Webster Bank Charitable Foundation
Webster Bank Charitable Foundation is an independent corporate foundation based in Wilmington, Delaware. Established in 2004, the foundation operates as a 501(c)(3) organization dedicated to supporting nonprofit agencies that serve low- to moderate-income communities throughout Webster Bank's operational footprint.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.0M
-29.5% YoY
Annual Giving
$4.5M
+12.7% YoY
Grant Count
302
+7.5% YoY
Avg Grant Size
$15K
+4.8% YoY
Mission & Focus Areas
The foundation partners to empower communities through philanthropic support. Its funding interests span a broad range of areas including:
- Children and youth
- Community development
- Diversity and inclusion
- Economic development
- Education
- Faith-based organizations
- Health and well-being
- Homelessness
- Human services
- Hunger and food insecurity
- Veterans
- Youth development
Grantmaking
Applications are accepted year-round. Nonprofit organizations are invited to review grant guidelines and determine alignment with program areas. The foundation provides guidance on collaborating with financial institutions.
Grant Range
$5,000
Average Grant
amount: approximately $14,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation supports organizations across its operational footprint, with notable concentration in the Northeast. Top grant-receiving cities include:
- Hartford, Connecticut (31 grants)
- New York, New York (26 grants)
- Boston, Massachusetts (18 grants)
- Waterbury, Connecticut (17 grants)
- Bridgeport, Connecticut (14 grants)
- New Haven, Connecticut (11 grants)
- Providence, Rhode Island (10 grants)
- Stamford, Connecticut (8 grants)
- White Plains, New York (6 grants)
- Yonkers, New York (6 grants)
The foundation supports organizations across multiple states including Connecticut, New York, Massachusetts, Rhode Island, and others within its service area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Revenue (2023):
- Total assets: $7.09 million
- Total revenue: $521,000
- Total expenses: $4 million
- Total liabilities: $36,300
Grant Distribution:
- Total grants awarded (2023): $3.95 million across 281 grants
- Historical grant activity: 302 grants documented in recent filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,001,159 | $7,094,937 | $10,101,115 |
| Revenue | $2,422,538 | $520,862 | $10,758,601 |
| Expenses | $4,489,287 | $4,000,094 | $2,565,208 |
| Qualifying Distributions | $4,497,709 | $3,995,858 | $2,531,507 |
| Net Investment Income | $216,896 | $275,723 | $990,252 |
| Distributable Amount | $223,147 | $377,067 | $278,253 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 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
Board and Leadership:
- Marissa Weidner – Chairman, Director, and President
- Kathleen Stanley – Executive Vice President and Director
- Neal Holland – Director and Treasurer
- Glenn MacInnes – Director and Treasurer
- Luis Massiani – Director and Secretary
- Kristy Berner – Director
- John Ciulla – Director
- Javier Evans – Director
- Amy Jakobeit – Director
- Claudia Piper – Director
All board members serve with limited hours (1 hour per week) and receive no compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kristy Berner | Dir | 1 | — |
| John Ciulla | Dir | 1 | — |
| Javier Evans | Dir | 1 | — |
| Neal Holland | Dir, Treas | 1 | — |
| Amy Jakobeit | Dir | 1 | — |
| Glenn MacInnes | Dir, Treas | 1 | — |
| Luis Massiani | Dir, Sec | 1 | — |
| Claudia Piper | Dir | 1 | — |
| Kathleen Stanley | Executive VP, Dir | 1 | — |
| Marissa Weidner | Chairman, Dir, Pres | 1 | — |
Recent News & Activity
Recent developments and announcements
**Connecticut Financial Scholars Program:**
Webster Bank Supports Connecticut Financial Scholars with a Three-Year, $300,000Webster Bank awarded a three-year, $300,000 grant to support Connecticut Financial Scholars, demonstrating the foundation's commitment to financial education initiatives.
Webster Bank Supports Connecticut Financial Scholars with a Three-Year, $300,000**Waterbury Community Support:**
The foundation deepened its support for Waterbury with $100,000 in grant funding, reflecting ongoing investment in communities within its service area.
Webster Bank Supports Ct. Finance Scholars $300,000 Grant**Contact Information:**
Website: www.snb.com/community/foundation
Telephone: 800-839-1754
Address: Foundation Source, 501 Silverside Road, Wilmington, DE 19809-1377
EIN: 32-0103899
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Webster Bank Charitable Foundation on Grantable?
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