Belmont Savings Bank Foundation

Private foundation · Grantmaker Belmont, MA EIN: 45-3029284

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.

Key facts about Belmont Savings Bank Foundation

In short: Belmont Savings Bank Foundation gave $10K across 1 grant in 2025 (avg $10K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.

EIN
45-3029284
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$10,000
Grants made (2025)
1
Average grant
$10,000
Median grant
$10,000
Total assets
$927,105
Primary geography
Massachusetts (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$927K

-1.4% YoY

Annual Giving

$10K

-99.7% YoY

Grant Count

1

-50.0% YoY

Avg Grant Size

$10K

-99.3% YoY

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.

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.

Open Grants

1 open opportunity from Belmont Savings Bank Foundation

Your AI grants department

Ready to take the next step with Belmont Savings Bank Foundation?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

Cities

BelmontLincoln

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M4 grants2020 5 grants2021 7 grants2022 4 grants2023 2 grants2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $10K (2025) to $2.9M (2024). In 2025 it made 1 grant totaling $10K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Belmont Education Foundation: $10KBelmont Education Foundation$10K

The largest 2025 recipient was Belmont Education Foundation ($10K).

Grant Size Distribution

19 grants across all recorded years

16<$50K1$50–100K1$100–250K$250–500K$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 16 grants of 19 (84%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Belmont Education Foundation Belmont, MAOutstanding teacher awards$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$927,105$940,101$3,744,608
Revenue$35,906$166,837$5,445,171
Expenses$48,902$2,970,246$296,853
Qualifying Distributions$46,826$2,896,477$289,354
Net Investment Income$34,531$165,512$5,443,921
Distributable Amount$45,264$154,402$163,776

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS October 20, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
  7. IRS filings on file for fiscal years 2020–2024

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

Hal R Tovin — Secretary: $2KHal R TovinSecretary$2KRobert J Morrissey — Chairman: $1KRobert J MorrisseyChairman$1KM Patricia Brusch — Treasurer: $1KM Patricia BruschTreasurer$1KS Warren Farrell — Director: $1KS Warren FarrellDirector$1K

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.

Your AI grants department

Here's the math on researching Belmont Savings Bank Foundation by hand.

Explore Open Grants

Browse active grant opportunities in Belmont Savings Bank Foundation's focus areas in our free grants database

Similar Funders

Funders with grantees in common, and similar funders in Massachusetts

The Bigbird Fund

Boston, MA

The Bigbird Fund supports a varied mix of charitable organizations, including arts, education, health, food relief, and conservation groups, primarily in Massachusetts and Rhode Island, with some grants elsewhere. Its 2025 grants ranged from $1,000 to $34,000, with a median of $6,700. It does not accept unsolicited requests and gives only to preselected organizations.

Human Services

Assets

$5K

Grants

20

Total Given

$175K

Edmund & Betsy Cabot Charitable Fndn

Boston, MA

The Edmund & Betsy Cabot Charitable Foundation is based in Boston, Massachusetts, but its filings do not identify specific charitable fields or geographic priorities. Recent filings report one grant each year, ranging from $487,200 to $541,900, to Fidelity Charitable Fund; the 2022 filing instead reported 197 grants. The profile does not state whether it accepts unsolicited requests.

Assets

$8.2M

Grants

1

Total Given

$542K

The Alan K and Isabelle DerKazarian Fdn

Belmont, MA

The Alan K. and Isabelle DerKazarian Foundation supports education, healthcare, Armenian culture, humanitarian causes, and local community organizations, with a focus on Greater Boston and opportunities across Massachusetts. In 2024, it made 49 grants ranging from $1,000 to $60,000, with a median grant of $2,000. It accepts unsolicited requests from organizations; applications are due by November 30.

Philanthropy, Voluntarism & Grantmaking

Assets

$1.4M

Grants

49

Total Given

$279K

The Dorothea Royer Endicott Charitable

Boston, MA

Philanthropy, Voluntarism & Grantmaking

Assets

$790K

Grants

4

Total Given

$22K

The Simsmaes Foundation Inc

Boston, MA

The Simsmaes Foundation funds preselected charitable organizations in areas including education, conservation, health, community services, and culture, with most 2025 grant dollars going to Massachusetts and California organizations. In 2025, grants ranged from $1,000 to $1,049,960, with a median of $2,000; it does not accept unsolicited funding requests.

Philanthropy, Voluntarism & Grantmaking

Assets

$34.1M

Grants

35

Total Given

$1.7M

Liberty Mutual Foundation Inc

Boston, MA

Liberty Mutual Foundation funds nonprofits working on basic needs such as food and shelter, education and workforce development, and climate and community infrastructure, primarily in the Boston area, with grants also made in other states. Its 2024 grants had a median of $35,000 and ranged from $2,500 to $11 million; it accepts online applications on a rolling basis, with no stated deadlines.

Philanthropy, Voluntarism & Grantmaking

Assets

$46.1M

Grants

706

Total Given

$50.6M

Living Springs Foundation

Minneapolis, MN

The foundation supported a range of charitable work, with a primary focus on New England communities; its 2025 grants included environmental protection, public media, civil liberties, education, and land conservation. Grants ranged from $500 to $277,112, with a median of $5,000. It terminated operations on December 31, 2025, so it is no longer accepting requests; its filing’s application instructions are outdated.

Philanthropy, Voluntarism & Grantmaking

Assets

—

Grants

111

Total Given

$1.5M

Sensata Technologies Foundation Inc

Attleboro, MA

The foundation funds local nonprofit STEM education and community programs in places where Sensata Technologies or its employees have a significant presence, favoring specific projects over general operating support. Grants typically range from $500 to $25,000, with a median of $10,000; it accepts applications online and does not limit giving to preselected organizations.

Philanthropy, Voluntarism & Grantmaking

Assets

$228K

Grants

116

Total Given

$1.2M

Lovett-Woodsum Foundation Inc

Boston, MA

The foundation supports a range of charitable organizations, including those in education and career development, the arts, animal welfare, family support, conservation, and ecology. Its 2024 grants had a median of $8,000 and ranged from $7 to $400,000; most funding went to Massachusetts, followed by New Hampshire. It gives only to preselected organizations and does not accept unsolicited requests.

Assets

$87.6M

Grants

85

Total Given

$1.9M

Boston Foundation Inc

Boston, MA

The Boston Foundation funds equity-focused work in child well-being, economic opportunity, community wealth, and community leadership, primarily in Greater Boston. Its 2025 grants had a median of $25,000, while specific programs offer awards from up to $15,000 to $50,000; it accepts applications through some competitive initiatives, but whether it accepts unsolicited requests generally is not stated.

Assets

$2.1B

Grants

2,375

Total Given

$228.4M

Eastern Bank Foundation

Wakefield, MA

Eastern Bank Foundation funds systemic efforts to advance economic inclusion and mobility, including small-business equity, early childhood development, affordable housing, and workforce development. Its programs range from $1,000–$10,000 for Community Donations, up to $15,000 for CITC Grants, and $50,000–$150,000 for Impact Grants; it supports organizations primarily in Massachusetts, New Hampshire, and Rhode Island. The foundation accepts online applications, with no specific submission deadlines stated.

Assets

$266.7M

Grants

1,786

Total Given

$19.0M

More Funders in Massachusetts

Belmont Savings Bank Foundation down — hundreds of funders to go?

Want AI to do this for you?