Newburyport Bank Charitable Foundation Inc
Newburyport Bank Charitable Foundation Inc is a corporate foundation established in 2003 and supported solely by Newburyport Bank. Based in Newburyport, Massachusetts, the foundation is dedicated to improving the quality of life in the communities served by the bank. Since its inception, the bank has contributed over $4 million to the foundation, which has made awards exceeding $3 million.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.6M
+5.6% YoY
Annual Giving
$565K
-16.9% YoY
Grant Count
1
-98.2% YoY
Avg Grant Size
$565K
+4639.4% YoY
Mission & Focus Areas
The foundation's mission centers on strengthening communities by addressing critical needs for low-to-moderate income individuals, families, and vulnerable populations within the bank's service area. Primary funding priorities include:
- Affordable Housing
- Financial Literacy
- Food Insecurity
- Health and Wellness
- Veteran Support
- Arts and Culture
- Youth Development
- Education
- Community and Economic Development
- Human Services
Grantmaking
The foundation made 44 grants in the most recent year, with total giving of approximately $565,000 to $681,000 annually. Recent grants include $25,000 to The Pettengill House, $20,000 to fight food insecurity, $5,000 to the Newburyport Literary Association, and $2,500 to The Chase Home for Children.
Grant Range
$500 to $275,000
Average Grant
$52 (based on historical data)
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation funds organizations across its service footprint, which includes:
- Massachusetts (primary focus)
- New Hampshire
- Maine
- Michigan
- Washington D.C.
The bank operates 11 community banking locations in Massachusetts and New Hampshire.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $5.6 million
- Total Revenues: $641,887
- Total Expenses: $572,525
- Investment Income and Dividends: $474,676
- Net Gain from Sale of Non-Inventory Assets: $167,211
- Giving Rate: 10.1% of assets
Historical Giving:
- 2024: $565,236 in total giving
- 2023: $679,000 in total giving (56 grants)
- 2022: $723,000 in total giving (47 grants)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,584,420 | $5,286,949 | $5,242,044 |
| Revenue | $641,887 | $366,426 | $392,689 |
| Expenses | $572,525 | $685,884 | $734,969 |
| Qualifying Distributions | $567,425 | $681,884 | $724,969 |
| Net Investment Income | $641,887 | $366,426 | $392,689 |
| Distributable Amount | $261,860 | $246,230 | $276,988 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
192 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by a volunteer board serving without compensation:
- Lloyd Hamm Jr. – President
- Timothy L. Felter – Treasurer
- Elizabeth Blackburn – Clerk
- Brian G. Harrington – Assistant Treasurer
- Kimberley Foulkes – Assistant Treasurer
- Stephen Blanchette – Director
- Karen Andreas – Director
- Jeffrey Nahas – Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lloyd Hamm Jr | PRESIDENT | 1 | — |
| Timothy L Felter | Treasurer | 1 | — |
| Susan Mackinnon | Secretary | 1 | — |
| Stephen Blanchette | Director | 1 | — |
| Karen Andreas | Director | 1 | — |
| Jeffrey Nahas | Director | 1 | — |
| James Williams | Assistant Treasurer | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has demonstrated active grantmaking in recent months, including:
Donation of $25,000 to The Pettengill House as a Community Champion Year-Long Sustaining Partner Sponsor
$20,000 grant to address food insecurity
$5,000 donation to the Newburyport Literary Association to support the Newburyport Literary Festival
Newburyport Bank Charitable Foundation Continues its Support of the Salvation$2,500 award to The Chase Home for Children for podcast production to raise awareness of youth programming
Newburyport Charitable Foundation Awards $2,500 to The Chase Home for Children$2,500 grant to Lamprey Health Care
Support for the Salvation Army of Newburyport
Newburyport Bank Charitable Foundation Continues its Support of the Salvation$10,000 sponsorship of the YWCA Engaging Communities Luncheon
Newburyport Bank Donates $10,000 as Sponsor of YWCA Engaging CommunitiesSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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