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Massachusetts Biomedical Initiatives

Grantmaking foundation in Worcester, Massachusetts · EIN 22-2636406

Total giving
$120KTax year 2025
Total assets
$33MLatest reported
Latest IRS filing
2025Form 990 / 990-PF

Mission

MASSACHUSETTS BIOMEDICAL INITIATIVES, INC. ("MBI OR THE ORGANIZATION") IS A PRIVATE NON-PROFIT CORPORATION FOCUSING ON BUILDING UP CENTRAL MASSACHUSETTS AS A GLOBAL BIOMANUFACTURING HUB. OUR MISSION OF BEING A PARTNER FOR FOSTERING INNOVATION IN THE LIFE SCIENCES IS FULFILLED THROUGH OUR EFFORTS IN STARTUP INCUBATION, WORKFORCE DEVELOPMENT, ECONOMIC DEVELOPMENT, AND REGIONAL ADVOCACY.

Quoted from the foundation's IRS filing.

Giving by year

$190K2020
$280K2021
$220K2022
$290K2023
$240K2024
$120K2025

Totals by tax year, rounded to two significant figures. Years without a reported total show the sum of grants itemized on the filing.

Top recipients

RecipientAmountTax year
Biobuilder Educational Foundation Inc$50K2024
Quinsigamond Community College$50K2024
Worcester State University$40K2024
Massachusetts Biotechnology Education Foundation$25K2024
Massachusetts Life Sciences Center$25K2024

Amounts are rounded. The full grantee list is available with a free account.

Website: www.massbiomed.org

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Similar foundations in Massachusetts

Source: IRS Form 990 and 990-PF filings, tax year 2025. Also see this organization on ProPublica Nonprofit Explorer.