Berkshire Bank Foundation Inc
Berkshire Bank Foundation Inc is a private independent foundation and the philanthropic arm of Berkshire Bank, headquartered in Pittsfield, Massachusetts. Established in 1997, the foundation strengthens and improves quality of life in communities where Berkshire Bank operates by supporting nonprofit organizations across a five-state footprint. The foundation resulted from a 2009 merger of Berkshire Bank Foundation and Berkshire Bank Foundation - Pioneer Valley into Greater Berkshire Foundation, Inc., which was subsequently renamed Berkshire Bank Foundation, Inc. in December 2009.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17.1M
-8.4% YoY
Annual Giving
$2.0M
-20.6% YoY
Grant Count
478
-20.6% YoY
Avg Grant Size
$4K
+0.0% YoY
Mission & Focus Areas
The foundation supports organizations involved with:
- Arts and culture
- Environmental education
- Employment and workforce development
- Housing and affordable housing
- Mentoring
- Human services
- Immigrant advocacy
- Military and veterans support
- Programs serving economically disadvantaged people
Special emphasis is directed toward programs designed to promote education and community economic development, including financial literacy, job readiness, small business support, and neighborhood revitalization.
Grantmaking
The foundation does not support:
Grant Range
$100 to $100,000, with typical grants between $100-$10,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation operates across a five-state footprint:
- Massachusetts (61% of grants)
- New York
- Connecticut
- Rhode Island
- Vermont
Grants are distributed within counties served by Berkshire Bank's operations.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $18.6 million
- Total revenues: $2.01 million
- Total expenses: $3.3 million
- Total liabilities: $637,000
As of 2024:
- Total assets: $17.1 million to $21.9 million (varying reports)
- Total giving: $1.7 million to $3.4 million (varying reports)
Investment Income: The foundation generates revenue through investment income and dividends.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,076,020 | $18,644,149 | $19,742,211 |
| Revenue | $1,005,693 | $2,013,457 | $1,247,630 |
| Expenses | $2,258,440 | $3,296,244 | $3,375,653 |
| Qualifying Distributions | $2,139,631 | $2,998,033 | $3,359,878 |
| Net Investment Income | $899,384 | $1,901,946 | $1,120,724 |
| Distributable Amount | $1,002,510 | $1,018,036 | $1,184,045 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
152 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Sean A Gray – Chairman
- Thomas R Barney – Vice-Chair
- Michael King – Treasurer
- Lorelei Kiely – Secretary (40 hours/week, $218,000 compensation)
- Donna Evan – Trustee
- Erin Boggan – Trustee
- Laurie Norton Moffatt – Trustee
- Angela Dixon – Trustee
- Lori Kiely – Managing Director of the Berkshire Bank Foundation
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DONNA EVAN | TRUSTEE | — | — |
| JOHN LAFLEUR | TREASURER | — | — |
| LORELEI KIELY | SECRETARY | 40 | $249,710 |
| SEAN A GRAY | CHAIRMAN | — | — |
| ERIN BOGGAN | TRUSTEE | — | — |
| LAURIE NORTON MOFFATT | TRUSTEE | — | — |
| GARY LEVANTE | TRUSTEE | — | — |
| THOMAS R BARNEY | VICE-CHAIR | — | — |
Recent News & Activity
Recent developments and announcements
**2024:**
Invested more than $1.7 million to nearly 400 nonprofits across its five-state footprint
Berkshire Bank Foundation grants $1.7 million to nearly 400 nonprofits inIn Q3 2024, invested more than $350,000 in 100 nonprofit organizations across Massachusetts, New York, Connecticut, Rhode Island, and Vermont
Nearly $400,000 Invested in Local Nonprofits by Berkshire Bank FoundationIn Q2 2024, provided nearly $400,000 in grants and giving
Berkshire Bank Foundation grants $1.7 million to nearly 400 nonprofits in**2023:**
Distributed nearly $2.5 million to over 500 organizations
Berkshire Bank Foundation grants $1.7 million to nearly 400 nonprofits inAnnounced nearly $2.5 million in total philanthropy for the year
Berkshire Bank Foundation grants $1.7 million to nearly 400 nonprofits in**Distribution by Sector (Recent Years):**
Social & Human Services: approximately 28% of giving
Community Development: approximately 17% of giving
Education: approximately 16% of giving
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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