Cambridge Savings Charitable
Cambridge Savings Charitable Foundation Inc is a private foundation established in 2003 and based in Cambridge, Massachusetts. The foundation is organized to support human services, affordable housing, and community development. It is a company-sponsored foundation affiliated with Cambridge Savings Bank.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-17.1% YoY
Annual Giving
$1.9M
-28.9% YoY
Grant Count
1
-99.6% YoY
Avg Grant Size
$1.9M
+16598.1% YoY
Mission & Focus Areas
The foundation's mission is to improve and enrich the lives of under-resourced neighbors served by Cambridge Savings Bank across four counties: Middlesex, Suffolk, Essex, and Norfolk.
Primary funding areas include:
- Affordable housing, shelters, and transitional housing
- Food insecurity
- Arts and culture
- Education
- Health
- Housing and community development
- Human services
- Youth and recreation
- College scholarships for graduating high school seniors
Grantmaking
Cambridge Savings Bank and the Cambridge Savings Charitable Foundation have implemented web-based applications for nonprofit organizations to request charitable donations, including grants, sponsorships, and in-kind donations. All requests must be submitted via the online Grant Application. Questions about the application process can be directed to communityrelations@cambridgesavings.com.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation serves four counties: Middlesex, Suffolk, Essex, and Norfolk in Massachusetts.
The foundation awards college scholarships to graduating high school seniors from the following municipalities: Acton, Arlington, Bedford, Belmont, Burlington, Cambridge, Concord, Lexington, Lincoln, Medford, Newton, Somerville, Waltham, Watertown, Winchester, and Woburn.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $1,565,166
- Total revenues: -$656,672
- Total expenses: $3,098,006
- Total grants made: $4,360,000
Recent asset figures:
- Total assets: $1,297,965 (per 2024 filing)
- Total giving: $1,920,493
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,297,965 | $1,565,166 | $5,546,818 |
| Revenue | $1,508,208 | $-656,672 | $4,036,746 |
| Expenses | $2,024,966 | $3,098,006 | $2,359,497 |
| Qualifying Distributions | $1,968,318 | $2,740,156 | $2,326,497 |
| Net Investment Income | $389,171 | $121,702 | $1,023,317 |
| Distributable Amount | $77,477 | $84,871 | $145,851 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
201 grants across all recorded years
Open Grants
2 open opportunities from Cambridge Savings Charitable
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANNE ADAMS CUSHMAN | DIRECTOR | 1 | $10,000 |
| ROBERT P REARDON | DIRECTOR | 1 | $10,000 |
| ROBERT RAMSEY | DIRECTOR | 1 | $10,000 |
| ROBERT M WILSON | DIRECTOR | 1 | $10,000 |
| RYAN A BAILEY | PRESIDENT/DIRECTOR/CHAIRMAN | 1 | — |
| STEPHEN J COUKOS | CLERK | 1 | — |
| PETER F FOLAN | DIRECTOR (AS OF 9/25/2024) | 1 | $4,000 |
| Daniel J Carey | TREASURER | 1 | — |
Recent News & Activity
Recent developments and announcements
In 2023, Cambridge Savings Bank and Franklin Cummings Tech launched a scholarship fund to remove barriers for students facing financial hardships.
Cambridge Savings Bank and Franklin Cummings Tech Launch Scholarship FundCambridge Savings Bank gifted $25,000 to Chesterbrook Community Foundation to empower local youth.
Cambridge Savings Bank and Franklin Cummings Tech Launch Scholarship FundSubject 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.
What could you do with Cambridge Savings Charitable on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities