Newtown Savings Bank Foundation Inc
Newtown Savings Bank Foundation Inc is a private foundation based in Newtown, Connecticut. It provides funding to nonprofits that support families and individuals with financial need in its communities.
Key facts about Newtown Savings Bank Foundation Inc
In short: Newtown Savings Bank Foundation Inc gave $334K across 91 grants in 2025 (avg $4K), mostly in Connecticut. 12% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 06-1514980
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $334,000
- Grants made (2025)
- 91
- Average grant
- $3,670
- Median grant
- $2,000
- New grantees (estimate)
- 12% first-time grantees (11 of 91, 2025)
- Total assets
- $8,024,079
- Primary geography
- Connecticut (99% of itemized 2025 grant dollars)
- How to apply
- Submit an application in writing. Full details ↓
- Deadline
- None stated on the 2023 filing.
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$8.0M
+13.4% YoY
Annual Giving
$334K
+44.9% YoY
Grant Count
91
+24.7% YoY
Avg Grant Size
$4K
+16.2% YoY
Under IRS private-foundation payout rules, Newtown Savings Bank Foundation Inc reported a distributable amount of $360K for 2025 — the minimum it must pay out in qualifying distributions.
Is Newtown Savings Bank Foundation Inc open to new grantees?
12%
first-time grantees, 2025
In 2025, 11 of 91 grantees (12%) were first-time recipients. First grants averaged $2K; repeat grants $4K. How we count
Medians: $2K first-time, $2K repeat.
- 73% of 2025 grantees were also funded in 2024. Method
- Giving grew 33% from 2022 to 2025. Method
- In 2025 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s grant program supports nonprofits serving people with financial need. Its stated focus areas include affordable housing, economic development, vocational training, financial education, and life skills.
Examples of grantees’ work include Team Inc’s efforts to address poverty through education, support, and opportunities; Housatonic Habitat for Humanity’s affordable homeownership and home-repair work; and Real Food CT’s work to improve access to healthy food and address hunger. Newtown Youth & Family Services describes its work as providing mental health services and other support to children and families in the greater Newtown area.
Grantmaking
In 2025, the foundation awarded 91 grants totaling $334,000. Awards ranged from $1,000 to $25,000, with a median grant of $2,000. Notable 2025 grants included $25,000 to Team Inc, $21,000 to Building Neighborhoods Together, $18,500 to Habitat for Humanity of Coastal Fairfield County, and $17,000 to United Way of Western Connecticut. Other recipients included Housatonic Habitat for Humanity ($12,500), Horizons at Sacred Heart University ($10,000), and Lifebridge Community Services ($10,000).
Review Cycle
. It also says grants are limited to applicants in Newtown and the surrounding area and communities with Newtown Savings Bank branches.
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
Ready to take the next step with Newtown Savings Bank Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation’s stated geographic restriction is applicants in Newtown and the surrounding area, and communities with Newtown Savings Bank branches. In 2025, 99% of grant dollars went to Connecticut recipients and 1% to Illinois recipients.
Grant Distribution by State
Share of 2025 grant dollars across all 91 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $88K (2019) to $334K (2025). In 2025 it made 91 grants totaling $334K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Team Inc ($25K). Together the top 10 received $136K.
Grant Size Distribution
358 grants across all recorded years
The most common grant size was under $50K: 358 grants of 358 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Team Inc Derby, CT | Exempt Purpose | $25,000 |
| Building Neighborhoods Together Bridgeport, CT | Exempt Purpose | $21,000 |
| Habitat for Humanity of Coastal Fairfield County Bridgeport, CT | Exempt Purpose | $18,500 |
| United Way of Western Connecticut Danbury, CT | Exempt Purpose | $17,000 |
| Housatonic Habitat for Humanity Danbury, CT | Exempt Purpose | $12,500 |
| Horizons at Sacred Heart University Fairfield, CT | Exempt Purpose | $10,000 |
| Lifebridge Community Services Bridgeport, CT | Exempt Purpose | $10,000 |
| Connecticut Institute for Communities Danbury, CT | Exempt Purpose | $7,500 |
| Real Food CT Newtown, CT | Exempt Purpose | $7,000 |
| Sacred Heart University's Discovery Science Center Bridgeport, CT | Exempt Purpose | $7,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grant total | Number of grants |
|---|---|---|
| 2025 | $334,000 | 91 |
| 2024 | $230,500 | 73 |
| 2023 | $199,500 | 75 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $8,024,079 | $7,076,237 | $5,393,611 |
| Revenue | $668,711 | $590,139 | $1,103,684 |
| Expenses | $399,111 | $288,147 | $227,104 |
| Qualifying Distributions | $336,450 | $232,800 | $199,539 |
| Net Investment Income | $295,512 | $238,818 | $137,511 |
| Distributable Amount | $360,110 | $309,609 | $249,696 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 14, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 6, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Kenneth L. Weinstein as President & CEO; Lindsey B. Kopp as SVP/CFO (as of June 1, 2025); Julia Douglas as Secretary; and John F. Trentacosta as Chairman. Directors listed are Carrie L. Amos, Isabel C. Almeida, Alan J. Clavette, James A. Kennedy, Carol L. Mahoney, and Glenn J. Nanavaty.
