Chicopee Savings Bank Charitable
Chicopee Savings Bank Charitable is a private foundation based in Chicopee, Massachusetts. It supports qualifying organizations working to further community development and contribute to quality of life in communities associated with legacy Chicopee Savings Bank banking offices, as well as immediately adjacent communities.
Key facts about Chicopee Savings Bank Charitable
In short: Chicopee Savings Bank Charitable gave $112K across 19 grants in 2025 (avg $6K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- EIN
- 22-3940271
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $112,000
- Grants made (2025)
- 19
- Average grant
- $5,895
- Median grant
- $3,000
- Total assets
- $6,125,072
- Primary geography
- Massachusetts (89% of itemized 2025 grant dollars)
- How to apply
- The filing states that application form and materials are as prescribed by the board. Full details ↓
- Deadline
- See application.
Data from IRS Form 990-PF, 2025; updated September 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
$6.1M
+21.3% YoY
Annual Giving
$112K
-37.1% YoY
Grant Count
19
+1800.0% YoY
Avg Grant Size
$6K
-96.7% YoY
Under IRS private-foundation payout rules, Chicopee Savings Bank Charitable reported a distributable amount of $239K for 2025 — the minimum it must pay out in qualifying distributions.
How Chicopee Savings Bank Charitable gives
- Giving fell 68% from 2022 to 2025. Method
- In 2025 it paid out 51% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
The foundation’s filing describes its grantmaking purpose as supporting organizations that further community development and contribute to quality of life in the specified communities. Its 2025 grants included community organizations, a hospital, a food bank, a school for deaf and hard-of-hearing students, and scholarship recipients.
Among its grantees, Girls Inc. of the Valley says its programs help girls build resilience, community involvement, critical-thinking skills, and lifelong learning. Willie Ross School for the Deaf says it provides deaf and hard-of-hearing students with comprehensive education and support services. Providence Ministries for the Needy says it assists people in need with food, housing, and care.
Grantmaking
The foundation reported 19 grants totaling $112,000 in 2025. Grant amounts ranged from $1,000 to $20,000, with a median of $3,000. Larger grants included $20,000 each to Boys & Girls Club of Greater Westfield and Multicultural Community Services of PV; $10,000 each to Girls Inc. of the Valley, Mercy Medical Hospital, and The Food Bank of Western Mass; and $5,000 to Willie Ross School for the Deaf.
Review Cycle
specified in the application. It restricts awards to organizations exempt under sections 503(c)(3) and 170 of the Internal Revenue Code that meet its stated community-development and quality-of-life purpose.
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Geographic Focus
Where this funder awards grants
The foundation’s stated geographic restriction covers communities in which legacy Chicopee Savings Bank maintained a banking office and communities immediately adjacent to them. In 2025, 89% of grant dollars went to Massachusetts recipients; the filing also lists recipients in Rhode Island, Maine, Indiana, and Connecticut at 3% each.
Grant Distribution by State
Share of 2025 grant dollars across all 19 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $112K (2025) to $536K (2019). In 2025 it made 19 grants totaling $112K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Boys & Girls Club of Greater Westfield ($20K). Together the top 10 received $87K.
Organizations only. It also paid 3 individual scholarships ($9,000), which are not listed by name.
