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· Private foundation

Mastwood Charitable Foundation

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$17k
Granted FY2025still arriving
19
Grants FY2025still arriving
9
States reached
$4k
Largest
01What it funds
0186% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2025.

Arts & Culture$25kEnvironment$17kCivil Rights$11kFood & Nutrition$7kYouth Development$6kInternational$6kEducation$6kHuman Services$3kOther$0
02FY2025 · 19 grants

Where the money goes

Grants by size, and the largest recipients.

$1,000
Median grant
9
States reached
$246k
Total assets
Largest grants
RecipientAmount
Avaloch Farm Music Institute$4,000
ESSEX COUNTY GREENBELT$1,000
IPSWICH RIVER WATERSHED ASSOC$1,000
SIGNET ASSOCIATES$1,000
TRUSTEES OF THE RESERVATION$1,000
Individual grant recipient$1,000
BLUE HERON RENAISSANCE CHOIR$1,000
AMERICAN ACADEMY IN ROME$1,000
BOSTON EARLY MUSICAL FESTIVAL$1,000
Individual grant recipient$1,000
Groton School$500
KIEVE-WAVUS EDUCATION$500
SAN FRANCISCO FRIENDS SCHOOL$500
UNIVERSITY OF NORTH CAROLINA$500
EARLY MUSIC AMERICA$500
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY20–25, $3k) land where the poverty rate runs at 9%, against an area that typically sits at 9%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 9%KIEVE-WAVUS EDUCATION: $500 → 9%KIEVE-WAVUS EDUCATION: $500 → 9%KIEVE-WAVUS EDUCATION: $500 → 9%KIEVE-WAVUS EDUCATION: $500 → 9%KIEVE-WAVUS EDUCATION: $500 → 9%KIEVE-WAVUS EDUCATION: $500 → 9%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

ME
NH
IL
NY
MA
OH
PA
CA
NC
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

96%of every dollar goes to organizations it has funded before.
$88k · 21 repeat orgs$4k to everyone else

Grantees it renews have grown median revenue +24% since the first grant, against 0% for those funded once.

21 repeat relationships: 18 still active in FY2025, 3 since wound down; 1 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

21
1

Total granted

$88k
$4k

Median revenue growth · since first grant

+24%
0%

Still filing today

67%
100%

New vs renewed · share of each year

In FY2025, 76% of grant dollars renewed an existing relationship; $4k went to new ones.

50%100%’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’20’21’22’23’24’25
Arts & CultureEducationEnvironmentInternationalHuman ServicesSocial ScienceOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • ESSEX COUNTY GREENBELT ASSOCIATION
    6× · 2020–2025 · $11k · revenue +148%
  • SA
    SIGNET ASSOCIATES
    6× · 2020–2025 · $8k · revenue +46%
  • BH
    BLUE HERON RENAISSANCE CHOIR INC
    6× · 2020–2025 · $6k · revenue +24%

Funded once

  • AF
    AVALOCH FARM MUSIC INSTITUTE INC
    one grant, 2025 · $4k · revenue 0%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Boston Architectural College

The bac is committed to provide excellence in design education grounded in practice and accessible to diverse communities.

—
2
Saint Anselm College

Saint anselm is a catholic, benedictine college providing all of its students a distinctive liberal arts education that incorporates opportunities for professional and career preparation. it does so in a learning community that encourages…

Education
3
National Academy of Design

The mission of the national academy of design is to promote the fine arts in america through exhibition and education.

Education
4
American Astronomical Society

The american astronomical society (aas), established in 1899, is the major organization of professional astronomers in north america. the basic objective of the aas is to promote the advancement of astronomy and closely related branches of…

Science & Tech
5
Trustees of the American School of Classical Studies at Athens

The broad mission of the ASCSA has remained constant over its distinguished history: teaching research archaeological exploration publication and dissemination of research. Founded in 1881 the ASCSA provides graduate students and scholars…

Arts & Culture
6
Bowdoin International Music Festival

The mission of the Bowdoin International Music Festival is to provide gifted young musicians from around the world with an opportunity to study with world-class artists, and to provide audiences with classical music performed to the…

Arts & Culture
7
President and Trustees of Bates College

Bates is a college of the liberal arts and sciences, and is a coeducational, nonsectarian, residential college with special commitments to academic rigor, and to assuring in all of its efforts the dignity of each individual, and access to…

Education
8
American Association for the Advancement of Science

Advance science, engineering, and innovation throughout the world for the benefit of all. the world's largest multidisciplinary scientific society and a leading publisher of cutting-edge research through its science family of journals,…

Science & Tech
9
Amherst Early Music Inc

To promote the appreciation, study, instruction, and historically-informed performance of music and the related arts of the period before the nineteenth century.

Arts & Culture
10
Rhode Island School of Design

The mission of rhode island school of design, through its college and museum,is to educate its students and the public in the creation and (see schedule o)appreciation of works of art and design, to discover and transmit knowledge and to…

Education
11
Boston Baroque Inc

The organization operates america's first permanent period orchestra and chorus which reach local, national, and international audiences through a subscription series, touring engagements, recordings, and broadcasts.

