Babson - Webber - Mustard Fund
Babson - Webber - Mustard Fund is a private foundation focused on Economically disadvantaged people, based in Brewster, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.7M in total assets. In 2025, it awarded 2 grants totaling $213K. Net investment income was $408K.
Babson - Webber - Mustard Fund at a glance
In short: Babson - Webber - Mustard Fund gave $213K across 2 grants in 2025 (avg $106K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $212,500
- -0.9% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $106,250
- -0.9% vs 2024
- Median grant
- $106,250
- Total assets
- $4,714,662
- +0.8% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Babson - Webber - Mustard Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Grants to Assist 142 Needy Mass Ind ($130K). Together the top 2 received $213K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $100–250K range: 6 grants of 10 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
How Babson - Webber - Mustard Fund gives
- Giving held roughly steady from 2022 to 2025 (−15%). Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $137K (2023) to $280K (2021). In 2025 it made 2 grants totaling $213K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Grants to Assist 142 Needy Mass Ind Various, MA | Direct Assist to Needy Mass Resident | $130,000 |
| Grants to Assist 29 Mass Charities Various, MA | Assist Mass Charitable Organizations | $82,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,714,662 | $407,530 | $367,363 | $212,500 | 2 | $212,500 | $407,530 | $225,625 |
| 2024 | $4,677,837 | $173,596 | $382,619 | $214,500 | 2 | $214,500 | $165,883 | $229,317 |
| 2023 | $4,728,181 | $19,754 | $338,275 | $136,500 | 2 | $136,500 | $133,794 | $228,348 |
| 2022 | $4,566,438 | $93,499 | $411,957 | $251,000 | 2 | $322,028 | $15,018 | $244,280 |
| 2021 | $5,512,903 | $652,166 | $446,596 | $280,300 | 2 | $356,852 | $562,422 | $270,466 |
| 2020 | $5,422,857 | $105,823 | $405,015 | $265,700 | 2 | — | $61,184 | $255,143 |
Under IRS private-foundation payout rules, Babson - Webber - Mustard Fund reported a distributable amount of $226K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Babson - Webber - Mustard Fund's 2025 filing lists 4 officers; all 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
Jesse T. Putney
Trustee & Interim Director
Trustee → Trustee & Interim Director, 2025
On filings since 2020
12 hrs/week
$15K (2020) → $32K (2025)
Judith Rhome
Trustee
On filings since 2020
5 hrs/week
$15K (2020) → $18K (2025)
Greg Hoffman
Trustee
New on the 2025 filing
5 hrs/week
$18K (2025)
Rebecca Keller
Fund Administrator
New on the 2025 filing
12 hrs/week
$11K (2025)
Former officers (2)
- Former: Robert S. Hoffman III (2020–2024) — Trustee
- Former: Jennifer Mputney (2021) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $32K, to Jesse T Putney (Interim Dire). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Babson - Webber - Mustard Fund
How much does Babson - Webber - Mustard Fund give each year?
Babson - Webber - Mustard Fund gave $213K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $215K across 2 grants.
How large is Babson - Webber - Mustard Fund?
Babson - Webber - Mustard Fund reported $4.7M in total assets on its 2025 IRS Form 990-PF. It paid out $213K in qualifying distributions that year, against a required minimum of $226K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Babson - Webber - Mustard Fund?
Babson - Webber - Mustard Fund is a private foundation focused on Economically disadvantaged people, based in Brewster, MA. It holds $4.7M in total assets as of 2025.
Where does Babson - Webber - Mustard Fund operate?
Babson - Webber - Mustard Fund has awarded grants in Massachusetts.
What is Babson - Webber - Mustard Fund's EIN?
Babson - Webber - Mustard Fund's EIN (Employer Identification Number) is 04-2307820. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 15, 2024)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 27, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 16, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 20, 2026)
- IRS filings on file for fiscal years 2020–2025
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