The Fidelity Non-Profit Management Foundation prioritizes major capital, endowment and program investments in Boston/New England cultural institutions, elite higher-education and medical centers, and workforce/education intermediaries. Its grants favor large-scale building and endowment gifts to museums, performing arts organizations and hospitals alongside repeat multi-year support for university research and career-training nonprofits. The foundation combines place-based giving in Greater Boston with selective national gifts to leading cultural and biomedical institutions.
A $25 million gift to Massachusetts General Hospital for new construction is the clearest signal of how Fidelity Non-profit Management Foundation operates: large, institution-building grants aimed at capital projects, endowments, and research capacity. Across the recent grants list, the foundation backs hospitals, museums, universities, historic preservation groups, and arts institutions with multi-million-dollar awards rather than small program checks. That pattern appears in support for Harvard University, Massachusetts Institute of Technology, and Yale University, alongside cultural funding for Boston Symphony Orchestra Inc, Museum of Modern Art, and Worcester Art Museum. The foundation also funds biomedical and scientific discovery, including Alzheimer’s research and other university-based science work, which fits its emphasis on specialized, high-cost institutional needs. The grantee mix suggests a funder that favors established organizations with major capital, endowment, or research agendas. Boston-area institutions appear repeatedly, but the portfolio also reaches national cultural and biomedical nonprofits, as well as selective workforce intermediaries. Grant purposes such as renovation, new construction, endowment, technology and equipment, and campaign planning show a preference for underwriting the infrastructure that supports long-term institutional stability.
In hospital and biomedical work, the foundation made a $25 million grant to Massachusetts General Hospital for new construction and a $5 million grant to Childrens Hospital Corporation for endowment support. It also backed Alzheimer’s Disease and Related Disorders Association Inc with two $7.5 million discovery research grants in 2023 and 2024, indicating sustained support for scientific research. In higher education, Fidelity Non-profit Management Foundation gave $10 million to Harvard University for endowment and $5 million to Massachusetts Institute of Technology for endowment, with another $3 million grant to Harvard University for discovery research. Arts and heritage organizations also receive large institutional gifts: Boston Symphony Orchestra Inc received $5 million for renovation, and Historic New England received $4 million for campaign and fundraising planning. The foundation’s portfolio also includes Worcester Art Museum, Museum of Science, and the New England Conservatory of Music.
$135.2M
$2.6B
$258.9M
$141.7M
Most grants fall between $390K and $1.1M, with a median of $525K.
25th Percentile
$390K
Median
$525K
75th Percentile
$1.1M
About 72% of grants go to recipients in CA.
MAURA MARX
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Concentrated, high-dollar philanthropy with multiple large grants to a set of repeat core institutions; a mix of capital/renovation and endowment gifts combined with targeted program or technology support for capacity-building. Predominantly multi-grant relationships rather than one-off small awards, focused geographically on Boston/New England but with occasional national-level cultural and medical beneficiaries.
Notable grantees: Massachusetts General Hospital, Worcester Art Museum, Massachusetts Institute of Technology (MIT), Per Scholas, Boston Ballet
Typical awards are large: the grant-size distribution sits at $390,000 at the 25th percentile, $525,000 at the median, and $1,065,000 at the 75th percentile. The recent grants list shows repeated support to the same organizations over multiple years, including Worcester Art Museum, Harvard University, and Alzheimer’s Disease and Related Disorders Association Inc, which points to recurring relationships rather than one-off gifts. Fidelity Non-profit Management Foundation is a pure DAF provider, and its grantmaking is carried out through the donor-advised fund structure rather than program-related investments or individual grants.
Grantmaking is heavily concentrated in Massachusetts, with 72% of grants going to recipients in the HQ state. Boston alone appears frequently in the recent grants list through Massachusetts General Hospital, Harvard University, Boston Symphony Orchestra Inc, Childrens Hospital Corporation, New England Conservatory of Music, and the Museum of Science. Outside Massachusetts, the foundation also directs sizable awards to New York, including The Metropolitan Museum of Art and Museum of Modern Art, and to California recipients such as Henry E Huntington Library & Art Gallery in San Marino.
The recent grants list shows support for hospitals, universities, museums, performing arts organizations, and historic preservation groups. Examples include Massachusetts General Hospital, Harvard University, Boston Symphony Orchestra Inc, Worcester Art Museum, and Historic New England. The grant purposes also point to capital, endowment, research, and renovation work.
