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August 10, 2020
 
Report Shows How Funders Support Mass. Nonprofits

July 12, 2020 — A recently published report, the first of its kind in more than 15 years, showed that community foundations and corporate foundations based in Massachusetts, along with private grant makers, contributed $4.9 billion to Massachusetts nonprofits in 2017, the most recent year for which complete information is available.

According to Giving Massachusetts 2020, published by Philanthropy Massachusetts, a Boston-based regional association of grant makers, the 16 Massachusetts community foundations together granted $189 million in 2017.

The top five Massachusetts-based community foundations accounted for 90% of 2017 grant dollars, led by The Boston Foundation, which accounted for 74% of total giving in 2017 among the group.

Over 90% of the community foundations funded arts and culture, and education, 80% funded environment-related activities, and more than 50% prioritized human services, health, and community and economic development, according to the report.

Following is total giving by Massachusetts-based community foundations in 2017. Figures in (parenthesis) show millions of dollars granted:

  1. The Boston Foundation ($137.2)
  2. Berkshire Taconic Community Foundation ($13.3)
  3. Greater Worcester Community Foundation ($8.4)
  4. Community Foundation of Western Massachusetts ($7.7)
  5. Essex County Community Foundation ($4.7)
  6. Cape Cod Foundation ($4.1)
  7. North Central Massachusetts Community Foundation ($3.6)
  8. Community Foundation for Nantucket ($2.6)
  9. Community Foundation of Southeastern Massachusetts ($2.3)
  10. Greater Lowell Community Foundation ($1.4)
  11. Cambridge Community Foundation ($1.3)
  12. Foundation for MetroWest ($1.2)
  13. Permanent Endowment for Martha’s Vineyard ($0.6)
  14. Brookline Community Foundation ($0.5)
  15. Watertown Community Foundation ($0.1)
  16. Woods Hole Foundation ($0.1)

A community foundation makes grants for charitable purposes in a specific community or region. The funds available to a community foundation are usually derived from many donors and held in an endowment that is independently administered.

Private Grant Makers Gave $4.5B

Giving Massachusetts 2020 also reported that private grant makers, 32% of which were based in Massachusetts, gave $4.5 billion in grant dollars in 2017.

Following are the 25 top funders awarding grants to Massachusetts-based organizations in 2017. Figures in (parenthesis) denote total giving in millions of dollars.

  1. Bill & Melinda Gates Foundation ($518.9)
  2. Fidelity Charitable ($443.6)
  3. Patrick J. McGovern Foundation ($213.2)
  4. Dr. Miriam & Sheldon G. Adelson Charitable Trust ($119.2)
  5. Eli & Edythe Broad Foundation ($92.0)
  6. The Boston Foundation ($90.5)
  7. The Morningside Foundation ($82.1)
  8. Silicon Valley Community Foundation ($80.0)
  9. Combined Jewish Philanthropies of Boston ($65.9)
  10. President and Fellows of Harvard College ($65.8)
  11. Goldman Sachs Philanthropy Fund ($54.4)
  12. Schwab Charitable ($53.7)
  13. Stanley Family Foundation ($50.0)
  14. The Robert Wood Johnson Foundation ($49.2)
  15. Barr Foundation ($43.6)
  16. National Philanthropic Trust ($40.8)
  17. The Kohlberg Foundation ($32.5)
  18. Klarman Family Foundation ($29.6)
  19. Beth Israel Deaconess Medical Center ($28.1)
  20. E. G. Watkins Family Foundation ($27.7)
  21. Atlantic Coast Conference ($26.5)
  22. Simons Foundation ($26.5)
  23. Bloomberg Family Foundation ($25.5)
  24. Massachusetts Legal Assistance Corporation ($25.3)
  25. Laura and John Arnold Foundation ($23.3)

Massachusetts Corporate Foundations Gave $213M

Corporate foundations based in Massachusetts accounted for 10% of grant dollars received by Massachusetts nonprofits, and reported awarding $213 million in 2017, according to Giving Massachusetts 2020.

The 10% share of overall giving in the state exceeded the 8% share recorded nationally among corporate foundations.

Following are the the 20 top corporate foundations that awarded grants to Massachusetts-based organizations in 2017. Figures in (parenthesis) denote total giving in millions of dollars.

  1. The Rare Disease Charitable Foundation ($74.8)
  2. Liberty Mutual Foundation ($20.3)
  3. State Street Foundation ($17.6)
  4. Dentaquest Partnership for Oral Health Advancement ($14.6)
  5. The TJX Foundation ($13.9)
  6. New Balance Foundation ($7.0)
  7. MassMutual Foundation ($7.0)
  8. The New England Patriots Charitable Foundation ($5.6)
  9. University Industry Research Corp. ($5.5)
  10. Eastern Bank Charitable Foundation ($5.2)
  11. Blue Cross Blue Shield of Massachusetts Foundation ($3.5)
  12. The Hanover Insurance Group Foundation ($2.2)
  13. Berkshire Bank Foundation ($2.0)
  14. Arbella Insurance Foundation ($1.9)
  15. Staples Foundation ($1.9)
  16. Bristol County Savings Charitable Foundation ($1.8)
  17. Demoulas Market Basket Foundation ($1.5)
  18. The Elsevier Foundation ($1.3)
  19. LPL Financial Charitable Foundation ($1.2)
  20. Institution for Savings Charitable Foundation ($1.2)
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