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.
Key facts about Webster Bank Charitable Foundation
- EIN
- 32-0103899
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $4,450,630
- Grants made (2024)
- 302
- Average grant
- $14,737
- Median grant
- $5,000
- New grantees (estimate)
- 26% first-time grantees (66 of 256, 2024)
- Total assets
- $5,001,159
- Primary geography
- Connecticut (45% of itemized 2024 grant dollars)
- How to apply
- Applications are accepted year-round. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Webster Bank Charitable Foundation funds
By grant dollars, the top recipient states for Webster Bank Charitable Foundation's 302 itemized 2024 grants were Connecticut (45%), 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). 39% of grants with a stated purpose were for general or operating support. 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).
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 IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Webster Bank Charitable Foundation
- How to evaluate Webster Bank Charitable Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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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
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.
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
Grant Range
$5,000
Average Grant
amount: approximately $14,000
How to Apply
**
Ready to take the next step with Webster Bank Charitable Foundation?
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
Share of all 302 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
1,684 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include The United Way of Greater Waterbury Inc ($426,258 across 4 grants), Womens Business Development Council Inc ($210,000 across 2 grants), Banana Kelly Community Improvement Association Inc ($200,000).
| 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 |
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
No officer or director reported compensation in the available filings.
From 2024 IRS 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
Frequently Asked Questions
What does Webster Bank Charitable Foundation fund?
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
How do I apply for a grant from Webster Bank Charitable Foundation?
Applications are accepted year-round. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Webster Bank Charitable Foundation make 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…
What size grants does Webster Bank Charitable Foundation award?
In 2024, Webster Bank Charitable Foundation awarded 302 grants totaling $4.5M — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Webster Bank Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Webster Bank Charitable Foundation reported a distributable amount of $223K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.