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Private foundation (trust)EIN 461606139Est. 2013-02

Northern Bank & Trust Charitable Foundation Inc

WOBURN, MA 01801

Accepts unsolicited proposals
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Total Assets

$435K

FY 2024

Annual Giving

$831K

FY 2024

Grants Made

45

FY 2024

Avg Grant

$18K

FY 2024

Grant Range

$3K–$400K

Typical

Deadlines

Quarterly

Applications

Programs & Activities

Program 1

$5K

The James E McGarry Jr Scholarship Fund - Northern Bank & Trust Charitable Foundation awards up to 10 scholarships of $5,000 or less to candidates who are accepted as full-time students in a bachelors degree program and who have a parent or legal guardian employed as an active firefighter or police officer in the geographic area served by the Foundation.

Focus Areas

Private Grantmaking Foundations

Financial Snapshot

2024 filing

Total Revenue

$1.1M

Total Expenses

$833K

Qualifying Distributions

$832K

Distributable Amount

$8K

Min. Investment Return

$8K

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

45 grants

Grant sizes from minimum $3K through median $5K to maximum $400K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

5 years

Giving over time from 2020 to 2024. Peak $831K in 2024. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

156 grants

Heading Home
$709K
4 grants
Heading Home Inc
$400K
1 grant
Nashoba Learning Group
$161K
5 grants
National Brain Tumor Society
$125K
4 grants
Boys & Girls Club Woburn
$105K
2 grants
Joy In Childhood Foundation
$80K
2 grants
Ron Burton Training Village Inc
$79K
4 grants
Woburn Council of Social Concern
$65K
2 grants

Grant Size Distribution

156 grants

<$10K
116
grants
$10–50K
32
grants
$50–250K
6
grants
$250K–1M
2
grants
$1–5M—
$5M+—

Geographic Focus

5 states

Massachusetts
$2.8M
99% of total
Vermont
$5K
0% of total
Virginia
$5K
0% of total
New Hampshire
$5K
0% of total
Pennsylvania
$5K
0% of total

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