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:
The Boston Foundation ($137.2)
Berkshire Taconic Community Foundation ($13.3)
Greater Worcester Community Foundation ($8.4)
Community Foundation of Western Massachusetts ($7.7)
Essex County Community Foundation ($4.7)
Cape Cod Foundation ($4.1)
North Central Massachusetts Community Foundation ($3.6)
Community Foundation for Nantucket ($2.6)
Community Foundation of Southeastern Massachusetts ($2.3)
Greater Lowell Community Foundation ($1.4)
Cambridge Community Foundation ($1.3)
Foundation for MetroWest ($1.2)
Permanent Endowment for Martha’s Vineyard ($0.6)
Brookline Community Foundation ($0.5)
Watertown Community Foundation ($0.1)
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.
Bill & Melinda Gates Foundation ($518.9)
Fidelity Charitable ($443.6)
Patrick J. McGovern Foundation ($213.2)
Dr. Miriam & Sheldon G. Adelson Charitable Trust ($119.2)
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.
The Rare Disease Charitable Foundation ($74.8)
Liberty Mutual Foundation ($20.3)
State Street Foundation ($17.6)
Dentaquest Partnership for Oral Health Advancement ($14.6)
The TJX Foundation ($13.9)
New Balance Foundation ($7.0)
MassMutual Foundation ($7.0)
The New England Patriots Charitable Foundation ($5.6)
University Industry Research Corp. ($5.5)
Eastern Bank Charitable Foundation ($5.2)
Blue Cross Blue Shield of Massachusetts Foundation ($3.5)
The Hanover Insurance Group Foundation ($2.2)
Berkshire Bank Foundation ($2.0)
Arbella Insurance Foundation ($1.9)
Staples Foundation ($1.9)
Bristol County Savings Charitable Foundation ($1.8)
Demoulas Market Basket Foundation ($1.5)
The Elsevier Foundation ($1.3)
LPL Financial Charitable Foundation ($1.2)
Institution for Savings Charitable Foundation ($1.2)
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