The Bennett Family Foundation, also known as the Eleanore Bennett Charitable Trust #1 [EIN 30-6016982], is one of two charitable trusts established in 2004 by the bequest of Mabel Eleanore Newbold Bennett. Since inception, Trust #1 has awarded more than 1,100 grants totaling over $5 million. 

History

Eleanore Newbold and her brother were partners in Continental Felt, the family business headquartered in Manhattan.  In mid-life, she married Thomas Bennett, the widower next door. He was the son of Scottish immigrants and another life-long New Yorker, who rose from middle-school dropout to a successful career in the city.

In funding the Trusts, Eleanore left it up to the Trustees to chart a specific direction. The current Trustees, her grandchildren, honor her in spirit for the many ways she taught the importance of family.

Both Trusts are structured as private family foundations.

Current Trustees

The Bennett Family Foundation (Trust #1) is run solely by co-trustees Stewart and Thomas Chapin, with input from their families. There is no additional staff.

Stewart spent his career in technology marketing and product management at both large companies and several startups. Thomas spent his career in investment management, finishing as Chief Investment Officer for a private investment management firm. In addition to their work as grantmakers, they serve on the boards and advisory councils of several nonprofits in their respective regions. 

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