Newburyport Bank Charitable
Newburyport Bank Charitable is a private foundation based in Newburyport, Massachusetts. Founded in 2003 and supported solely by Newburyport Bank, it makes grants to nonprofit organizations serving communities in the Greater Newburyport, Merrimack Valley, and Seacoast regions.
Newburyport Bank Charitable at a glance
In short: Newburyport Bank Charitable gave $649K across 55 grants in 2025 (avg $12K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $649,345
- +14.9% vs 2024
- Grants made (2025)
- 55
- +5400.0% vs 2024
- Average grant
- $11,806
- -97.9% vs 2024
- Median grant
- $5,000
- Total assets
- $5,816,181
- +4.2% vs 2024
- Primary geography
- Massachusetts (69% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
How to apply to Newburyport Bank Charitable
- How to Apply
-
The Foundation accepts applications from eligible 501(c)(3) public charities qualified to receive tax-deductible donations under IRC Section 170(c). Applications use the online form and materials. Eligible organizations must be located in or contribute to the communities of Greater Newburyport and to the welfare of those communities’ people and institutions.
- Review Cycle
- March 1, June 1, September 1, and December 1.
- Deadline
- March 1, June 1, September 1, and December 1.
- Contact
Application contact: Leanne Eastman
Mailing address: 63 State Street, Newburyport, MA 01950
Phone: (978) 462-3136
Email: foundationboard@newburyportbank.com
Website: https://newburyportbank.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Newburyport Bank Charitable funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Northern Essex Comm College Foundation ($100K). Together the top 10 received $415K.
Grant Size Distribution
215 grants across all recorded years
The most common grant size was under $50K: 201 grants of 215 (93%).
Geographic Focus
Where this funder awards grants
The Foundation’s filing describes eligible organizations as those located in or contributing to Greater Newburyport communities. In 2025, 69% of grant dollars went to Massachusetts recipients, 28% to New Hampshire, and 4% to Rhode Island.
Grant Distribution by State
Share of 2025 grant dollars across all 55 itemized grants.
Cities
How Newburyport Bank Charitable gives
- Giving held roughly steady from 2022 to 2025 (−10%). Method
- In 2025 it paid out 243% 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 $396K (2020) to $723K (2022). In 2025 it made 55 grants totaling $649K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northern Essex Comm College Foundation Haverhill, MA | Exempt Purtpose | $100,000 |
| Anna Jaques Hospital Newburyport, MA | Exempt Purtpose | $50,000 |
| Exeter Hospital Exeter, NH | Exempt Purtpose | $50,000 |
| The Music Hall Portsmouth, NH | Exempt Purtpose | $50,000 |
| Our Neighbors Table Amesbury, MA | Exempt Purtpose | $40,000 |
| Newburyport Art Association Newburyport, MA | Exempt Purtpose | $25,000 |
| Newburyport Maritime Society Newburyport, MA | Exempt Purtpose | $25,000 |
| Opportunity Works Inc Newburyport, MA | Exempt Purtpose | $25,000 |
| St Patrick Academy Providence, RI | Exempt Purtpose | $25,000 |
| The Pettengill House Amesbury, MA | Exempt Purtpose | $25,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,816,181 | $742,685 | $660,621 | $649,345 | 55 | $648,220 | $742,685 | $266,820 |
| 2024 | $5,584,420 | $641,887 | $572,525 | $565,236 | 1 | $567,425 | $641,887 | $261,860 |
| 2023 | $5,286,949 | $366,426 | $685,884 | $679,795 | 57 | $681,884 | $366,426 | $246,230 |
| 2022 | $5,242,044 | $392,689 | $734,969 | $723,000 | 47 | $724,969 | $392,689 | $276,988 |
| 2021 | $6,645,398 | $499,493 | $540,218 | $535,229 | 55 | $537,218 | $499,493 | $304,345 |
| 2020 | $5,903,314 | $269,735 | $399,494 | $396,450 | 44 | — | $269,735 | $264,906 |
Under IRS private-foundation payout rules, Newburyport Bank Charitable reported a distributable amount of $267K 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 prioritizes organizations addressing affordable housing, financial literacy, food insecurity, health and wellness, and veteran support. Applicants must be 501(c)(3) nonprofits.
Its grantees work across a range of community needs. For example, Our Neighbors’ Table says it provides food to people experiencing food insecurity and coordinates food-supply and logistics work through a regional food hub. The Pettengill House describes its work as supporting children and families through education, case management, basic needs, and community supports. Opportunity Works says it promotes dignity, inclusion, and independence for people with disabilities. Other 2025 recipients include the Newburyport Art Association, which says it provides art education and access to visual arts, and the Newburyport Maritime Society, which says it preserves and interprets the region’s maritime heritage.
