Needham Bank Charitable
Needham Bank Charitable is a private foundation based in Needham, Massachusetts. Its giving supports nonprofit organizations in areas including affordable housing, arts and education, community and economic development, financial literacy, and health and human services.
Needham Bank Charitable at a glance
In short: Needham Bank Charitable gave $835K across 155 grants in 2024 (avg $5K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $834,860
- Grants made (2024)
- 155
- Average grant
- $5,386
- Median grant
- $4,700
- Total assets
- $31,552,636
- +26.3% vs 2023
- Primary geography
- Massachusetts (93% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Needham Bank Charitable
- How to Apply
-
Submit a request for support through the online application and provide the required documents. The foundation’s filing lists Joseph Campanelli as the contact for the application process.
- Review Cycle
- The filing says submissions must be completed at least 60 days before the funds are needed.
- Deadline
- The filing says submissions must be completed at least 60 days before the funds are needed.
- Contact
Application contact: Joseph Campanelli
Mailing address: 1063 Great Plain Avenue, Needham, MA 02492
Phone: (617) 247-6770
Email: charitablegiving@needhambank.com
Website: https://needhambank.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Needham Bank Charitable funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Oihm Inccreativity Festival Acct ($46K). Together the top 10 received $242K.
Grant Size Distribution
155 grants across all recorded years
The most common grant size was under $50K: 155 grants of 155 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 93% of grant dollars went to recipients in Massachusetts, 5% to Texas, and 1% to Wisconsin; the filing also lists Delaware and South Carolina at 0% each. The listed grants include recipients in Boston and other Massachusetts communities, as well as a Boy Scouts of America recipient in Texas.
Grant Distribution by State
Share of 2024 grant dollars across all 155 itemized grants.
Cities
How Needham Bank Charitable gives
- In 2024 it paid out 58% 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
In 2024 it made 155 grants totaling $835K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Oihm Inccreativity Festival Acct Boston, MA | Exempt Purpose | $45,800 |
| Boy Scouts of America Irving, TX | Exempt Purpose | $40,000 |
| Archdiocese of Boston Clergy Benefit Funding Trust Braintree, MA | Exempt Purpose | $30,000 |
| Camp Harbor View Boston, MA | Exempt Purpose | $27,000 |
| Bellforge Arts Center Medford, MA | Exempt Purpose | $20,000 |
| Junior Achievement Boston, MA | Exempt Purpose | $15,000 |
| Ron Burton Training Village Inc Boston, MA | Exempt Purpose | $12,500 |
| Crossroads Boston, MA | Exempt Purpose | $12,000 |
| GHPF Inc Boston, MA | Exempt Purpose | $12,000 |
| Massachusetts Affordable Dorchester Center, MA | Exempt Purpose | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $31,552,636 | $822 | $1,877,301 | $834,860 | 155 | $841,261 | $822 | $1,460,354 |
| 2023 | $24,975,680 | $19,082,290 | — | — | — | — | — | $19,183 |
Under IRS private-foundation payout rules, Needham Bank Charitable reported a distributable amount of $1.5M for 2024 — 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’s stated funding areas are affordable housing; arts and education; community and economic development; financial literacy; and health and human services. Examples include housing access for low- and moderate-income families, arts activities and youth programs, small-business and workforce development, personal-finance education, and services related to food, legal support, and physical or mental health.
Its 2024 grants illustrate support for a range of organizations. Ron Burton Training Village describes its work as helping youth pursue their purpose through education, leadership, physical wellness, social advancement, and spiritual growth. Riverside Community Care says it provides behavioral healthcare and human services. LGBTQ Senior Housing describes work to develop housing and services for LGBTQ seniors. Boys & Girls Clubs of Boston says it focuses on academics, workforce development, and health and wellness, while Out MetroWest describes its mission as building communities where LGBTQ+ youth thrive.
Grantmaking
In 2024, the foundation awarded 155 grants totaling $834,860. Grants ranged from $500 to $45,800, with a median of $4,700. Among the largest awards were $45,800 to OIHM Inc Creativity Festival Acct, $40,000 to Boy Scouts of America, $30,000 to Archdiocese of Boston Clergy Benefit Funding Trust, $27,000 to Camp Harbor View, and $20,000 to Bellforge Arts Center. Other listed awards included $15,000 to Junior Achievement and $12,500 to Ron Burton Training Village.
The 2024 filing says the foundation does not restrict giving to preselected organizations. Requests for support are submitted online and require the materials listed in the application’s required-documents section. Applicants must be 501(c)(3) organizations operating within communities served by Needham Bank.
The funder’s website says the Provident Community Charitable Organization will operate independently in 2026 and become part of the Needham Bank Charitable Foundation in 2027. Organizations that previously applied to BankProv or the Provident Community Charitable Organization can use the new single application process.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Joseph P. Campanelli as president and director, Salvatore Rinaldi as treasurer and director, and Katherine Craven as secretary and director.
Needham Bank Charitable is led by Joseph P. Campanelli, President & Director on every filing since 2023; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Joseph P. Campanelli
President & Director
On filings since 2023
1 hr/week
No compensation reported
Katherine Craven
Secretary & Director
On filings since 2023
1 hr/week
No compensation reported
Salvatore Rinaldi
Treasurer & Director
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "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 Needham Bank Charitable
How much does Needham Bank Charitable give each year?
Needham Bank Charitable gave $835K across 155 grants in 2024, according to its 2024 IRS Form 990-PF.
What is Needham Bank Charitable's typical grant size?
Needham Bank Charitable's median grant in 2024 was $4,700, and its average grant was $5,386, across 155 grants on its 2024 IRS Form 990-PF.
Where does Needham Bank Charitable give grants?
Needham Bank Charitable gives mostly in Massachusetts: 93% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (84 grants), Needham, MA (10 grants), Natick, MA (6 grants) and Medford, MA (5 grants).
Who are Needham Bank Charitable's largest grantees?
Needham Bank Charitable's largest 2024 grantees include Oihm Inccreativity Festival Acct ($45,800), Boy Scouts of America ($40,000) and Archdiocese of Boston Clergy Benefit Funding Trust ($30,000), according to its 2024 IRS Form 990-PF. Together they received 14% of its itemized 2024 grant dollars.
How large is Needham Bank Charitable?
Needham Bank Charitable reported $31.6M in total assets on its 2024 IRS Form 990-PF. It paid out $841K in qualifying distributions that year, against a required minimum of $1.5M (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 does Needham Bank Charitable fund?
The foundation’s stated funding areas are affordable housing; arts and education; community and economic development; financial literacy; and health and human services. See mission & focus areas ↑
How do I apply for a grant from Needham Bank Charitable?
Submit a request for support through the online application and provide the required documents. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Needham Bank Charitable's EIN?
Needham Bank Charitable's EIN (Employer Identification Number) is 99-0455727. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
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Browse active grant opportunities in Needham Bank Charitable's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Needham Bank Charitable funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/needham-bank-charitable-morg_4ef92a1920624cc1aaf952b687b90043
BibTeX
@misc{grantable_990455727_2026,
author = {{Grantable}},
title = {{Needham Bank Charitable funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/needham-bank-charitable-morg_4ef92a1920624cc1aaf952b687b90043},
note = {Accessed 2026-10-13. 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 Needham Bank Charitable'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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