Webster Bank Charitable Foundation
Webster Bank Charitable Foundation is a private foundation based in Wilmington, Delaware. It supports nonprofit organizations serving low- to moderate-income communities within Webster’s footprint, with grantmaking focused on financial empowerment, community and workforce development, and basic needs.
Webster Bank Charitable Foundation at a glance
In short: Webster Bank Charitable Foundation gave $4.5M across 302 grants in 2024 (avg $15K), top state Connecticut. 26% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $4,450,630
- +12.7% vs 2023
- Grants made (2024)
- 302
- +7.5% vs 2023
- Average grant
- $14,737
- +4.8% vs 2023
- Median grant
- $5,000
- Total assets
- $5,001,159
- -29.5% vs 2023
- New grantees (estimate)
- 26% first-time grantees (66 of 256, 2024)
- Primary geography
- Connecticut (45% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Webster Bank Charitable Foundation
- How to Apply
-
The foundation’s filing states that giving is not restricted to preselected organizations. Webster’s application process begins with an online eligibility quiz; eligible applicants are directed to an online application. Applicants should prepare a current operating budget, top five funders, mission statement, program overview and budget, information on people served and the share who are low- to moderate-income, evaluation methods, proof of 501(c)(3) status, and executive management and board lists with affiliations. Applications are accepted on a rolling basis, and grants and sponsorships must be applied for annually. The online application portal is paused during integration of grant-payment systems and is anticipated to reopen October 19, 2026. Event-related requests should be submitted 6–8 weeks before the event.
- Deadline
- Rolling
- Contact
Application contact: Webster Bank
Mailing address: 145 Bank Street, Waterbury, CT 06702
Phone: (203) 722-0797
Website: https://websterbank.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Webster Bank Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was The United Way of Greater Waterbury Inc ($426K across 4 grants). Together the top 10 received $1.7M.
Grant Size Distribution
1,684 grants across all recorded years
The most common grant size was under $50K: 1,628 grants of 1,684 (97%).
Geographic Focus
Where this funder awards grants
Webster’s guidelines require organizations to operate and serve communities within its footprint. In 2024, grant dollars went to recipients in Connecticut (45%), New York (31%), Massachusetts (15%), Rhode Island (6%), and Washington, D.C. (3%).
Grant Distribution by State
Share of 2024 grant dollars across all 302 itemized grants.
States
Cities
Is Webster Bank Charitable Foundation open to new grantees?
26%
first-time grantees, 2024
In 2024, 66 of 256 grantees (26%) were first-time recipients. First grants averaged $8K; repeat grants $21K. How we count
Medians: $5K first-time, $10K repeat.
- 66% of 2024 grantees were also funded in 2023. Method
- Giving grew 232% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.3M (2021) to $4.5M (2024). In 2024 it made 302 grants totaling $4.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The United Way of Greater Waterbury Inc Waterbury, CT | General & Unrestricted | $346,732 |
| Banana Kelly Community Improvement Association Inc Bronx, NY | Bronx Financial Access Coalition | $200,000 |
| Career Resources Inc Bridgeport, CT | The Bridge on Main | $150,000 |
| Womens Business Development Council Inc Stamford, CT | Ignite Grant Program | $150,000 |
| Associates for Human Services Inc Taunton, MA | the Finance Lab | $100,000 |
| Boys and Girls Clubs of Dorchester Inc Dorchester, MA | Webster/Boys & Girls Clubs of Dorchester Finance Lab | $100,000 |
| Boys and Girls Clubs of Providence Providence, RI | the Mobile Finance Lab | $100,000 |
| Hispanic Coalition of Greater Waterbury Inc Waterbury, CT | the Finance Lab | $100,000 |
| National Community Reinvestment Coalition Inc Washington, DC | The 2024 Just Economy Conference & the Housing Counseling Equity Fund | $100,000 |
| SCO Family of Services Garden City, NY | Webster/SCO Finance Lab - payment 1 | $100,000 |
Ready to take the next step with Webster Bank Charitable Foundation?
