Middlesex Savings Charitable Foundation Inc

Organization Overview

Middlesex Savings Charitable Foundation Inc is located in Natick, MA. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middlesex Savings Charitable Foundation 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 12/2022, Middlesex Savings Charitable Foundation Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Middlesex Savings Charitable Foundation Inc has awarded 580 individual grants totaling $8,241,698. 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 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,000,000
Interest on Savings $0
Dividends & Interest $440,625
Net Rental Income$0
Net Gain on Sale of Assets $14
Capital Gain Net Income $14
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $25,000
Total Revenue $1,465,639

Grants Awarded

Over the last fiscal year, Middlesex Savings Charitable Foundation Inc has awarded $1,445,436 in support to 59 organizations.

Grant RecipientAmount

SOUTH MIDDLESEX OPPORTUNITY COUNCIL

Org PageRecipient Profile

Framingham, MA

PURPOSE: EXEMPT PURPOSE

$218,120

FOUNDATION FOR METROWEST

Org PageRecipient Profile

Natick, MA

PURPOSE: EXEMPT PURPOSE

$183,000

SOUTH MIDDLESEX OPPORTUNITY COUNCIL

Org PageRecipient Profile

Framingham, MA

PURPOSE: EXEMPT PURPOSE

$101,880

Newton, MA

PURPOSE: EXEMPT PURPOSE

$75,000

FOUNDATION FOR METROWEST

Org PageRecipient Profile

Natick, MA

PURPOSE: EXEMPT PURPOSE

$68,000

Newton, MA

PURPOSE: EXEMPT PURPOSE

$50,000
View Grant Profile

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