United Bank Foundation Massachusetts

SPRINGFIELD, MA EIN: 20-3128745

United Bank Foundation Massachusetts is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SPRINGFIELD, MA. IRS filing data is available for 2020. In 2020, it awarded 1 grants totaling $3.9M. Net investment income was $854K.

Financial Overview

From 2020 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$3.9M

Grant Count

Avg Grant Size

$3.9M

Under IRS private-foundation payout rules, United Bank Foundation Massachusetts reported a distributable amount of $1.9M for 2020 — the minimum it must pay out in qualifying distributions.

About United Bank Foundation Massachusetts

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $3.9M (100%)

States

Massachusetts

Cities

Springfield

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2020
Total Assets	—
Revenue	$862,444
Expenses	$3,922,666
Qualifying Distributions	—
Net Investment Income	$853,977
Distributable Amount	$1,909,350

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2020

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2020 grants, the largest include Community Foundation of Western Massachusetts ($3,914,199).

Recipient	Purpose	Amount
COMMUNITY FOUNDATION OF WESTERN MASSACHUSETTS SPRINGFIELD, MA	TRANSFER OF FOUNDATION ASSETS DUE TO TERMINATION	$3,914,199

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2020 IRS filing

From 2020 filing

Name	Title	Hours	Compensation
DANIEL FLYNN	PRESIDENT	1	—
ERIC NEWELL	TREASURER	1	—
CAROL MOORE CUTTING	CHAIR	1	—
CAROL LEARY	DIRECTOR	1	—
ROBERT A STEWART JR	DIRECTOR	1	—
PAULA AIELLO	DIRECTOR	1	—
KEVIN ROSS	DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is United Bank Foundation Massachusetts?

United Bank Foundation Massachusetts is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in SPRINGFIELD, MA. It holds — in total assets as of 2020.

Where does United Bank Foundation Massachusetts operate?

United Bank Foundation Massachusetts has awarded grants in Massachusetts.

What size grants does United Bank Foundation Massachusetts award?

In 2020, United Bank Foundation Massachusetts awarded 1 grants totaling $3.9M — an average of about $3.9M per grant, based on its IRS Form 990 filings.

How much is United Bank Foundation Massachusetts required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2020, United Bank Foundation Massachusetts reported a distributable amount of $1.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is United Bank Foundation Massachusetts's EIN?

United Bank Foundation Massachusetts's EIN (Employer Identification Number) is 20-3128745. IRS Form 990 filing data is available on this page for 2020.