Dedham Institution for Savings Foundation
The Dedham Institution for Savings Foundation is a private foundation based in Boston, Massachusetts. Created by Dedham Savings, it provides financial support to charitable organizations serving disadvantaged populations in the bank’s community reinvestment area.
Dedham Institution for Savings Foundation at a glance
In short: Dedham Institution for Savings Foundation gave $224K across 22 grants in 2024 (avg $10K), mostly in Massachusetts. 36% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $224,361
- -58.6% vs 2023
- Grants made (2024)
- 22
- -62.1% vs 2023
- Average grant
- $10,198
- +9.2% vs 2023
- Median grant
- $9,593
- Total assets
- $2,831,374
- +1.0% vs 2023
- New grantees (estimate)
- 36% first-time grantees (8 of 22, 2024; small sample)
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Dedham Institution for Savings Foundation
- How to Apply
-
Grant applications are available by request; the foundation also directs organizations to apply online. Applicants must be 501(c)(3) organizations.
- Review Cycle
- The 2024 filing listed deadlines of October 31, 2023, for December 2023 grants and April 30, 2024, for June 2024 grants.
- Deadline
- The 2024 filing listed deadlines of October 31, 2023, for December 2023 grants and April 30, 2024, for June 2024 grants.
- Contact
Application contact: Gerard R Lavoie
Mailing address: 55 Elm Street, Dedham, MA 02026
Phone: (781) 461-0163
Website: https://dedhamsavings.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Dedham Institution for Savings Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Hale Education Inc ($50K). Together the top 10 received $181K.
Grant Size Distribution
226 grants across all recorded years
The most common grant size was under $50K: 221 grants of 226 (98%).
Geographic Focus
Where this funder awards grants
The foundation identifies Dedham, Needham, Norwood, Sharon, South Boston, Walpole, and Westwood, as well as contiguous areas, as communities it serves. Its 2024 reported grants went entirely to Massachusetts recipients.
Grant Distribution by State
Share of 2024 grant dollars across all 22 itemized grants.
States
Cities
Is Dedham Institution for Savings Foundation open to new grantees?
36%
first-time grantees, 2024
In 2024, 8 of 22 grantees (36%) were first-time recipients. With only 22 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $10K; repeat grants $10K. How we count
Medians: $10K first-time, $8K repeat.
- 9% of 2024 grantees were also funded in 2023. Method
- Giving fell 47% from 2021 to 2024. Method
- In 2024 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $224K (2024) to $542K (2023). In 2024 it made 22 grants totaling $224K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hale Education Inc Westwood, MA | Gift to the General Fund | $50,000 |
| Mother Brooks Arts & Community Dedham, MA | Gift to the General Fund | $25,000 |
| Neighborworks Housing Solutions Quincy, MA | To Assist with Housing | $25,000 |
| Dedham - Westwood Water Dedham, MA | Gift to the General Fund | $17,675 |
| Dedham Food Pantry Dedham, MA | To Fund Food Donations | $12,500 |
| Dedham Exchange Dedham, MA | Gift to the General Fund | $11,000 |
| Children's Services of Roxbury Roxbury, MA | Gift to the General Fund | $10,000 |
| Charles River YMCA Needham, MA | Gift to the General Fund | $10,000 |
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,831,374 | $472,044 | $443,065 | $224,361 | 22 | $224,361 | $284,705 | $234,866 |
| 2023 | $2,802,395 | $274,680 | $585,489 | $541,604 | 58 | $541,604 | $223,519 | $220,380 |
| 2022 | $3,113,204 | $331,368 | $317,782 | $267,700 | 26 | $267,700 | $280,085 | $225,900 |
| 2021 | $3,099,618 | $336,476 | $458,897 | $421,517 | 56 | $421,517 | $257,129 | $232,780 |
| 2020 | $3,222,039 | $163,840 | $411,901 | $366,626 | 64 | — | $126,124 | $213,185 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation was formed to fund requests from community organizations that provide services in the communities they serve. Its website identifies community growth and stability, economic development, housing, financial wellness, education, and arts as areas for contributions. For foundation grants, it describes support for organizations benefiting disadvantaged populations through one-time, identifiable capital expenditures or projects; operating expenses are not considered.
Grantees’ stated missions illustrate the range of organizations supported. Hale Education says nature, education, and recreation inspire learning and leadership. Children’s Services of Roxbury says it provides services to economically disadvantaged children, youth, families, and individuals. Communities for People describes residential and home-based programs that support youth and families facing social and emotional challenges. Walpole Community Food Pantry says it distributes food and other necessities to eligible residents based on economic need.