Yes. Worcester Art Museum appears multiple times across 2023, 2024, and 2025, and Harvard University and Alzheimer’s Disease and Related Disorders Association Inc each received more than one recent grant. That pattern suggests ongoing relationships with selected institutions.
The distribution is large: p25 is $390,000, median grant size is $525,000, and p75 is $1,065,000. The recent grants list also includes several multi-million-dollar gifts, showing that the foundation often operates at an institutional scale.
Most grants go to Massachusetts recipients, and 72% of grants are made to organizations in the HQ state. Boston is especially prominent in the recent grants list, with awards to Massachusetts General Hospital, Harvard University, Boston Symphony Orchestra Inc, Childrens Hospital Corporation, and the Museum of Science.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| MASSACHUSETTS GENERAL HOSPITAL | BOSTON, MA | $25,000,000 | 2025 | NEW CONSTRUCTION |
| BOSTON SYMPHONY ORCHESTRA INC | BOSTON, MA | $5,000,000 | 2025 | RENOVATION |
| MUSEUM OF MODERN ART | NEW YORK, NY | $5,000,000 | 2025 | ENDOWMENT |
| WORCESTER ART MUSEUM | WORCESTER, MA | $5,000,000 | 2025 | PROPERTY CARE; BUILDINGS; RENOVATION |
| HISTORIC NEW ENGLAND | HAVERHILL, MA | $4,000,000 | 2025 | CAMPAIGN/FUNDRAISING PLAN |
| YALE UNIVERSITY | NEW HAVEN, CT | $3,000,000 | 2025 | ENDOWMENT |
| MASSACHUSETTS MUSEUM OF CONTEMPORARY ART FOUNDATION | NORTH ADAMS, MA | $3,000,000 | 2025 | RENOVATION |
| NEW ENGLAND HISTORIC GENEALOGICAL SOCIETY INC | BOSTON, MA | $3,000,000 | 2025 | PROPERTY CARE; BUILDINGS; RENOVATION |
| NORTH BENNET STREET SCHOOL | BOSTON, MA | $2,500,000 | 2025 | PROPERTY CARE; BUILDINGS; RENOVATION |
| STERLING AND FRANCINE CLARK ART INSTITUTE | WILLIAMSTOWN, MA | $2,500,000 | 2025 | ENDOWMENT |
| PER SCHOLAS INC | BRONX, NY | $2,500,000 | 2025 | CRM |
| THEODORE ROOSEVELT PRESIDENTIAL LIBRARY FOUNDATION | BISMARCK, ND | $2,500,000 | 2025 | NEW CONSTRUCTION |
| HENRY E HUNTINGTON LIBRARY & ART GALLERY | SAN MARINO, CA | $2,500,000 | 2025 | PROPERTY CARE; BUILDINGS; CONSTRUCTION |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | CAMBRIDGE, MA | $2,000,000 | 2025 | PROGRAM DEVELOPMENT/EVALUATION |
| YEAR UP UNITED | BOSTON, MA | $2,000,000 | 2025 | TECHNOLOGY & EQUIPMENT |
| INSTITUTE OF CONTEMPORARY ART | BOSTON, MA | $2,000,000 | 2025 | ENDOWMENT |
| THE POSSE FOUNDATION INC | NEW YORK, NY | $2,000,000 | 2025 | ENDOWMENT |
| NEW ENGLAND CONSERVATORY OF MUSIC | BOSTON, MA | $2,000,000 | 2025 | PROPERTY CARE; BUILDINGS; CONSTRUCTION |
| BRAVEN INC | CHICAGO, IL | $1,600,000 | 2025 | PROGRAM EXPANSION |
| BELLFORGE ARTS CENTER | MEDFIELD, MA | $1,500,000 | 2025 | PROPERTY CARE; BUILDINGS; RENOVATION |