Grant Size Distribution
137 grants across all recorded years
The most common grant size was under $50K: 135 grants of 137 (99%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boys & Girls Club of Greater Westfield Westfield, MA | Exempt Purpose | $20,000 |
| Multicultural Community Services of PV Springfield, MA | Exempt Purpose | $20,000 |
| Girls Inc of the Valley Holyoke, MA | Exempt Purpose | $10,000 |
| Mercy Medical Hospital Springfield, MA | Exempt Purpose | $10,000 |
| The Food Bank of Western Mass Inc Chicopee, MA | Exempt Purpose | $10,000 |
| Willie Ross School for the Deaf Longmeadow, MA | Exempt Purpose | $5,000 |
| Boston University- Nicholas Rodrigu Boston, MA | Scholarships | $3,000 |
| Massachusetts College of Art Design Boston, MA | Scholarships | $3,000 |
| 3 individual scholarships Recipients not named | — | $9,000 |
| Northeastern University-Jenna Madru Boston, MA | Scholarships | $3,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grants | Grant total |
|---|---|---|
| 2025 | 19 | $112,000 |
| 2024 | 1 | $178,000 |
| 2023 | 36 | $284,050 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $6,125,072 | $5,048,080 | $5,425,637 |
| Revenue | $1,499,049 | $1,121,714 | $750,152 |
| Expenses | $184,268 | $233,679 | $408,239 |
| Qualifying Distributions | $121,991 | $211,856 | $369,268 |
| Net Investment Income | $2,325,616 | $1,916,978 | $1,281,677 |
| Distributable Amount | $238,743 | $208,893 | $245,195 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 1, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Guida R. Sajdak as president and chairperson; Meghan Hibner as treasurer and director; Theresa C. Szlosek as secretary and director; and Gregg F. Orlen, Michael Sobon, James C. Hagan, and Gary Fitzgerald as directors.
Chicopee Savings Bank Charitable is led by Guida R. Sajdak, President & Chairperson since 2021 (on filings since 2019); none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Guida R. Sajdak
President & Chairperson
Treasurer & Director → President & Chairperson, 2021
On filings since 2019
1 hr/week
No compensation reported
Gregg F. Orlen
Director
On filings since 2019
1 hr/week
No compensation reported
James C. Hagan
Director
On filings since 2019
1 hr/week
No compensation reported
Michael Sobon
Director
On filings since 2019
1 hr/week
No compensation reported
Theresa C. Szlosek
Secretary & Director
On filings since 2019
1 hr/week
No compensation reported
Gary Fitzgerald
Director
On filings since 2021
1 hr/week
No compensation reported
Meghan Hibner
Treasurer & Director
Treasurer → Treasurer & Director, 2025
On filings since 2021
1 hr/week
No compensation reported
Former officers (3)
- Former: William J. Giokas (2019–2024) — Director
- Former: James P. Lynch (2019–2021) — Director
- Former: William J. Wagner (2019–2020) — President & Chairman
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Guida Sajdak
Mailing address: 70 Center Street, Chicopee, MA 01014
Phone: (413) 564-2678
Frequently asked questions about Chicopee Savings Bank Charitable
How much does Chicopee Savings Bank Charitable give each year?
Chicopee Savings Bank Charitable gave $112K across 19 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $178K across 1 grant.
What is Chicopee Savings Bank Charitable's typical grant size?
Chicopee Savings Bank Charitable's median grant in 2025 was $3,000, and its average grant was $5,895, across 19 grants on its 2025 IRS Form 990-PF.
Where does Chicopee Savings Bank Charitable give grants?
Chicopee Savings Bank Charitable gives mostly in Massachusetts: 89% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (3 grants), Springfield, MA (2 grants) and Holyoke, MA (2 grants).
Who are Chicopee Savings Bank Charitable's largest grantees?
Chicopee Savings Bank Charitable's largest 2025 grantees include Boys & Girls Club of Greater Westfield ($20,000), Multicultural Community Services of PV ($20,000) and Girls Inc of the Valley ($10,000), according to its 2025 IRS Form 990-PF. It also paid 3 individual scholarships ($9,000), which are not listed by name. Together they received 45% of its itemized 2025 grant dollars.
How large is Chicopee Savings Bank Charitable?
Chicopee Savings Bank Charitable reported $6.1M in total assets on its 2025 IRS Form 990-PF. It paid out $122K in qualifying distributions that year, against a required minimum of $239K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Chicopee Savings Bank Charitable fund?
The foundation’s filing describes its grantmaking purpose as supporting organizations that further community development and contribute to quality of life in the specified communities. See mission & focus areas ↑
How do I apply for a grant from Chicopee Savings Bank Charitable?
The filing states that application form and materials are as prescribed by the board. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Chicopee Savings Bank Charitable's EIN?
Chicopee Savings Bank Charitable's EIN (Employer Identification Number) is 22-3940271. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Chicopee Savings Bank Charitable by hand.
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