Financial History
Multi-year comparison from IRS filings
The foundation’s 2024 filing says it made $4,450,630 in distributions from assets from sources other than current income, an amount equal to at least 25% of its net assets at the start of the year. It reported that these distributions resulted in a substantial contraction of assets and stated that it had no plans for dissolution.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $5,001,159 | $2,422,538 | $4,489,287 | $4,450,630 | 302 | $4,497,709 | $216,896 | $223,147 |
| 2023 | $7,094,937 | $520,862 | $4,000,094 | $3,950,317 | 281 | $3,995,858 | $275,723 | $377,067 |
| 2022 | $10,101,115 | $10,758,601 | $2,565,208 | $2,508,181 | 454 | $2,531,507 | $990,252 | $278,253 |
| 2021 | $1,041,836 | $298,355 | $1,387,485 | $1,338,770 | 357 | $1,375,124 | $921,857 | $65,889 |
| 2020 | $1,742,954 | $1,266,442 | $1,728,026 | $1,680,500 | 290 | — | $539,969 | $83,676 |
Under IRS private-foundation payout rules, Webster Bank Charitable Foundation reported a distributable amount of $223K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
Webster says its grantmaking prioritizes nonprofit organizations that support underserved communities and address economic equity and inclusion, with an emphasis on financial empowerment, community development, and workforce development. Its four funding pillars are:
- Workforce Development: Job creation, small-business development, and career skills for underserved populations.
- Community Development: Affordable housing, including homeownership counseling, foreclosure prevention, first-time homebuyer support, and credit remediation; support for CDFIs and CDCs.
- Financial Empowerment: Financial literacy and inclusion programs for youth and aging populations.
- Basic Needs & Human Services: Food insecurity—primarily through regional food banks—homelessness, and targeted wrap-around services.
Examples of grantees’ work include Career Resources Inc., whose stated mission is to provide Connecticut jobseekers with training, support, and resources to become employed and succeed in the workforce. The Women’s Business Development Council describes its mission as supporting women’s economic prosperity and strengthening communities through entrepreneurial and financial education services. YWCA Hartford Region says it provides services including emergency shelter, career pathways, and financial literacy education. These are grantees’ stated missions, not separate statements of the foundation’s mission.
Grantmaking
In 2024, the foundation reported 302 grants totaling $4,450,630. Grants ranged from $50 to $346,732, with a median of $5,000. The largest award was $346,732 to The United Way of Greater Waterbury Inc. for general and unrestricted purposes. Other notable awards included $200,000 to Banana Kelly Community Improvement Association Inc. for the Bronx Financial Access Coalition; $150,000 each to Career Resources Inc. for The Bridge on Main and Women’s Business Development Council for its Ignite Grant Program; and $100,000 each to several organizations for Finance Lab programs, among other purposes.
Applicants must be registered 501(c)(3) nonprofits serving low- to moderate-income communities within Webster’s footprint. Both the organization and program must have been operating for at least three years and demonstrate a history of success; requests must fit a funding pillar and align with the foundation’s priorities. The guidelines list activities generally ineligible for foundation grants, including capital campaigns, endowments, private scholarships, start-ups and pilot programs, and activities outside the geographic footprint; exceptions may be made at the philanthropy team’s discretion.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Marissa Weidner as chairman, director, and president; Kathleen Stanley as executive vice president and director; Neal Holland and Glenn MacInnes as directors and treasurers; and Luis Massiani as director and secretary. Also listed as directors are Kristy Berner, John Ciulla, Javier Evans, Amy Jakobeit, and Claudia Piper.
Webster Bank Charitable Foundation is led by Marissa Weidner, Chairman, Director & President on every filing since 2022; none of the 10 officers listed in 2024 report compensation.
