Lowell Five Charitable Foundation Inc
Lowell Five Charitable Foundation Inc is a private foundation based in Tewksbury, Massachusetts. It supports charitable, educational, scientific, and literary purposes, including organizations serving people who are poor, distressed, or underprivileged.
Lowell Five Charitable Foundation Inc at a glance
In short: Lowell Five Charitable Foundation Inc gave $224K across 46 grants in 2025 (avg $5K), mostly in Massachusetts. 47% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $223,556
- +27.5% vs 2024
- Grants made (2025)
- 46
- +0.0% vs 2024
- Average grant
- $4,860
- +27.5% vs 2024
- Median grant
- $1,750
- Total assets
- $4,003,440
- +19.1% vs 2024
- New grantees (estimate)
- 47% first-time grantees (18 of 38, 2025)
- Primary geography
- Massachusetts (83% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Lowell Five Charitable Foundation Inc
- How to Apply
-
The foundation does not restrict giving to preselected organizations. Contact Jason K Stephens. Application form and materials, deadlines, and award restrictions are listed as not yet determined.
- Contact
Application contact: Jason K Stephens
Mailing address: 30 International Place, Tewksbury, MA 01876
Phone: (978) 452-1300
Email: jstephens@lowellfive.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Lowell Five Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was City of Lowell ($55K). Together the top 10 received $156K.
Organizations only. It also paid 3 individual scholarships ($7,000), which are not listed by name.
Grant Size Distribution
167 grants across all recorded years
The most common grant size was under $50K: 166 grants of 167 (99%).
Geographic Focus
Where this funder awards grants
In 2025, 83% of grant dollars went to recipients in Massachusetts and 17% to recipients in New Hampshire.
Grant Distribution by State
Share of 2025 grant dollars across all 46 itemized grants.
States
Cities
Is Lowell Five Charitable Foundation Inc open to new grantees?
47%
first-time grantees, 2025
In 2025, 18 of 38 grantees (47%) were first-time recipients. First grants averaged $3K; repeat grants $7K. How we count
Medians: $1K first-time, $3K repeat.
- 50% of 2025 grantees were also funded in 2024. Method
- Giving grew 42% from 2022 to 2025. Method
- In 2025 it paid out 141% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $149K (2023) to $224K (2025). In 2025 it made 46 grants totaling $224K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Lowell Lowell, MA | Donation | $55,000 |
| Boys and Girls Club of Greater Nashua Nashua, NH | Donation | $22,000 |
| Greenpath Financial Wellness Concord, NH | Donation | $15,000 |
| North Andover Farmers Market North Andover, MA | Donation | $15,000 |
| Lowell Community Charter Public School Lowell, MA | Donation | $10,000 |
| Greater Merrimack Valley Convention & Visitors Bureau Lowell, MA | Donationdonation | $10,000 |
| Merrimack Valley Food Bank Lowell, MA | Donation | $10,000 |
| Newhouse Wildlife Rescue Chelmsford, MA | Donation/Scholarship | $6,373 |
| Kids in Disability Sports Lowell, MA | Donation | $6,339 |
| Lantern Light Foundation Marlborough, MA | Donation | $6,269 |
Ready to take the next step with Lowell Five Charitable Foundation Inc?
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 | $4,003,440 | $843,212 | $259,401 | $223,556 | 46 | $229,641 | $343,212 | $163,019 |
| 2024 | $3,360,666 | $231,922 | $210,364 | $175,370 | 46 | $181,165 | $231,922 | $161,513 |
| 2023 | $3,272,179 | $26,803 | $181,195 | $148,525 | 25 | $154,045 | $104,472 | $152,466 |
| 2022 | $3,059,589 | $-23,598 | $191,418 | $157,921 | 26 | $163,171 | $99,830 | $159,916 |
| 2021 | $3,755,843 | $490,910 | $201,311 | $167,249 | 24 | $172,199 | $290,910 | $169,650 |
| 2020 | $3,425,508 | $263,110 | $182,429 | $155,391 | 23 | — | $263,110 | $155,599 |
Under IRS private-foundation payout rules, Lowell Five Charitable Foundation Inc reported a distributable amount of $163K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation states that it engages exclusively in charitable, educational, scientific, and literary purposes under Section 501(c)(3), including donations to charities organized to relieve the poor and distressed or underprivileged.
