The TCO Charitable Foundation Inc
The TCO Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKEFIELD, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $23K in total assets. In 2024, it awarded 9 grants totaling $30K. Net investment income was $10.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$23K
-38.9% YoY
Annual Giving
$30K
-16.5% YoY
Grant Count
9
-25.0% YoY
Avg Grant Size
$3K
+11.3% YoY
Under IRS private-foundation payout rules, The TCO Charitable Foundation Inc reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About The TCO Charitable Foundation Inc
Based on IRS filings
The TCO Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKEFIELD, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $23K in total assets. In 2024, it awarded 9 grants totaling $30K. Net investment income was $10.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $22,887 | $37,428 | $49,421 |
| Revenue | $15,010 | $25,000 | $50,000 |
| Expenses | $30,330 | $36,318 | $27,817 |
| Qualifying Distributions | $30,330 | $36,264 | $27,763 |
| Net Investment Income | $10 | — | — |
| Distributable Amount | $3,677 | $2,532 | $3,039 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
51 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Catie's Closet ($10,000), Merrimack Valley Food Bank ($5,000), MSCPA Educational Foundation ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Bread and Roses Community Kitchen Lawrence, MA | To Provide assistance and support for the charitable endeavors of the organization | $1,000 |
| Catie's Closet Dracut, MA | To Provide assistance and support for the charitable endeavors of the organization | $10,000 |
| Wright Lucas Foundation Boston, MA | To Provide assistance and support for the charitable endeavors of the organization | $1,000 |
| Appalachian Muntain Club Boston, MA | To Provide assistance and support for the charitable endeavors of the organization | $500 |
| Cradles to Crayons Newtonville, MA | To Provide assistance and support for the charitable endeavors of the organization | $2,000 |
| Merrimack Valley Food Bank Lowell, MA | To Provide assistance and support for the charitable endeavors of the organization | $5,000 |
| MSCPA Educational Foundation Boston, MA | To Provide assistance and support for the charitable endeavors of the organization | $5,000 |
| Compassionate Care ALS Inc W Falmouth, MA | To Provide assistance and support for the charitable endeavors of the organization | $3,276 |
| YMCA of Metro North Peabody, MA | To Provide assistance and support for the charitable endeavors of the organization | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Richard Mastrocola | President/Teasurer/Directo | 1 | — |
| Marie Doucette | Clerk/Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The TCO Charitable Foundation Inc?
The TCO Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKEFIELD, MA. It holds $23K in total assets as of 2024.
How large is The TCO Charitable Foundation Inc?
As of 2024, The TCO Charitable Foundation Inc holds $23K in total assets with $15K in annual revenue. It awarded 9 grants totaling $30K in 2024.
Where does The TCO Charitable Foundation Inc operate?
The TCO Charitable Foundation Inc has awarded grants in Massachusetts, Virginia.
What size grants does The TCO Charitable Foundation Inc award?
In 2024, The TCO Charitable Foundation Inc awarded 9 grants totaling $30K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The TCO Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The TCO Charitable Foundation Inc reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The TCO Charitable Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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