Sarah G. McCarthy Memorial Foundation
/OVERVIEW: The Sarah G. McCarthy Memorial Foundation supports education, housing and shelter, agriculture, food, health, and historical research in Peabody, Massachusetts.
FUNDING AREAS: Education, housing and shelter, agriculture, food, health, historical research
IP TAKE: As of late, this funder’s giving prioritizes housing. It regularly considers program support, requests for specific programs that enable capital improvements, and general operating support. It accepts unsolicited grant applications from nonprofits.
PROFILE: Established in 1948, the Sarah G. McCarthy Memorial Foundation is a private foundation in Massachusetts created to honor the donor’s mother. McCarthy prioritizes “charitable organizations located in Peabody, Massachusetts or whose work directly impacts the residents of Peabody.” Managed by Bank of America’s Massachusetts office, the foundation’s grantmaking includes education, housing and shelter, agriculture, food, health, and historical research.
The McCarthy Memorial Foundation broadly supports a variety of causes in a defined geographic area. It regularly considers program support, requests for specific programs that enable capital improvements, and general operating support. The foundation also considers providing emergency support on occasion.
McCarthy grants range between $2,000 and $15,000 . The amount given depends upon how well proposals meet needs, if a collaborative effort is involved, and how many people are impacted. Learn more about this funder’s local giving by examining its recent tax records. Grantmaking focuses exclusively on the city of Peabody, Massachusetts. Past local grantees include Healing Abuse Working for Change, Music at Eden’s Edge, Wellspring House, and Citizens for Adequate Housing.
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. Then the foundation meets to make grant decisions in June and December. This foundation occasionally matches commitments that are payable over the course of several years. McCarthy also requires that previous grantees submit a one-page expenditure report before re-applying; site visits are common before decision-making meetings. Direct general questions to the staff at ma.grantmaking@ustrust.com or 866-778-6859.
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