Its grants show support for organizations with varied missions. For example, Boys and Girls Club of Greater Nashua received $22,000 in 2025; the organization describes its mission as supporting youth development programs. An individual recipient Food Bank, which received $10,000, says it works to address hunger and improve nutrition. Newhouse Wildlife Rescue, which received $6,373, describes its work as rehabilitating injured and orphaned wildlife and educating communities. Kids in Disability Sports, which received $6,339, says it provides sports, therapeutic, social, and recreational programs for people with disabilities. An individual recipient Community Foundation, which received $5,500, describes its mission as improving quality of life in the area.
Other 2025 grantees included Northern Essex Community College, which received $5,000 and says it supports student financial assistance and educational programs, and Dracut Scholarship Foundation, which received $1,000 and says it provides scholarships to Dracut High School graduates.
Grantmaking
In filing year 2025, the foundation made 46 grants totaling $223,556. Grant amounts ranged from $100 to $55,000, with a median of $1,750.
The largest grants included $55,000 to the City of Lowell; $22,000 to Boys and Girls Club of Greater Nashua; $15,000 each to Greenpath Financial Wellness and North Andover Farmers Market; and $10,000 each to Lowell Community Charter Public School, an individual recipient Convention & Visitors Bureau, and an individual recipient Food Bank.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Jason K Stephens as president, Edward J Campanella as treasurer, and Kathleen M DeChirico as clerk. Directors listed were Steven C Saro, Alison E Kalman, and Maura D Sweeney.
Lowell Five Charitable Foundation Inc is led by Jason K. Stephens, President since 2022 (on filings since 2020); none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jason K. Stephens
President
Treasurer → President, 2022
On filings since 2020
5 hrs/week
No compensation reported
Alison E. Kalman
Director
Clerk → Director, 2021
On filings since 2020
5 hrs/week
No compensation reported
Maura D. Sweeney
Director
On filings since 2020
5 hrs/week
No compensation reported
Steven C. Saro
Director
New on the 2025 filing
5 hrs/week
No compensation reported
Kathleen M. Dechirico
Clerk
On filings since 2021
5 hrs/week
No compensation reported
Edward J. Campanella
Treasurer
On filings since 2022
5 hrs/week
No compensation reported
Former officers (4)
- Former: Robert A. Caruso (2020–2024) — Director
- Former: Glenn B. Goldman (2021–2024) — Director
- Former: David E. Wallace (2020–2021) — President
- Former: Trevor J. Bloom (2020) — Director
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 Lowell Five Charitable Foundation Inc
How much does Lowell Five Charitable Foundation Inc give each year?
Lowell Five Charitable Foundation Inc gave $224K across 46 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $175K across 46 grants.
What is Lowell Five Charitable Foundation Inc's typical grant size?
Lowell Five Charitable Foundation Inc's median grant in 2025 was $1,750, and its average grant was $4,860, across 46 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Lowell Five Charitable Foundation Inc that year got $3K on average.
Where does Lowell Five Charitable Foundation Inc give grants?
Lowell Five Charitable Foundation Inc gives mostly in Massachusetts: 83% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Hampshire (17%). The most frequent recipient cities were Lowell, MA (14 grants), Chelmsford, MA (3 grants), Dracut, MA (3 grants) and Pepperell, MA (3 grants).
Does Lowell Five Charitable Foundation Inc give general operating support?
Not in 2025: none of the 46 grants with a stated purpose on Lowell Five Charitable Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation" (29 grants), "Donation/Scholarship" (10 grants) and "Scholarship" (3 grants).
Who are Lowell Five Charitable Foundation Inc's largest grantees?
Lowell Five Charitable Foundation Inc's largest 2025 grantees include City of Lowell ($55,000), Boys and Girls Club of Greater Nashua ($22,000) and Greenpath Financial Wellness ($15,000), according to its 2025 IRS Form 990-PF. It also paid 3 individual scholarships ($7,000), which are not listed by name. Together they received 41% of its itemized 2025 grant dollars.
