wbjournal.com | Book of Lists 2024 | Worcester Business Journal 73
E D U C A T I O N & N O N P R O F I T S F O C U S
Largest corporate foundations
Ranked by amount granted for most recent time period available
Foundation
Amount
granted Assets (1)
Fiscal year
end date
Top executive/
year founded (2)
1
Bank of America Charitable Foundation
100 N. Tryon St., NC1-007-27-03, Charlotte, N.C. 28255
980-386-9127 • bankofamerica.com
$314,875,472 $13,022,222 Dec. 31, 2022
D. Steve Boland
chair & director
2004
2
Walmart Foundation
702 SW 8th St., Dept. 9740, Bentonville, Ark. 72716
800-530-9925 • walmart.org
$131,825,342 $24,354,839 Jan. 31, 2023
Kathleen McLaughlin
president
2006
3
Bristol-Myers Squibb Foundation
Route 206 Province Line Road, Princeton, N.J. 08543
212-546-4200 • bms.com
$53,106,622 $115,944,873 Dec. 31, 2022
John Damonti
president
1982
4
M&T Charitable Foundation
1 M&T Plaza, 5th Floor, Buffalo, N.Y. 14203
716-848-7303 • www3.mtb.com
$41,196,491 $216,769,912 Dec. 31, 2022
Dominique Goss
executive director
1994
5
AbbVie Foundation
1 North Waukegan Road, North Chicago, Ill. 60064
847-938-8188 • abbvie.com
$37,930,435 $193,514,460 Dec. 31, 2022
Tracie Haas
director & president
2013
6
The TJX Foundation
770 Cochituate Road, Framingham 01701
508-390-1000 • tjx.com
$25,511,017 $61,100,752 Jan. 28, 2023
John Klinger
executive VP & CFO
1967
7
TD Charitable Foundation
70 Gray Road, Falmouth, Maine 04105
207-317-4829 • td.com
$23,007,015 $5,998,486 Oct. 31, 2023
Paige Carlson-Heim
director
2002
8
Eastern Bank Foundation
195 Market St., Lynn 01901
781-598-7888 • easternbank.com
$14,400,000 $232,137,464 Dec. 31, 2022
Nancy Huntington Stager
president
1995
9
Mathworks Foundation
1 Apple Hill Drive, Natick 01760
508-647-7000 • mathworks.com
$9,850,000 $268,035,608 Dec. 31, 2023
Jeanne O'Keefe
CFO
2019
10
CVS Health Foundation
1 CVS Drive, Woonsocket, R.I. 02895
401-765-1500 • cvshealth.com
$9,538,607 $168,401,629 Dec. 31, 2022
Sheryl Burke
senior VP for corporate
social responsibility
1993
11
Point32Health Foundation (3)
1 Wellness Way, Canton 02021
617-972-9400 • point32health.org
$9,305,429 $108,794,480 Dec. 31, 2022
Nora Moreno Cargie
president
2008
12
Quest Diagnostics Foundation
500 Plaza Drive, Secaucus, N.J. 07094
201-729-8183 • questdiagnostics.com
$8,852,107 $82,745,541 Dec. 31, 2022
Jim Davis
president & CEO
2001
13
Verizon Foundation
P.O. Box 627, Basking Ridge, N.J. 07920
908-559-2735 • verizon.com
$6,248,670 $26,786,747 Dec. 31, 2022
Rose Kirk
president
1987
14
Whole Planet Foundation
550 Bowie St., Austin, Texas 78703
512-542-0959 • wholeplanetfoundation.org
$5,621,177 $10,073,503 Dec. 31, 2022
Carol Medeiros
VP, Whole Foods Market
2007
15
Eversource Energy Foundation
P.O. Box 270, Hartford, Conn. 06141
860-665-3306 • eversource.com
$5,467,189 $3,428,426 Dec. 31, 2022
Theresa Hopkins-Staten
president
1999
16
Blue Cross Blue Shield of Massachusetts Foundation
101 Huntington Ave., Suite 1300, Boston 02199
617-246-6783 • bluecrossmafoundation.org
$3,700,978 $98,000,596 Dec. 31, 2022
Audrey Shelto
president & CEO
1992
17
DCU for Kids
P.O. Box 9130, 853 Donald Lynch Blvd., Marlborough 01752
800-328-8797 • dcuforkids.org
$3,104,700 $5,028,515 Dec. 31, 2022
Laurie LaChapelle
chair & treasurer
2005
18
Berkshire Bank Foundation
P.O. Box 1308, Pittsfield 01202
413-236-3733 • berkshirebank.com
$2,937,377 $22,109,075 Dec. 31, 2022
Sean A. Gray
president & CEO
1997
19
National Grid Foundation
175 East Old Country Road, Hicksville, N.Y. 11801
516-545-6100 • nationalgridfoundation.com
$2,748,700 $32,881,952 Dec. 31, 2022
Eileen R. Cohen
chair
1998
20
Astellas Global Health Foundation
1 Astellas Way, Northbrook, Ill. 60062
800-888-7704 • astellasglobalhealthfoundation.org
$2,300,000 $29,458,881 Dec. 31, 2022
Shingo Iino
president
1994
21
Boston Scientific Foundation
300 Boston Scientific Way, Marlborough 01752
508-683-4000 • bostonscientific.com
$2,103,500 $22,598,824 Dec. 31, 2022
Alexandra Canney
treasurer
2002
Sources: GuideStar by Candid, ProPublica and individual foundations and foundation websites. Note: Foundations associated with companies that have a presence
in Central Mass. were considered for this list.
(1) For nonprofits that report a 990 PF filing; assets represent fair market value
of all assets.
(2) Or nonprofit ruling year
(3) Formerly Tufts Health Plan Foundation
-Compiled by: Heide Martin, hmartin@nebusinessmedia.com
Certified B Corps
in Central Mass.
Companies who achieve the
difficult B Corp certification from
the global organization B Lab have
agreed to use their operations to
create an overall societal good,
beyond profits and other standard
business success metrics.
• Atlas Travel & Technology
Group
Marlborough; atlastravel.com
Founded: 1986
Became B Corp: 2020
Local employees: 78
• McLaren & Associates
CPAs PC
Shrewsbury; dmclarencpa.com
Founded: 2005
Became B Corp: 2019
Local employees: 25
• Scalora Consulting Group
Ashland; scaloracg.com
Founded: 2021
Became B Corp: 2022
Local employees: 17
• Vanderburgh House LLC
Webster; vanderburghhouse.com
Founded: 2016
Became B Corp: 2018
Local employees: 15
• Redemption Rock
Brewing Co.
Worcester; redemptionrock.beer
Founded: 2018
Became B Corp: 2020
Local employees: 9
Sources: B Lab and individual B Corps
