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Lowell Five Charitable Foundation Inc. is a private corporation based in TEWKSBURY, MA. The foundation received its IRS ruling in 2017. It holds total assets of $4M. Annual income is reported at $2.6M. The foundation is governed by 7 officers and trustees. To engage exclusively in charitable, educational, scientific, and literary purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended, including, but not limited to, providing donations to charities organized to relieve the poor and distressed or underprivileged. Tax records are available from 2018 to 2023. The foundation primarily funds organizations in Massachusetts and New Hampshire. According to available records, Lowell Five Charitable Foundation Inc. has made 52 grants totaling $316K, with a median grant of $5K. Individual grants have ranged from $1K to $16K, with an average award of $6K. The foundation has supported 26 unique organizations. Grants have been distributed to organizations in Massachusetts and New Hampshire. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$5K
Average Grant
$7K
Largest Grant
$20K
Based on 23 grants from the most recent 990-PF filing.
To engage exclusively in charitable, educational, scientific, and literary purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended, including, but not limited to, providing donations to charities organized to relieve the poor and distressed or underprivileged.
To engage exclusively in charitable, educational, scientific, and literary purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended, including, but not limited to, providing donations to charities organized to relieve the poor and distressed or underprivileged. Based on available records, the foundation has funded 52 grants. Its grantmaking reaches organizations primarily in MA, NH.
Lowell Five Charitable Foundation Inc. has distributed a total of $316K across 52 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $1K to $16K.
The application deadline is NOT YET DETERMINED. Not yet determined.
Lowell Five Charitable Foundation Inc. is headquartered in TEWKSBURY, MA. While based in MA, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jason K Stephens | PRESIDENT | $0 | $0 | N/A |
| Edward J Campanella | TREASURER | $0 | $0 | N/A |
| Kathleen M Dechirico | CLERK | $0 | $0 | N/A |
| Robert A Caruso | DIRECTOR | $0 | $0 | N/A |
| Glenn B Goldman | DIRECTOR | $0 | $0 | N/A |
| Alison E Kalman | DIRECTOR | $0 | $0 | N/A |
| Maura D Sweeney | DIRECTOR | $0 | $0 | N/A |
Total Giving
$181K
Total Assets
$3.3M
Fair Market Value
$3.3M
Net Worth
$3.3M
Grants Paid
$149K
Contributions
N/A
Net Investment Income
$104K
Distribution Amount
$152K
Total Grants
52
Total Giving
$316K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
26
Most Common Grant
$2K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyDONATION | Lowell, MA | $6K | 2022 |
| Massachusetts Bankers Association Charitable FoundationDONATION | Boston, MA | $3K | 2022 |
| Local City And Town ScholarshipsSCHOLARSHIPS | Tewksbury, MA | $16K | 2022 |
| Boys And Girls Club Of Greater LowellDONATION | Lowell, MA | $15K | 2022 |
| Other Various DonationsDONATIONS | Lowell, MA | $12K | 2022 |
| Greater Merrimack Valley Convention & Visitors BureauDONATION | Lowell, MA | $11K | 2022 |
| Town Of DracutDONATIONS | Dracut, MA | $11K | 2022 |
| Girls IncEMPLOYEE MATCH | Lowell, MA | $10K | 2022 |
| Lowell PlanDONATION | Lowell, MA | $10K | 2022 |
| Community TeamworkDONATION | Lowell, MA | $9K | 2022 |
| Town Of WilmingtonDONATION | Wilmington, MA | $7K | 2022 |
| Greater Lowell Community FoundationDONATION | Lowell, MA | $6K | 2022 |
| Foster Kids Of The Merrimack ValleyDONATION | Methuen, MA | $5K | 2022 |
| Age SpanEMPLOYEE MATCH | Lawrence, MA | $5K | 2022 |
| Table Of PlentyEMPLOYEE MATCH | Chelmsford, MA | $5K | 2022 |
| The Center For Hope And HealingDONATION | Lowell, MA | $5K | 2022 |
| Merrimack Valley Housing PartnershipDONATION | Lowell, MA | $3K | 2022 |
| Chelmsford Parade CommitteeDONATION | Chelmsford, MA | $3K | 2022 |
| Coalition For A Better AcreDONATIONS | Lowell, MA | $3K | 2022 |
| Town Of North AndoverDONATION | North Andover, MA | $3K | 2022 |
| Lamprey Health CareDONATION | Nashua, NH | $2K | 2022 |
| Town Of TewksburyDONATION | Tewksbury, MA | $2K | 2022 |
| Habitat For Humanity Of Greater LowellDONATION | Westford, MA | $2K | 2022 |
| The Sun Santa FundDONATION | Lowell, MA | $2K | 2022 |
| Southern New Hampshire ServicesDONATION | Manchester, NH | $2K | 2022 |