Webster Bank Charitable Foundation
(3 yrs)
About
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $4,450,630. This amount represents 25% or more of the Foundation's net assets of $7,094,937 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2019 | N/A | $2.4M | $259K | N/A |
| 2020 | N/A | $1.7M | $1.3M | N/A |
| 2022 | $2.5M | $10.1M | $10.8M | 454 |
| 2023 | $4.0M | $7.1M | $521K | 281 |
| 2024 | $4.5M | $5.0M | $2.4M | 302 |
Grant Size Distribution
Based on 1037 grants on record
Geographic Distribution
Key Personnel
| Name | Title | Compensation |
|---|---|---|
| Kristy Berner | Dir | — |
| Marissa Weidner | Chairman, Dir, Pres | — |
| Kathleen Stanley | Executive VP, Dir | — |
| Claudia Piper | Dir | — |
| Luis Massiani | Dir, Sec | — |
| Glenn MacInnes | Dir, Treas | — |
| Amy Jakobeit | Dir | — |
| Neal Holland | Dir, Treas | — |
| Javier Evans | Dir | — |
| John Ciulla | Dir | — |
| James Blose | Dir, Sec | — |
| Marissa Mack | Officer | — |
| Beatrice Ordonez | Dir, Executive VP | — |
| Karina Saltman | Dir, Senior VP | — |
| Jennifer Sterling | Officer, VP | — |
| Lucy Amicucci | VP, Dir | — |
| June Ann Byrnes | Assistant VP, Sec | — |
| Susan Hentze | Controller, Senior VP | — |
| Benjamin Hirsh | DIR,SR VP,TREAS,CHIEF ACCT OFF | — |
| Brian Edwards | Dir, Executive VP | — |
| Michael Finn | Dir, Executive VP | — |
| Jack Kopnisky | Dir, Pres | — |
| Vincent DeLucia | Executive VP, Dir | — |
Grants Awarded (1,037 total)
| Recipient | Location | Amount | Purpose | Year |
|---|---|---|---|---|
| THE UNITED WAY OF GREATER WATERBURY INC | WATERBURY, CT | $444,428 | General & Unrestricted | 2023 |
| THE UNITED WAY OF GREATER WATERBURY INC | WATERBURY, CT | $346,732 | General & Unrestricted | 2024 |
| BANANA KELLY COMMUNITY IMPROVEMENT ASSOCIATION INC | BRONX, NY | $200,000 | Bronx Financial Access Coalition | 2024 |
| BANANA KELLY COMMUNITY IMPROVEMENT ASSOCIATION INC | BRONX, NY | $200,000 | for the Bronx Financial Access Coalition (BxFAC) | 2023 |
| WOMENS BUSINESS DEVELOPMENT COUNCIL INC | STAMFORD, CT | $150,000 | Ignite Grant Program | 2024 |
| WOMENS BUSINESS DEVELOPMENT COUNCIL INC | STAMFORD, CT | $150,000 | Small Business Equity Match Grant program | 2023 |
| CAREER RESOURCES INC | BRIDGEPORT, CT | $150,000 | The Bridge on Main | 2024 |
| CAREER RESOURCES INC | BRIDGEPORT, CT | $150,000 | program support for The Bridge on Main | 2023 |
| WOMENS BUSINESS DEVELOPMENT COUNCIL INC | STAMFORD, CT | $150,000 | Equity Match Grant Program support | 2022 |
| NATIONAL COMMUNITY REINVESTMENT COALITION INC | WASHINGTON, DC | $150,000 | National Training Academy & the Housing Counseling Network | 2022 |
| NATIONAL COMMUNITY REINVESTMENT COALITION INC | WASHINGTON, DC | $150,000 | National Training Academy & the Housing Counseling Network & conference | 2023 |
| THE EAGLE ACADEMY FOUNDATION INC | NEW YORK, NY | $101,000 | General & Unrestricted | 2022 |
| NATIONAL COMMUNITY REINVESTMENT COALITION INC | WASHINGTON, DC | $100,000 | The 2024 Just Economy Conference & the Housing Counseling Equity Fund | 2024 |
| HISPANIC COALITION OF GREATER WATERBURY INC | WATERBURY, CT | $100,000 | Webster Bank's first Finance Lab in Waterbury, CT | 2023 |
| SCO FAMILY OF SERVICES | GARDEN CITY, NY | $100,000 | Webster/SCO Finance Lab - payment 1 | 2024 |
| YWCA HARTFORD REGION INC | HARTFORD, CT | $100,000 | Finance Lab to expand the financial empowerment programs for Hartford's women | 2023 |
| THE STAMFORD PARTNERSHIP INCORPORATED | STAMFORD, CT | $100,000 | Stamford Tech Talent Pipeline | 2024 |
| BOYS AND GIRLS CLUBS OF PROVIDENCE | PROVIDENCE, RI | $100,000 | the Mobile Finance Lab | 2024 |
| ASSOCIATES FOR HUMAN SERVICES INC | TAUNTON, MA | $100,000 | Finance Lab - TASC youth Career Development Education (CDE) | 2023 |
| WAKEMAN MEMORIAL ASSOCIATION INC | FAIRFIELD, CT | $100,000 | program support for CT's 1st Webster Finance Lab | 2022 |
| YONKERS PARTNERS IN EDUCATION INC | YONKERS, NY | $100,000 | General & Unrestricted | 2022 |
| ASSOCIATES FOR HUMAN SERVICES INC | TAUNTON, MA | $100,000 | the Finance Lab | 2024 |
| BOYS AND GIRLS CLUBS OF DORCHESTER INC | DORCHESTER, MA | $100,000 | Webster/Boys & Girls Clubs of Dorchester Finance Lab | 2024 |
| HISPANIC COALITION OF GREATER WATERBURY INC | WATERBURY, CT | $100,000 | the Finance Lab | 2024 |
| YWCA HARTFORD REGION INC | HARTFORD, CT | $100,000 | Finance Lab and financial literacy programming | 2024 |