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80 Worcester Business Journal | Book of Lists 2023 | wbjournal.com F O C U S E D U C A T I O N & N O N P R O F I T S Largest grant-making foundations and nonprofits Ranked by assets for the most recent time period available Organization Assets Amount granted Fiscal year end date Top executive/ year founded 1 Mathworks Foundation 1 Apple Hill Drive, Natick 01760 508-647-7000 • mathworks.com $250,693,701 $20,608,000 Dec. 31, 2022 Jeanne O'Keefe CFO 2019 2 The George I. Alden Trust 370 Main St., 11th Floor, Worcester 01608 508-459-8005 • aldentrust.org $215,486,000 $10,289,000 Dec. 31, 2022 Warner S. Fletcher chair 1912 3 Greater Worcester Community Foundation 370 Main St., Suite 650, Worcester 01608 508-755-0980 • greaterworcester.org $175,495,578 $8,414,379 Dec. 31, 2022 Peter Dunn incoming president & CEO (1) 1975 4 Stoddard Charitable Trust 370 Main St., 11th Floor, Worcester 01608 508-459-8000 • N/A $104,552,000 $4,870,000 Dec. 31, 2022 Warner S. Fletcher chair 1939 5 MetroWest Health Foundation 161 Worcester Road, Suite 202, Framingham 01701 508-879-7625 • mwhealth.org $99,772,227 $5,028,594 Sept. 30, 2022 Cathy Glover grants management director 1999 6 The TJX Foundation 770 Cochituate Road, Framingham 01701 508-390-1000 • tjx.com $84,142,448 $21,637,596 Jan. 29, 2022 John Klinger executive VP & CFO 1967 7 Health Foundation of Central Massachusetts 446 Main St., 20th Floor, Worcester 01608 508-438-0009 • hfcm.org $81,500,000 (2) $3,370,000 (2) Dec. 31, 2022 Amie Shei president & CEO 1999 8 Hermann Foundation 370 Main St., Suite 925, Worcester 01608 508-756-4657 • N/A $78,383,000 $4,355,000 Dec. 31, 2022 Maryann Copeland treasurer 2003 9 Community Foundation of North Central Massachusetts 649 John Fitch Highway, Fitchburg 01420 978-345-8383 • cfncm.org $67,231,130 $5,578,883 June 30, 2022 Steve Adams president 2001 10 The Fletcher Foundation 370 Main St., 11th Floor, Worcester 01608 508-459-8000 • N/A $59,048,000 $3,059,000 Dec. 31, 2022 Allen W. Fletcher chair 1981 11 George F. and Sybil H. Fuller Foundation 81C Shrewsbury St., P.O. Box 757, Boylston 01505 508-755-1684 • gsfullerfoundation.org $43,620,000 $2,209,000 Dec. 31, 2022 Mark W. Fuller chair 1962 12 Sudbury Foundation 326 Concord Road, Sudbury 01776 978-443-0849 • sudburyfoundation.org $41,303,970 $2,022,098 Dec. 31, 2022 Sonia Shah executive director 1952 13 Robert Lloyd Corkin Charitable Foundation c/o The Entwistle Co., 6 Bigelow St., Hudson 01749 508-481-4000 • N/A $40,492,813 $1,288,078 Dec. 31, 2021 Marjorie C. Kaplan trustee 1967 14 Mildred H. McEvoy Foundation 370 Main St., Suite 1200, Worcester 01608 508-459-8000 • N/A $39,875,000 $2,058,905 Dec. 31, 2022 Sumner B. Tilton Jr. secretary 1963 15 Reliant Foundation (3) 311 Main St., 2nd Floor, Worcester 01608 508-231-4673 • reliantfoundation.org $31,984,712 $800,000 Dec. 31, 2021 Kelsa Zereski president 1988 16 Foundation for MetroWest Inc. 3 Eliot St., Natick 01760 508-647-2260 • foundationmw.org $31,216,524 $3,760,053 Dec. 31, 2021 Jay Kim executive director 1995 17 Boston Scientific Foundation 300 Boston Scientific Way, Marlborough 01752 508-683-4000 • bostonscientific.com $29,606,405 $1,214,910 Dec. 31, 2021 Alexandra Canney treasurer 2002 18 Bonney Family Foundation (4) c/o Flanigan, Cotillo & Mainzer LLP, 1881 Worcester Road, Suite 200, Framingham 01701 508-820-2915 • N/A $29,581,775 $3,500,000 Dec. 31, 2021 Michael W. Bonney president 2001 19 Fels Family Foundation 333 Shrewsbury St., Worcester 01604 508-791-9502 • N/A ((55)) $26,965,912 $1,194,400 Dec. 31, 2021 Gerald Fels trustee 2004 20 The Hoche-Scofield Foundation 370 Main St., 12th floor, Worcester 01608 508-459-8000 • N/A $19,099,000 $858,721 Dec. 31, 2022 Sumner B. Tilton Jr. co-trustee 1983 Sources: GuideStar by Candid, Mass. Office of the Attorney General public charities filing search, Propublica and individual foundations and foundation websites (1) Expected start date is Aug. 1. (2) Figure not audited and therefore approximated. (3) Reliant Foundation is a 501(c)(3) nonprofit which makes grants as a public charity; it is not a private foundation nor a community foundation. (4) Only unsolicited grants are made. (5) Contact information for preparer of tax filing, Houssan & Ojerholm PC -Compiled by: Heide Martin, hmartin@nebusinessmedia.com