Lowell Five Charitable Foundation Inc
Lowell Five Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TEWKSBURY, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 46 grants totaling $175K. Net investment income was $232K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.4M
+2.7% YoY
Annual Giving
$175K
+18.1% YoY
Grant Count
46
+84.0% YoY
Avg Grant Size
$4K
-35.8% YoY
Under IRS private-foundation payout rules, Lowell Five Charitable Foundation Inc reported a distributable amount of $162K for 2024 — the minimum it must pay out in qualifying distributions.
About Lowell Five Charitable Foundation Inc
Based on IRS filings
Lowell Five Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TEWKSBURY, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 46 grants totaling $175K. Net investment income was $232K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,360,666 | $3,272,179 | $3,059,589 |
| Revenue | $231,922 | $26,803 | $-23,598 |
| Expenses | $210,364 | $181,195 | $191,418 |
| Qualifying Distributions | $181,165 | $154,045 | $163,171 |
| Net Investment Income | $231,922 | $104,472 | $99,830 |
| Distributable Amount | $161,513 | $152,466 | $159,916 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
144 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boys and Girls Club of Greater Nashua ($22,000), North Andover Farmers Market ($15,000), Greater Merrimack Valley Convention & Visitors Bureau ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOY SCOUT TROOP 250 WALTHAM, MA | DONATION | $250 |
| BOYS AND GIRLS CLUB OF GREATER HAVERHILL HAVERHILL, MA | DONATION | $5,000 |
| CHELMSFORD PARADE COMMITTEE CHELMSFORD, MA | DONATION | $3,000 |
| CITY OF NASHUA NASHUA, NH | DONATION | $1,000 |
| COLLEGIATE CHARTER SCHOOL OF LOWELL LOWELL, MA | DONATION | $2,000 |
| CITY OF LOWELL LOWELL, MA | DONATION | $2,000 |
| DRACUT SCHOLARSHIP FOUNDATION DRACUT, MA | DONATION | $1,000 |
| GREATER LOWELL COMMUNITY FOUNDATION LOWELL, MA | DONATION | $8,875 |
| GREATER MERRIMACK VALLEY CONVENTION & VISITORS BUREAU LOWELL, MA | DONATIONDONATION | $10,000 |
| GREATER NASHUA HABITAT FOR HUMANITY HOLLIS, NH | DONATION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JASON K STEPHENS | PRESIDENT | 5 | — |
| EDWARD J CAMPANELLA | TREASURER | 5 | — |
| KATHLEEN M DECHIRICO | CLERK | 5 | — |
| ROBERT A CARUSO | DIRECTOR | 5 | — |
| GLENN B GOLDMAN | DIRECTOR | 5 | — |
| ALISON E KALMAN | DIRECTOR | 5 | — |
| MAURA D SWEENEY | DIRECTOR | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lowell Five Charitable Foundation Inc?
Lowell Five Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TEWKSBURY, MA. It holds $3.4M in total assets as of 2024.
How large is Lowell Five Charitable Foundation Inc?
As of 2024, Lowell Five Charitable Foundation Inc holds $3.4M in total assets with $232K in annual revenue. It awarded 46 grants totaling $175K in 2024.
Where does Lowell Five Charitable Foundation Inc operate?
Lowell Five Charitable Foundation Inc has awarded grants in Massachusetts, New Hampshire.
What size grants does Lowell Five Charitable Foundation Inc award?
In 2024, Lowell Five Charitable Foundation Inc awarded 46 grants totaling $175K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Lowell Five Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lowell Five Charitable Foundation Inc reported a distributable amount of $162K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lowell Five Charitable Foundation Inc's EIN?
Lowell Five Charitable Foundation Inc's EIN (Employer Identification Number) is 81-5403578. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Lowell Five Charitable Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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