OVERVIEW: The Demoulas Market Basket Foundation is the philanthropic vehicle of supermarket mogul Arthur T. Demoulas and family. The foundation’s Boston philanthropy focuses on schools, health organizations, and churches.
IP TAKE: The foundation keeps a low profile but accepts unsolicited nonprofit applications for funding.
FUNDING AREAS: Hospitals and health organizations, youth organizations, religious, education, cultural and civic organizations
PROFILE: Established in 1964, the Demoulas Market Basket Foundation is a private foundation in Massachusetts. Lowell, Massachusetts raised Arthur Telemachus Demoulas entered the family business at Demoulas Super Markets in the Boston area. Demoulas and family also engage in philanthropy and move charitable contributions through this foundation. Grantmaking interests are hospitals and health organizations, youth organizations, religious, education, and cultural and civic organizations.
The foundation keeps a low-profile and apart from Demoulas, only has one other trustee on the books. A sampling of recent grantees in Boston includes Lowell General Hospital, Beth Israel Deaconess Medical Center, Boys & Girls Club of Souhegan Valley, Boston College, Greater Lowell Technical High School, and Assumption of the Virgin Mary Greek Orthodox Church.
In a recent year, this foundation gave away approximately $1.4 million. During the year, close to $387,000 went to schools, colleges and universities. The second largest amount of money went to hospitals and health organizations, at $375,000. Learn more about past giving in the funder’s recent tax records. The foundation is based in Chelmsford, Massachusetts and focuses much of its giving locally. The foundation does not publish extensive grantseeker guidelines but simply requests letters from grantseekers that identify the need for contributions.
The foundation does accept letter requests from local nonprofits and may fund unsolicited applications. The phone number for the foundation is 978-244-1024.
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