# Masonic Charity Foundation of Connecticut

Masonic Charity Foundation of Connecticut is an Endowment / Foundation based in Wallingford, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Wallingford, United States
- **Region:** North America
- **Address:** Wallingford, CT, United States
- **Assets under management:** Undisclosed
- **Website:** masonicare.org
- **LinkedIn:** https://www.linkedin.com/company/masonicare

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Healthcare Services
- Real Estate

## People

- Carrie Fuller-McMahon — Executive Director
- Jon-Paul Venoit — President and CEO, Masonicare
- Christopher J. Earle — Chairman of the Board of Trustees

## 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.

### 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.

### 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.

## Related profiles

- [Masonic Charitable Foundation](https://altss.com/profile/masonic-charitable-foundation)
- [Mason Stevens](https://altss.com/profile/mason-stevens)

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Last updated: 2026-06-03T20:00:00.000Z

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