Officers on the 2024 filing
Marissa Weidner
Chairman, Director & President
On filings since 2022
1 hr/week
No compensation reported
Javier Evans
Director
Director & Executive Vice President → Director & Executive Vp*, 2022
Director & Executive Vp* → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Luis Massiani
Director & Secretary
CFO → Chief Financial Officer* & Director, 2022
Chief Financial Officer* & Director → Director & Secretary, 2023
On filings since 2020
1 hr/week
No compensation reported
Kathleen Stanley
Executive Vice President & Director
On filings since 2021
1 hr/week
No compensation reported
Amy Jakobeit
Director
On filings since 2022
1 hr/week
No compensation reported
Claudia Piper
Director
On filings since 2022
1 hr/week
No compensation reported
Glenn MacInnes
Director & Treasurer
On filings since 2022
1 hr/week
No compensation reported
John Ciulla
Director
On filings since 2022
1 hr/week
No compensation reported
Kristy Berner
Director
New on the 2024 filing
1 hr/week
No compensation reported
Neal Holland
Director & Treasurer
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (12)
- Former: James Blose (2020–2023) — Director & Secretary
- Former: Benjamin Hirsh (2020–2022) — Director, Senior Vice President, Treasurer & Chief Acct Officer
- Former: June Ann Byrnes (2020–2022) — Assistant Vice President & Secretary
- Former: Lucy Amicucci (2020–2022) — Vice President & Director
- Former: Marissa Mack (2020–2022) — Officer
- Former: Susan Hentze (2020–2022) — Controller & Senior Vice President
- Former: Beatrice Ordonez (2021–2022) — Director & Executive Vice President
- Former: Jennifer Sterling (2021–2022) — Officer & Vice President
- Former: Karina Saltman (2021–2022) — Director & Senior Vice President
- Former: Jack Kopnisky (2020–2021) — Director & President
- Former: Michael Finn (2020–2021) — Director & Executive Vice President
- Former: Brian Edwards (2020) — Director & Executive Vice President
Data from IRS Form 990 filings, 2020–2024. "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 Webster Bank Charitable Foundation
How much does Webster Bank Charitable Foundation give each year?
Webster Bank Charitable Foundation gave $4.5M across 302 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4.0M across 281 grants.
What is Webster Bank Charitable Foundation's typical grant size?
Webster Bank Charitable Foundation's median grant in 2024 was $5,000, and its average grant was $14,737, across 302 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Webster Bank Charitable Foundation that year got $8K on average.
Where does Webster Bank Charitable Foundation give grants?
Webster Bank Charitable Foundation's top state is Connecticut, with 45% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (31%) and Massachusetts (15%). The most frequent recipient cities were New York, NY (37 grants), Hartford, CT (24 grants), Waterbury, CT (22 grants) and Providence, RI (19 grants).
Does Webster Bank Charitable Foundation give general operating support?
Yes: 39% of Webster Bank Charitable Foundation's 2024 grants with a stated purpose (117 of 302) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Additional Year-End Grant for Program Support" (9 grants), "Year-End Grant for Program Support" (5 grants) and "the Finance Lab" (3 grants).
Who are Webster Bank Charitable Foundation's largest grantees?
Webster Bank Charitable Foundation's largest 2024 grantees include The United Way of Greater Waterbury Inc ($426,258 across 4 grants), Womens Business Development Council Inc ($210,000 across 2 grants) and Banana Kelly Community Improvement Association Inc ($200,000), according to its 2024 IRS Form 990-PF. Together they received 19% of its itemized 2024 grant dollars.
How large is Webster Bank Charitable Foundation?
Webster Bank Charitable Foundation reported $5.0M in total assets on its 2024 IRS Form 990-PF. It paid out $4.5M in qualifying distributions that year, against a required minimum of $223K (roughly 5% of its investment assets).
What does Webster Bank Charitable Foundation fund?
Webster says its grantmaking prioritizes nonprofit organizations that support underserved communities and address economic equity and inclusion, with an emphasis on financial empowerment, community development, and workforce development. Its four funding pillars are: See mission & focus areas ↑
How do I apply for a grant from Webster Bank Charitable Foundation?
The foundation’s filing states that giving is not restricted to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Webster Bank Charitable Foundation's EIN?
Webster Bank Charitable Foundation's EIN (Employer Identification Number) is 32-0103899. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Webster Bank Charitable Foundation funds
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Cite this profile
Grantable. (2026). Webster Bank Charitable Foundation funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/webster-bank-charitable-foundation-morg_f1f1a95284b84bd09cc77fb6b03a9938
BibTeX
@misc{grantable_320103899_2026,
author = {{Grantable}},
title = {{Webster Bank Charitable Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/webster-bank-charitable-foundation-morg_f1f1a95284b84bd09cc77fb6b03a9938},
note = {Accessed 2026-10-17. 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 Webster Bank Charitable Foundation'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.
Webster Bank Charitable Foundation down — hundreds of funders to go?