Cambridge Trust Charitable Found Fka Wellesley Bank Charitable Fdn

Organization Overview

Cambridge Trust Charitable Found Fka Wellesley Bank Charitable Fdn is located in Burlington, MA. The organization was established in 2013. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Cambridge Trust Charitable Found Fka Wellesley Bank Charitable Fdn 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, Cambridge Trust Charitable Found Fka Wellesley Bank Charitable Fdn generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 62.9% each year . All expenses for the organization totaled $455.7k during the year ending 12/2021. While expenses have increased by 21.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Cambridge Trust Charitable Found Fka Wellesley Bank Charitable Fdn has awarded 322 individual grants totaling $989,879. 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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $160,767
Net Rental Income$0
Net Gain on Sale of Assets $1,149,828
Capital Gain Net Income $1,285,201
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,310,595

Grants Awarded

Over the last fiscal year, Cambridge Trust Charitable Found Fka Wellesley Bank Charitable Fdn has awarded $395,300 in support to 88 organizations.

Grant RecipientAmount

NEIGHBORWORKS SOUTHERN NEW HAMPSHIRE

PURPOSE: EXEMPT PURPOSE

$30,000

HANDEL & HAYDEN SOCIETY

PURPOSE: EXEMPT PURPOSE

$30,000

NEW ERA FUND

PURPOSE: EXEMPT PURPOSE

$30,000

CAMBRIDGE PUBLIC LIBRARY FOUNDATION

Org PageRecipient Profile

Cambridge, MA

PURPOSE: EXEMPT PURPOSE

$15,000

CASA MYRNA

PURPOSE: EXEMPT PURPOSE

$10,000

BIG SISTER ASSOCIATION OF GREATER BOSTON INC

PURPOSE: EXEMPT PURPOSE

$10,000
View Grant Profile

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