Hewitt Foundation Inc Co Essex Savings Bank is a private foundation focused on Health, based in ESSEX, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.6M in total assets. In 2024, it awarded 2 grants totaling $403K. Net investment income was $1.2M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.6M
+6.1% YoY
Annual Giving
$403K
-8.0% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$201K
+38.0% YoY
Under IRS private-foundation payout rules, Hewitt Foundation Inc Co Essex Savings Bank reported a distributable amount of $451K for 2024 — the minimum it must pay out in qualifying distributions.
About Hewitt Foundation Inc Co Essex Savings Bank
Based on IRS filings
Hewitt Foundation Inc Co Essex Savings Bank is a private foundation focused on Health, based in ESSEX, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.6M in total assets. In 2024, it awarded 2 grants totaling $403K. Net investment income was $1.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,590,097 | $8,093,628 | $7,966,730 |
| Revenue | $1,277,236 | $648,630 | $1,029,678 |
| Expenses | $478,225 | $521,732 | $497,103 |
| Qualifying Distributions | $403,146 | $460,630 | $448,394 |
| Net Investment Income | $1,179,665 | $573,777 | $949,155 |
| Distributable Amount | $450,868 | $427,517 | $449,171 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Griffin Hospital ($375,000), Team Inc ($27,500).
| Recipient | Purpose | Amount |
|---|---|---|
| GRIFFIN HOSPITAL DERBY, CT | EMPATH UNIT | $375,000 |
| TEAM INC DERBY, CT | ELDER CARE HOMEMAKING SVC | $27,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ACHILLE A APICELLA | DIRECTOR, VP | 1 | — |
| PATRICK CAREY | DIRECTOR, PRESIDENT | 1 | — |
| VIRGINIA COSTIGAN | DIRECTOR | 1 | — |
| HARRY DIADAMO | DIRECTOR, TREASURER | 1 | — |
| LAURA DONAHUE | DIRECTOR | 1 | — |
| LYNN IVERSON | DIRECTOR | 1 | — |
| MARY ANN MICKLUS | DIRECTOR, TREASURER | 1 | — |
| ELSIE S SCOTT | DIRECTOR | 1 | — |
| JANICE SHEEHY | DIRECTOR, SECRETARY | — | — |
| FREDERICK WILSON | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hewitt Foundation Inc Co Essex Savings Bank?
Hewitt Foundation Inc Co Essex Savings Bank is a private foundation focused on Health, based in ESSEX, CT. It holds $8.6M in total assets as of 2024.
How large is Hewitt Foundation Inc Co Essex Savings Bank?
As of 2024, Hewitt Foundation Inc Co Essex Savings Bank holds $8.6M in total assets with $1.3M in annual revenue. It awarded 2 grants totaling $403K in 2024.
Where does Hewitt Foundation Inc Co Essex Savings Bank operate?
Hewitt Foundation Inc Co Essex Savings Bank has awarded grants in Connecticut.
What size grants does Hewitt Foundation Inc Co Essex Savings Bank award?
In 2024, Hewitt Foundation Inc Co Essex Savings Bank awarded 2 grants totaling $403K — an average of about $201K per grant, based on its IRS Form 990 filings.
How much is Hewitt Foundation Inc Co Essex Savings Bank required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hewitt Foundation Inc Co Essex Savings Bank reported a distributable amount of $451K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hewitt Foundation Inc Co Essex Savings Bank's EIN?
Hewitt Foundation Inc Co Essex Savings Bank's EIN (Employer Identification Number) is 06-1064288. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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