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
Under IRS private-foundation payout rules, Claremont Savings Bank Foundation reported a distributable amount of $93K for 2025 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2025 grants, the largest include Cornish Community Initiative ($5,000), On Solid Ground ($5,000), Claremont Soup Kitchen ($4,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Baby Steps Family Assistance Program Claremont, NH | Purchase laundry cards, community center passes and essential toiletries to assist families in need | $2,500 |
| Best Buddies in New Hampshire Claremont, NH | Grant will support the launch of two new school friendship chapters | $1,000 |
| Black River Innovation Campus Springfield, VT | Grant will help renovate a downtown storefront into a dynamic STEAM and entrepreneurship innovation hub | $2,500 |
| Bugbee Senior Center White River Junction, VT | Grant funding will support Locally Yours, a seasonal program that provides free locally grown produce to seniors. | $1,500 |
| Carter Community Building Association Lebanon, NH | Grant will support the After School Program and provide scholarships for low-income families | $1,000 |
| Charlestown Area PTA Charlestown, NH | Purchase a popcorn machine and ice maker for school concession events | $1,000 |
| Children's Center of the Upper Valley Lebanon, NH | Support the addition of natural outdoor materials, climbing logs, garden spaces and sand areas to encourage exploration and sensory play. | $2,000 |
| Claremont Community Television Inc Claremont, NH | Funding will support a series of three educational sessions to guide community members, municipal departments, and nonprofits, especially those with limited resources, in creating and recording effective Public Service Announcements. | $1,500 |
| Claremont Learning Partnership Claremont, NH | The grant will sustain and expand the One-4-All Child Care Centers Diaper and Food Project, ensuring every child receives essential nutrition and hygiene support without placing additional financial strain on families. | $3,000 |
| Claremont Opera House Inc Claremont, NH | Funds will support the purchase of three 4K digital display kiosks. | $3,750 |
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
Frequently Asked Questions
What does Claremont Savings Bank Foundation fund?
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 …
How do I apply for a grant from Claremont Savings Bank Foundation?
**Grant Size & Frequency:** • Grants range from $500 to $5,000 • The foundation distributes grants once a year, generally opening the application process in late winter or early spring • Recent activity shows 69 grants awarded in 2024 totaling approximately $115,000 **Eligible Organizations:** • Must be Section 501(c)(3) IRS Code approved • Must not discriminate, as defined by Federal criteria • Priority given to support the bank's designated Community Reinvestment Act (CRA) branch/banking area…
Where does Claremont Savings Bank Foundation make 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.
What size grants does Claremont Savings Bank Foundation award?
In 2025, Claremont Savings Bank Foundation awarded 66 grants totaling $125K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Claremont Savings Bank Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Claremont Savings Bank Foundation reported a distributable amount of $93K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Claremont Savings Bank Foundation's EIN?
Claremont Savings Bank Foundation's EIN (Employer Identification Number) is 33-1014741. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Claremont Savings Bank Foundation'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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