Edwin S Webster Foundation
- Assets
- $50.4m
- Revenue
- $3.9m
- Investments
- $49.8m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/1949
- Data as of
- 12/2021
- 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 12/2021, Edwin S Webster Foundation generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 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 398 individual grants totaling $9,917,500. 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 |
|---|---|---|---|
Suzanne Harte Sears Trustee | 5 | $12,000 | |
Henry U Harris III Trustee | 5 | $12,000 | |
Alexander W Hiam 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 | $142 |
| Dividends & Interest | $759,189 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,106,368 |
| Capital Gain Net Income | $3,399,827 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,865,699 |
| 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 | $49,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $341 |
| Printing and publications | $0 |
| Other expenses | $902 |
| Total operating and administrative expenses | $305,324 |
| Contributions, gifts, grants paid | $1,955,000 |
| Total expenses and disbursements | $2,260,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,069 |
| Savings and temporary cash investments | $459,166 |
| 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 | $5,370,051 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $50,353,144 |
| 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 $1,955,000 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
Plymouth, NH PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
BOSTON CHILDRENS HOSPITAL PURPOSE: GENERAL OPERATING SUPPORT | $60,000 |
SCHEPENS EYE RESEARCH INSTITUTE INC PURPOSE: GENERAL OPERATING SUPPORT | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |