Cambridge Savings Charitable
Cambridge Savings Charitable is a private foundation based in Cambridge, Massachusetts, established by Cambridge Savings Bank. It supports charitable work serving under-resourced neighbors in Middlesex, Suffolk, Essex, and Norfolk counties, with a focus on affordable housing, shelters, transitional housing, and food insecurity.
Cambridge Savings Charitable at a glance
In short: Cambridge Savings Charitable gave $1.8M across 205 grants in 2025 (avg $9K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,784,139
- -7.1% vs 2024
- Grants made (2025)
- 205
- +20400.0% vs 2024
- Average grant
- $8,703
- -99.5% vs 2024
- Median grant
- $4,000
- Total assets
- $946,972
- -27.0% 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 Cambridge Savings Charitable
- Accepts unsolicited proposals
- No
- How to Apply
-
The Foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Its website says grant and sponsorship requests are submitted through online applications.
- Review Cycle
- The board meets quarterly, with submission deadlines of April 15, July 15, September 30, and December 31; the website notes that dates are subject to change.
- Deadline
- The board meets quarterly, with submission deadlines of April 15, July 15, September 30, and December 31; the website…
- Next open deadline
- December 31, 2026 (Cambridge Savings Charitable Foundation Grants)
- Contact
Mailing address: 1374 Massachusetts Avenue, Cambridge, MA 02138
Phone: (617) 864-7000
Website: https://cambridgesavings.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
2 open opportunities from Cambridge Savings Charitable
Cambridge Savings Bank Sponsorships Grant
Cambridge Savings Charitable
Amount
Up to US $2,500
Deadline
Deadline not published
Cambridge Savings Charitable Foundation Grants
Cambridge Savings Charitable
Amount
US $1,000 - US $5,000
Deadline
December 31, 2026
Listed date — confirm with the funder
Who Cambridge Savings Charitable funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Just-a-Start Corporation ($100K). Together the top 10 received $542K.
Grant Size Distribution
916 grants across all recorded years
The most common grant size was under $50K: 875 grants of 916 (96%).
Geographic Focus
Where this funder awards grants
The Foundation’s stated service area is Middlesex, Suffolk, Essex, and Norfolk counties in Massachusetts. Its 2025 grant recipients were all located in Massachusetts.
Grant Distribution by State
Share of 2025 grant dollars across all 205 itemized grants.
States
Cities
How Cambridge Savings Charitable gives
- Giving fell 22% from 2022 to 2025. Method
- In 2025 it paid out well above 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 $1.8M (2025) to $2.7M (2023). In 2025 it made 205 grants totaling $1.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Just-a-Start Corporation Cambridge, MA | Exempt Purpose | $100,000 |
| Bridges Homeward (Formerly Cambridge Family & Children's Service (CFCS)) Cambridge, MA | Exempt Purpose | $75,250 |
| Tech Goes Home Boston, MA | Exempt Purpose | $75,000 |
| Asian Community Development Corporation (Acdc) Boston, MA | Exempt Purpose | $50,000 |
| Food for Free Committee Inc Somerville, MA | Exempt Purpose | $41,250 |
| Action for Boston Community Development Boston, MA | Exempt Purpose | $40,000 |
| Allston-Brighton CDC Boston, MA | Exempt Purpose | $40,000 |
| Neighborhood of Affordable Housing (Noah) Boston, MA | Exempt Purpose | $40,000 |
| Urban Edge Housing Corporation Roxbury, MA | Exempt Purpose | $40,000 |
| Watch Community Development Corporation Waltham, MA | Exempt Purpose | $40,000 |
Ready to take the next step with Cambridge Savings Charitable?
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 | $946,972 | $1,351,341 | $1,722,891 | $1,784,139 | 205 | $1,819,839 | $175,459 | $72,824 |
| 2024 | $1,297,965 | $1,508,208 | $2,024,966 | $1,920,493 | 1 | $1,968,318 | $389,171 | $77,477 |
| 2023 | $1,565,166 | $-656,672 | $3,098,006 | $2,702,796 | 235 | $2,740,156 | $121,702 | $84,871 |
| 2022 | $5,546,818 | $4,036,746 | $2,359,497 | $2,297,628 | 240 | $2,326,497 | $1,023,317 | $145,851 |
| 2021 | $3,952,060 | $3,756,089 | $1,924,276 | $1,895,914 | 235 | $1,924,276 | $1,266,005 | $101,139 |
| 2020 | $1,704,275 | $1,430,299 | $2,052,986 | $2,022,113 | 228 | — | $167,478 | $87,782 |
Under IRS private-foundation payout rules, Cambridge Savings Charitable reported a distributable amount of $73K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation’s stated mission is to enrich the lives of underserved neighbors in the four Massachusetts counties it serves. Its stated grant focus areas are affordable housing, shelters, transitional housing, and food insecurity.
Its 2025 grantees illustrate the kinds of work it supports. JUST-A-START CORPORATION describes its mission as promoting equity through stable housing and pathways to economic opportunity. FOOD FOR FREE COMMITTEE INC says it improves access to healthy food and strengthens the community food system. URBAN EDGE HOUSING CORPORATION says it builds affordable housing and vibrant neighborhoods, while SOMERVILLE HOMELESS COALITION INC describes providing supportive services and housing solutions to homeless and near-homeless people.
