Liberty Bank Foundation Inc
Liberty Bank Foundation Inc is a private foundation based in Middletown, Connecticut. Established in 1997, it supports nonprofit organizations whose work aligns with its funding priorities and creates meaningful local impact.
Liberty Bank Foundation Inc at a glance
In short: Liberty Bank Foundation Inc gave $2.3M across 144 grants in 2025 (avg $16K), mostly in Connecticut. 33% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,340,080
- +12.9% vs 2024
- Grants made (2025)
- 144
- -5.9% vs 2024
- Average grant
- $16,251
- +20.0% vs 2024
- Median grant
- $10,000
- Total assets
- $46,788,869
- +8.6% vs 2024
- New grantees (estimate)
- 33% first-time grantees (47 of 141, 2025)
- Primary geography
- Connecticut (87% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Liberty Bank Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests. Its filing directs applicants to the foundation for application materials; the website describes a short online application for Local Impact Grants, including basic organizational information and proof of nonprofit status. The filing lists no restrictions on awards.
- Review Cycle
- The filing lists no deadline. The website lists February 1, 2027 for the Spring 2027 Local Impact Grant cycle and September 1, 2027 for the Fall 2027 cycle.
- Deadline
- The filing lists no deadline.
- Contact
Application contact: The Liberty Bank Foundation Inc
Mailing address: 245 Long Hill Road, Middletown, CT 06457
Phone: (860) 344-7222
Website: https://liberty-bank.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
2 open opportunities from Liberty Bank Foundation Inc
Who Liberty Bank Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Make-a-Wish Foundation of Connecticut Inc ($200K). Together the top 10 received $902K.
Organizations only. It also paid 3 grants to individuals ($30,000), which are not listed by name.
Grant Size Distribution
661 grants across all recorded years
The most common grant size was under $50K: 631 grants of 661 (95%).
Geographic Focus
Where this funder awards grants
The foundation’s website describes its work as serving the communities an individual recipient serves. In 2025, 87% of grant dollars went to Connecticut recipients and 10% to Massachusetts recipients; smaller shares went to recipients in New York, North Carolina, and Florida. The website also identifies communities in Connecticut and Greater Springfield, Massachusetts in connection with Liberty Bank’s community support.
Grant Distribution by State
Share of 2025 grant dollars across all 144 itemized grants.
Cities
Is Liberty Bank Foundation Inc open to new grantees?
33%
first-time grantees, 2025
In 2025, 47 of 141 grantees (33%) were first-time recipients. First grants averaged $16K; repeat grants $17K. How we count
Medians: $10K first-time, $10K repeat.
- 46% of 2025 grantees were also funded in 2024. Method
- Giving grew 51% from 2022 to 2025. Method
- In 2025 it paid out 110% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). 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 2025, annual grant giving ranged from $1.0M (2021) to $2.3M (2025). In 2025 it made 144 grants totaling $2.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Make-a-Wish Foundation of Connecticut Inc Trumbull, CT | To support granting wishes in Connecticut in celebration of liberty bank's 200th anniversary | $200,000 |
| Middlesex YMCA Middletown, CT | To support the northern middlesex y south end renovation and expansion | $200,000 |
| Community Foundation of Middlesex County Middletown, CT | To support the 2025 liberty bank rotary club thanksgiving drive | $145,000 |
| Covenant Preparatory School Hartford, CT | To offset expenses associated with recent move to new location in downtown hartford /to support programming at covenant prep | $60,000 |
| Middlesex United Way Middletown, CT | 2024-2025 Corporate Gift | $57,000 |
| Green and Blue Foundation Inc Windsor, CT | To Support Community Programming in Hartford | $50,000 |
