Belmont Savings Bank Foundation
Belmont Savings Bank Foundation is a private foundation, based in Belmont, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $927K in total assets. In 2025, it awarded 1 grant totaling $10K. Net investment income was $35K.
Belmont Savings Bank Foundation at a glance
In short: Belmont Savings Bank Foundation gave $10K across 1 grant in 2025 (avg $10K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $10,000
- -99.7% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $10,000
- -99.3% vs 2024
- Median grant
- $10,000
- Total assets
- $927,105
- -1.4% 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.
How to apply to Belmont Savings Bank Foundation
Open Grants
1 open opportunity from Belmont Savings Bank Foundation
Who Belmont Savings Bank Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Belmont Education Foundation ($10K).
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 16 grants of 19 (84%).
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 Belmont Savings Bank Foundation gives
- Giving fell 93% from 2022 to 2025. Method
- In 2025 it paid out 103% 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 $10K (2025) to $2.9M (2024). In 2025 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Belmont Education Foundation Belmont, MA | Outstanding teacher awards | $10,000 |
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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 | $927,105 | $35,906 | $48,902 | $10,000 | 1 | $46,826 | $34,531 | $45,264 |
| 2024 | $940,101 | $166,837 | $2,970,246 | $2,860,000 | 2 | $2,896,477 | $165,512 | $154,402 |
| 2023 | $3,744,608 | $5,445,171 | $296,853 | $190,972 | 4 | $289,354 | $5,443,921 | $163,776 |
| 2022 | $6,430,748 | $218,639 | $271,980 | $142,330 | 7 | $266,692 | $217,389 | $370,065 |
| 2021 | $6,737,081 | $261,710 | $134,502 | $41,500 | 5 | $131,298 | $261,710 | $309,161 |
| 2020 | $4,850,842 | $258,105 | $229,029 | $131,500 | 4 | — | $258,105 | $221,099 |
Under IRS private-foundation payout rules, Belmont Savings Bank Foundation reported a distributable amount of $45K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Belmont Savings Bank Foundation is led by Robert J Morrissey, Chairman on every filing since 2020; all 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
Robert J Morrissey
Chairman
On filings since 2020
0.5 hrs/week
$2K (2020) → $1K (2025)
S Warren Farrell
Director
On filings since 2020
0.5 hrs/week
$2K (2020) → $1K (2025)
Hal R Tovin
Secretary
On filings since 2020
0.5 hrs/week
$2K (2020) → $2K (2025)
M Patricia Brusch
Treasurer
On filings since 2020
0.5 hrs/week
$2K (2020) → $1K (2025)
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2K, to Hal R Tovin (Secretary). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Belmont Savings Bank Foundation
How much does Belmont Savings Bank Foundation give each year?
Belmont Savings Bank Foundation gave $10K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.9M across 2 grants.
How large is Belmont Savings Bank Foundation?
Belmont Savings Bank Foundation reported $927K in total assets on its 2025 IRS Form 990-PF. It paid out $47K in qualifying distributions that year, against a required minimum of $45K (roughly 5% of its investment assets).
Where does Belmont Savings Bank Foundation operate?
Belmont Savings Bank Foundation has awarded grants in Massachusetts.
What is Belmont Savings Bank Foundation's EIN?
Belmont Savings Bank Foundation's EIN (Employer Identification Number) is 45-3029284. 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 October 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Belmont Savings Bank Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Belmont Savings Bank Foundation's focus areas in our free grants database
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