Private foundation · Stoneham, MA
Stoneham Charitable Foundation Inc
Typical grant size
$500 – $1K – $5K
25th · median · 75th percentile
Unique recipients
49
Repeat grantees
23
funded 2+ years
Application procedures · from 2024 990-PF
DeadlinesFunding is awarded on a case-by-case basis and in response to funding needs and availability.
ContactNancy Coyle CFO and Treasurer · 7814815793
MaterialsThe Foundation coordinates with Stoneham Bank to consider and process requests for sponsorship and funding. The Foundation asks that applicants complete a funding request form found online at: https://www.stonehambank.com/about/get-to-know-us/giving-back Applicants will be asked to provide: (i) identifying information, including name, address, EIN, and proof of exempt status if requested; (ii) the amount of funding sought; (iii) a description of the purpose to be served by the grant, including its community impact; and (iv) how the recipient plans to acknowledge and account for any grants received.
RestrictionsOnce applications for sponsorship and grant-funding are received, the Foundation and non-voting committees from the Stoneham Bank will review the applications to determine that any potential recipients further the Foundation's exempt purpose and advance causes that are of value to the community served by Stoneham Bank. The Foundation itself will only award funding to qualified charitable organizations. The Foundation prioritizes funding requests that impact: (i) affordable housing; (ii) community services; (iii) economic development; (iv) community revitalization and stabilization; and (v) projects that promote public services within economically underserved communities. Non-qualified charitable organizations seeking funding may coordinate with Stoneham Bank for private sponsorship, but will not receive funding from the Foundation.
Leadership · from 2024 990-PF
Lorene a Comeau
Director (end 5/2024)
Harvey J Gordon
Director (start 5/2024)
Janice T Houghton
Director
James T Mcintyre
Director
John J Melkonian
Director
Gilbert a Moreira
Director
Aricia Symes-elmer
Director
Edward Doherty Jr
CEO & President
Nancy Coyle
CFO & Treasurer
Alexander Devlin
Clerk (end 1/2025)
Katie Fitzgerald
Clerk (start 1/2025)
Frederick a Ciampa
Director (end 12/2023)
Donald R Clarke
Director (end 5/2023)
Marianne Cacciola
CFO & Treasurer (end 8/2023)
Eugene M Passaro
Director (end May 2022)
Sharon Iovanni
Clerk (end Dec 21)
Source: IRS Form 990-PF, Part VII. Officers, directors, and trustees as reported by the foundation.
Payout rate · TY 2024
71.5%
grants paid ÷ assets · ~5% IRS minimum
'17
'18
'19
'20
'21
'22
'23
'24
207
Total grants awarded
$1.2M
Total amount
$6K
Average grant
$57K
Largest grant
Giving by year
Top recipients
Recipient names are as reported on the 990-PF. ✓ Exact match = EIN matched to IRS records by exact name + state; ≈ likely match = EIN inferred from a closely similar name. The recipient EIN is never stated on the form — it is DoubleNine’s match.
Recent grants · most recent filings first
Source: IRS Form 990-PF, Part XV. Up to 50 most recent grants shown.