Centreville Savings Bank Charitable Foundation
CENTREVILLE SAVINGS BANK CHARITABLE is a private foundation based in West Warwick, Rhode Island. Established in 2008 by the Centreville Bank Board, it supports community organizations through grants and sponsorships, with the bank and foundation describing their community investments as focused on Rhode Island and eastern Connecticut.
Key facts about Centreville Savings Bank Charitable Foundation
In short: Centreville Savings Bank Charitable Foundation gave $1.6M across 138 grants in 2025 (avg $12K), mostly in Rhode Island. Source: 2025 IRS Form 990-PF.
- EIN
- 51-0673508
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $1,622,173
- Grants made (2025)
- 138
- Average grant
- $11,755
- Median grant
- $5,000
- Total assets
- $27,276,937
- Primary geography
- Rhode Island (78% of itemized 2025 grant dollars)
- How to apply
- The foundation states that it does not limit giving to preselected organizations. Full details ↓
Data from IRS Form 990-PF, 2025; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$27.3M
+5.5% YoY
Annual Giving
$1.6M
-0.5% YoY
Grant Count
138
+13700.0% YoY
Avg Grant Size
$12K
-99.3% YoY
Under IRS private-foundation payout rules, Centreville Savings Bank Charitable Foundation reported a distributable amount of $1.3M for 2025 — the minimum it must pay out in qualifying distributions.
How Centreville Savings Bank Charitable Foundation gives
- Giving grew 48% from 2022 to 2025. Method
- In 2025 it paid out 128% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
The foundation describes its charitable priorities as education, economic security, and capacity building. Its website says it works with nonprofit partners and supports programs that bring books, food, and educational experiences directly to people in Rhode Island and Connecticut.
Its 2025 grants included organizations working in a range of areas. For example, North Kingstown Food Pantry says it provides emergency food assistance and services to local individuals and families; Sojourner House describes its work as support, advocacy, education, and housing for survivors of domestic violence, sexual assault, and human trafficking; and Read to Grow says it promotes children’s language skills and literacy and supports families. These are the grantees’ descriptions of their own missions.
Grantmaking
IRS filing data reports 138 grants totaling **$1,622,173** in 2025. Grant amounts ranged from **$895 to $150,000**, with a median of **$5,000**. The largest reported awards included $150,000 to Central Falls Foundation, $55,000 to United Way of RI, $52,000 each to Thompson Ecumenical Empowerment Group and North Kingstown Food Pantry, and $50,000 each to Meals on Wheels Rhode Island, Sojourner House, Onward We Learn, and Pawtucket Central Falls Development Corporation.
Review Cycle
. Its stated restriction is that awards are for 501(c)(3) public charities providing services to, or benefiting, people or institutions in the area served by Centreville Savings Bank.
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Geographic Focus
Where this funder awards grants
The bank and foundation describe their community support as serving Rhode Island and eastern Connecticut. In 2025, 78% of reported grant dollars went to recipients in Rhode Island and 19% to recipients in Connecticut; the remaining reported shares were 2% to New York, 1% to Massachusetts, and less than 1% to Tennessee.
Grant Distribution by State
Share of 2025 grant dollars across all 138 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $948K (2020) to $1.6M (2024). In 2025 it made 138 grants totaling $1.6M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Central Falls Foundation (Formally Central Falls Self-Sufficiency Foundatio ($150K). Together the top 10 received $594K.
Organizations only. It also paid 5 individual scholarships ($20,000), which are not listed by name.
Grant Size Distribution
401 grants across all recorded years
The most common grant size was under $50K: 371 grants of 401 (93%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Central Falls Foundation (Formally Central Falls Self-Sufficiency Foundatio Center Falls, RI | Exempt Purpose | $150,000 |
| United Way of RI Providence, RI | Exempt Purpose | $55,000 |
| Thompson Ecumenical Empowerment Group Inc (Teeg) North Grosvenordale, CT | Exempt Purpose | $52,000 |
| North Kingstown Food Pantry North Kingstown, RI | Exempt Purpose | $52,000 |
| Meals on Wheels Rhode Island Providence, RI | Exempt Purpose | $50,000 |
| Sojourner House Providence, RI | Exempt Purpose | $50,000 |
| Onward We Learn Providence, RI | Exempt Purpose | $50,000 |
| Pawtucket Central Falls Development Corporation Pawtucket, RI | Exempt Purpose | $50,000 |
| Tides Family Services West Warwick, RI | Exempt Purpose | $45,000 |
| United Way of Rhode Island Providence, RI | Exempt Purpose | $40,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grants reported | Grant count |
|---|---|---|
| 2025 | $1,622,173 | 138 |
| 2024 | $1,631,040 | 1 |
| 2023 | $1,275,410 | 96 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $27,276,937 | $25,852,852 | $24,836,567 |
| Revenue | $1,632,096 | $1,530,127 | $988,732 |
| Expenses | $1,784,806 | $1,766,444 | $1,401,403 |
| Qualifying Distributions | $1,639,785 | $1,634,040 | $1,278,360 |
| Net Investment Income | $1,502,561 | $1,412,596 | $869,583 |
| Distributable Amount | $1,285,461 | $1,236,627 | $1,144,081 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 25, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 14, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation’s 2025 filing lists Harold Horvat as President/CEO; Robert Jason Kulak as Director/Controller; Jocelyn Nacci, John Miller, Eve Veliz Moran, Terrance Jackson, and Adriana Dawson as directors; and Grace Evans Pednanou as Secretary.
