Edwin S Webster Foundation
- Assets
- $42.5m
- Revenue
- $3.3m
- Investments
- $39.4m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/1949
- Data as of
- 12/2022
- EIN
- 04-6000647
Organization Overview
Edwin S Webster Foundation is located in Boston, MA. The organization was established in 1949. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edwin S Webster Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Edwin S Webster Foundation generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Edwin S Webster Foundation has awarded 468 individual grants totaling $12,202,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander W Hiam Trustee | 5 | $12,000 | |
Henry U Harris III Trustee | 5 | $12,000 | |
Suzanne Harte Sears Trustee | 5 | $12,000 | |
Thomas C Beck Trustee | 5 | $12,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gma Foundations | 12/30/18 | $52,584 |
Birch Hill Investment Advisors Llc | 12/30/18 | $74,506 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32,437 |
| Dividends & Interest | $799,203 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,446,519 |
| Capital Gain Net Income | $2,651,936 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $386 |
| Total Revenue | $3,278,545 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $67,019 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,736 |
| Printing and publications | $0 |
| Other expenses | $740 |
| Total operating and administrative expenses | $326,749 |
| Contributions, gifts, grants paid | $2,285,000 |
| Total expenses and disbursements | $2,611,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,843 |
| Savings and temporary cash investments | $3,043,243 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,930,739 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,500,043 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Edwin S Webster Foundation has awarded $2,285,000 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
BENNINGTON MUSEUM PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
BETSY'S PARK PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BOSTON CHILDRENS HOSPITAL PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
BOSTON SYMPHONY ORCHESTRA PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
BOYS & GIRLS CLUBS OF BOSTON PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
CANCER CARE FOUNDATION OF TIDEWATER PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |