Claremont Savings Bank Foundation
The Claremont Savings Bank Foundation is a private independent foundation established in 2003, based in Claremont, New Hampshire. As a 501(c)(3) organization, the foundation operates as a philanthropic arm dedicated to supporting local nonprofit organizations and community initiatives. Since its inception, the foundation has invested over $2.8 million in its communities.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.1M
+110.3% YoY
Annual Giving
$125K
+8.7% YoY
Grant Count
66
-4.3% YoY
Avg Grant Size
$2K
+13.6% YoY
Mission & Focus Areas
The foundation's mission centers on supporting local nonprofits that make a significant impact on the quality of life and economic vitality in the communities it serves. The foundation's grants represent an extension of the bank's ongoing contributions and the volunteer work carried out by its employees.
Primary funding areas include:
- Arts and culture
- Education
- Health
- Public affairs
- Community and economic development
- Housing development
- Human services
- Youth arts programs
- Work with at-risk children
- Weekend backpack programs
- Webstream infrastructure
Grantmaking
The foundation supports projects, programming, and capital expenditures, with the understanding that there is no promise or expectation of annual funding to any organization.
Grant Range
& Frequency:**
How to Apply
in late winter or early spring
Ready to take the next step with Claremont Savings Bank Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in its local communities, with a focus on New Hampshire. It also funds initiatives in Massachusetts and Vermont, including communities such as Claremont, Lebanon, Windsor, Charlestown, and Cornish.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Current Financial Position (2024-2025):
- Total Assets: $976,000 to $2,053,417 (varies by reporting source and year)
- Total Revenue: $68,592 (2024)
- Total Expenses: $118,421 (2024)
- Total Liabilities: $0 (2024)
- Total Annual Giving: $115,000 to $125,000
- Number of Employees: 0
Historical Giving Trends:
- 2023: $230,000 in total giving across 130 grants
- 2022: $100,000 in total giving across 68 grants
- 2021: $90,000 in total giving across 64 grants
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,053,417 | $976,314 | $1,026,143 |
| Revenue | $148,559 | $68,592 | $100,696 |
| Expenses | $125,609 | $118,421 | $233,286 |
| Qualifying Distributions | $125,096 | $115,000 | $230,000 |
| Net Investment Income | $40,360 | $68,592 | $100,696 |
| Distributable Amount | $92,589 | $77,762 | $66,829 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Claremont Savings Bank Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by a board of trustees, including:
- Andre Lafreniere
- Lynn Smith
- Heather Minkler
- Kathy Hubert
- Sera Gray
All board members serve without compensation.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Brandy Blackinton | Trustee | 0.5 | — |
| Andre Lafreniere | Trustee | 0.5 | — |
| Kathy Hubert | Trustee | 0.5 | — |
| Sera Gray | Trustee | 0.5 | — |
| Tammy Bergeron | Trustee | 0.5 | — |
| Lynn Smith | Manager | 0.1 | — |
Recent News & Activity
Recent developments and announcements
The foundation awarded grants to 69 nonprofit organizations in 2024, demonstrating continued commitment to community support. Recent grant announcements highlight funding for diverse initiatives including transitional housing for at-risk youth, community center renovations, equipment purchases for senior services, and programming for individuals with special needs.
Claremont Savings Bank Foundation Awards Grants to Sixty-Nine ...Subject 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 Claremont Savings Bank Foundation on Grantable?
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