Dedham Institution for Savings Foundation
The Dedham Institution for Savings Foundation is a private grantmaking foundation based in Boston, Massachusetts. Established in 1998, it was created by Dedham Savings to provide financial support to charitable organizations serving the communities where the bank operates.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8M
+1.0% YoY
Annual Giving
$224K
-58.6% YoY
Grant Count
22
-62.1% YoY
Avg Grant Size
$10K
+9.2% YoY
Under IRS private-foundation payout rules, Dedham Institution for Savings Foundation reported a distributable amount of $235K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports organizations involved with:
- Arts and culture
- Education
- Health
- Recreation
- Human services
- Community growth and stability
- Economic development
- Housing
- Financial wellness
- Youth programs
Grantmaking
How to Apply
** The foundation accepts grant requests from community organizations and makes awards twice per year. Organizations are encouraged to apply online through the foundation's application system.
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Geographic Focus
Where this funder awards grants
The foundation primarily serves the following communities:
- Dedham
- Needham
- Norwood
- Sharon
- South Boston
- Walpole
- Westwood
- Contiguous areas
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $2,831,374 (as of most recent filing)
Annual Giving: $224,361
Revenue: $275,000 (2023)
Expenses: $585,000 (2023)
Total Liabilities: $0 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,831,374 | $2,802,395 | $3,113,204 |
| Revenue | $472,044 | $274,680 | $331,368 |
| Expenses | $443,065 | $585,489 | $317,782 |
| Qualifying Distributions | $224,361 | $541,604 | $267,700 |
| Net Investment Income | $284,705 | $223,519 | $280,085 |
| Distributable Amount | $234,866 | $220,380 | $225,900 |
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 2024
Grant Size Distribution
198 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hale Education Inc ($50,000), Mother Brooks Arts & Community ($25,000), Neighborworks Housing Solutions ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILDREN'S SERVICES OF ROXBURY ROXBURY, MA | GIFT TO THE GENERAL FUND | $10,000 |
| HOLBROOK ECUMENICAL FOOD HOLBROOK, MA | TO FUND FOOD DONATIONS | $1,500 |
| DEDHAM FOOD PANTRY DEDHAM, MA | TO FUND FOOD DONATIONS | $12,500 |
| ABCD PARKER HILL FENWAY FOOD BOSTON, MA | TO FUND FOOD DONATIONS | $1,500 |
| USCC HYDE PARK FOOD PANTRY HYDE PARK, MA | TO FUND FOOD DONATIONS | $1,500 |
| CHARLES RIVER YMCA NEEDHAM, MA | GIFT TO THE GENERAL FUND | $10,000 |
| HESSCO ELDER SERVICES WALPOLE, MA | TO FUND FOOD DONATIONS | $1,500 |
| DEDHAM EXCHANGE DEDHAM, MA | GIFT TO THE GENERAL FUND | $11,000 |
| DEDHAM VILLAGE PRESERVATION DEDHAM, MA | GIFT TO THE GENERAL FUND | $10,000 |
| FAIRBANKS FAMILY IN AMERICA INC DEDHAM, MA | GIFT TO THE GENERAL FUND | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GERARD LAVOIE | TRUSTEE | 1 | — |
| JUANITA ALLEN KINGSLEY | TRUSTEE | 1 | — |
| MARK C INGALLS | TRUSTEE | 1 | — |
| PETER G BROWN | TRUSTEE | 1 | — |
| LIZ BISSELL | TRUSTEE | 1 | — |
| DEAN P PLAKIAS | TRUSTEE | 1 | — |
| BEVERLY SOMERVILLE | TRUSTEE | 1 | — |
| DEAN STEEGER | TRUSTEE | 1 | — |
| TOM FILBIN | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has been actively awarding grants to support community initiatives. Recent grant announcements include support for local fuel assistance programs and grants to organizations focused on education, community development, and environmental science.
Dedham Savings Community Foundation Awards Grant To Boston Main StreetsSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Dedham Institution for Savings Foundation fund?
The foundation supports organizations involved with: • Arts and culture • Education • Health • Recreation • Human services • Community growth and stability • Economic development • Housing • Financial wellness • Youth programs
How do I apply for a grant from Dedham Institution for Savings Foundation?
**Grant Amounts:** Typical awards range from $1,000 to $150,000. **Application Process:** The foundation accepts grant requests from community organizations and makes awards twice per year. Organizations are encouraged to apply online through the foundation's application system. **Funding Considerations:** The foundation gives special consideration to organizations that: • Have not requested funds within the last 12 months (or 24 months for Foundation requests) • Have received foundation suppor…
Where does Dedham Institution for Savings Foundation make grants?
The foundation primarily serves the following communities: • Dedham • Needham • Norwood • Sharon • South Boston • Walpole • Westwood • Contiguous areas
What size grants does Dedham Institution for Savings Foundation award?
In 2024, Dedham Institution for Savings Foundation awarded 22 grants totaling $224K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Dedham Institution for Savings Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Dedham Institution for Savings Foundation reported a distributable amount of $235K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Dedham Institution for Savings Foundation's EIN?
Dedham Institution for Savings Foundation's EIN (Employer Identification Number) is 04-3423462. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Dedham Institution for Savings 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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