Institution for Savings in Newburyport &
The Institution for Savings Charitable Foundation is a private foundation based in Newburyport, Massachusetts. Established in 1997, it provides a way for the Institution for Savings to share its success with communities it serves by awarding grants to charitable organizations.
Institution for Savings in Newburyport & at a glance
In short: Institution for Savings in Newburyport & gave $2.4M across 339 grants in 2025 (avg $7K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,358,716
- +2.1% vs 2024
- Grants made (2025)
- 339
- +33800.0% vs 2024
- Average grant
- $6,958
- -99.7% vs 2024
- Median grant
- $2,500
- Total assets
- $15,085,632
- +1.7% vs 2024
- Primary geography
- Massachusetts (96% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Institution for Savings in Newburyport &
- How to Apply
-
The Foundation directs applicants to use its online GrantsConnect application for all funding requests, including event sponsorships, capital campaigns, programs, and operational support. Paper applications and email requests for funding greater than $500 are not accepted. The Foundation’s 2024 filing says it does not restrict giving to preselected organizations. Awards are to benefit charitable, educational, and other benevolent purposes within Newburyport and its vicinity, unless the board makes an exception.
- Review Cycle
- Application deadlines are the first Friday of March, June, September, and December. The Grants Committee meets on the third Monday of those months.
- Deadline
- Application deadlines are the first Friday of March, June, September, and December.
- Contact
Application contact: Michael J Jones
Mailing address: 2 Deposit Square, Ipswich, MA 01938
Phone: (978) 462-3106
Website: https://institutionforsavings.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Institution for Savings in Newburyport &
Who Institution for Savings in Newburyport & funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Sawyer Free Library ($250K). Together the top 10 received $1.0M.
Organizations only. It also paid 16 grants to individuals ($110,005), which are not listed by name.
Grant Size Distribution
1,131 grants across all recorded years
The most common grant size was under $50K: 1,098 grants of 1,131 (97%).
Geographic Focus
Where this funder awards grants
The Foundation’s website names Amesbury, Beverly, Boxford, Byfield, Gloucester, Groveland, Hamilton, Ipswich, Middleton, Newburyport, Newbury, Rockport, Rowley, Salem, Salisbury, Topsfield, Wenham, West Newbury, and surrounding communities. Its 2025 filing shows that 96% of grant dollars went to Massachusetts recipients.
Grant Distribution by State
Share of 2025 grant dollars across all 339 itemized grants.
States
Cities
How Institution for Savings in Newburyport & gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 338% of its IRS minimum distribution (the 5% rule). 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 $1.8M (2020) to $2.4M (2025). In 2025 it made 339 grants totaling $2.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sawyer Free Library Gloucester, MA | Exempt Purpose | $250,000 |
| YMCA of the North Shore Beverly, MA | Exempt Purpose | $165,000 |
| Our Neighbors' Table Amesbury, MA | Exempt Purpose | $125,000 |
| Citizens Inn Inc Peabody, MA | Exempt Purpose | $100,000 |
| Cape Ann YMCA Gloucester, MA | Exempt Purpose | $100,000 |
| Salem Pantry Inc Salem, MA | Exempt Purpose | $82,500 |
| Anna Jaques Hospital Newburyport, MA | Exempt Purpose | $63,600 |
| Change Is Simple Inc Beverly, MA | Exempt Purpose | $50,000 |
| Harborlight Community Partners Beverly, MA | Exempt Purpose | $44,250 |
| The Open Door Gloucester, MA | Exempt Purpose | $40,000 |
Ready to take the next step with Institution for Savings in Newburyport &?
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 | $15,085,632 | $2,516,993 | $2,392,322 | $2,358,716 | 339 | $2,348,263 | $758,573 | $695,074 |
| 2024 | $14,836,602 | $2,851,431 | $2,332,348 | $2,309,987 | 1 | $2,313,481 | $2,166,184 | $1,312,490 |
| 2023 | $14,202,698 | $998,506 | $2,043,490 | $1,987,180 | 273 | $1,989,915 | $1,231,979 | $698,166 |
| 2022 | $16,132,654 | $1,229,352 | $2,369,463 | $2,348,297 | 264 | $2,351,577 | $1,882,621 | $822,302 |
| 2021 | $19,822,439 | $2,280,434 | $2,077,479 | $2,068,301 | 254 | $2,071,343 | $1,263,508 | $852,430 |
| 2020 | $16,712,116 | $1,535,672 | $1,784,965 | $1,761,121 | 203 | — | $980,995 | $718,108 |
Under IRS private-foundation payout rules, Institution for Savings in Newburyport & reported a distributable amount of $695K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The Foundation states that it was established to share the Institution for Savings’ success with the communities responsible for that success. It funds requests for events, capital campaigns, programs, and operational support.
