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The Willowbank Foundation is a private trust based in MARBLEHEAD, MA. The foundation received its IRS ruling in 1997. The principal officer is Tonneson & Co. It holds total assets of $1.7M. Annual income is reported at $372K. Total assets have grown from $896K in 2011 to $1.8M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of human services. Tax records are available from 2016 to 2023. According to available records, The Willowbank Foundation has made 3 grants totaling $225K, with a median grant of $100K. Individual grants have ranged from $25K to $100K, with an average award of $75K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Pennsylvania and Massachusetts and Florida. Contributions to this foundation are tax-deductible.
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.
The Willowbank Foundation primarily funds organizations in the area of human services. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in PA, MA, FL.
The Willowbank Foundation has distributed a total of $225K across 3 grants. The median grant size is $100K, with an average of $75K. Individual grants have ranged from $25K to $100K.
Makes grants to 501(c)(3) organizations.
The Willowbank Foundation is headquartered in MARBLEHEAD, MA. While based in MA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Frances R Lockwood | TRUSTEE | $0 | $0 | N/A |
| Stephen J Lockwood | TRUSTEE | $0 | $0 | N/A |
Total Giving
$235K
Total Assets
$1.8M
Fair Market Value
$1.9M
Net Worth
$1.8M
Grants Paid
$225K
Contributions
N/A
Net Investment Income
$300K
Distribution Amount
$90K
Total: $1.7M
Total Grants
3
Total Giving
$225K
Average Grant
$75K
Median Grant
$100K
Unique Recipients
3
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Catholic Schools FoundationFOR UNRESTRICTED USE IN TAX EXEMPT PURPOSE | Boston, MA | $100K | 2023 |
| Gwynedd Mercy Academy High SchoolFOR UNRESTRICTED USE IN TAX EXEMPT PURPOSE | Lower Gwynedd, PA | $100K | 2023 |
| Neighborhood Health ClinicFOR UNRESTRICTED USE IN TAX EXEMPT PURPOSE | Naples, FL | $25K | 2023 |