type: exa:search title: "Liberty Bank and Its Foundation Awarded a Record-Breaking \n$2.85 Million\ \ in Grants and Sponsorships in 2023" type: exa:search title: Liberty Bank, 41 Rotary Clubs and the Community Foundation of Middlesex Country Launch 22nd Annual Thanksgiving Drive type: exa:search title: "Liberty Bank Foundation, Community Partners Raise $728,712 \nTo Provide\ \ Thanksgiving Meals, Stock Food Pantries" type: exa:search title: Grantmakers.io Profile - Liberty Bank Foundation type: exa:search title: Liberty Bank Foundation - Nonprofit Explorer - ProPublica type: exa:news title: Liberty Bank Foundation Donates $25,000 to Urban League Gtr. Hartford type: exa:news title: Liberty Bank Announces Record-Breaking Community Impact in 2024 type: exa:news title: "Liberty Bank Foundation Donates $25K to Urban league of Greater Hartford\u2019\ s Project Stable Program \u2014 MetroHartford Alliance" type: exa:news title: "Liberty Bank Foundation Provides Support for Children\u2019s Literacy Program" type: exa:news title: Liberty Bank Foundation Approves $303,000 in Grants
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$43.1M
+5.6% YoY
Annual Giving
$2.1M
+42.5% YoY
Grant Count
153
+20.5% YoY
Avg Grant Size
$14K
+18.3% YoY
Mission & Focus Areas
The foundation's mission focuses on promoting preventive programs that assist low- and moderate-income residents in achieving their personal goals and reaching their potential. The foundation primarily funds programs that support:
- Food purchases and food security
- Secure and stable housing for young parents
- Vocational skills training
- Educational initiatives, including children's literacy programs
- Community development and health and human services
Grantmaking
The foundation also provides corporate sponsorships for events and programs including dinner fundraisers, walk-a-thons, community concert series, golf tournaments, theatrical performances, chamber of commerce events, and sporting events.
Review Cycle
per year:
How to Apply
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Geographic Focus
Where this funder awards grants
- Central, eastern, western, and shoreline areas of Connecticut
- Greater Hartford region
- Middlesex County
- Greater New London
- Greater Springfield, Massachusetts
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $43,082,367
- Total revenues: $2,750,520
- Total expenses: $2,328,542
- Annual giving: $2.1 million (2024)
As of 2023:
- Total assets: $40,816,789
- Total giving: $1,453,742
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $43,082,367 | $40,816,789 | $27,822,984 |
| Revenue | $2,750,520 | $10,957,205 | $2,750,700 |
| Expenses | $2,328,542 | $1,583,330 | $1,665,271 |
| Qualifying Distributions | $2,080,606 | $1,453,742 | $1,561,183 |
| Net Investment Income | $2,508,883 | $786,647 | $578,612 |
| Distributable Amount | $2,102,997 | $1,481,895 | $1,415,804 |
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
250 grants across all recorded years
Open Grants
2 open opportunities from Liberty Bank Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
David W. Glidden serves as President and CEO of Liberty Bank and President of the Liberty Bank Foundation. The foundation emphasizes a "Be Community Kind" philosophy as a guiding standard for community investments.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID GLIDDEN | PRESIDENT AND CEO | 1.2 | — |
| DR ELSA NUNEZ | DIRECTOR | 1.2 | — |
| KATHY DOUCETTE | TREASURER | 1.2 | — |
| LIBERTY BANK | SUBSTANTIAL CONTRIBUTOR | — | — |
| MARY FABER | ASSISTANT SECRETARY | 1.2 | — |
| MINNIE SALEH | DIRECTOR | 1.2 | — |
| ROBERT PARRY | DIRECTOR | 1.2 | — |
| SUSAN MARTIN | DIRECTOR | 1.2 | — |
| TIM RYAN | CHAIRMAN | 1.2 | — |
| TORAL MAHER | EXECUTIVE DIRECTOR/ SECRETARY | 40 | — |
Recent News & Activity
Recent developments and announcements
**2024 Thanksgiving Drive:** In collaboration with 40 local Rotary Clubs and the Community Foundation of Middlesex County, the foundation's 21st Annual Thanksgiving Drive raised $728,712. The foundation provided a 25-cent match for each dollar raised by Rotary Clubs, with proceeds benefiting over 80 organizations addressing food insecurity across the foundation's footprint.
**2024 Grant Approvals:** The foundation approved $303,000 in grants in October 2024.
**2024 Community Impact:** Liberty Bank announced record-breaking community impact in 2024, with the bank and foundation awarding grants and sponsorships totaling $2.85 million in 2023, plus over $760,000 in Community Reinvestment Act giving.
**Employee Engagement:** In 2023, Liberty Bank teammates logged 13,722 volunteer hours supporting 422 organizations and raised just over $300,000 during the bank's annual fundraising campaign for Middlesex United Way.
**22nd Annual Thanksgiving Drive:** The foundation launched its 22nd Annual Thanksgiving Drive in October 2025 in partnership with 41 Rotary Clubs and the Community Foundation of Middlesex County.
Contact Information
Address: 245 Long Hill Road, Middletown, CT 06457-4063
Phone: 860-638-2961
Email for Grant Inquiries: tmaher@liberty-bank.com (recommended for pre-application consultation)
Website: www.liberty-bank.com/foundation
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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