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Salem Five Charitable Foundation Inc. is a private corporation based in SALEM, MA. The foundation received its IRS ruling in 1997. The principal officer is % William Smith. It holds total assets of $15.3M. Annual income is reported at $3.2M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Salem Five Charitable Foundation Inc. has made 1,055 grants totaling $1.9M, with a median grant of $1K. Annual giving has grown from $371K in 2020 to $1.1M in 2022. Individual grants have ranged from $50 to $30K, with an average award of $2K. The foundation has supported 494 unique organizations. The foundation primarily supports organizations in Massachusetts, District of Columbia, New York, which account for 97% of all grants. Grantmaking reaches organizations across 12 states. Contributions to this foundation are tax-deductible.
Salem Five Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 1,055 grants. Its grantmaking reaches organizations primarily in MA, DC, NY.
Salem Five Charitable Foundation Inc. has distributed a total of $1.9M across 1,055 grants. The median grant size is $1K, with an average of $2K. Individual grants have ranged from $50 to $30K.
The application deadline is SEE APPLICATIONS FOR VARIOUS DEADLINES. GRANTS WILL BE GIVEN TO SOCIAL SERVICE AGENCIES, CULTURAL, EDUCATIONAL, ART, COMMUNITY ECEONOMIC DEVELOPMENT AND OTHER PROGRAMS THAT IMPACT THE NEEDS OF THE SALEM FIVE COMMUNITIES.
Salem Five Charitable Foundation Inc. is headquartered in SALEM, MA. While based in MA, the foundation distributes grants to organizations across 12 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ping Yin Chai | PRESIDENT | $0 | $0 | $0 |
| Donald A Sadoski Dmd | DIRECTOR | $0 | $0 | $0 |
| Brian W Shaughnessy | CLERK/TREASURER | $0 | $0 | $0 |
| Daniel E Clasby | DIRECTOR | $0 | $0 | $0 |
| Catherine L Oatway | DIRECTOR | $0 | $0 | $0 |
Total Giving
$654K
Total Assets
$15M
Fair Market Value
$19.1M
Net Worth
$15M
Grants Paid
$580K
Contributions
$2.7M
Net Investment Income
$1.9M
Distribution Amount
$757K
Total: $14.3M
Total Grants
1,055
Total Giving
$1.9M
Average Grant
$2K
Median Grant
$1K
Unique Recipients
494
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Massachusetts Bankers AssociationEXEMPT PURPOSES | Boston, MA | $3K | 2022 |
| First Congregational ChurchEXEMPT PURPOSES | Stoneham, MA | $3K | 2022 |
| Stephen Phillips Memorial Scholarship Funds IncEXEMPT PURPOSES | Boston, MA | $30K | 2022 |
| Stoneham Theatre CorpEXEMPT PURPOSES | Stoneham, MA | $25K | 2022 |
| Peabody Essex Museum |
| Joseph M Gibbons |
| DIRECTOR |
| $0 |
| $0 |
| $0 |
| Peter C Gourdeau | DIRECTOR | $0 | $0 | $0 |
| Salem, MA |
| $15K |
| 2022 |
| All Care HospiceEXEMPT PURPOSES | Lynn, MA | $10K | 2022 |
| Dana Farber Cancer InstituteEXEMPT PURPOSES | Boston, MA | $9K | 2022 |
| The Salem PartnershipEXEMPT PURPOSES | Salem, MA | $8K | 2022 |
| St John'S Preparatory SchoolEXEMPT PURPOSES | Danvers, MA | $7K | 2022 |
| Boys & Girls Club Of LynnEXEMPT PURPOSES | Lynn, MA | $7K | 2022 |