| CONCORD MUSEUM | CONCORD, MA | $1,500,000 | 2025 | ENDOWMENT |
| MASSACHUSETTS HISTORICAL SOCIETY | BOSTON, MA | $1,500,000 | 2025 | ENDOWMENT |
| SOCIAL FINANCE INC | BOSTON, MA | $1,500,000 | 2025 | CAMPAIGN/FUNDRAISING PLAN |
| BOCH CENTER | BOSTON, MA | $1,500,000 | 2025 | TECHNOLOGY & EQUIPMENT |
| HUNTINGTON THEATRE COMPANY INC | BOSTON, MA | $1,500,000 | 2025 | ENDOWMENT |
| THE SHED | NEW YORK, NY | $1,500,000 | 2025 | GENERAL OPERATING/ANNUAL SUPPORT |
| CHILDREN'S HOSPITAL BOSTON | BOSTON, MA | $1,385,000 | 2025 | DISCOVERY RESEARCH (SCIENCE) |
| GEORGIA STATE UNIVERSITY FOUNDATION INC | ATLANTA, GA | $1,375,000 | 2025 | PROGRAM EXPANSION |
| UNIVERSITY OF MASSACHUSETTS FOUNDATION INC | NEWTON, MA | $1,245,000 | 2025 | PROGRAM EXPANSION |
| BRIGHTFOCUS FOUNDATION | CLARKSBURG, MD | $1,200,000 | 2025 | DISCOVERY RESEARCH (SCIENCE) |
| DIGITAL HARBOR FOUNDATION INC | BALTIMORE, MD | $1,000,000 | 2025 | OTHER PROGRAM DEV PROJECT (PLEASE SPECIFY) |
| BRAVEN INC | CHICAGO, IL | $1,000,000 | 2025 | PROGRAM EXPANSION |
| CAPE ANN MUSEUM INC | GLOUCESTER, MA | $1,000,000 | 2025 | PROPERTY CARE; BUILDINGS; RENOVATION |
| JOBS FOR THE FUTURE INC | BOSTON, MA | $1,000,000 | 2025 | R&D/INNOVATION/PILOTS |
| BOSTON BALLET INC | BOSTON, MA | $1,000,000 | 2025 | ENDOWMENT |
| HARVARD MEDICAL SCHOOL | BOSTON, MA | $1,000,000 | 2025 | DISCOVERY RESEARCH (SCIENCE) |
| MERIT AMERICA | WASHINGTON, DC | $1,000,000 | 2025 | PROGRAM DEVELOPMENT/EVALUATION |
| RESILIENT CODERS INC | SAN FRANCISCO, CA | $1,000,000 | 2025 | STRATEGIC PLAN |
| NAF | NEW YORK, NY | $930,000 | 2025 | TECHNOLOGY & EQUIPMENT |
| BIG PICTURE COMPANY INC | PROVIDENCE, RI | $920,000 | 2025 | TECHNOLOGY & EQUIPMENT |
| ONEGOAL | CHICAGO, IL | $900,000 | 2025 | TECHNOLOGY PLAN |
| NPOWER INC | BROOKLYN, NY | $900,000 | 2025 | PROGRAM DEVELOPMENT/EVALUATION |
| TRUSTEES OF BOSTON UNIVERSITY | BOSTON, MA | $880,000 | 2025 | R&D/INNOVATION/PILOTS |
| MENTOR THE NATIONAL MENTORING PARTNERSHIP INC | BOSTON, MA | $860,000 | 2025 | TECHNOLOGY & EQUIPMENT |
| OPPORTUNITY AT WORK INC | WASHINGTON, DC | $850,000 | 2025 | TECHNOLOGY PLAN |
| UNIVERSITY OF MASSACHUSETTS FOUNDATION INC | NEWTON, MA | $820,000 | 2025 | EVALUATION |
| THE ASSOCIATION FOR FRONTOTEMPORAL DEGENERATION | KING OF PRUSSIA, PA | $800,000 | 2025 | DISCOVERY RESEARCH (SCIENCE) |
| INSTITUTE FOR NONPROFIT PRACTICE INC | BOSTON, MA | $750,000 | 2025 | PROGRAM DEVELOPMENT/EVALUATION |
| HARVARD UNIVERSITY | CAMBRIDGE, MA | $750,000 | 2025 | ENDOWMENT |
| ALZHEIMERS DISEASE DATA INITIATIVE INC | KIRKLAND, WA | $750,000 | 2025 | R&D/INNOVATION/PILOTS |
MASSACHUSETTS GENERAL HOSPITAL
$25,000,000NEW CONSTRUCTION
BOSTON SYMPHONY ORCHESTRA INC
$5,000,000RENOVATION
MUSEUM OF MODERN ART
$5,000,000ENDOWMENT
WORCESTER ART MUSEUM
