The TCO Charitable Foundation Inc
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.
The TCO Charitable Foundation Inc at a glance
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.
- Annual giving (2025)
- $20,500
- -32.3% vs 2024
- Grants made (2025)
- 5
- -44.4% vs 2024
- Average grant
- $4,100
- +21.9% vs 2024
- Median grant
- $2,500
- Total assets
- $2,338
- -89.8% vs 2024
- Primary geography
- Massachusetts (88% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The TCO Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Catie's Closet ($10K). Together the top 5 received $21K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 45 grants of 45 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $500 (2019) to $36K (2023). In 2025 it made 5 grants totaling $21K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Catie's Closet Dracut, MA | To provide assistance and support for the charitable endeavors of the organization | $10,000 |
| Huntington's Disease Golf Classic Bradford, MA | To provide assistance and support for the charitable endeavors of the organization | $5,000 |
| Merrimack Valley Food Bank Lowell, MA | To provide assistance and support for the charitable endeavors of the organization | $2,500 |
| The Aplomb Project Dover, NH | To provide assistance and support for the charitable endeavors of the organization | $2,500 |
| Roxbury Presbyterian Church Social Impact CENTER(RPCSIC) Boston, MA | To provide assistance and support for the charitable endeavors of the organization | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,338 | $5 | $20,554 | $20,500 | 5 | $20,500 | $5 | $414 |
| 2024 | $22,887 | $15,010 | $30,330 | $30,276 | 9 | $30,330 | $10 | $3,677 |
| 2023 | $37,428 | $25,000 | $36,318 | $36,264 | 12 | $36,264 | — | $2,532 |
| 2022 | $49,421 | $50,000 | $27,817 | $27,763 | 11 | $27,763 | — | $3,039 |
| 2021 | $27,238 | — | $25,979 | $25,925 | 8 | $25,925 | — | $1,963 |
| 2020 | $51,607 | $15,000 | $12,060 | $12,006 | 11 | — | — | $2,236 |
| 2019 | $50,277 | — | $554 | $500 | 1 | — | — | $2,497 |
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.
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.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS February 19, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 29, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The TCO Charitable Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in The TCO Charitable Foundation Inc's focus areas in our free grants database
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