Grantmaking
In 2025, the Foundation reported 205 grants totaling $1,784,139. Individual grants ranged from $21 to $100,000, with a median of $4,000. The largest listed awards included $100,000 to JUST-A-START CORPORATION, $75,250 to BRIDGES HOMEWARD, $75,000 to TECH GOES HOME, $50,000 to ASIAN COMMUNITY DEVELOPMENT CORPORATION, and $41,250 to FOOD FOR FREE COMMITTEE INC. All reported 2025 grant dollars went to recipients in Massachusetts.
The filing reports $2,702,796 across 235 grants in 2023 and $1,920,493 across one grant in 2024. The Foundation’s website says it has awarded over $20 million in grants since 2003.
The website describes grants of up to $5,000 per nonprofit per calendar year and sponsorships of up to $2,500. Its eligibility guidelines specify 501(c)(3) nonprofits serving low-to-moderate-income residents in Middlesex, Suffolk, Essex, or Norfolk counties, with requests tied to a specific program or project. It typically makes no more than one donation or sponsorship per organization per calendar year. Requests for operating funds or annual appeals are among those not considered; the website lists additional exclusions, including certain political, governmental, and religious requests and requests from organizations that discriminate.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists RYAN BAILEY as chairman of the board and ROBERT P REARDON and ROBERT RAMSEY as directors. PETER FOLAN and JOHN P DIGIOVANNI are listed as directors as of June 2025. ANNE ADAMS CUSHMAN and ROBERT M WILSON are listed as directors whose terms ended in March 2025.
Cambridge Savings Charitable is led by Ryan A. Bailey, Chairman of the Board since 2025 (on filings since 2024); 6 of 7 officers listed in 2025 are compensated.
Officers on the 2025 filing
Ryan A. Bailey
Chairman of the Board
President, Director & Chairman → Chairman of the Board, 2025
On filings since 2024
1 hr/week
No compensation reported
Anne Adams Cushman
Director
On filings since 2020
1 hr/week
$6K (2020) → $2K (2025)
Robert M. Wilson
Director
On filings since 2020
1 hr/week
$6K (2020) → $2K (2025)
Robert P. Reardon
Director
Director → Chairman of the Board, 2022
Chairman of the Board → Director, 2023
On filings since 2020
1 hr/week
$7K (2020) → $8K (2025)
Robert Ramsey
Director
On filings since 2020
1 hr/week
$7K (2020) → $8K (2025)
Peter F. Folan
Director
On filings since 2024
1 hr/week
$4K (2024) → $6K (2025)
John P. Digiovanni
Director
New on the 2025 filing
1 hr/week
$6K (2025)
Former officers (9)
- Former: Stephen J. Coukos (2020–2024) — Clerk
- Former: Daniel J Carey (2022–2024) — Treasurer
- Former: Jeri Foutter (2020–2023) — Vice President & Assistant Clerk
- Former: Michael Gilles (2020–2023) — Executive Vice President, COO, CFO, Treasurer & Assistant Clerk
- Former: Wayne F. Patenaude (2020–2023) — President, CEO & Chairman
- Former: Charles O. Lyons Passed Away (2023) — Director
- Former: Charles O. Lyons (2021–2022) — Director
- Former: Dana Philbrook (2020–2021) — Senior Vice President & Controller
- Former: Charlie Lyons (2020) — Director
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 $8K, to Robert P Reardon (Director). 6 officers or directors reported compensation on that filing.
Frequently asked questions about Cambridge Savings Charitable
How much does Cambridge Savings Charitable give each year?
Cambridge Savings Charitable gave $1.8M across 205 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.9M across 1 grant.
What is Cambridge Savings Charitable's typical grant size?
Cambridge Savings Charitable's median grant in 2025 was $4,000, and its average grant was $8,703, across 205 grants on its 2025 IRS Form 990-PF.
Where does Cambridge Savings Charitable give grants?
Cambridge Savings Charitable gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (47 grants), Cambridge, MA (24 grants), Somerville, MA (11 grants) and Waltham, MA (8 grants).
Who are Cambridge Savings Charitable's largest grantees?
Cambridge Savings Charitable's largest 2025 grantees include Just-a-Start Corporation ($100,000), Bridges Homeward (Formerly Cambridge Family & Children's Service (CFCS)) ($75,250) and Tech Goes Home ($75,000), according to its 2025 IRS Form 990-PF. Together they received 14% of its itemized 2025 grant dollars.
How large is Cambridge Savings Charitable?
Cambridge Savings Charitable reported $947K in total assets on its 2025 IRS Form 990-PF. It paid out $1.8M in qualifying distributions that year, against a required minimum of $73K (roughly 5% of its investment assets).
What does Cambridge Savings Charitable fund?
The Foundation’s stated mission is to enrich the lives of underserved neighbors in the four Massachusetts counties it serves. Its stated grant focus areas are affordable housing, shelters, transitional housing, and food insecurity. See mission & focus areas ↑
How do I apply for a grant from Cambridge Savings Charitable?
The Foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Cambridge Savings Charitable's EIN?
Cambridge Savings Charitable's EIN (Employer Identification Number) is 48-1307731. IRS Form 990 filing data is available on this page for 2020–2025.
Does Cambridge Savings Charitable accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
Explore Open Grants
Browse active grant opportunities in Cambridge Savings Charitable's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Cambridge Savings Charitable funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/cambridge-savings-charitable-morg_bd4c5b2490cb4157a3dab02d74b8bd39
BibTeX
@misc{grantable_481307731_2026,
author = {{Grantable}},
title = {{Cambridge Savings Charitable funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/cambridge-savings-charitable-morg_bd4c5b2490cb4157a3dab02d74b8bd39},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Cambridge Savings Charitable's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Cambridge Savings Charitable down — hundreds of funders to go?