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Pentucket Bank Charitable Foundation Inc. is a private corporation based in HAVERHILL, MA. The foundation received its IRS ruling in 2012. The principal officer is Karl Denu. It holds total assets of $3.5M. Annual income is reported at $102K. Total assets have grown from $100K in 2011 to $3.5M in 2023. The foundation is governed by 8 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Massachusetts and New Hampshire. According to available records, Pentucket Bank Charitable Foundation Inc. has made 89 grants totaling $669K, with a median grant of $5K. The foundation has distributed between $299K and $370K annually from 2022 to 2023. Individual grants have ranged from $650 to $50K, with an average award of $8K. The foundation has supported 57 unique organizations. Grants have been distributed to organizations in Massachusetts and New Hampshire. Contributions to this foundation are tax-deductible.
Smallest Grant
$650
Median Grant
$3K
Average Grant
$3K
Largest Grant
$15K
Based on 42 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Pentucket Bank Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 89 grants. Its grantmaking reaches organizations primarily in MA, NH.
Pentucket Bank Charitable Foundation Inc. has distributed a total of $669K across 89 grants. The median grant size is $5K, with an average of $8K. Individual grants have ranged from $650 to $50K.
Pentucket Bank Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Pentucket Bank Charitable Foundation Inc. is headquartered in HAVERHILL, MA. While based in MA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peter A Carbone | DIRECTOR | $0 | $0 | N/A |
| Leanne M Petrou | DIRECTOR | $0 | $0 | N/A |
| Karl Denu | TREASURER/DIRECTOR | $0 | $0 | N/A |
| Jonathan Dowst | PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Eric Landers | DIRECTOR | $0 | $0 | N/A |
| Carol Wilson | DIRECTOR (ENDED 10/12/23) | $0 | $0 | N/A |
| Eric Leuteritz | DIRECTOR (ELECTED 10/12/23) | $0 | $0 | N/A |
| Timothy Schiavoni | CLERK/DIRECTOR | $0 | $0 | N/A |
Total Giving
$346K
Total Assets
$3.5M
Fair Market Value
$3.5M
Net Worth
$3.5M
Grants Paid
$299K
Contributions
N/A
Net Investment Income
$186K
Distribution Amount
$159K
Total: $2.9M
Total Grants
89
Total Giving
$669K
Average Grant
$8K
Median Grant
$5K
Unique Recipients
57
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Isaiah 58EXEMPT PURPOSES | Hampstead, NH | $20K | 2023 |
| Community ActionEXEMPT PURPOSES | Haverhill, MA | $3K | 2023 |
| UtecEXEMPT PURPOSES | Lowell, MA | $50K | 2023 |
| Lowell Community Loan Fund Dba Mill Cities Community InvestmentsEXEMPT PURPOSES | Lawrence, MA | $15K | 2023 |
| Salem Boys & Girls ClubEXEMPT PURPOSES | Salem, NH | $13K | 2023 |
| Northern Essex Community CollegeEXEMPT PURPOSES | Haverhill, MA | $13K | 2023 |
| Na Historical SocietyEXEMPT PURPOSES | North Andover, MA | $10K | 2023 |
| Creative HaverhillEXEMPT PURPOSES | Bradford, MA | $10K | 2023 |
| Project Home AgainEXEMPT PURPOSES | Andover, MA | $10K | 2023 |
| Trinitarian Congregation ChurchEXEMPT PURPOSES | North Andover, MA | $10K | 2023 |
| Team HaverhillEXEMPT PURPOSES | Bradford, MA | $10K | 2023 |
| Family Services IncEXEMPT PURPOSES | Lawrence, MA | $10K | 2023 |
| Waystone HhsEXEMPT PURPOSES | Lawrence, MA | $9K | 2023 |
| Salem Rams Football & SpiritEXEMPT PURPOSES | Salem, NH | $8K | 2023 |
| Makeit HaverhillEXEMPT PURPOSES | Haverhill, MA | $8K | 2023 |
| Emmaus IncEXEMPT PURPOSES | Haverhill, MA | $7K | 2023 |
| Boys & Girls Club Of Greater HaverhillEXEMPT PURPOSES | Haverhill, MA | $7K | 2023 |
| Boys & Girls Club Of Greater SalemEXEMPT PURPOSES | Salem, NH | $6K | 2023 |
| Lazarus HouseEXEMPT PURPOSES | Lawrence, MA | $6K | 2023 |
| Pentucket Regional High SchoolEXEMPT PURPOSES | West Newbury, MA | $5K | 2023 |
| Haverhill Exchange ClubEXEMPT PURPOSES | Haverhill, MA | $5K | 2023 |
| Haverhill HammersEXEMPT PURPOSES | Haverhill, MA | $5K | 2023 |
| Essex County Habitat For HumanityEXEMPT PURPOSES | Danvers, MA | $5K | 2023 |
| Essex County Community FoundationEXEMPT PURPOSES | Danvers, MA | $5K | 2023 |
| Gale Park Neighborhood AssociationEXEMPT PURPOSES | Haverhill, MA | $5K | 2023 |
| Creative Haverhill - Beyond WallsEXEMPT PURPOSES | Lynn, MA | $5K | 2023 |
| Tek CollaborativeEXEMPT PURPOSES | Amesbury, MA | $5K | 2023 |
| Umass Lowell IhubEXEMPT PURPOSES | Haverhill, MA | $5K | 2023 |
| Universalist Unitarian Church Of HaverhillEXEMPT PURPOSES | Haverhill, MA | $5K | 2023 |
| Lawrence PartnershipEXEMPT PURPOSES | Lawrence, MA | $5K | 2023 |
| Northpoint Bible CollegeEXEMPT PURPOSES | Bradford, MA | $3K | 2023 |
| Mv Immigrant & Education CenterEXEMPT PURPOSES | Lawrence, MA | $3K | 2023 |
| Community InroadsEXEMPT PURPOSES | North Andover, MA | $3K | 2023 |
| Haverhill PromiseEXEMPT PURPOSES | Haverhill, MA | $2K | 2023 |
| Whittier Vo TechEXEMPT PURPOSES | Haverhill, MA | $2K | 2023 |
| Na AthleticsEXEMPT PURPOSES | North Andover, MA | $2K | 2023 |
| Dinah'S HouseEXEMPT PURPOSES | Haverhill, MA | $1K | 2023 |
| Merrimac Baseball IncEXEMPT PURPOSES | Merrimac, MA | $1K | 2023 |
| North Andover Scholarship FoundationEXEMPT PURPOSES | North Andover, MA | $1K | 2023 |
| BellesiniEXEMPT PURPOSES | Lawrence, MA | $1K | 2023 |
| New England Hoops AcademyEXEMPT PURPOSES | North Andover, MA | $1K | 2023 |
| Riverside Bradford BaseballEXEMPT PURPOSES | Bradford, MA | $1K | 2023 |
| Atkinson Historical SocietyEXEMPT PURPOSES | Atkinson, NH | $1K | 2023 |
| Inspirational OnesEXEMPT PURPOSES | Methuen, NH | $20K | 2022 |
| EforallEXEMPT PURPOSES | Lowell, MA | $17K | 2022 |
| 21st Century Jobskills ProjectEXEMPT PURPOSES | Alexandria, MA | $15K | 2022 |