The Hopedale Foundation
The Hopedale Foundation is a private foundation established in 1946 and granted tax-exempt status in May 1949. Based in Hopedale, Massachusetts, the foundation makes grants to religious, charitable, scientific, literary, and educational organizations, with a particular emphasis on local community impact. The foundation also administers student loans and scholarships for qualified applicants.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.4M
+16.3% YoY
Annual Giving
$439K
-7.2% YoY
Grant Count
30
+7.1% YoY
Avg Grant Size
$15K
-13.4% YoY
Under IRS private-foundation payout rules, The Hopedale Foundation reported a distributable amount of $575K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation emphasizes area community funds and hospitals, with additional support for museums and other cultural programs, health agencies, youth services, and higher education. New grants are restricted to organizations having direct impact on the local community.
Primary funding areas include:
- Grants to religious, charitable, scientific, literary, or educational organizations
- Loans to college students who graduated from Hopedale High School
- Scholarships limited to Hopedale High School graduates
- Community development and revitalization projects
- General operations support for local institutions
Grantmaking
The foundation made 25 grants in its most recent reporting period. Historical data indicates the foundation has made 52 grants totaling $1.1 million, with individual grants ranging from $1,000 to $300,000.
Grant Range
s:**
Average Grant
$22,000
How to Apply
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Geographic Focus
Where this funder awards grants
Grantmaking is concentrated in Massachusetts, with a primary focus on Hopedale and the surrounding local area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending October 2024:
- Total Assets: $13,367,456
- Total Revenues: $671,928
- Total Expenses: $514,019
- Net Income: $157,909
- Total Liabilities: $0
Historical Asset Growth: Total assets have grown from $9 million in 2010 to $13.4 million in 2024.
Annual Distribution: The foundation has distributed between $538,000 and $584,000 annually from 2020 to 2022, with total annual giving reported at $525,745.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,367,456 | $11,495,876 | $11,826,741 |
| Revenue | $671,928 | $671,096 | $668,638 |
| Expenses | $514,019 | $540,655 | $661,589 |
| Qualifying Distributions | $514,019 | $540,655 | $661,589 |
| Net Investment Income | $520,540 | $520,266 | $515,098 |
| Distributable Amount | $575,348 | $531,922 | $571,380 |
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
137 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Education Loans Granted ($159,049), Hopedale Community House ($150,000), Emma Bourgeois ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ELEANOR POITRAS HOPEDALE, MA | SCHOLARSHIP | $3,000 |
| IGOR FREEMAN HOPEDALE, MA | SCHOLARSHIP | $3,000 |
| JOHN FUMIA HOPEDALE, MA | SCHOLARSHIP | $3,000 |
| JOHN MCSHANE HOPEDALE, MA | SCHOLARSHIP | $3,000 |
| MIKAYLA SANOSI HOPEDALE, MA | SCHOLARSHIP | $3,000 |
| MAYA ARCUDI HOPEDALE, MA | SCHOLARSHIP | $3,000 |
| EMMA BOURGEOIS HOPEDALE, MA | SCHOLARSHIP | $10,000 |
| JACKSON HUNT HOPEDALE, MA | SCHOLARSHIP | $10,000 |
| KENZIE STYLES HOPEDALE, MA | SCHOLARSHIP | $10,000 |
| MATTHEW CARROLL HOPEDALE, MA | SCHOLARSHIP | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Dr. Vincent J. Arone is listed as a contact person for the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER S ELLIS | CHAIRMAN/TRUSTEE | 0.5 | — |
| W GREGORY BURRILL | VICE CHAIRMAN/TRUSTEE | 0.5 | — |
| ALFRED H SPARLING JR | TRUSTEE | 0.5 | — |
| STEVEN G ELLIS | SECRETARY/TRUSTEE | 0.5 | — |
| EDWARD J BURT | TRUSTEE | 0.5 | — |
| CHRISTINE H BURKE | TRUSTEE | 0.5 | — |
| VICENT J ARONE JR | TRUSTEE/TREASURER | 0.5 | — |
Contact Information
- Address: 43 Hope Street, Hopedale, MA 01747-1221
- Phone: 508-473-2871
- EIN: 04-6044779
Frequently Asked Questions
What does The Hopedale Foundation fund?
The foundation emphasizes area community funds and hospitals, with additional support for museums and other cultural programs, health agencies, youth services, and higher education. New grants are restricted to organizations having direct impact on the local community. Primary funding areas include: • Grants to religious, charitable, scientific, literary, or educational organizations • Loans to college students who graduated from Hopedale High School • Scholarships limited to Hopedale High Scho…
How do I apply for a grant from The Hopedale Foundation?
**Grant Activity:** The foundation made 25 grants in its most recent reporting period. Historical data indicates the foundation has made 52 grants totaling $1.1 million, with individual grants ranging from $1,000 to $300,000. **Grant Sizes:** • Smallest grant: $1,000 • Median grant: $5,000 • Average grant: $22,000 **Recent Grants (2024):** • Hopedale Community House: $150,000 (General Operations) • Museum of Science: $2,500 (General Operations) • New England Aquarium: $2,500 (General Operations)
Where does The Hopedale Foundation make grants?
Grantmaking is concentrated in Massachusetts, with a primary focus on Hopedale and the surrounding local area.
What size grants does The Hopedale Foundation award?
In 2024, The Hopedale Foundation awarded 30 grants totaling $439K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is The Hopedale Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hopedale Foundation reported a distributable amount of $575K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hopedale Foundation's EIN?
The Hopedale Foundation's EIN (Employer Identification Number) is 04-6044779. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Hopedale 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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