Sarah G. McCarthy Memorial Foundation

The Sarah G. McCarthy Memorial Foundation, established in 1948 in honor of the donor’s mother, supports charitable organizations that serve or are located in Peabody, Massachusetts. Managed by Bank of America’s Massachusetts office through its Philanthropic Solutions division, the foundation focuses on supporting nonprofit initiatives that reflect the trustees’ commitment to improving quality of life within the Peabody community. This includes areas such as education, health, housing and shelter, youth development, food and agriculture, and historical research. The foundation is guided by a philanthropic mission that aligns closely with supporting underserved communities in essential sectors. Grants from the Sarah G. McCarthy Memorial Foundation may support general operating expenses, specific programs, or small capital projects that enable program delivery. Grants are typically awarded on a year-to-year basis, with a maximum commitment of five years. While multi-year funding is possible, continuation beyond the first year requires demonstrated need. Trustees may also consider emergency funding under exceptional circumstances. Grant awards generally range between $2,000 and $15,000, with the final amount depending on the alignment of the project with foundation priorities, the collaborative nature of the proposal, and the number of individuals served. The foundation conducts two grant cycles annually, with deadlines on March 31 and September 30. Funding decisions are made at trustee meetings held in June and December, respectively. Site visits may be conducted prior to these decision points. All prior grantees must submit a one-page expenditure report before applying for future grants. Applications must be submitted online through Bank of America’s GivingHub platform. Email, postal, and hand-delivered submissions are not accepted, and technical support is only available during weekday business hours. Organizations interested in applying should verify their eligibility, particularly with respect to geographic and program focus. Only entities located in or significantly benefiting the City of Peabody are considered. While the foundation prioritizes nonprofits, it is administered within a broader structure that includes various private foundations under Bank of America’s purview, each with its own restrictions. Applications must be submitted by 11:59 p.m. ET on the deadline day. If the deadline falls on a weekend or federal holiday, the due date shifts to the next business day. For assistance with the application process, applicants can contact the foundation through the centralized grantmaking email address: ma.grantmaking@bofa.com. Applicants are encouraged to mention the foundation name in the subject line. Detailed contact information and procedures are accessible via linked documentation on the foundation’s page. Recipients must submit post-grant reports within a year of receiving the funds to remain eligible for future support. The application process is competitive, and organizations are encouraged to clearly articulate their objectives, expected outcomes, and the population served to strengthen their proposals.

Emphasize collaborative efforts and measurable impact; submit all materials online by deadline.