Its grantees work in areas including food access, housing, health, family support, and education. For example, Our Neighbors’ Table describes its work as providing nourishing food with kindness and dignity and coordinating regional food-system efforts. Citizens Inn describes its mission as preventing and ending hunger and homelessness through services intended to support stability, health, and independence. Harborlight Community Partners says it provides affordable housing with services primarily for low- and moderate-income people in southern Essex County.
Grantmaking
In filing year 2025, the Foundation reported 339 grants totaling $2,358,716. Grant amounts ranged from $500 to $250,000, with a median of $2,500.
Among its larger 2025 grants were $250,000 to Sawyer Free Library, $165,000 to YMCA of the North Shore, $125,000 to Our Neighbors’ Table, $100,000 to Citizens Inn, and $100,000 to Cape Ann YMCA. Other grants included $82,500 to Salem Pantry, $63,600 to Anna Jaques Hospital, and $50,000 to Change Is Simple.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Michael J. Jones as president and trustee, John F. Leary III, Jeremiah T. Lewis, Ellen G. Nich, Ellen Mackey Rose, and James V. Ellard as trustees, and Kimberly A. Rock as clerk and trustee. It also lists Cindy M. Johnson as a trustee through January 25, 2025; Richard J. Silverman as a trustee through September 25, 2025; and Stephen P. Cote as treasurer through November 25, 2025.
Institution for Savings in Newburyport & is led by Michael J. Jones, President & Trustee on every filing since 2020; none of the 15 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael J. Jones
President & Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Cindy M. Johnson
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Ellen G. Nich
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Ellen Mackey Rose
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
James V. Ellard
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Jeremiah T. Lewis
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
John F. Leary III
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Kevin M. Gasiorowski
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Kimberly A. Rock
Clerk & Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
R. Drew Marc-Aurele
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Richard J. Silverman
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Saira Naseer-Ghiasuddin
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Kerri S. Perry
Trustee
On filings since 2023
0.3 hrs/week
No compensation reported
Amy L. Smith
Assistant Treasurer
On filings since 2020
0.3 hrs/week
No compensation reported
Stephen P. Cote
Treasurer
On filings since 2020
0.3 hrs/week
No compensation reported
Former officers (3)
- Former: Freeman J. Condon (2020–2023) — Trustee
- Former: Stuart E. Winfrey (2020–2022) — Trustee
- Former: David A. Tibbetts (2020–2021) — 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.
Frequently asked questions about Institution for Savings in Newburyport &
How much does Institution for Savings in Newburyport & give each year?
Institution for Savings in Newburyport & gave $2.4M across 339 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.3M across 1 grant.
What is Institution for Savings in Newburyport &'s typical grant size?
Institution for Savings in Newburyport &'s median grant in 2025 was $2,500, and its average grant was $6,958, across 339 grants on its 2025 IRS Form 990-PF.
Where does Institution for Savings in Newburyport & give grants?
Institution for Savings in Newburyport & gives mostly in Massachusetts: 96% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Newburyport, MA (57 grants), Gloucester, MA (27 grants), Beverly, MA (25 grants) and Ipswich, MA (24 grants).
Who are Institution for Savings in Newburyport &'s largest grantees?
Institution for Savings in Newburyport &'s largest 2025 grantees include Sawyer Free Library ($250,000), YMCA of the North Shore ($165,000) and Our Neighbors' Table ($125,000), according to its 2025 IRS Form 990-PF. It also paid 16 grants to individuals ($110,005), which are not listed by name. Together they received 23% of its itemized 2025 grant dollars.
How large is Institution for Savings in Newburyport &?
Institution for Savings in Newburyport & reported $15.1M in total assets on its 2025 IRS Form 990-PF. It paid out $2.3M in qualifying distributions that year, against a required minimum of $695K (roughly 5% of its investment assets).
What does Institution for Savings in Newburyport & fund?
The Foundation states that it was established to share the Institution for Savings’ success with the communities responsible for that success. It funds requests for events, capital campaigns, programs, and operational support. See mission & focus areas ↑
How do I apply for a grant from Institution for Savings in Newburyport &?
The Foundation directs applicants to use its online GrantsConnect application for all funding requests, including event sponsorships, capital campaigns, programs, and operational support. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Institution for Savings in Newburyport &'s EIN?
Institution for Savings in Newburyport &'s EIN (Employer Identification Number) is 04-3353621. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
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 March 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 1, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 20, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 12, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Institution for Savings in Newburyport & funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Institution for Savings in Newburyport &'s focus areas in our free grants database
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Cite this profile
Grantable. (2026). Institution for Savings in Newburyport & funder profile. GrantGraph. Retrieved October 23, 2026, from https://grantable.co/funders/institution-for-savings-in-newburyport-and-morg_75bcca92e06c467b95c30321aad9fa32
BibTeX
@misc{grantable_043353621_2026,
author = {{Grantable}},
title = {{Institution for Savings in Newburyport \& funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/institution-for-savings-in-newburyport-and-morg_75bcca92e06c467b95c30321aad9fa32},
note = {Accessed 2026-10-23. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Institution for Savings in Newburyport &'s IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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