The Webster Five Foundation is a private charitable foundation based in Auburn, Massachusetts, established to support local nonprofit organizations and programs. The Foundation is affiliated with Webster Five Cents Savings Bank, a $1 billion community bank serving Central Massachusetts with branches in Auburn, Dudley, Oxford, Shrewsbury, Webster, and Worcester. The Foundation operates as part of the bank's broader community commitment through its "Web of Caring to Make a Difference" program.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4K
-25.1% YoY
Annual Giving
$262K
+6.9% YoY
Grant Count
1
-98.2% YoY
Avg Grant Size
$262K
+5777.8% YoY
Under IRS private-foundation payout rules, Webster Five Foundation Inc reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Webster Five Foundation provides grants to local nonprofit organizations or programs that support:
- Education
- Culture and the arts
- Social services
- Charitable activities
- Community development
The Foundation specifically prioritizes youth services, senior services, and health and social services.
Grantmaking
The Foundation does not support individuals, political organizations or candidates, churches, synagogues, mosques, fraternal organizations, employment unions, or tax-supported entities (with limited exceptions for library capital campaigns supported by private funding programs).
Review Cycle
March 15, June 15, September 15, and December 15
How to Apply
**
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Geographic Focus
Where this funder awards grants
The Webster Five Foundation funds organizations based in or serving Webster Five's delineated community, which includes the cities and towns where the bank has branch locations and surrounding communities. This encompasses Central Massachusetts and northeastern Connecticut, with particular concentration in Worcester County.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Cumulative Impact: Since its inception, the Foundation has donated more than $4.1 million to nonprofit organizations.
Tax-Exempt Status: The Foundation has been tax-exempt since March 1997 (EIN: 04-3303760).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,631 | $4,848 | $3,916 |
| Revenue | $261,415 | $246,502 | $218,204 |
| Expenses | $262,632 | $245,570 | $220,039 |
| Qualifying Distributions | $262,632 | $245,570 | $220,039 |
| Net Investment Income | $21 | $2 | $4 |
| Distributable Amount | $1,453 | $1,803 | $1,050 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
201 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Total Contributions Paid ($262,362).
| Recipient | Purpose | Amount |
|---|---|---|
| Total Contributions Paid Auburn, MA | Exempt Purpose | $262,362 |
Leadership & Key People
Leadership team and compensation from IRS filings
Don Doyle serves as President/CEO of Webster Five.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BENJAMIN A CRAVER | CLERK/DIRECTOR | 1 | — |
| DONALD DOYLE | President/director | 1 | — |
| David S Bayer II | Director | 1 | — |
| MONICA M THOMAS-BONNICK | TREASURER/EXECUTIVE DIRECTOR | 4 | — |
| Jane Bania | Director | 1 | — |
Recent News & Activity
Recent developments and announcements
The Webster Five Foundation announced record-breaking charitable giving in 2025. The Foundation awarded its largest-ever quarterly grant cycle of $101,000 and concluded the year with $50,500 in grants to 17 organizations in the final quarter, bringing the annual total to $286,334 across 82 grants.
Webster Five Foundation Awards $50K To 17 Central MA Nonprofits | Worcester,Recent grant recipients have included organizations such as YWCA Central Massachusetts, Worcester Youth Orchestras, Worcester Youth Center, Tri-Valley Inc., Southeast Asian Coalition of Central Massachusetts, Pakachoag Music School, Worcester County Horticultural Society, VNA Care Network, Venture Community Services, and Rachel's Table.
Webster Five Foundation Awards $50K To 17 Central MA Nonprofits | Worcester,Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Webster Five Foundation Inc fund?
The Webster Five Foundation provides grants to local nonprofit organizations or programs that support: • Education • Culture and the arts • Social services • Charitable activities • Community development The Foundation specifically prioritizes youth services, senior services, and health and social services.
How do I apply for a grant from Webster Five Foundation Inc?
**Grant Parameters:** • Grant amounts range from $1,000 to $15,000 • Eligible applicants must be 501(c)(3) tax-exempt organizations • Organizations must be based in or directly benefit Webster Five's delineated community **Types of Support:** • Annual campaigns • Program development • Emergency funds **Ineligible Applicants:** The Foundation does not support individuals, political organizations or candidates, churches, synagogues, mosques, fraternal organizations, employment unions, or tax-supp…
Where does Webster Five Foundation Inc make grants?
The Webster Five Foundation funds organizations based in or serving Webster Five's delineated community, which includes the cities and towns where the bank has branch locations and surrounding communities. This encompasses Central Massachusetts and northeastern Connecticut, with particular concentration in Worcester County.
What size grants does Webster Five Foundation Inc award?
In 2024, Webster Five Foundation Inc awarded 1 grants totaling $262K — an average of about $262K per grant, based on its IRS Form 990 filings.
How much is Webster Five Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Webster Five Foundation Inc reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Webster Five Foundation Inc's EIN?
Webster Five Foundation Inc's EIN (Employer Identification Number) is 04-3303760. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Webster Five Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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