$5,000,000PROPERTY CARE; BUILDINGS; RENOVATION
HISTORIC NEW ENGLAND
$4,000,000CAMPAIGN/FUNDRAISING PLAN
YALE UNIVERSITY
$3,000,000ENDOWMENT
MASSACHUSETTS MUSEUM OF CONTEMPORARY ART FOUNDATION
$3,000,000RENOVATION
NEW ENGLAND HISTORIC GENEALOGICAL SOCIETY INC
$3,000,000PROPERTY CARE; BUILDINGS; RENOVATION
NORTH BENNET STREET SCHOOL
$2,500,000PROPERTY CARE; BUILDINGS; RENOVATION
STERLING AND FRANCINE CLARK ART INSTITUTE
$2,500,000ENDOWMENT
PER SCHOLAS INC
$2,500,000CRM
THEODORE ROOSEVELT PRESIDENTIAL LIBRARY FOUNDATION
$2,500,000NEW CONSTRUCTION
HENRY E HUNTINGTON LIBRARY & ART GALLERY
$2,500,000PROPERTY CARE; BUILDINGS; CONSTRUCTION
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
$2,000,000PROGRAM DEVELOPMENT/EVALUATION
YEAR UP UNITED
$2,000,000TECHNOLOGY & EQUIPMENT
INSTITUTE OF CONTEMPORARY ART
$2,000,000ENDOWMENT
THE POSSE FOUNDATION INC
$2,000,000ENDOWMENT
NEW ENGLAND CONSERVATORY OF MUSIC
$2,000,000PROPERTY CARE; BUILDINGS; CONSTRUCTION
BRAVEN INC
$1,600,000PROGRAM EXPANSION
BELLFORGE ARTS CENTER
$1,500,000PROPERTY CARE; BUILDINGS; RENOVATION
CONCORD MUSEUM
$1,500,000ENDOWMENT
MASSACHUSETTS HISTORICAL SOCIETY
$1,500,000ENDOWMENT
SOCIAL FINANCE INC
$1,500,000CAMPAIGN/FUNDRAISING PLAN
BOCH CENTER
$1,500,000TECHNOLOGY & EQUIPMENT
HUNTINGTON THEATRE COMPANY INC
$1,500,000ENDOWMENT
THE SHED
$1,500,000GENERAL OPERATING/ANNUAL SUPPORT
CHILDREN'S HOSPITAL BOSTON
$1,385,000DISCOVERY RESEARCH (SCIENCE)
GEORGIA STATE UNIVERSITY FOUNDATION INC
$1,375,000PROGRAM EXPANSION
UNIVERSITY OF MASSACHUSETTS FOUNDATION INC
$1,245,000PROGRAM EXPANSION
BRIGHTFOCUS FOUNDATION
$1,200,000DISCOVERY RESEARCH (SCIENCE)
DIGITAL HARBOR FOUNDATION INC
$1,000,000OTHER PROGRAM DEV PROJECT (PLEASE SPECIFY)
BRAVEN INC
$1,000,000PROGRAM EXPANSION
CAPE ANN MUSEUM INC
$1,000,000PROPERTY CARE; BUILDINGS; RENOVATION
JOBS FOR THE FUTURE INC
$1,000,000R&D/INNOVATION/PILOTS
BOSTON BALLET INC
$1,000,000ENDOWMENT
HARVARD MEDICAL SCHOOL
$1,000,000DISCOVERY RESEARCH (SCIENCE)
MERIT AMERICA
$1,000,000PROGRAM DEVELOPMENT/EVALUATION
RESILIENT CODERS INC
$1,000,000STRATEGIC PLAN
NAF
$930,000TECHNOLOGY & EQUIPMENT
BIG PICTURE COMPANY INC
$920,000TECHNOLOGY & EQUIPMENT
ONEGOAL
$900,000TECHNOLOGY PLAN
NPOWER INC
$900,000PROGRAM DEVELOPMENT/EVALUATION
TRUSTEES OF BOSTON UNIVERSITY
$880,000R&D/INNOVATION/PILOTS
MENTOR THE NATIONAL MENTORING PARTNERSHIP INC
$860,000TECHNOLOGY & EQUIPMENT
OPPORTUNITY AT WORK INC
$850,000TECHNOLOGY PLAN
UNIVERSITY OF MASSACHUSETTS FOUNDATION INC
$820,000EVALUATION
THE ASSOCIATION FOR FRONTOTEMPORAL DEGENERATION
$800,000DISCOVERY RESEARCH (SCIENCE)
INSTITUTE FOR NONPROFIT PRACTICE INC
$750,000PROGRAM DEVELOPMENT/EVALUATION
HARVARD UNIVERSITY
$750,000ENDOWMENT
ALZHEIMERS DISEASE DATA INITIATIVE INC
$750,000R&D/INNOVATION/PILOTS