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54 Giving Guide 2021 Worcester Business Journal www.wbjournal.com Largest charitable foundations Ranked by assets for most recent fiscal year available Foundation Assets/ percent of assets granted/ fiscal year Description Year founded 1 The George I. Alden Trust 370 Main St., Worcester 01608 508-459-8005 • www.aldentrust.org $221,482,520 4.7% 2019 Grants made in 2020 were in the following categories: COVID-19 related grants, higher education, educationally related Worcester nonprofit organizations, Mass. YMCAs and unsolicited special Worcester grants 1912 2 Greater Worcester Community Foundation Inc. 370 Main St., Suite 650, Worcester 01608 508-755-0980 • greaterworcester.org $180,066,157 8.0% 2020 Serves all cities and towns in Worcester County; funds established and granted on behalf of individuals, families and nonprofits 1975 3 Mathworks Foundation Inc. 1 Apple Hill Drive, Natick 01760 508-647-7000 • c/o mathworks.com $136,146,913 0.1% 2019 Supports programs and organizations that benefit local communities, especially those that inspire learning and promote education 2019 4 MetroWest Health Foundation 161 Worcester Road, Suite 202, Framingham 01701 508-879-7625 • www.mwhealth.org $105,425,336 1.6% 2020 Grants provide unmet health needs of the community; support of programs that are not customarily operated by hospitals in Massachusetts 1999 5 The Stoddard Charitable Trust 370 Main St., 12th Floor, Worcester 01608 508-459-8000 $85,354,316 5.4% 2018 Grants awarded in the cultural, educational, environmental and social service areas 1939 6 Hermann Foundation Inc. 370 Main St., Suite 925, Worcester 01608 508-756-4657 $77,735,721 4.1% 2019 Giving primarily for healthcare and medical research, education, children, youth and social services 2003 7 The TJX Foundation Inc. 770 Cochituate Road, Framingham 01701 508-390-1000 • www.tjx.com $61,606,826 32.7% 2019 Contributes to programs that provide basic-need services to disadvantaged children, women and families including domestic violence prevention, school and workforce readiness for at-risk youth 1967 8 Community Foundation of North Central Massachusetts 649 John Fitch Highway, Fitchburg 01420 978-345-8383 • www.cfncm.org $57,183,727 9.4% 2020 Serves 33 communities in North Central Massachusetts; grantmaking, education, guidance and resources to strengthen and improve communities 2001 9 The George F. and Sybil H. Fuller Foundation 370 Main St., Suite 660, Worcester 01608 508-755-1684 • www.gsfullerfoundation.org $45,906,437 5.8% 2018 Focused on area organizations in the spheres of culture, education, health care, recreation, social services and religion 1962 10 The Casey & Family Foundation P.O. Box 623, Harvard 01451 978-456-8086 $40,911,748 7.8% 2018 Recent giving primarily focused on environmental and health causes 2010 11 Sudbury Foundation 326 Concord Road, Sudbury 01776 978-443-0849 • www.sudburyfoundation.org $35,302,095 4.3% 2019 Grants scholarships to students; single and multi-year grants to various charitable organizations that support community building and civic issues, the environment, local social services, arts and culture 1952 12 Reliant Foundation 311 Main St., 2nd Floor, Worcester 01608 508-231-4673 • reliantfoundation.org $30,071,465 2.3% 2019 Community grants are focused on current public health crises within the central and Metrowest regions of the state; in 2020, targets were substance use (primarily the opioid epidemic) and/or mental and behavioral health services for children and youth 1988 13 Bonney Family Foundation c/o Flanigan, Cotillo & Mainzer LLP 1881 Worcester Road, Suite 200, Framingham 01701 508-820-2915 $29,165,720 12.9% 2019 Giving primarily focused on education 2001 14 Mildred H. McEvoy Foundation 370 Main St., 12th Floor, Worcester 01608 508-459-8000 $28,644,069 5.1% 2018 Giving focused on health, educational, cultural and human service organizations based in Worcester and Boothbay, Maine 1963 15 Robert Lloyd Corkin Charitable Foundation c/o The Entwistle Co., 6 Bigelow St., Hudson 01749 508-481-4000 $27,263,460 6.0% 2018 Giving primarily for education, a children's hospital, human services, Jewish agencies and temples 1967 16 Herb and Maxine Jacobs Foundation Inc. (a) c/o Goulston & Storrs, 400 Atlantic Ave., Suite 401, Boston 02110 617-482-1776 $26,481,897 4.0% 2018 Gifts and grants focused on cancers, diseases and conditions; human services; Judaism 1987 17 Foundation for MetroWest Inc. 3 Eliot St., Natick 01760 508-647-2260 • www.foundationformetrowest.org $26,137,022 5.7% 2019 Serves 33 communities in the Metrowest area; philanthropic community organization 1995 18 Alternatives for Youth Foundation Inc. 670 Old Connecticut Path, Framingham 01701 508-877-3690 • www.key.org $24,280,163 1.3% 2019 Support organization for the Key Program, serving youth and families involved with the juvenile justice, child welfare, mental health and educational systems 1974 19 Fels Family Foundation 333 Shrewsbury St., Worcester 01604 508-791-9501 • hocpapc.com (b) $24,182,331 4.4% 2019 Supports animal welfare, Christianity, education and human services 2004 20 Boston Scientific Foundation $24,053,594 Grants provided to health and education-related organizations focused on individuals or communities with Largest Charitable Foundations Ranked by assets for most recent fiscal year available Assets/ % of assets granted/ Year Foundation fiscal year Description founded