The TCO Charitable Foundation Inc

Private foundation · Grantmaker Wakefield, MA EIN: 20-4513022

The TCO Charitable Foundation Inc is a private foundation, based in Wakefield, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2K in total assets. In 2025, it awarded 5 grants totaling $21K. Net investment income was $5.

Key facts about The TCO Charitable Foundation Inc

In short: The TCO Charitable Foundation Inc gave $21K across 5 grants in 2025 (avg $4K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.

EIN
20-4513022
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$20,500
Grants made (2025)
5
Average grant
$4,100
Median grant
$2,500
Total assets
$2,338
Primary geography
Massachusetts (88% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$2K

-89.8% YoY

Annual Giving

$21K

-32.3% YoY

Grant Count

5

-44.4% YoY

Avg Grant Size

$4K

+21.9% YoY

Under IRS private-foundation payout rules, The TCO Charitable Foundation Inc reported a distributable amount of $414 for 2025 — the minimum it must pay out in qualifying distributions.

How The TCO Charitable Foundation Inc gives

  • Giving fell 26% from 2022 to 2025. Method
  • In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2025 grant dollars across all 5 itemized grants.

Cities

BostonLowellDracutPeabodyWakefieldLawrenceWalthamWenhamWest NewtonAllstonAmesburyArlingtonBillericaBradfordDoverHaverhillNeedhamNewtonvilleNorwoodReading

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K1 grant2019 11 grants2020 8 grants2021 11 grants2022 12 grants2023 9 grants2024 5 grants2025

From 2019 to 2025, annual grant giving ranged from $500 (2019) to $36K (2023). In 2025 it made 5 grants totaling $21K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

Catie's Closet: $10KCatie's Closet$10KHuntington's Disease Golf Classic: $5KHuntington's Disease GolfClassic$5KMerrimack Valley Food Bank: $3KMerrimack Valley Food Bank$3KThe Aplomb Project: $3KThe Aplomb Project$3KRoxbury Presbyterian Church Social Impact CENTER(RPCSIC): $500Roxbury Presbyterian ChurchSocial Impact CENTER(RPCSIC)$500

The largest 2025 recipient was Catie's Closet ($10K). Together the top 5 received $21K.

Grant Size Distribution

45 grants across all recorded years

45<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 45 grants of 45 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Catie's Closet Dracut, MATo provide assistance and support for the charitable endeavors of the organization$10,000
Huntington's Disease Golf Classic Bradford, MATo provide assistance and support for the charitable endeavors of the organization$5,000
Merrimack Valley Food Bank Lowell, MATo provide assistance and support for the charitable endeavors of the organization$2,500
The Aplomb Project Dover, NHTo provide assistance and support for the charitable endeavors of the organization$2,500
Roxbury Presbyterian Church Social Impact CENTER(RPCSIC) Boston, MATo provide assistance and support for the charitable endeavors of the organization$500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$2,338$22,887$37,428
Revenue$5$15,010$25,000
Expenses$20,554$30,330$36,318
Qualifying Distributions$20,500$30,330$36,264
Net Investment Income$5$10—
Distributable Amount$414$3,677$2,532

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS February 19, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS June 29, 2026)
  3. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The TCO Charitable Foundation Inc is led by Richard Mastrocola, President, Teasurer & Director on every filing since 2019; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Richard Mastrocola

    President, Teasurer & Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Marie Doucette

    Clerk & Director

    On filings since 2019

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about The TCO Charitable Foundation Inc

How much does The TCO Charitable Foundation Inc give each year?

The TCO Charitable Foundation Inc gave $21K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $30K across 9 grants.

What is The TCO Charitable Foundation Inc's typical grant size?

The TCO Charitable Foundation Inc's median grant in 2025 was $2,500, and its average grant was $4,100, across 5 grants on its 2025 IRS Form 990-PF.

Where does The TCO Charitable Foundation Inc give grants?

The TCO Charitable Foundation Inc gives mostly in Massachusetts: 88% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Hampshire (12%).

Does The TCO Charitable Foundation Inc give general operating support?

Not in 2025: none of the 5 grants with a stated purpose on The TCO Charitable Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.

Who are The TCO Charitable Foundation Inc's largest grantees?

The TCO Charitable Foundation Inc's largest 2025 grantees include Catie's Closet ($10,000), Huntington's Disease Golf Classic ($5,000) and Merrimack Valley Food Bank ($2,500), according to its 2025 IRS Form 990-PF. Together they received 85% of its itemized 2025 grant dollars.

How large is The TCO Charitable Foundation Inc?

The TCO Charitable Foundation Inc reported $2K in total assets on its 2025 IRS Form 990-PF. It paid out $21K in qualifying distributions that year, against a required minimum of $414 (roughly 5% of its investment assets).

What is The TCO Charitable Foundation Inc's EIN?

The TCO Charitable Foundation Inc's EIN (Employer Identification Number) is 20-4513022. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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