Chicopee Savings Bank Charitable
Chicopee Savings Bank Charitable Foundation is a corporate foundation based in Chicopee, Massachusetts, established in 2007. The foundation operates as a 501(c)(3) organization dedicated to philanthropic giving across multiple focus areas and geographic regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.0M
-7.0% YoY
Annual Giving
$178K
-37.3% YoY
Grant Count
1
-97.2% YoY
Avg Grant Size
$178K
+2155.9% YoY
Under IRS private-foundation payout rules, Chicopee Savings Bank Charitable reported a distributable amount of $209K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports diverse community initiatives with a focus on:
- Children and youth
- Adolescents
- Economically disadvantaged and low-income individuals
- Arts and culture
- Education and higher education
- Health
- Community and economic development
- Housing development
- Human services
- Youth services
Grantmaking
Grant Range
$8,000
Average Grant
$8,000
Ready to take the next step with Chicopee Savings Bank Charitable?
Geographic Focus
Where this funder awards grants
The foundation provides funding across multiple U.S. states, including:
- Connecticut
- Florida
- Iowa
- Illinois
- Massachusetts
- New Hampshire
- New York
- Pennsylvania
The foundation supports both major cities (Boston, New York, Washington, D.C.) and smaller communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- $5,048,080 (2024)
- $5,425,637 (as of another reporting period)
Annual Activity:
- Total revenues: $1,121,714 (2024)
- Total expenses: $233,679 (2024)
- Investment income and dividends: $164,611 (2024)
Revenue Sources:
- Investment income and dividends
- Net gains from sale of non-inventory assets
- Miscellaneous revenues
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,048,080 | $5,425,637 | $7,105,288 |
| Revenue | $1,121,714 | $750,152 | $959,804 |
| Expenses | $233,679 | $408,239 | $469,825 |
| Qualifying Distributions | $211,856 | $369,268 | $442,190 |
| Net Investment Income | $1,916,978 | $1,281,677 | $1,557,368 |
| Distributable Amount | $208,893 | $245,195 | $329,341 |
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
149 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Contributions Paid ($178,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Contributions Paid Chicopee, MA | Exempt Purpose | $178,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation operates with a volunteer leadership team:
- Guida R. Sajdak — President/Chairperson
- Meghan Hibner — Treasurer
- Theresa C. Szlosek — Secretary/Director
- Gregg F. Orlen — Director
- Michael Sobon — Director
- William J. Giokas — Director
- James C. Hagan — Director
- Gary Fitzgerald — Director
All leadership members serve on a voluntary basis without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Meghan Hibner | Treasurer | 1 | — |
| GREGG F ORLEN | DIRECTOR | 1 | — |
| THERESA C SZLOSEK | Secretary/DIRECTOR | 1 | — |
| MICHAEL SOBON | DIRECTOR | 1 | — |
| GUIDA R SAJDAK | President/chairperson | 1 | — |
| WILLIAM J GIOKAS | DIRECTOR | 1 | — |
| JAMES C HAGAN | DIRECTOR | 1 | — |
| Gary Fitzgerald | Director | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has announced major grants to community organizations, including:
Dedham Savings Community Foundation Awards Grant To Charles River CenterA significant grant to the Irish Cultural Center of Western New England (announced June 2018, in partnership with Westfield Bank)
Dedham Savings Community Foundation Awards Grant To Charles River CenterAn endowed scholarship at Western New England University (2017)
Safety education grants to the Chicopee Fire Department
Chicopee Fire Department receives safety education grantsSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Chicopee Savings Bank Charitable fund?
The foundation supports diverse community initiatives with a focus on: • Children and youth • Adolescents • Economically disadvantaged and low-income individuals • Arts and culture • Education and higher education • Health • Community and economic development • Housing development • Human services • Youth services
How do I apply for a grant from Chicopee Savings Bank Charitable?
**Grant Amounts:** • Typical awards range from $500 to $178,000 • Average grant size: $8,000 • Median grant size: $5,000 **Recent Activity:** • Made 43 grants in the most recent reporting year • Total giving of $178,000 to $344,700 depending on fiscal year
Where does Chicopee Savings Bank Charitable make grants?
The foundation provides funding across multiple U.S. states, including: • Connecticut • Florida • Iowa • Illinois • Massachusetts • New Hampshire • New York • Pennsylvania The foundation supports both major cities (Boston, New York, Washington, D.C.) and smaller communities.
What size grants does Chicopee Savings Bank Charitable award?
In 2024, Chicopee Savings Bank Charitable awarded 1 grants totaling $178K — an average of about $178K per grant, based on its IRS Form 990 filings.
How much is Chicopee Savings Bank Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Chicopee Savings Bank Charitable reported a distributable amount of $209K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Chicopee Savings Bank Charitable's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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