| Hartford Foundation for Public Giving Hartford, CT | To Support the Centennial Scholarship Program | $50,000 |
| Junior Achievement of Southwest New England Inc Hartford, CT | To Support Jaswne Biztown/Finance Park Capstone | $50,000 |
| Make-a-Wish Foundation of Massachusetts and Rhode Island West Springfield, MA | To support granting wishes in western Massachusetts in celebration of liberty bank's 200th anniversary | $50,000 |
| Boys & Girls Clubs of Hartford Inc Hartford, CT | To support bgch summer teen program and school year programming | $40,000 |
Ready to take the next step with Liberty Bank Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $46,788,869 | $7,496,759 | $3,166,621 | $2,340,080 | 144 | $2,343,156 | $6,272,664 | $2,124,884 |
| 2024 | $43,082,367 | $2,750,520 | $2,328,542 | $2,072,056 | 153 | $2,080,606 | $2,508,883 | $2,102,997 |
| 2023 | $40,816,789 | $10,957,205 | $1,583,330 | $1,453,742 | 127 | $1,453,742 | $786,647 | $1,481,895 |
| 2022 | $27,822,984 | $2,750,700 | $1,665,271 | $1,549,952 | 126 | $1,561,183 | $578,612 | $1,415,804 |
| 2021 | $32,713,234 | $3,808,061 | $1,193,498 | $1,025,637 | 111 | $1,130,500 | $3,660,574 | $1,550,232 |
| 2020 | $29,902,734 | $2,153,166 | $1,602,526 | $1,159,553 | 148 | — | $1,809,887 | $1,305,493 |
Under IRS private-foundation payout rules, Liberty Bank Foundation Inc reported a distributable amount of $2.1M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation says its grantmaking is intended to strengthen local communities and expand opportunity. It reviews proposals for alignment with its priorities, community need, the strength and measurable impact of the proposed plan, geographic relevance, organizational capacity, and potential for lasting change.
Eligible applicants listed in the foundation’s guidelines are 501(c)(3) public charities and municipal agencies when a project is solely for public purposes. Funding is generally for specific programs aligned with the foundation’s priorities.
Its 2025 grants included support for organizations whose stated missions span children’s wishes, education, youth opportunity, and community well-being. For example, Make-A-Wish Foundation of Connecticut describes its mission as creating life-changing wishes for children with critical illnesses. Covenant Preparatory School says it serves young men from underserved communities through preparation for higher education and character development. Junior Achievement of Southwest New England describes its work as educating students in workforce readiness, entrepreneurship, and financial literacy.
Grantmaking
In filing year 2025, the foundation reported 144 grants totaling $2,340,080. Grant amounts ranged from $1,000 to $200,000, with a median of $10,000. The largest awards included $200,000 to Make-A-Wish Foundation of Connecticut to support wishes in Connecticut in celebration of Liberty Bank’s 200th anniversary, and $200,000 to Middlesex YMCA for its Northern Middlesex Y South End renovation and expansion. Other notable awards were $145,000 to Community Foundation of Middlesex County for the 2025 an individual recipient Rotary Club Thanksgiving Drive; $60,000 to Covenant Preparatory School; and $57,000 to Middlesex United Way.
The foundation’s 2025 filing states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. The website describes Local Impact Grants as smaller awards for short-term projects, with typical awards of $2,500 to $5,000. Its listed Spring 2027 cycle has a February 1, 2027 deadline and decisions approximately four weeks after the deadline; its Fall 2027 cycle has a September 1, 2027 deadline and decisions approximately four weeks after the deadline.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists David Glidden as President and CEO, Toral Maher as Executive Director and Secretary, Tim Ryan as Chairman, Kathy Doucette as Treasurer, and Mary Faber as Assistant Secretary. It also lists Dr. Elsa Nunez, Minnie Saleh, Robert Parry, and Susan Martin as directors, and Liberty Bank as a substantial contributor.
