The Willowbank Foundation
The Willowbank Foundation is a private foundation focused on Employment, based in Marblehead, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 5 grants totaling $725K. Net investment income was $114K.
The Willowbank Foundation at a glance
In short: The Willowbank Foundation gave $725K across 5 grants in 2025 (avg $145K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $725,000
- +314.3% vs 2024
- Grants made (2025)
- 5
- +150.0% vs 2024
- Average grant
- $145,000
- +65.7% vs 2024
- Median grant
- $125,000
- Total assets
- $1,064,878
- -35.8% 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 The Willowbank Foundation
Open Grants
1 open opportunity from The Willowbank Foundation
Who The Willowbank Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Pingree School ($250K). Together the top 5 received $725K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $100–250K range: 7 grants of 10 (70%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How The Willowbank Foundation gives
- In 2025 it paid out 827% 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 2023 to 2025, annual grant giving ranged from $175K (2024) to $725K (2025). In 2025 it made 5 grants totaling $725K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pingree School South Hamilton, MA | For Unrestricted Use in Tax Exempt Purpose | $250,000 |
| Salem Hospital Salem, MA | For Unrestricted Use in Tax Exempt Purpose | $150,000 |
| NCH Center for Philanthropy Naples, FL | For Unrestricted Use in Tax Exempt Purpose | $125,000 |
| Catholic Schools Foundation Boston, MA | For Unrestricted Use in Tax Exempt Purpose | $100,000 |
| Warrior Homes Naples, FL | For Unrestricted Use in Tax Exempt Purpose | $100,000 |
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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 | $1,064,878 | $122,164 | $733,584 | $725,000 | 5 | $725,000 | $113,580 | $87,665 |
| 2024 | $1,659,004 | $76,594 | $190,142 | $175,000 | 2 | $175,000 | $67,417 | $96,518 |
| 2023 | $1,769,817 | $308,460 | $235,306 | $225,000 | 3 | $225,000 | $299,663 | $89,673 |
| 2022 | $1,710,924 | $579,336 | $12,970 | — | — | — | $171,850 | $90,210 |
| 2021 | $1,151,155 | $240,941 | $7,595 | — | — | — | $233,346 | $78,471 |
| 2020 | $913,147 | $79,635 | $5,750 | — | — | — | $73,885 | $64,722 |
Under IRS private-foundation payout rules, The Willowbank Foundation reported a distributable amount of $88K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Willowbank Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Frances R. Lockwood
Trustee
On filings since 2020
No compensation reported
Stephen J. Lockwood
Trustee
On filings since 2020
No compensation reported
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 The Willowbank Foundation
How much does The Willowbank Foundation give each year?
The Willowbank Foundation gave $725K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $175K across 2 grants.
What is The Willowbank Foundation's typical grant size?
The Willowbank Foundation's median grant in 2025 was $125,000, and its average grant was $145,000, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Willowbank Foundation give grants?
The Willowbank Foundation 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 Florida (31%). The most frequent recipient cities were Naples, FL (2 grants).
Does The Willowbank Foundation give general operating support?
Yes: 100% of The Willowbank Foundation's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Willowbank Foundation's largest grantees?
The Willowbank Foundation's largest 2025 grantees include Pingree School ($250,000), Salem Hospital ($150,000) and NCH Center for Philanthropy ($125,000), according to its 2025 IRS Form 990-PF. Together they received 72% of its itemized 2025 grant dollars.
How large is The Willowbank Foundation?
The Willowbank Foundation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $725K in qualifying distributions that year, against a required minimum of $88K (roughly 5% of its investment assets).
What is The Willowbank Foundation?
The Willowbank Foundation is a private foundation focused on Employment, based in Marblehead, MA. It holds $1.1M in total assets as of 2025.
What is The Willowbank Foundation's EIN?
The Willowbank Foundation's EIN (Employer Identification Number) is 04-6819602. 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.
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 December 2, 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 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 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 The Willowbank Foundation's focus areas in our free grants database
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