Easthampton Savings Bank Foundation Inc
Easthampton Savings Bank Foundation Inc is a private foundation established in 1997 and based in Easthampton, Massachusetts. It operates as a company-sponsored foundation affiliated with bankESB. The foundation supports nonprofit organizations and causes throughout Hampden and Hampshire counties in Western Massachusetts.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
-0.5% YoY
Annual Giving
$350K
-12.1% YoY
Grant Count
1
-99.1% YoY
Avg Grant Size
$350K
+9483.3% YoY
Mission & Focus Areas
The foundation supports organizations involved in the following areas:
- Food banks and food security
- Education
- Health and healthcare access
- Housing development
- Community economic development
- Golf
- Arts and cultural programming
- Youth development
- Financial literacy
Grantmaking
The foundation made 96 grants in 2024. Recent grant recipients have included Cooley Dickinson Hospital Inc and various community organizations throughout the region.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Hampden and Hampshire counties in Massachusetts.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total Assets: $2,522,980
- Total Revenues: $189,956
- Total Expenses: $354,719
- Investment Income and Dividends: $75,641
- Net Gain from Sale of Non-Inventory Assets: $114,315
As of December 31, 2023:
- Total Assets: $2.54 million
- Total Revenues: $205,581
- Total Expenses: $397,000
The foundation has no employees and no outstanding liabilities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,522,980 | $2,536,216 | $2,722,334 |
| Revenue | $189,956 | $205,581 | $108,937 |
| Expenses | $354,719 | $397,155 | $280,115 |
| Qualifying Distributions | $353,455 | $395,329 | $280,115 |
| Net Investment Income | $189,956 | $203,081 | $108,937 |
| Distributable Amount | $123,557 | $124,245 | $139,465 |
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
201 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel include:
- Dena Hall — President/Director
- Gilbert F. Ehmke — Treasurer/Director
- James G. Hayden — Director
- Matthew Sosik — Director (also President & CEO of bankESB)
- Mark Klepacki — Clerk/Director
- Anthony Villani — Director
- Lori Ingraham — Assistant Treasurer
- Reed Whitman — Executive Vice President and Chief Financial Officer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANTHONY VILLANI | DIRECTOR | 1 | — |
| Dena Hall | President/Director | 2 | — |
| GILBERT F EHMKE | treasurer/director | 2 | — |
| Lori Ingraham | assistant treasurer | 1 | — |
| MARK KLEPACKI | clerk/director | 1 | — |
| MATTHEW SOSIK | director | 1 | — |
| richard abbott | director | 1 | — |
Recent News & Activity
Recent developments and announcements
In August 2024, bankESB received the 2024 Corporate Citizenship Award from Boston Business Journal, marking the tenth consecutive year the bank has received this honor. The award recognizes bankESB as one of Massachusetts' top corporate charitable contributors, with the company reporting at least $100,000 in cash contributions to Massachusetts-based charities in 2023.
bankESB Raises $28,000 for Local Food Pantries | bankESBRecent initiatives supported by the foundation and The Giving Tree include donations of space to expand programming at the Easthampton Public Library and a $20,000 commitment to Hilltown Cooperative Charter Public School for an ADA-compliant play structure.
Easthampton Savings Bank Foundation IncSubject 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.
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