Foundation For Metrowest Inc

Organization Overview

Foundation For Metrowest Inc is located in Natick, MA. The organization was established in 1995. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Foundation For Metrowest Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Metrowest Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Foundation For Metrowest Inc generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 12.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Foundation For Metrowest Inc has awarded 698 individual grants totaling $16,499,572. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION FOR METROWEST CONNECTS PHILANTHROPIC OPPORTUNITY WITH DEMONSTRATED NEED IN METROWEST. WE PROMOTE PHILANTHROPY IN THE REGION, HELP DONORS MAXIMIZE THE IMPACT OF THEIR LOCAL GIVING, SERVE AS A RESOURCE FOR LOCAL NON-PROFIT ORGANIZATIONS, AND ENHANCE THE QUALITY OF LIFE FOR ALL OF OUR CITIZENS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ATTRACT FUNDS TO DISTRIBUTE GRANTS AND LOANS TO LOCAL AGENCIES BY CREATING AWARENESS AMONG COMMUNITY BUSINESSES AND THE GENERAL PUBLIC FOR CHARITABLE GIVING.


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Board, Officers & Key Employees

Name (title)Compensation
Jay Kim
Executive Di
$160,540
Judith Salerno
Former Exec
$155,270
Susan Elliot
Treasurer
$0
Roland Hoch
Vice Chair
$0
Michael Mcauliffe
Chairman
$0
Christine Miller
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$348,675
Related organizations$0
Government grants $1,095,325
All other contributions, gifts, grants, and similar amounts not included above$4,263,315
Noncash contributions included in lines 1a–1f $1,103,350
Total Revenue from Contributions, Gifts, Grants & Similar$5,707,315
Total Program Service Revenue$10,062
Investment income $477,885
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $3,750
Net Gain/Loss on Asset Sales $3,093,657
Net Income from Fundraising Events -$28,831
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,263,838

Grants Awarded

Over the last fiscal year, Foundation For Metrowest Inc has awarded $3,543,053 in support to 116 organizations.

Grant RecipientAmount

SUM OF ALL GRANTS UNDER 5K

|

|

$244,838

MEDFIELD FOUNDATION INC

Org PageRecipient Profile

Medfield, MA

PURPOSE: GENERAL SUPPORT

$238,538

JEWISH FAMILY SERVICE OF METROWEST

Org PageRecipient Profile

Framingham, MA

PURPOSE: GENERAL SUPPORT

$223,000

WALTHAM BOYS AND GIRLS CLUB

Org PageRecipient Profile

Waltham, MA

PURPOSE: GENERAL SUPPORT

$195,000

SMOC - VOICES AGAINST VIOLENCE

Org PageRecipient Profile

Framingham, MA

PURPOSE: GENERAL SUPPORT

$136,000

Waltham, MA

PURPOSE: GENERAL SUPPORT

$100,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Foundation For Metrowest Inc has recieved totaling $526,100.

Awarding OrganizationAmount
Mathworks Foundation Inc

Natick, MA

PURPOSE: EXEMPT PURPOSE

$225,000
Middlesex Savings Charitable Foundation Inc

Natick, MA

PURPOSE: EXEMPT PURPOSE

$183,000
Middlesex Savings Charitable Foundation Inc

Natick, MA

PURPOSE: EXEMPT PURPOSE

$68,000
Yale Charitable Foundation

Stoughton, MA

PURPOSE: CHARITABLE

$50,000
Independence Public Media Of Philadelphia Inc

Philadelphia, PA

PURPOSE: BOARD OR STAFF DONATION

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$18,018,670
Earnings$2,156,046
Net Contributions$414,096
Other Expense-$51,005
Grants$868,466
Ending Balance$19,771,351

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