Centreville Savings Bank Charitable Foundation is led by Harold Horvat, President & CEO since 2023 (on filings since 2020); none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Harold Horvat
President & CEO
Director → President & CEO, 2023
On filings since 2020
1 hr/week
No compensation reported
John Miller
Director
On filings since 2021
1 hr/week
No compensation reported
Jocelyn Nacci
Director
On filings since 2022
1 hr/week
No compensation reported
Eve Veliz Moran
Director
On filings since 2023
1 hr/week
No compensation reported
Robert Jason Kulak
Director & Controller
On filings since 2023
1 hr/week
No compensation reported
Adriana Dawson
Director
New on the 2025 filing
1 hr/week
No compensation reported
Terrance Jackson
Director
New on the 2025 filing
1 hr/week
No compensation reported
Grace Evans Pednanou
Secretary
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (9)
- Former: Jhonny Leyva (2020–2024) — Director
- Former: Mark Noble (2020–2024) — Director
- Former: Hanna Stangl (2022–2024) — Secretary
- Former: Jillian Deshiro (2020–2022) — Director & CFO
- Former: Kathleen Bartels (2020–2022) — Director
- Former: Mary Halpin (2020–2021) — Director
- Former: Lisa Laliberte (2021) — Secretary
- Former: Al Mendez (2020) — Director
- Former: Andrea Hopkins (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.
Contact
Application contact: Paola Fernandez
Mailing address: 1218 Main Street, West Warwick, RI 02893
Phone: (401) 821-9100
Website: https://centrevillebank.com
Frequently asked questions about Centreville Savings Bank Charitable Foundation
How much does Centreville Savings Bank Charitable Foundation give each year?
Centreville Savings Bank Charitable Foundation gave $1.6M across 138 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.6M across 1 grant.
What is Centreville Savings Bank Charitable Foundation's typical grant size?
Centreville Savings Bank Charitable Foundation's median grant in 2025 was $5,000, and its average grant was $11,755, across 138 grants on its 2025 IRS Form 990-PF.
Where does Centreville Savings Bank Charitable Foundation give grants?
Centreville Savings Bank Charitable Foundation gives mostly in Rhode Island: 78% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Connecticut (19%). The most frequent recipient cities were Providence, RI (33 grants), Pawtucket, RI (10 grants), New London, CT (8 grants) and Newport, RI (7 grants).
Who are Centreville Savings Bank Charitable Foundation's largest grantees?
Centreville Savings Bank Charitable Foundation's largest 2025 grantees include Central Falls Foundation (Formally Central Falls Self-Sufficiency Foundatio ($150,000), United Way of RI ($55,000) and Thompson Ecumenical Empowerment Group Inc (Teeg) ($52,000), according to its 2025 IRS Form 990-PF. It also paid 5 individual scholarships ($20,000), which are not listed by name. Together they received 16% of its itemized 2025 grant dollars.
How large is Centreville Savings Bank Charitable Foundation?
Centreville Savings Bank Charitable Foundation reported $27.3M in total assets on its 2025 IRS Form 990-PF. It paid out $1.6M in qualifying distributions that year, against a required minimum of $1.3M (roughly 5% of its investment assets).
What does Centreville Savings Bank Charitable Foundation fund?
The foundation describes its charitable priorities as education, economic security, and capacity building. Its website says it works with nonprofit partners and supports programs that bring books, food, and educational experiences directly to people in Rhode Island and Connecticut. See mission & focus areas ↑
How do I apply for a grant from Centreville Savings Bank Charitable Foundation?
The foundation states that it does not limit giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Centreville Savings Bank Charitable Foundation's EIN?
Centreville Savings Bank Charitable Foundation's EIN (Employer Identification Number) is 51-0673508. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Centreville Savings Bank Charitable Foundation by hand.
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