Newtown Savings Bank Foundation Inc is led by Kenneth L. Weinstein, President & CEO since 2025 (on filings since 2019); none of the 15 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kenneth L. Weinstein
President & CEO
President & CEO → President & Director, 2021
President & Director → President & CEO, 2025
On filings since 2019
1 hr/week
No compensation reported
John F. Trentacosta
Chairman
Director → Chairman, 2025
On filings since 2021
1 hr/week
No compensation reported
Alan J. Clavette
Director
On filings since 2019
1 hr/week
No compensation reported
Brian C. White
Director
On filings since 2019
1 hr/week
No compensation reported
Carol L. Mahoney
Director
On filings since 2019
1 hr/week
No compensation reported
James A. Kennedy
Director
On filings since 2019
1 hr/week
No compensation reported
Laureen A. Trotto
Director
On filings since 2019
1 hr/week
No compensation reported
Carrie L. Amos
Director
On filings since 2021
1 hr/week
No compensation reported
Glenn J. Nanavaty
Director
On filings since 2024
1 hr/week
No compensation reported
Isabel C. Almeida
Director
On filings since 2024
1 hr/week
No compensation reported
David J. Cappiello
Director
New on the 2025 filing
1 hr/week
No compensation reported
William J. McCarthy
Senior Vice President & CFO
Senior Vice President → Senior Vice President - CFO, 2024
Senior Vice President - CFO → Senior Vice President & CFO, 2025
On filings since 2019
1 hr/week
No compensation reported
Julia Douglas
Secretary
On filings since 2022
1 hr/week
No compensation reported
Daniel Rosenthal
First Vice President
New on the 2025 filing
1 hr/week
No compensation reported
Lindsey B. Kopp
Senior Vice President & CFO
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (5)
- Former: James T. Morley Jr. (2019–2023) — Director
- Former: William A. Brimmer Jr. (2019–2023) — Director
- Former: John J. Martocci (2019–2021) — Director
- Former: Tanya Wulff Truax (2021) — Secretary
- Former: Tanya Wulff Traux (2019–2020) — Secretary
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: William J Mccarthy
Mailing address: Newtown Savings Bank 39 Main Street, Newtown, CT 06470
Phone: (203) 426-4440
Frequently asked questions about Newtown Savings Bank Foundation Inc
How much does Newtown Savings Bank Foundation Inc give each year?
Newtown Savings Bank Foundation Inc gave $334K across 91 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $231K across 73 grants.
What is Newtown Savings Bank Foundation Inc's typical grant size?
Newtown Savings Bank Foundation Inc's median grant in 2025 was $2,000, and its average grant was $3,670, across 91 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Newtown Savings Bank Foundation Inc that year got $2K on average.
Where does Newtown Savings Bank Foundation Inc give grants?
Newtown Savings Bank Foundation Inc gives mostly in Connecticut: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Danbury, CT (23 grants), Bridgeport, CT (17 grants), Newtown, CT (9 grants) and Trumbull, CT (8 grants).
Who are Newtown Savings Bank Foundation Inc's largest grantees?
Newtown Savings Bank Foundation Inc's largest 2025 grantees include Team Inc ($25,000), Building Neighborhoods Together ($21,000) and Habitat for Humanity of Coastal Fairfield County ($18,500), according to its 2025 IRS Form 990-PF. Together they received 19% of its itemized 2025 grant dollars.
How large is Newtown Savings Bank Foundation Inc?
Newtown Savings Bank Foundation Inc reported $8.0M in total assets on its 2025 IRS Form 990-PF. It paid out $336K in qualifying distributions that year, against a required minimum of $360K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Newtown Savings Bank Foundation Inc fund?
The foundation’s grant program supports nonprofits serving people with financial need. Its stated focus areas include affordable housing, economic development, vocational training, financial education, and life skills. See mission & focus areas ↑
How do I apply for a grant from Newtown Savings Bank Foundation Inc?
Submit an application in writing. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Newtown Savings Bank Foundation Inc's EIN?
Newtown Savings Bank Foundation Inc's EIN (Employer Identification Number) is 06-1514980. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Newtown Savings Bank Foundation Inc by hand.
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