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44 Worcester Business Journal | Book of Lists 2025 | wbjournal.com 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 $225,641,539 $7,556,845 Dec. 31, 2023 Brain Moynihan chair & CEO 2004 2 Walmart Foundation 702 SW 8th St., Dept. 9740, Bentonville, Ark. 72716 800-530-9925 • walmart.org $131,129,959 $30,282,854 Jan. 31, 2024 Julie Gehrki president 2006 3 Bristol-Myers Squibb Foundation Route 206 Province Line Road, Princeton, N.J. 08543 212-546-4200 • bms.com $51,845,462 $68,802,568 Dec. 31, 2023 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 $41,009,568 $203,176,299 Dec. 31, 2023 Dominique Goss executive director 1994 5 AbbVie Foundation 1 North Waukegan Road, North Chicago, Ill. 60064 847-938-8188 • abbvie.com $39,204,041 $191,283,963 Dec. 31, 2023 Claudia Carravetta president 2013 6 TD Charitable Foundation 70 Gray Road, Falmouth, Maine 04105 207-317-4829 • td.com $24,305,520 $8,961,309 Oct. 31, 2024 Paige Carlson-Heim director 2002 7 The TJX Foundation 770 Cochituate Road, Framingham 01701 508-390-1000 • tjx.com $23,322,493 $70,445,955 Feb. 3, 2024 Erica Farrell senior vice president & treasurer 1967 8 Mathworks Foundation 1 Apple Hill Drive, Natick 01760 508-647-7000 • mathworks.com $23,186,000 $424,415,799 Dec. 31, 2024 Jeanne O'Keefe chief financial officer 2019 9 CVS Health Foundation 1 CVS Drive, Woonsocket, R.I. 02895 401-765-1500 • cvshealth.com $19,382,192 $197,167,369 Dec. 31, 2023 Sheryl A. Burke senior vice president for corporate social responsibility 1993 10 Eastern Bank Foundation 195 Market St., Lynn 01901 781-598-7888 • easternbank.com $14,699,750 $249,698,317 Dec. 31, 2024 Bari A. Harlam director 1995 11 Point32Health Foundation 1 Wellness Way, Canton 02021 617-972-9400 • point32health.org $9,358,037 $117,686,597 Dec. 31, 2023 Nora Moreno Cargie president 2008 12 Verizon Foundation P.O. Box 627, Basking Ridge, N.J. 07920 908-559-2735 • verizon.com $7,619,795 $25,968,957 Dec. 31, 2023 Rose Kirk president 1987 13 Eversource Energy Foundation P.O. Box 270, Hartford, Conn. 06141 860-665-3306 • eversource.com $5,984,122 $18,053,350 Dec. 31, 2023 Theresa Hopkins-Staten president 1999 14 Whole Foods Market Foundation (3) 550 Bowie St., Austin, Texas 78703 512-542-0959 • wholeplanetfoundation.org $5,369,327 $8,899,980 Dec. 31, 2023 Daniel Zoltani executive director 2007 15 Quest Diagnostics Foundation 500 Plaza Drive, Secaucus, N.J. 07094 201-729-8183 • questdiagnostics.com $5,060,726 $69,366,783 Dec. 31, 2023 Jim Davis president & CEO 1991 16 National Grid Foundation 175 East Old Country Road, Hicksville, N.Y. 11801 516-545-6100 • nationalgrid.com $3,244,800 $38,704,340 Dec. 31, 2023 Eileen R. Cohen chair 1998 17 Berkshire Bank Foundation P.O. Box 1308, Pittsfield 01202 413-236-3733 • berkshirebank.com $2,559,162 $21,315,124 Dec. 31, 2023 Sean A. Gray president & chief operating officer 1997 18 Rockland Trust Charitable Foundation 288 Union St., Rockland 02370 781-982-6100 • rocklandtrust.com $2,437,583 $50,266,676 Dec. 31, 2023 Alastair Ironside president & chair 2005 19 DCU for Kids P.O. Box 9130, 853 Donald Lynch Blvd., Marlborough 01752 800-328-8797 • dcuforkids.org $2,298,147 $5,276,283 Dec. 31, 2023 Laurie LaChapelle chair & treasurer 2005 20 Citizens Philanthropic Foundation 101 JFK Parkway, Short Hills, N.J. 07078 732-395-1594 • citizensbank.com $2,226,060 $16,928,371 Dec. 31, 2023 Keri Santos senior vice president & director of corporate giving 2006 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) In 2024, Whole Planet Foundation, Whole Cities and Whole Kids united as Whole Foods Market Foundation. -Compiled by: Heide Martin, hmartin@nebusinessmedia.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