Newtown Savings Bank Foundation Inc
The Newtown Savings Bank Foundation is a Section 501(c)(3) corporate foundation based in Newtown, Connecticut. Established in 1997, the foundation is affiliated with Newtown Savings Bank, a community bank founded in 1855. The foundation provides funding to nonprofit organizations that support families and individuals in financial need within the bank's service communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.1M
+31.2% YoY
Annual Giving
$231K
+15.5% YoY
Grant Count
73
-2.7% YoY
Avg Grant Size
$3K
+18.7% YoY
Mission & Focus Areas
The foundation supports organizations involved with:
- Affordable Housing
- Economic Development
- Financial Education
- Education (including scholarship programs)
- Health
- Human Services
The foundation prioritizes organizations where Newtown Savings Bank employees are actively volunteering and focuses charitable giving on towns where the bank has branch locations and neighboring communities.
Grantmaking
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Connecticut, with particular emphasis on:
- Newtown
- Towns with Newtown Savings Bank branch locations
- Neighboring communities in western Connecticut
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024 (ending September 30, 2024):
- Total Assets: $7,076,237
- Total Revenues: $590,139
- Total Expenses: $288,147
- Total Liabilities: $0
- Total Grants Made: $148,000+ (54 grants)
Historical Context:
- Since 2005, the foundation has granted over $650,000 to various educational and charitable initiatives
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,076,237 | $5,393,611 | $3,783,270 |
| Revenue | $590,139 | $1,103,684 | $911,218 |
| Expenses | $288,147 | $227,104 | $284,712 |
| Qualifying Distributions | $232,800 | $199,539 | $252,000 |
| Net Investment Income | $238,818 | $137,511 | $98,294 |
| Distributable Amount | $309,609 | $249,696 | $214,552 |
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
246 grants across all recorded years
Open Grants
2 open opportunities from Newtown Savings Bank Foundation Inc
Newtown Savings Bank Foundation Grant
NEWTOWN SAVINGS BANK FOUNDATION INC
Amount
Varies
Deadline
Rolling / Open
Newtown Savings Bank Foundation: Donation/Sponsorship Request Grant
NEWTOWN SAVINGS BANK FOUNDATION INC
Amount
Unspecified amount in in-kind support
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH L WEINSTEIN | PRESIDENT/DIRECTOR | 1 | — |
| WILLIAM J MCCARTHY | SVP - CFO | 1 | — |
| JULIA DOUGLAS | SECRETARY | 1 | — |
| CARRIE L AMOS | DIRECTOR | 1 | — |
| ISABEL C ALMEIDA | DIRECTOR | 1 | — |
| ALAN J CLAVETTE | DIRECTOR | 1 | — |
| JAMES A KENNEDY | DIRECTOR | 1 | — |
| CAROL L MAHONEY | DIRECTOR | 1 | — |
| GLENN J NANAVATY | DIRECTOR | 1 | — |
| JOHN F TRENTACOSTA | DIRECTOR | 1 | — |
| LAUREEN A TROTTO | DIRECTOR | 1 | — |
| BRIAN C WHITE | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
In 2024, the foundation distributed over $465,000 in total donations across 170+ organizations supported. The foundation continues to accept grant applications year-round to address community needs promptly.
2 Newtown Non-Profits Score Funding From Local Bank Foundation | Newtown,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.
What could you do with Newtown Savings Bank Foundation Inc on Grantable?
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