Grantmaking
The Foundation awarded $649,345 through 55 grants in 2025. Grants ranged from $250 to $100,000, with a median award of $5,000. Notable awards included $100,000 to Northern Essex Community College Foundation; $50,000 each to Anna Jaques Hospital, Exeter Hospital, and The Music Hall; and $40,000 to Our Neighbors’ Table. The Foundation also awarded $25,000 each to the Newburyport Art Association, Newburyport Maritime Society, Opportunity Works, St. Patrick Academy, and The Pettengill House.
The Foundation’s website says its board meets quarterly to review grant requests. The Foundation does not restrict giving to preselected organizations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Lloyd Hamm Jr. as president and director; Timothy L. Felter as treasurer and director; Karl Denu as assistant treasurer; James McCarthy, Stephen Blanchette, Karen Andreas, Jeffrey Nahas, and Leanne Eastman as directors; and Susan Machkinnon as secretary. James Williams is listed as assistant secretary, with that role ending June 12, 2025.
Newburyport Bank Charitable is led by Lloyd Hamm Jr., President & Director since 2025 (on filings since 2020); none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lloyd Hamm Jr.
President & Director
President & Director → President, 2023
President → President & Director, 2025
On filings since 2020
1 hr/week
No compensation reported
Jeffrey Nahas
Director
On filings since 2020
1 hr/week
No compensation reported
Stephen P. Blanchette
Director
On filings since 2020
1 hr/week
No compensation reported
Timothy L. Felter
Treasurer & Director
Treasurer & Director → Treasurer, 2023
Treasurer → Treasurer & Director, 2025
On filings since 2020
1 hr/week
No compensation reported
Karen Andreas
Director
On filings since 2022
1 hr/week
No compensation reported
James McCarthy
Director
New on the 2025 filing
1 hr/week
No compensation reported
Leanne Eastman
Director
New on the 2025 filing
1 hr/week
No compensation reported
James Williams
Assistant Secretary
Assistant Treasurer → Assistant Secretary, 2025
On filings since 2024
1 hr/week
No compensation reported
Susan Machkinnon
Secretary
On filings since 2024
1 hr/week
No compensation reported
Karl Denu
Assistant Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (4)
- Former: Elizabeth Blackburn (2020–2023) — Clerk
- Former: Kimberley Foulkes (2020–2023) — Assistant Treasurer
- Former: Brian G. Harrington (2022–2023) — Assistant Treasurer
- Former: James Connolly Jr. (2020–2021) — 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 Newburyport Bank Charitable
How much does Newburyport Bank Charitable give each year?
Newburyport Bank Charitable gave $649K across 55 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $565K across 1 grant.
What is Newburyport Bank Charitable's typical grant size?
Newburyport Bank Charitable's median grant in 2025 was $5,000, and its average grant was $11,806, across 55 grants on its 2025 IRS Form 990-PF.
Where does Newburyport Bank Charitable give grants?
Newburyport Bank Charitable gives mostly in Massachusetts: 69% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New Hampshire (28%). The most frequent recipient cities were Newburyport, MA (17 grants), Portsmouth, NH (10 grants), Amesbury, MA (8 grants) and Haverhill, MA (2 grants).
Who are Newburyport Bank Charitable's largest grantees?
Newburyport Bank Charitable's largest 2025 grantees include Northern Essex Comm College Foundation ($100,000), Anna Jaques Hospital ($50,000) and Exeter Hospital ($50,000), according to its 2025 IRS Form 990-PF. Together they received 31% of its itemized 2025 grant dollars.
How large is Newburyport Bank Charitable?
Newburyport Bank Charitable reported $5.8M in total assets on its 2025 IRS Form 990-PF. It paid out $648K in qualifying distributions that year, against a required minimum of $267K (roughly 5% of its investment assets).
What does Newburyport Bank Charitable fund?
The Foundation prioritizes organizations addressing affordable housing, financial literacy, food insecurity, health and wellness, and veteran support. Applicants must be 501(c)(3) nonprofits. See mission & focus areas ↑
How do I apply for a grant from Newburyport Bank Charitable?
The Foundation accepts applications from eligible 501(c)(3) public charities qualified to receive tax-deductible donations under IRC Section 170(c). Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Newburyport Bank Charitable's EIN?
Newburyport Bank Charitable's EIN (Employer Identification Number) is 20-0318941. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 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 May 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 25, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 13, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Newburyport Bank Charitable's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Newburyport Bank Charitable funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/newburyport-bank-charitable-morg_1c1ea2402ffd44afadf2eaa1cde4c5c6
BibTeX
@misc{grantable_200318941_2026,
author = {{Grantable}},
title = {{Newburyport Bank Charitable funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/newburyport-bank-charitable-morg_1c1ea2402ffd44afadf2eaa1cde4c5c6},
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 Newburyport 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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