Grantmaking
In filing year 2024, the foundation reported 22 grants totaling $224,361. Grant amounts ranged from $1,500 to $50,000, with a median of $9,593. All reported grant dollars went to recipients in Massachusetts.
The largest reported grants included $50,000 to Hale Education, $25,000 to Mother Brooks Arts & Community, and $25,000 to NeighborWorks Housing Solutions. Other notable grants were $17,675 to Dedham–Westwood Water, $12,500 to Dedham Food Pantry, and $11,000 to Dedham Exchange. Communities for People received $7,000, and Up Education Network received $5,000.
The foundation’s website says trustees accept grant requests and make awards twice a year. Its application materials say applications are available by request and require the recipient to be a 501(c)(3) organization. The website directs organizations to apply online and states that foundation requests should be for one-time, identifiable capital expenditures or projects, not operating expenses.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists these trustees: Gerard Lavoie, Juanita Allen Kingsley, Mark C. Ingalls, Peter G. Brown, Liz Bissell, Dean P. Plakias, Beverly Somerville, Dean Steeger, and Tom Filbin.
Dedham Institution for Savings Foundation's 2024 filing lists 9 officers; none of the 9 officers listed in 2024 report compensation.
Officers on the 2024 filing
Beverly Somerville
Trustee
On filings since 2020
1 hr/week
No compensation reported
Dean P. Plakias
Trustee
On filings since 2020
1 hr/week
No compensation reported
Dean Steeger
Trustee
On filings since 2020
1 hr/week
No compensation reported
Gerard Lavoie
Trustee
On filings since 2020
1 hr/week
No compensation reported
Juanita Allen Kingsley
Trustee
On filings since 2020
1 hr/week
No compensation reported
Liz Bissell
Trustee
On filings since 2020
1 hr/week
No compensation reported
Mark C. Ingalls
Trustee
On filings since 2020
1 hr/week
No compensation reported
Peter G. Brown
Trustee
On filings since 2020
1 hr/week
No compensation reported
Tom Filbin
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Dedham Institution for Savings Foundation
How much does Dedham Institution for Savings Foundation give each year?
Dedham Institution for Savings Foundation gave $224K across 22 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $542K across 58 grants.
What is Dedham Institution for Savings Foundation's typical grant size?
Dedham Institution for Savings Foundation's median grant in 2024 was $9,593, and its average grant was $10,198, across 22 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Dedham Institution for Savings Foundation that year got $10K on average.
Where does Dedham Institution for Savings Foundation give grants?
Dedham Institution for Savings Foundation gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Dedham, MA (6 grants), Walpole, MA (3 grants) and Boston, MA (3 grants).
Does Dedham Institution for Savings Foundation give general operating support?
Yes: 55% of Dedham Institution for Savings Foundation's 2024 grants with a stated purpose (12 of 22) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "To Fund Food Donations" (9 grants).
Who are Dedham Institution for Savings Foundation's largest grantees?
Dedham Institution for Savings Foundation's largest 2024 grantees include Hale Education Inc ($50,000), Mother Brooks Arts & Community ($25,000) and Neighborworks Housing Solutions ($25,000), according to its 2024 IRS Form 990-PF. Together they received 45% of its itemized 2024 grant dollars.
How large is Dedham Institution for Savings Foundation?
Dedham Institution for Savings Foundation reported $2.8M in total assets on its 2024 IRS Form 990-PF. It paid out $224K in qualifying distributions that year, against a required minimum of $235K (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 Dedham Institution for Savings Foundation fund?
The foundation was formed to fund requests from community organizations that provide services in the communities they serve. Its website identifies community growth and stability, economic development, housing, financial wellness, education, and arts as areas for contributions. See mission & focus areas ↑
How do I apply for a grant from Dedham Institution for Savings Foundation?
Grant applications are available by request; the foundation also directs organizations to apply online. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Dedham Institution for Savings Foundation funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/dedham-institution-for-savings-foundation-morg_f5fceea01aa64f6fac91807fe33fde42
BibTeX
@misc{grantable_043423462_2026,
author = {{Grantable}},
title = {{Dedham Institution for Savings Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/dedham-institution-for-savings-foundation-morg_f5fceea01aa64f6fac91807fe33fde42},
note = {Accessed 2026-10-13. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Dedham Institution for Savings Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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