The Harborone Foundation is a private grantmaking foundation established in 2016 by HarborOne Bank to coincide with the bank's 100-year anniversary. Based in Brockton, Massachusetts, the foundation operates as a 501(c)(3) organization dedicated to supporting community organizations in the regions where HarborOne Bank operates.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.8M
+11.3% YoY
Annual Giving
$872K
+87.5% YoY
Grant Count
108
+80.0% YoY
Avg Grant Size
$8K
+4.2% YoY
Under IRS private-foundation payout rules, The Harborone Foundation reported a distributable amount of $384K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Housing and Homelessness: Affordable housing development, housing assistance, and services for homeless populations
- Community Development: Resident services and community development initiatives
- Youth Development: Work-based learning, education programs, and youth services
- Human Services: Veterans transition programs, meals and outreach services, and access to essential resources
Grantmaking
The foundation began operations with $100,000 in initial grants, including four $25,000 donations to Father Bill's and MainSpring, NeighborWorks Southern Mass, the Old Colony YMCA, and the Boys and Girls Club of Brockton.
Grant Range
$5,000 to $20,000
Average Grant
$8,125
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Massachusetts (primary focus)
- Rhode Island
- New Hampshire
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $7,017,613
- Total Revenues: $296,227
- Total Expenses: $514,192
- Total Liabilities: $0
As of Most Recent Filing (2024):
- Total Assets: $7,812,345
- Total Giving: $872,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,812,345 | $7,017,613 | $8,080,380 |
| Revenue | $546,762 | $296,227 | $620,993 |
| Expenses | $1,179,223 | $514,192 | $501,765 |
| Qualifying Distributions | $1,013,848 | $496,168 | $486,549 |
| Net Investment Income | $503,391 | $279,950 | $607,862 |
| Distributable Amount | $383,527 | $335,845 | $413,762 |
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
240 grants across all recorded years
Open Grants
1 open opportunity from The Harborone Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include School on Wheels of Massachusetts ($5,000), Project Citizenship Inc ($5,000), Southeastern Mass Veterans Housing Programs Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| RHODEWAY FINANCIAL PROVIDENCE, RI | GENERAL OPERATING EXPENSES | $500 |
| CATHEDRAL HIGH SCHOOL INC BOSTON, MA | COLLEGE READINESS PROGRAM | $1,000 |
| WOMEN'S LUNCH PLACE INC BOSTON, MA | GENERAL OPERATING EXPENSES | $1,000 |
| CHICA PROJECT QUINCY, MA | CHICA PROJECT'S COMMUNITY-BASED PROGRAMMING (VIRTUAL VILLAGE) | $1,000 |
| THE IZZY FOUNDATION PROVIDENCE, RI | GENERAL OPERATING EXPENSES | $1,000 |
| ROGER WILLIAMS UNIVERSITY PROVIDENCE, RI | GENERAL OPERATING EXPENSES | $1,000 |
| BIG BROTHERS BIG SISTERS OF RHODE ISLAND INC CRANSTON, RI | REAL SKILLS FOR YOUNG ADULTS | $1,000 |
| DORCAS INTERNATIONAL INSTITUTE OF RI INC PROVIDENCE, RI | HUMAN SERVICES GENERAL OPERATING SUPPORT | $1,000 |
| BOSTON LYRIC OPERA COMPANY INC BOSTON, MA | GENERAL OPERATING EXPENSES | $1,500 |
| CHILDREN'S FRIEND AND SERVICE PROVIDENCE, RI | GENERAL OPERATING EXPENSES | $1,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
James Blake - President of HarborOne Bank; involved in foundation establishment
Scott Sanborn - EVP and Chief Lending Officer, HarborOne Bank; involved in foundation partnerships
Jeffrey Sweet - VP Commercial Lending, HarborOne Bank
Brenda Diepold - EVP Retail Banking, HarborOne Bank
Jennifer White - VP Community & Public Relations, HarborOne Bank
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JENNIFER WHITE | PRESIDENT | 12 | $86,112 |
| MAUREEN WILKINSON | TREASURER/SECRETARY | 12 | $107,990 |
| JOSEPH F CASEY | DIRECTOR | 1 | — |
| JEFFREY RUSSELL | DIRECTOR,COMMUNITY REPR. | 1 | — |
| BRENDA DIEPOLD | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has maintained an active grantmaking presence, with recent notable support including a $100,000 donation from HarborOne Bank (the foundation's parent organization) to Father Bill's & MainSpring for the Brockton Housing Resource Center project. This comprehensive facility addresses homelessness through short-term assistance and long-term permanent housing solutions, incorporating a full-service health clinic, clinical social workers, substance abuse case managers, and staff trained to help access food assistance and disability benefits.
HarborOne Foundation Awards Grant to South Boston Neighborhood House - HarborOneThe foundation continues to support organizations aligned with HarborOne Bank's core values of expanding opportunities, enriching lives, and strengthening communities in the regions it serves.
HarborOne Foundation Awards Grant to South Boston Neighborhood House - HarborOneSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Harborone Foundation fund?
The foundation's primary funding interests include: • **Housing and Homelessness**: Affordable housing development, housing assistance, and services for homeless populations • **Community Development**: Resident services and community development initiatives • **Youth Development**: Work-based learning, education programs, and youth services • **Human Services**: Veterans transition programs, meals and outreach services, and access to essential resources
How do I apply for a grant from The Harborone Foundation?
**Grant Activity:** • Made 60 grants in 2023, totaling approximately $318,500 • Grant range: $5,000 to $20,000 • Average grant: $8,125 • Typical awards: $500 to $208,000 **Recent Grant Recipients (2023):** • The Boys and Girls Clubs of Metro South: $20,000 (Work-Based Learning & Education) • Hope and Comfort: $20,000 (Hygiene Products Access) • Allston Brighton Community Development Corporation: $15,000 (Resident Services) • Father Bill's & Mainspring: $20,000 (Housing support) **Notable Histor…
Where does The Harborone Foundation make grants?
The foundation primarily funds organizations in: • Massachusetts (primary focus) • Rhode Island • New Hampshire
What size grants does The Harborone Foundation award?
In 2024, The Harborone Foundation awarded 108 grants totaling $872K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is The Harborone Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Harborone Foundation reported a distributable amount of $384K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Harborone Foundation's EIN?
The Harborone Foundation's EIN (Employer Identification Number) is 81-2658653. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Harborone Foundation'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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