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: Verified by RoundPaper

FY 2024

Verified NonprofitLast Filed 2024EIN 04-2457605

Philanthropy Massachusetts Inc

BOSTON, MANTEE: T70ZFounded 1969Website

mission statement

To promote the practice and expansion of effective and responsible philanthropy to improve the health and vitality of the region.

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Total Revenue

$5.5M

FY 2024

Program Spending

86.2%

of total expenses

Known Funders

2019–2024 filings

Key Metrics (FY 2024)

The Numbers

$6.1M

Total Assets

$5.1M net

10.8 mo

Operating Reserves

FY 2024

+1%

Revenue Growth

YoY

Total Employees

FY 2024

Funding Track Record

Backed by 95 Institutional Funders

$13.6M raised across 341 grants · +$760K committed (2019–2024 filings)

Funder Geography

Funders across 15 states (2019–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
Fidelity Investments Charitable Gift Fund	BOSTON, MA	$1,713,229
Liberty Mutual Foundation Inc	BOSTON, MA	$1,500,000 +$400,000 committed
Barr Foundation	BOSTON, MA	$1,083,775
Ann Theodore Foundation	BOSTON, MA	$1,050,000
Boston Foundation Inc	BOSTON, MA	$898,685
Yawkey Foundation II	DEDHAM, MA	$781,150 +$175,000 committed
Fidelity Foundation	BOSTON, MA	$660,000
William E Schrafft and Bertha E Schrafft Charitable Trust	Boston, MA	$602,100
Frank R Peters Tr US 6 1080 1	PROVIDENCE, RI	$545,060
The Hyams Foundation Inc	Boston, MA	$356,340 +$75,000 committed

Total tracked: $13,578,191 across 341 grants · +$759,790 committed across 6 commitments (2019–2024 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2024)

What They Do

$2.7M in expenses

Fiscal sponsorship activities: philanthropy massachusetts provides general financial management that includes accounts receivable, accounts payable, providing periodic statements of the account, and handling all state and federal filings to incorporated and unincorporated entities operating for charitable purposes.

$1.2M in expenses

Summer fund: the summer fund supported over 60 nonprofits operating over 100 summer camp and program sites. In 2024, the fund supported youth through three distinct grant programs, including general operating grants, a homeless campership fund, and a mental health infrastructure fund.

$705K in expenses

Member services: in 2024, philanthropy massachusetts continued to provide its funder members and the funding community with a range of virtual program offerings covering multiple topics and regions. Over 2,000 participants attended programs on topics including: power and equity, philanthropy 101, arts and mental health. We also brought together our program staff learning network, CFO network, family foundation ceos and foundation staff from different parts of ma. We also provided customized research for funder members and a monthly newsletter.

$279K in expenses

Nonprofit partner services: philanthropy massachusetts has 400 grant seeking partners, nonprofit organizations and consultants. Philanthropy massachusetts bridges the nonprofit and funder communities by giving access to research and information to support fund development, providing professional development and networking opportunities for nonprofit staff members. Some of the programs presented include meet-the-donors and skill-building workshops in grant research, grant writing, donor cultivation, a fundraising certificate program and a fundraising for senior executives program. The resource staff provided virtual access to databases for grant research as well as one-on-one training on research. Customized research is provided by the resource center to partners at a premium level.

Financial History