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
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
No grants recorded for .
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
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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