Charles H. Farnsworth Trust
/OVERVIEW: Managed by Bank of America/U.S. Trust, Farnsworth supports the needs of older adults living in the Greater Boston area.
FUNDING AREAS: Elderly adults, senior housing, senior needs, research about the elderly
IP TAKE: Farnsworth is one of the few New England funders that prioritize housing for senior citizens. Submit a capital request for the best results with this foundation.
PROFILE: Established in 1930, the Charles H. Farnsworth Trust is based in Boston, Massachusetts. Bank of America/U.S. Trust manages the trust through the bank’s Boston philanthropy office. To preserve his legacy, Farnsworth expressed an interest in “supporting housing, particularly in developing affordable housing options and in providing support services to older adults.” This funder prioritizes assisting older adults so that they can live with dignity and independence.
The Farnsworth Trust grantmaking program predominately focuses on housing by providing support services for the elderly. The program also funds services that older adults need, such as homemaker assistance, healthcare, and nutritional support. These grants seeks to help the elderly to live happily and healthily. Finally, the Farnsworth trust invests in research and planning related to the needs of older adults. This translates into grants that help communicate service opportunities to the elderly, that create more quality housing for the elderly, and that plan ahead for additional services that the growing elderly population may need in the future. Well-established senior service centers and organizations typically receive Farnsworth’s support. The foundation has been particularly interested in capital grant requests that involve construction and renovation for elderly housing. Additionally, general operating support and planning grants that involve investigating new strategies for senior housing have been strong interests. Past grantees include the Greater Boston Chinese Golden Age Center, including annual support for many years. Other Farnsworth grantees include the Chelsea Jewish Nursing Home, Rogerson Communities, Hebrew SeniorLife, Nuestra Comunidad Development Corporation, and Hale Barnard Services for Older People.
Grants range between $20,000 and $200,000. General operating support and program support grants are usually between $10,000 and $25,000. Meanwhile, capital grants are larger and range from $25,000 to $250,000. Learn more about this funder’s giving by reviewing its recent tax records. The funder prioritizes giving in the Greater Boston region.
Grantseekers must apply for a Farnsworth Trust grant by November 15 of each year. Applicants may expect to hear back from the foundation with a funding decision by the end of March of the following year. See the Bank of America website for this particular foundation to access the online application and review the application guidelines. Direct general questions to the staff at ma.grantmaking@ustrust.com or 866-778-6859.
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