Bay State Savings Charitable
Bay State Savings Charitable is a private foundation, based in Worcester, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $140K in total assets. In 2025, it awarded 1 grant totaling $15K. Net investment income was $729.
Bay State Savings Charitable at a glance
In short: Bay State Savings Charitable gave $15K across 1 grant in 2025 (avg $15K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $15,000
- Grants made (2025)
- 1
- Average grant
- $15,000
- Median grant
- $15,000
- Total assets
- $139,545
- +8.5% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Bay State Savings Charitable funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Worcester Public Schools ($15K).
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 27 grants of 27 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Bay State Savings Charitable gives
- Giving held roughly steady from 2022 to 2025 (−14%). Method
- In 2025 it paid out 659% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $13K (2023) to $18K (2022). In 2025 it made 1 grant totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Worcester Public Schools Worcester, MA | General Operating Support | $15,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $139,545 | $56,125 | $45,167 | $15,000 | 1 | $44,324 | $729 | $6,724 |
| 2024 | $128,582 | $3,058 | $1,218 | — | — | $631 | $1,320 | $6,270 |
| 2023 | $126,742 | $31,906 | $14,623 | $13,469 | 8 | $14,073 | $256 | $5,114 |
| 2022 | $109,459 | $31,327 | $18,585 | $17,500 | 10 | $18,060 | — | $4,487 |
| 2021 | $96,717 | $31,123 | $16,010 | $15,000 | 8 | $15,425 | — | $3,675 |
| 2020 | $81,604 | $31,164 | $17,215 | $16,230 | 11 | — | — | $3,386 |
Under IRS private-foundation payout rules, Bay State Savings Charitable reported a distributable amount of $7K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Bay State Savings Charitable is led by Seth A Pitts, President on filings since 2023; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Seth A Pitts
President
On filings since 2023
1 hr/week
No compensation reported
George F Sullivan Jr.
Director
On filings since 2020
1 hr/week
No compensation reported
Jay Z Aframe
Director
On filings since 2020
1 hr/week
No compensation reported
John E Graham
Director
On filings since 2020
1 hr/week
No compensation reported
Cheri E Carty
Treasurer & Clerk
Treasurer → Treasurer & Clerk, 2024
On filings since 2020
1 hr/week
No compensation reported
Former officers (2)
- Former: Diane Giampa (2020–2024) — President
- Former: Peter B Alden (2020–2023) — President
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Bay State Savings Charitable
How much does Bay State Savings Charitable give each year?
Bay State Savings Charitable gave $15K across 1 grant in 2025, according to its 2025 IRS Form 990-PF.
How large is Bay State Savings Charitable?
Bay State Savings Charitable reported $140K in total assets on its 2025 IRS Form 990-PF. It paid out $44K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).
Where does Bay State Savings Charitable operate?
Bay State Savings Charitable has awarded grants in Massachusetts, Minnesota.
What is Bay State Savings Charitable's EIN?
Bay State Savings Charitable's EIN (Employer Identification Number) is 80-0038576. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 26, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 28, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 4, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 14, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Bay State Savings Charitable funds
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