McCarthy Family Foundation Charity Fund: Grants for Massachusetts

OVERVIEW: The McCarthy Family Foundation Charity Fund supports education, food, health, housing and shelter, arts and culture, human services, and youth development organizations in Massachusetts.

FUNDING AREAS: Education, food, health, housing and shelter, arts and culture, human services, youth development

IP TAKE: This foundation only funds organizations that operate north of Boston, east of Route 93 to the ocean, and south of the New Hampshire border; however, it supports topics of interest in the Boston metro area.

PROFILE: Established in 1956, the McCarthy Family Foundation Charity Fund is a family philanthropy in Massachusetts. Bank of America serves as a co-trustee for this foundation alongside Elton McCausland, Claudia Luck, David Moran, Esq., and Kevin Stiles, Esq. Managed by Bank of America’s Massachusetts office, grantmaking invests in education, food, health, housing and shelter, arts and culture, human services, and youth development.

The McCarthy Family Foundation Charity Fund, different from the McCarthy Memorial Foundation, broadly supports a range of charities in its region. It regularly considers grant requests for both program support and general operating support. It also considers request for capital improvements connected to program needs. The fund also makes matching grants payable over multiple years and occasionally considers emergency grants as well.

McCarthy grants range between $2,500 and $10,000. Learn more about this funder’s local giving by examining its recent tax records. Grantmaking focuses primarily on organizations that operate north of Boston, east of Route 93 to the ocean, and south of the New Hampshire border. Some key communities that often receive grants include Lynn, Salem, Beverly, Peabody, Gloucester, Ipswich, Newburyport, and Salisbury.

This foundation accepts unsolicited grant applications from nonprofits. The biannual application deadlines are March 31 and September 30. Grantseekers must use the Bank of America online system to apply for a grant. From there, the foundation holds grantmaking decision meetings in June and December. Past grantees are required to submit one-page expenditure reports before applying for new grants. Direct general questions to the staff at ma.grantmaking@ustrust.com or 866-778-6859.

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