000 |
| Cape Cod Community College Educational Foundation West Barnstable, MA | Science and Engineering Center at Cape Cod Community College | $5,000 |
| Cape Cod Healthcare Foundation Hyannis, MA | Cape Cod Hospital Patient Tower | $10,000 |
| Cape Cod Times Neighbors Fund Hyannis, MA | Housing Stability and Basic Needs for Vulnerable Residents | $15,000 |
| Champ Homes Hyannis, MA | Transitional Housing Program | $5,000 |
| Cordial Eye Gallery and Artist Space Inc Marston Mills, MA | Creative Futures Cape Cod | $2,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Lisa Oliver - CEO, Chair, and President of The Cooperative Bank of Cape Cod
Erik Porter - Chief Financial Officer (listed as foundation personnel)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Chris Cataldo | Trustee | 1 | — |
| Matt Cole | Trustee | 1 | — |
| Nancy Garran | Trustee | 1 | — |
| Lee Ann Hesse | Trustee | 1 | — |
| Mary Lenihan | Trustee (end 6/2023) | 1 | — |
| Justin Manning | Trustee | 1 | — |
| Kim Olson | Trustee (start 4/2024) | 1 | — |
| Christian Valle | Trustee | 1 | — |
| Elizabeth Oliver | President | 1 | — |
| Mark Linehan | Treasurer (end 6/2023) | 1 | — |
| Erik Porter | Treasurer (start 7/2023) | 1 | — |
| Wendy Northcross | Clerk | 1 | — |
Recent News & Activity
Recent developments and announcements
In its first quarter of fiscal year 2026, the foundation surpassed $1 million in total grants awarded since its inception in 2018. This milestone was reached while funding five regional nonprofits focused on housing development, food pantries, and youth maritime programs.
COOP Bank Of Cape Cod Awards $43K In Grants To Local NonprofitsThe foundation continues to make quarterly grant announcements through its Board of Trustees meetings. Recent grant cycles have emphasized support for affordable housing initiatives, health care facility expansion, youth mentoring programs, mental health and suicide prevention services, and support for individuals experiencing homelessness or addiction recovery.
COOP Bank Of Cape Cod Awards $43K In Grants To Local NonprofitsThe bank also provides additional support beyond foundation grants through its corporate giving program and partnerships, such as offering expedited mortgage processes to Habitat for Humanity homeowners.
Cape Cod Coop Foundation Awards $20K In Grants To Local NonprofitsFrequently Asked Questions
What does The Cooperative Bank of Cape Cod fund?
The foundation supports nonprofit organizations that enhance quality of life through programs and initiatives meeting fundamental needs and challenges in the communities served. The foundation identifies five core areas of impact for grant consideration: • Economic development and self-sufficiency • Community vitality and sustainability • Thriving youth and families • Education and learning • Health and human care Recent grant activity demonstrates particular emphasis on affordable housing, hom…
How do I apply for a grant from The Cooperative Bank of Cape Cod?
**Grant Sizes and Frequency:** • Typical grant awards range from $1,000 to $15,000 • Median grant size: $5,000 • The foundation makes approximately 20-29 grants annually • Multi-year grants are common, with installment-based disbursements **Recent Grant Activity:** In fiscal year 2025 (second and third quarters), the foundation awarded $124,750 in grants, including: • $50,000 to YMCA Cape Cod (distributed in four annual installments) for construction of a new Falmouth branch • $10,000 to Commun…
Where does The Cooperative Bank of Cape Cod make grants?
The foundation primarily funds nonprofit organizations serving Barnstable County and the Cape Cod region, including communities such as Hyannis, Falmouth, Sandwich, Wellfleet, Brewster, and surrounding areas.
What size grants does The Cooperative Bank of Cape Cod award?
In 2024, The Cooperative Bank of Cape Cod awarded 21 grants totaling $128K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Cooperative Bank of Cape Cod required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Cooperative Bank of Cape Cod reported a distributable amount of $119K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Cooperative Bank of Cape Cod's EIN?
The Cooperative Bank of Cape Cod's EIN (Employer Identification Number) is 82-4890570. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Cooperative Bank of Cape Cod's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Mutual Bancorp Foundation Inc
HYANNIS, MA
Assets
$15.3M
Grants
202
Total Given
$1.0M
Eastern Bank Foundation
LYNN, MA
Assets
$249.7M
Grants
1
Total Given
$14.7M
Cape Cod Healthcare Inc & Affiliates
HYANNIS, MA
Assets
$1.3B
Grants
33
Total Given
$872K
Lyndon Paul Lorusso Charitable Foundatio
BOSTON, MA
Assets
$28.2M
Grants
55
Total Given
$1.4M
Bilezikian Family Foundation Inc
YARMOUTHPORT, MA
Assets
$18.8M
Grants
70
Total Given
$1.0M
Edward Bangs Kelley and Elza Kelley
SOUTH YARMOUTH, MA
Assets
$9.5M
Grants
1
Total Given
$328K
Rockland Trust Charitable Foundation
ROCKLAND, MA
Assets
$51.4M
Grants
1
Total Given
$2.6M
Cape and Islands United Way Inc
HYANNIS, MA
Assets
$1.1M
Grants
25
Total Given
$437K
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
The Zammer Foundation of Cape Cod
OSTERVILLE, MA
Assets
$216K
Grants
20
Total Given
$442K
Td Charitable Foundation
PORTLAND, ME
Assets
$9.0M
Grants
1,078
Total Given
$24.3M
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated June 2026.
What could you do with The Cooperative Bank of Cape Cod on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Cooperative Bank of Cape Cod to a real strategy.