Liberty Bank Foundation Inc is led by David Glidden, President & CEO since 2021 (on filings since 2020); none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
David Glidden
President & CEO
President → President & CEO, 2021
On filings since 2020
1.2 hrs/week
No compensation reported
Toral Maher
Executive Director & Secretary
Secretary & Executive Director → Secretary, 2022
Secretary → Executive Director & Secretary, 2024
On filings since 2021
40 hrs/week
$47K (2021) → $0 (2025)
Tim Ryan
Chairman
Director → Chairman, 2024
On filings since 2022
1.2 hrs/week
No compensation reported
Elsa Nunez
Director
On filings since 2022
1.2 hrs/week
No compensation reported
Minnie Saleh
Director
On filings since 2022
1.2 hrs/week
No compensation reported
Robert Parry
Director
On filings since 2022
1.2 hrs/week
No compensation reported
Susan Martin
Director
On filings since 2024
1.2 hrs/week
No compensation reported
Kathy Doucette
Treasurer
On filings since 2022
1.2 hrs/week
No compensation reported
Liberty Bank
Substantial Contributor
On filings since 2022
No compensation reported
Mary Faber
Assistant Secretary
On filings since 2023
1.2 hrs/week
No compensation reported
Former officers (12)
- Former: Douglas Anderson (2022–2023) — Chairman
- Former: Fred Erikson (2022–2023) — Outgoing Assistant Secretary
- Former: Catina Caban-Owen (2020–2022) — Outgoing Director
- Former: Chandler Howard (2020–2022) — Outgoing Chairman
- Former: Jacqueline Nelson (2020–2022) — Outgoing Director
- Former: James Mengacci (2020–2022) — Outgoing Director
- Former: Mark R. Gingras (2020–2022) — Outgoing Director
- Former: Paul Young (2020–2022) — Outgoing Director
- Former: Wilfredo Nieves (2020–2022) — Outgoing Vice Chairman
- Former: Kathleen Doucette (2020–2021) — Treasurer
- Former: Susan Murphy (2020–2021) — Outgoing Executive Director & Secretary
- Former: Richard W. Tomc (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
The highest reported compensation on the 2021 filing was $47K, to Toral Maher (Secretary/Executive Director 8/1). 7 officers or directors reported compensation on that filing.
Frequently asked questions about Liberty Bank Foundation Inc
How much does Liberty Bank Foundation Inc give each year?
Liberty Bank Foundation Inc gave $2.3M across 144 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.1M across 153 grants.
What is Liberty Bank Foundation Inc's typical grant size?
Liberty Bank Foundation Inc's median grant in 2025 was $10,000, and its average grant was $16,251, across 144 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Liberty Bank Foundation Inc that year got $16K on average.
Where does Liberty Bank Foundation Inc give grants?
Liberty Bank Foundation Inc gives mostly in Connecticut: 87% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (10%). The most frequent recipient cities were Hartford, CT (31 grants), New Haven, CT (14 grants), Springfield, MA (9 grants) and Middletown, CT (8 grants).
Does Liberty Bank Foundation Inc give general operating support?
Not in 2025: none of the 144 grants with a stated purpose on Liberty Bank Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "2024-2025 Corporate Gift" (10 grants).
Who are Liberty Bank Foundation Inc's largest grantees?
Liberty Bank Foundation Inc's largest 2025 grantees include Make-a-Wish Foundation of Connecticut Inc ($200,000), Middlesex YMCA ($200,000) and Community Foundation of Middlesex County ($145,000), according to its 2025 IRS Form 990-PF. It also paid 3 grants to individuals ($30,000), which are not listed by name. Together they received 23% of its itemized 2025 grant dollars.
How large is Liberty Bank Foundation Inc?
Liberty Bank Foundation Inc reported $46.8M in total assets on its 2025 IRS Form 990-PF. It paid out $2.3M in qualifying distributions that year, against a required minimum of $2.1M (roughly 5% of its investment assets).
What does Liberty Bank Foundation Inc fund?
The foundation says its grantmaking is intended to strengthen local communities and expand opportunity. See mission & focus areas ↑
How do I apply for a grant from Liberty Bank Foundation Inc?
The foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Liberty Bank Foundation Inc's EIN?
Liberty Bank Foundation Inc's EIN (Employer Identification Number) is 06-1479957. IRS Form 990 filing data is available on this page for 2020–2025.
Does Liberty Bank Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 19, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Liberty Bank Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Liberty Bank Foundation Inc funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/liberty-bank-foundation-inc-morg_059ce5b56f1d4c7aa13cfdb1f369610b
BibTeX
@misc{grantable_061479957_2026,
author = {{Grantable}},
title = {{Liberty Bank Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/liberty-bank-foundation-inc-morg_059ce5b56f1d4c7aa13cfdb1f369610b},
note = {Accessed 2026-10-05. 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 Liberty Bank Foundation Inc'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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