Arts & Culture
12
The Rivers School Corporation

The rivers school is a coed college preparatory day school for grades 6 through 12. rivers inspires every student to pursue excellence, thrive in a community of connection and belonging, and create their own path to a life of impact and…

—
How this is measured
The grantee most central to the portfolio’s shape is American Academy of Arts & Sciences; the most unlike its peers is Signet Associates. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

15 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 15 of the 22 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
4
Early backer (in before they grew)
15/15
Grantees still filing
9/15
Grew since first funded

Where the money sits, by cause and then by grantee

TRUSTEES OF THE RESERVATION: $11,000 · OtherTRUSTEES OF THE RESERVATIONIndividual grant recipient: $7,000 · OtherIndividual grant recipientRAW ART WORKS INC: $6,000 · OtherRAW ART WORKS INCTHE OPEN DOOR CAPE ANN FOOD PANTRY INC: $4,150 · OtherTHE OPEN DOOR CAPE ANN FOOD PANTRY INCIndividual grant recipient: $4,000 · OtherIndividual grant recipientACCORD FOOD PANTRY: $2,500 · OtherACCORD FOOD PANTRY+4 more: $2,750 · Other+4 moreSIGNET ASSOCIATES: $8,000 · Arts & CultureSIGNET ASSOCIATESBLUE HERON RENAISSANCE CHOIR INC: $6,000 · Arts & CultureBLUE HERON RENAISSANCE …EARLY MUSIC AMERICA INC: $3,500 · Arts & CultureEARLY MUSIC AMERICA INCBOSTON EARLY MUSIC FESTIVAL INC: $2,000 · Arts & CultureBOSTON EARLY MUSIC FEST…ESSEX COUNTY GREENBELT ASSOCIATION: $11,000 · EnvironmentESSEX COUNTY GREENBE…IPSWICH RIVER WATERSHED ASSOCIATION: $6,000 · EnvironmentIPSWICH RIVER WATERS…AVALOCH FARM MUSIC INSTITUTE INC: $4,000 · EducationAVALOCH FA…SAN FRANCISCO FRIENDS SCHOOL: $3,500 · EducationSAN FRANCI…GROTON SCHOOL: $1,000 · EducationGROTON SCH…AMERICAN ACADEMY IN ROME: $6,000 · InternationalKieve Wavus Education Inc: $3,000 · Human ServicesAMERICAN ACADEMY OF ARTS & SCIENCES: $1,000 · Social Science
Other$37,400Arts & Culture$19,500Environment$17,000Education$8,500International$6,000Human Services$3,000Social Science$1,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10Mgrantee revenue →↑ funder's share of their budgetESSEX COUNTY GREENBELT ASSOCIATION: $11,000 over 6y, 0.1% of budgetSIGNET ASSOCIATES: $8,000 over 6y, 0.5% of budgetBLUE HERON RENAISSANCE CHOIR INC: $6,000 over 6y, 0.3% of budgetIPSWICH RIVER WATERSHED ASSOCIATION: $6,000 over 6y, 0.1% of budgetAMERICAN ACADEMY IN ROME: $6,000 over 6y, 0.0% of budgetRAW ART WORKS INC: $6,000 over 3y, 0.1% of budgetTHE OPEN DOOR CAPE ANN FOOD PANTRY INC: $4,150 over 3y, 0.0% of budgetAVALOCH FARM MUSIC INSTITUTE INC: $4,000 over 1y, 0.4% of budgetSAN FRANCISCO FRIENDS SCHOOL: $3,500 over 4y, 0.0% of budgetEARLY MUSIC AMERICA INC: $3,500 over 6y, 0.2% of budgetKieve Wavus Education Inc: $3,000 over 6y, 0.0% of budgetBOSTON EARLY MUSIC FESTIVAL INC: $2,000 over 2y, 0.0% of budgetGROTON SCHOOL: $1,000 over 2y, 0.0% of budgetAMERICAN ACADEMY OF ARTS & SCIENCES: $1,000 over 2y, 0.0% of budgetMEDIEVAL ACADEMY OF AMERICA: $500 over 2y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds ESSEX COUNTY GREENBELT ASSOCIATION ↗
  • Who funds SIGNET ASSOCIATES ↗
  • Who funds BLUE HERON RENAISSANCE CHOIR INC ↗
  • Who funds IPSWICH RIVER WATERSHED ASSOCIATION ↗
  • Who funds AMERICAN ACADEMY IN ROME ↗
  • Who funds RAW ART WORKS INC ↗
  • Who funds THE OPEN DOOR CAPE ANN FOOD PANTRY INC ↗
  • Who funds AVALOCH FARM MUSIC INSTITUTE INC ↗
  • Who funds SAN FRANCISCO FRIENDS SCHOOL ↗
  • Who funds EARLY MUSIC AMERICA INC ↗
  • Who funds Kieve Wavus Education Inc ↗
  • Who funds BOSTON EARLY MUSIC FESTIVAL INC ↗
  • Who funds GROTON SCHOOL ↗
  • Who funds AMERICAN ACADEMY OF ARTS & SCIENCES ↗
  • Who funds MEDIEVAL ACADEMY OF AMERICA ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Morgan Stanley Global Impact Funding Trust IncIN8.8× affinity4 shared granteesties to 4 of 4Hover any node to trace its alignments.Compare side by side →

Open a dossier: Morgan Stanley Global Impact Funding Trust Inc · National Philanthropic Trust · Donor Advised Charitable Giving Inc · Fidelity Investments Charitable Gift Fund · Amazonsmile Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Mastwood Charitable Foundation funds: left to right is the share of its income from government, bottom to top the share from Mastwood Charitable Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 50%0%1%3%5%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 7%
  • Ipswich River Watershed Association: 68% of income from government
  • Essex County Greenbelt Association: 8% of income from government
  • Raw Art Works Inc: 7% of income from government
  • Blue Heron Renaissance Choir Inc: 4% of income from government
  • American Academy of Arts & Sciences: 3% of income from government
no gov moneyreceives it· size = income
5get no government money at all
3report government grants on their 990 we could not trace to a source (not plotted)
1rely on government for over half their income
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 22 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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