Updated:
Masonic Charity Foundation of Connecticut
The Masonic Charity Foundation of Connecticut operates as the philanthropic and investment engine for the Masonicare system, a mission-driven organization...
Masonic Charity Foundation of Connecticut
The Masonic Charity Foundation of Connecticut operates as the philanthropic and investment engine for the Masonicare system, a mission-driven organization providing residential living, health and wellness, and home health and hospice services exclusively within Connecticut. Executive Director Carrie Fuller-McMahon leads the foundation, which sits under the Masonicare Corporation umbrella led by President and CEO Jon-Paul Venoit. The entity originates from the charitable giving traditions of Connecticut's Masonic family and the Grand Lodge of Connecticut, AF & AM. The foundation's capital supports a vertically integrated healthcare delivery system rather than a diversified grantmaking mandate. Its assets back a portfolio of operating facilities including Masonicare Health Center, a skilled nursing facility in Wallingford, and continuing care retirement communities such as Masonicare at Ashlar Village and Masonicare at Mystic. The endowment also holds direct real estate like the Kenneth B. Hawkins, Sr. Apartment Building and The Apartments on Masonic Avenue, both in Wallingford. Investment posture is governed by the need to generate reliable returns to offset operational costs across Masonicare's senior care network. The foundation operates within a network of related charitable entities including the Connecticut Freemasons Foundation and the Eastern Star Charity Foundation of Connecticut. It maintains an industry affiliation with LeadingAge Connecticut, the professional association for non-profit aging services providers. The organization's scale is measured not by assets under management but by its operational footprint — multiple residential communities and a home health agency it describes as serving more Connecticut communities daily than any other in the state. The structural distinction is an investment function embedded entirely inside an operating healthcare system. There is no external client base, no co-investor club, and no fund structure — the foundation exists to convert endowment returns into subsidized care delivery. Succession and governance flow through the Masonicare Board of Trustees, chaired by Christopher J. Earle, with the foundation itself acting as a supporting organization to the parent corporation.
General information
Firm type
Endowment / Foundation
Location
Region
North America
Country
United States
City
Wallingford
Corporate office
Wallingford, CT, United States
Principals
Carrie Fuller-McMahon
Executive Director
Jon-Paul Venoit
President and CEO, Masonicare
Christopher J. Earle
Chairman of the Board of Trustees
Sector focus
Frequently asked questions
How does the foundation's investment strategy differ from a typical charitable endowment?
The Masonic Charity Foundation of Connecticut is not a typical grantmaking endowment. It functions as an internal financing vehicle for Masonicare, the state's only fully integrated non-profit senior care continuum. Portfolio returns directly subsidize operating costs for skilled nursing facilities, assisted living communities, and home health services rather than funding third-party charities. The investment mandate is shaped by the liability profile of a healthcare delivery system serving over 5,000 patients and residents.
Does the foundation make direct investments in operating companies outside of its healthcare mission?
The foundation's known holdings are concentrated in facilities and real estate that directly support Masonicare's continuum of care — including retirement communities, an acute-care health center, and residential apartment buildings in Wallingford. There is no public evidence of venture capital, private equity fund commitments, or direct investments in unrelated operating companies. The foundation's investment posture appears entirely dedicated to sustaining its parent organization's healthcare mission.
How is the foundation governed relative to Masonicare Corporation?
The foundation operates as a supporting organization within the Masonicare system, ultimately governed by the Masonicare Board of Trustees chaired by Christopher J. Earle. Jon-Paul Venoit serves as President and CEO of the parent corporation. The foundation's Executive Director Carrie Fuller-McMahon manages its day-to-day investment and development activities, but strategic direction aligns with Masonicare's overall mission rather than an independent investment committee.
What is the relationship between the Masonic Charity Foundation of Connecticut and the Grand Lodge of Connecticut?
The foundation originates from the charitable traditions of Connecticut's Masonic community and the Grand Lodge of Connecticut, AF & AM. It serves as the primary philanthropic vehicle through which Masonic family gifts are solicited, stewarded, and deployed to benefit Masonicare residents and patients. Related but separate entities include the Connecticut Freemasons Foundation and the Eastern Star Charity Foundation of Connecticut, indicating a federated charitable structure tied to Masonic bodies.
Does the foundation accept external capital or co-investment from outside allocators?
The foundation does not operate as a multi-family office, pooled investment vehicle, or co-investment platform. Its capital derives from charitable gifts from the Masonic family and the broader community, alongside returns on its existing endowment. There is no indication of external limited partners, club deals, or third-party managed accounts — the structure is a closed, mission-specific capital pool.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on endowments & foundations?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: