The Robert F Stoicofirstfed Charitable
The Robert F. Stoico / FIRSTFED Charitable Foundation is a private foundation based in Swansea, Massachusetts. Established in 1997 as part of the conversion of First Federal Savings Bank of America to a public company, the foundation has been uplifting the communities of southeastern Massachusetts and Rhode Island since its inception. The foundation has given and pledged over thirty-five million dollars to organizations in its service region.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$32.4M
+20.5% YoY
Annual Giving
$853K
-6.4% YoY
Grant Count
59
+43.9% YoY
Avg Grant Size
$14K
-34.9% YoY
Under IRS private-foundation payout rules, The Robert F Stoicofirstfed Charitable reported a distributable amount of $1.4M for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to strengthen communities by enhancing opportunities in the following areas:
- Housing opportunities for low-income or indigent citizens
- Job development, particularly for low-income, immigrant, and student communities
- Educational programs
- Arts and cultural programs that benefit the public or traditionally underserved populations
- Accessible healthcare for all
Grantmaking
The foundation made 38 grants in its most recent fiscal year. Typical grant awards range from $100,000 to $400,000.
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Geographic Focus
Where this funder awards grants
The foundation provides support to nonprofit organizations in:
- Southeastern Massachusetts
- Northern and central sections of Rhode Island
- New York (noted in some sources)
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024-2025):
- Total assets: $32,408,974
- Total revenues: $824,452
- Total expenses: $1,332,921
- Number of employees: 2
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $32,408,974 | $26,899,154 | $23,218,568 |
| Revenue | $7,442,856 | $824,452 | $1,162,614 |
| Expenses | $1,235,566 | $1,332,921 | $1,040,398 |
| Qualifying Distributions | $1,146,919 | $1,173,757 | $960,249 |
| Net Investment Income | $2,558,900 | $757,916 | $1,039,039 |
| Distributable Amount | $1,372,636 | $1,168,947 | $1,198,644 |
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 2025
Grant Size Distribution
209 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Signature Healthcare Corp ($200,000), Providence Performing Arts Center ($75,000), Boys and Girls Club of Fall River ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMOS HOUSE PROVIDENCE, RI | EXEMPT PURPOSE | $2,000 |
| ATTLEBORO AREA INDUSTRIAL MUSEUM ATTLEBORO, MA | EXEMPT PURPOSE | $1,000 |
| ATTLEBORO COUNCIL OF CURCHES ATTLEBORO, MA | EXEMPT PURPOSE | $2,000 |
| ATTLEBORO SCHOLARSHIP FOUNDATION ATTLEBORO, MA | EXEMPT PURPOSE | $1,000 |
| ATTLEBORO YMCA ATTLEBORO, MA | EXEMPT PURPOSE | $1,000 |
| BEAUTIFUL DAY PROVIDENCE, RI | EXEMPT PURPOSE | $5,000 |
| BOYS AND GIRLS CLUB OF FALL RIVER FALL RIVER, MA | EXEMPT PURPOSE | $50,000 |
| BOYS AND GIRLS CLUB OF NEW BEDFORD NEW BEDFORD, MA | EXEMPT PURPOSE | $5,000 |
| BOYS AND GIRLS CLUB OF PAWTUCKET PAWTUCKET, RI | EXEMPT PURPOSE | $5,000 |
| BRISTOL COUNTY CHAMBER FALL RIVER, MA | EXEMPT PURPOSE | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Robert F. Stoico founded the foundation and served as its leader. He passed away on January 15, 2025, at the age of 84. Stoico had dedicated 30 years to leading FIRSTFED American Bancorp Inc., growing the company from a federal savings and loan service to a multimillion-dollar financial institution.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CECILIA R VIVEIROS | CORP SECRETARY/EXEC DIRECTOR | 35 | $73,886 |
| DR PAUL RAYMOND | PRES/TREAS/CHMN/DIR (STARTED 01/2025) | 1 | — |
| GILBERT OLIVEIRA | DIRECTOR (STARTED 03/2025) | 1 | — |
| JOHN VARAO | DIRECTOR | 1 | — |
| KATHERINE LACOSTE SURPRENANT | DIRECTOR (STARTED 03/2025) | 1 | — |
| RICHARD W CEDERBERG | DIRECTOR | 1 | — |
| ROBERT F STOICO | PRES/TREAS/CHMN (DECEASED 01/2025) | 35 | $99,413 |
| STACIE C HESS | CORP SEC./EXEC. DIR (STARTED 02/2025) | 35 | $7,105 |
| ANTHONY SYLVIA | DIRECTOR (DECEASED 12/2024) | 1 | — |
Recent News & Activity
Recent developments and announcements
**2016:** The foundation donated $1.1 million to Southcoast Health's Campaign for Southcoast Health. The gift included $1 million for the Maternity Center at St. Luke's Hospital in New Bedford and $100,000 for the care of drug-addicted newborns.
Stoico/FIRSTFED Charitable Foundation donates $1.1 million for maternity\**2007:** Robert F. Stoico announced a $1 million gift to UMass Dartmouth. The university invested $750,000 in the physical renovation of the Claire T. Carney Library and established the Robert F. Stoico/FIRSTFED Grand Reading Room, a two-story space designed to promote intellectual engagement and accommodate both small and large group gatherings.
FIRSTFED''s Robert F. Stoico honored as philanthropist, community leader:Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Robert F Stoicofirstfed Charitable fund?
The foundation's mission is to strengthen communities by enhancing opportunities in the following areas: • Housing opportunities for low-income or indigent citizens • Job development, particularly for low-income, immigrant, and student communities • Educational programs • Arts and cultural programs that benefit the public or traditionally underserved populations • Accessible healthcare for all
How do I apply for a grant from The Robert F Stoicofirstfed Charitable?
The foundation made 38 grants in its most recent fiscal year. Typical grant awards range from $100,000 to $400,000. **Recent Grant Examples:** • Signature Healthcare Corporation: $400,000 • The Boys and Girls Clubs of Metro South: $150,000 • Fall River Historical Society: $60,000 **Annual Giving Activity:** • Total giving (2025): $852,700 • Total giving (2024): $762,862 across 38 grants
Where does The Robert F Stoicofirstfed Charitable make grants?
The foundation provides support to nonprofit organizations in: • Southeastern Massachusetts • Northern and central sections of Rhode Island • New York (noted in some sources)
What size grants does The Robert F Stoicofirstfed Charitable award?
In 2025, The Robert F Stoicofirstfed Charitable awarded 59 grants totaling $853K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is The Robert F Stoicofirstfed Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Robert F Stoicofirstfed Charitable reported a distributable amount of $1.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Robert F Stoicofirstfed Charitable's EIN?
The Robert F Stoicofirstfed Charitable's EIN (Employer Identification Number) is 04-3343529. IRS Form 990 filing data is available on this page for 2020–2025.
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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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