Webster Bank Charitable Foundation
- Assets
- $1.0m
- Revenue
- $298.4k
- Investments
- $954.2k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 32-0103899
Organization Overview
Webster Bank Charitable Foundation is located in Wilmington, DE. The organization was established in 2004. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webster Bank Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Webster Bank Charitable Foundation generated $298.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Webster Bank Charitable Foundation has awarded 1,321 individual grants totaling $7,231,210. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucy Amicucci Vp, Dir | 1 | $0 | |
James Blose Executive Vp*, Chairman, Pres | 1 | $0 | |
June Ann Byrnes Assistant Vp, Sec | 1 | $0 | |
Javier Evans Dir, Executive VP | 1 | $0 | |
Michael Finn Dir, Executive VP | 1 | $0 | |
Susan Hentze Controller, Senior VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $668 |
| Dividends & Interest | $15,582 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $278,105 |
| Capital Gain Net Income | $905,607 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,000 |
| Total Revenue | $298,355 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,814 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,539 |
| Total operating and administrative expenses | $48,715 |
| Contributions, gifts, grants paid | $1,338,770 |
| Total expenses and disbursements | $1,387,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $87,606 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,041,836 |
| Accounts payable and accrued expenses | $33,416 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $100,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $133,416 |
Grants Awarded
Over the last fiscal year, Webster Bank Charitable Foundation has awarded $1,338,770 in support to 357 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: KIDS SAVINGS ACCOUNTS PROGRAM AND FINANCIAL LITERACY EDUCATION PROGRAM | $100,000 |
New York, NY PURPOSE: JUNIOR ACHIEVEMENT PROGRAMS FOR STUDENTS | $50,000 |
New York, NY PURPOSE: DEVELOPERS OF COLOR TRAINING PROGRAM | $50,000 |
Sparkill, NY PURPOSE: COLLEGE SCHOLARSHIP FUND AND UPDATED BLOOMBERG ROOM FUND | $50,000 |
DOE FUND INC PURPOSE: READY, WILLING & ABLE PROGRAM & DIGITAL LAB | $50,000 |
Centereach, NY PURPOSE: PATHWAYS TO ECONOMIC SUCCESS | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |
David R & Patricia D Atkinson Foundation Princeton, NJ | $114,019,131 | $20,460,455 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Workday Foundation Wilmington, DE | $43,827,189 | $3,435,808 |
Illumina Corporate Foundation Wilmington, DE | $8,163,072 | $7,329,761 |
William And Phyllis Mack Family Foundation Inc Fort Lee, NJ | $6,899,137 | $5,510,037 |
Star Foundation Bethlehem, PA | $0 | $17,247 |
Giant Eagle Foundation Pittsburgh, PA | $15,044,604 | $6,408,453 |