How large is Lowell Five Charitable Foundation Inc?
Lowell Five Charitable Foundation Inc reported $4.0M in total assets on its 2025 IRS Form 990-PF. It paid out $230K in qualifying distributions that year, against a required minimum of $163K (roughly 5% of its investment assets).
What does Lowell Five Charitable Foundation Inc fund?
The foundation states that it engages exclusively in charitable, educational, scientific, and literary purposes under Section 501(c)(3), including donations to charities organized to relieve the poor and distressed or underprivileged. See mission & focus areas ↑
How do I apply for a grant from Lowell Five Charitable Foundation Inc?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
Explore Open Grants
Browse active grant opportunities in Lowell Five Charitable Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
We Share A Common Thread Foundation Inc
Lowell, MA
We Share A Common Thread Foundation supports community needs in food, shelter, clothing, health, and education, with reported giving of about $371,000 in 2023 and $374,000 in 2024. Its 2024 grants went to Massachusetts recipients; contact Alison Hughes to ask about applying, as the profile does not state whether unsolicited requests are accepted.
Assets
$481K
Grants
1
Total Given
$374K
Eastern Bank Foundation
Wakefield, MA
Eastern Bank Foundation supports economic inclusion and mobility, including small businesses, early childhood development, affordable housing, and workforce development. Its 2025 grants ranged from $50 to $2,002,500, with a median of $2,500, primarily in Massachusetts and also in New Hampshire and Rhode Island. It accepts online applications and does not limit giving to preselected organizations.
Assets
$266.7M
Grants
1,786
Total Given
$19.0M
Aubert J Fay Charitable Fund
Lowell, MA
The Aubert J Fay Charitable Fund supports charitable, religious, and educational purposes in Lowell, Massachusetts, including health care, senior services, education, youth programs, theatre, and assistance for people in need. Its 2024 grants ranged from $2,000 to $60,000, with a median of $7,000. Applicants may submit a letter describing their request; the fund states no deadline and does not limit giving to preselected organizations.
Assets
$3.4M
Grants
50
Total Given
$458K
The Battles Foundation Inc
Lowell, MA
The Battles Foundation supports Massachusetts nonprofits working in areas such as shelter, education, community services, youth development, and health-related family support. Its 2025 grants ranged from $1,000 to $10,000, with a median of $3,000. It accepts written requests, reviewed individually, with a September 1 deadline.
Assets
$2.8M
Grants
31
Total Given
$107K
Trustees of the Ayer Home
Lowell, MA
The Trustees of the Ayer Home funds Massachusetts nonprofits, including organizations focused on youth, early education, food assistance, health care, education, services for people with visual impairments, and the arts. Its 2024 grants ranged from $1,000 to $4,600, with a median of $3,200. It accepts requests by letter explaining the reasons for the request; no special form is required.
Assets
$1.5M
Grants
26
Total Given
$76K
Greater Lowell Community Foundation Inc
Lowell, MA
Greater Lowell Community Foundation funds nonprofits and community projects in areas such as food access, housing, education, youth services, arts and culture, and the environment, primarily in Greater Lowell and Merrimack Valley. Its 2025 grants ranged from $5,200 to $277,348, with a median of $17,796; some specific programs offered grants of up to $10,000 or $15,000. It accepted applications through named grant cycles, including its 2026 Discretionary Grants Cycle, but the profile does not state whether it accepts unsolicited requests outside those cycles.
Assets
$75.2M
Grants
110
Total Given
$3.9M
More similar funders
More Funders in Massachusetts
Cite this profile
Grantable. (2026). Lowell Five Charitable Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/lowell-five-charitable-foundation-inc-morg_e70f3f143449442abf397f52ee269bfe
BibTeX
@misc{grantable_815403578_2026,
author = {{Grantable}},
title = {{Lowell Five Charitable Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/lowell-five-charitable-foundation-inc-morg_e70f3f143449442abf397f52ee269bfe},
note = {Accessed 2026-10-15. 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 Lowell Five Charitable Foundation Inc'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.
Lowell Five Charitable Foundation Inc down — hundreds of funders to go?