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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. Total assets have grown from $722K in 2011 to $15M in 2023. The foundation is governed by 7 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Massachusetts. 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 N/A to $30K, with an average award of $2K. The foundation has supported 487 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.
Smallest Grant
N/A
Median Grant
$900
Average Grant
$1K
Largest Grant
$25K
Based on 249 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.
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 N/A 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 | N/A |
| Donald A Sadoski Dmd | DIRECTOR | $0 | $0 | N/A |
| Brian W Shaughnessy | CLERK/TREASURER | $0 | $0 | N/A |
| Daniel E Clasby | DIRECTOR | $0 | $0 | N/A |
| Catherine L Oatway | DIRECTOR | $0 | $0 | N/A |
| Joseph M Gibbons | DIRECTOR | $0 | $0 | N/A |
| Peter C Gourdeau | DIRECTOR | $0 | $0 | N/A |
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
487
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Stephen Phillips Memorial Scholarship Funds IncEXEMPT PURPOSES | Boston, MA | $30K | 2022 |
| Stoneham Theatre CorpEXEMPT PURPOSES | Stoneham, MA | $25K | 2022 |
| Peabody Essex MuseumEXEMPT PURPOSES | 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 |
| Boys And Girls Club Of StonehamEXEMPT PURPOSES | Stoneham, MA | $5K | 2022 |
| The Community HouseEXEMPT PURPOSES | South Hamilton, MA | $5K | 2022 |
| The Salem AthenaeumEXEMPT PURPOSES | Salem, MA | $5K | 2022 |
| Newburyport Chamber Of CommerceEXEMPT PURPOSES | Newburyport, MA | $5K | 2022 |
| My Brother'S TableEXEMPT PURPOSES | Lynn, MA | $5K | 2022 |
| Nafa FoundationEXEMPT PURPOSES | Washington, DC | $5K | 2022 |
| Ymca Of Greater BostonEXEMPT PURPOSES | Boston, MA | $5K | 2022 |
| Root Ns IncEXEMPT PURPOSES | Salem, MA | $5K | 2022 |
| Essex National Heritage Commission IncEXEMPT PURPOSES | Salem, MA | $5K | 2022 |
| Be Like Brit Foundation IncEXEMPT PURPOSES | Worcester, 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 |