| Bourque Family FoundationEXEMPT PURPOSES | Woburn, MA | $7K | 2022 |
| Ymca Of The North ShoreEXEMPT PURPOSES | Beverly, MA | $6K | 2022 |
| North Shore Community Action Prorams IncEXEMPT PURPOSES | Peabody, MA | $5K | 2022 |
| Root Ns IncEXEMPT PURPOSES | Salem, MA | $5K | 2022 |
| Ymca Of Greater BostonEXEMPT PURPOSES | Boston, MA | $5K | 2022 |
| Essex National Heritage Commission IncEXEMPT PURPOSES | Salem, MA | $5K | 2022 |
| The Salem AthenaeumEXEMPT PURPOSES | Salem, MA | $5K | 2022 |
| The Community HouseEXEMPT PURPOSES | South Hamilton, MA | $5K | 2022 |
| Be Like Brit Foundation IncEXEMPT PURPOSES | Worcester, MA | $5K | 2022 |
| Boys And Girls Club Of StonehamEXEMPT PURPOSES | Stoneham, MA | $5K | 2022 |
| My Brother'S TableEXEMPT PURPOSES | Lynn, MA | $5K | 2022 |
| Nafa FoundationEXEMPT PURPOSES | Washington, DC | $5K | 2022 |
| Newburyport Chamber Of CommerceEXEMPT PURPOSES | Newburyport, MA | $5K | 2022 |
| The House Of The Seven Gables Settlement AssociationEXEMPT PURPOSES | Salem, MA | $5K | 2022 |
| West End House IncEXEMPT PURPOSES | Allston, MA | $4K | 2022 |
| Friends Of Concordcarlisle FootballEXEMPT PURPOSES | Concord, MA | $4K | 2022 |
| Ymca Of Metro NorthEXEMPT PURPOSES | Peabody, MA | $4K | 2022 |
| Essex County Community FoundationEXEMPT PURPOSES | Danvers, MA | $4K | 2022 |
| Latino Support Network IncEXEMPT PURPOSES | Woburn, MA | $4K | 2022 |
| Thompson Island Outward Bound Education CenterEXEMPT PURPOSES | Boston, MA | $4K | 2022 |
| Brockton Area Multi Services IncEXEMPT PURPOSES | Brockton, MA | $4K | 2022 |
| Lynn Community Health CenterEXEMPT PURPOSES | Lynn, MA | $4K | 2022 |
| Healing Abuse Working For ChangeEXEMPT PURPOSES | Salem, MA | $4K | 2022 |
| Beverly School For The DeafEXEMPT PURPOSES | Beverly, MA | $3K | 2022 |
| Greater Lowell CommunityEXEMPT PURPOSES | Lowell, MA | $3K | 2022 |
| Colleen E Ritzer Memorial Fund IncEXEMPT PURPOSES | Andover, MA | $3K | 2022 |
| Citizens Inc IncEXEMPT PURPOSES | Peabody, MA | $3K | 2022 |
| Christian Community Service Of North ReadingEXEMPT PURPOSES | North Reading, MA | $3K | 2022 |
| Eliot Community Human ServicesEXEMPT PURPOSES | Lexington, MA | $3K | 2022 |
| La Vida IncEXEMPT PURPOSES | Lynn, MA | $3K | 2022 |
| North Shore Rovers IncEXEMPT PURPOSES | Swampscott, MA | $3K | 2022 |
| People Helping People IncEXEMPT PURPOSES | Burlington, MA | $3K | 2022 |
| Boys And Girls Club Of Greater Billerica IncEXEMPT PURPOSES | Billerica, MA | $3K | 2022 |
| Boys & Girls Club Of Greater SalemEXEMPT PURPOSES | Salem, MA | $3K | 2022 |
| Morgan Memorial Goodwill Industries IncEXEMPT PURPOSES | Boston, MA | $3K | 2022 |
| Neighborworks Soma Realty IncEXEMPT PURPOSES | Quincy, MA | $3K | 2022 |
| North Shore Community College Foundation IncEXEMPT PURPOSES | Danvers, MA | $3K | 2022 |
| Acord IncEXEMPT PURPOSES | Hamilton, MA | $3K | 2022 |
| North Shore Moving MarketEXEMPT PURPOSES | Salem, MA | $3K | 2022 |
| Friends Of Northshore Education ConsortiumEXEMPT PURPOSES | Beverly, MA | $3K | 2022 |
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