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
Under IRS private-foundation payout rules, Newtown Savings Bank Foundation Inc reported a distributable amount of $310K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Building Neighborhoods Together ($15,000), Housatonic Habitat for Humanity ($11,000), Lifebridge Community Services ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMOS HOUSE DANBURY, CT | EXEMPT PURPOSE | $2,000 |
| BETHEL HIGH SCHOOL BETHEL, CT | EXEMPT PURPOSE | $1,000 |
| BETHEL SOCIAL SERVICES BETHEL, CT | EXEMPT PURPOSE | $2,000 |
| BOYS AND GIRLS VILLAGE MILFORD, CT | EXEMPT PURPOSE | $1,000 |
| BOY SCOUTS - CONNECTICUT YANKEE COUNCIL MILFORD, CT | EXEMPT PURPOSE | $5,000 |
| BRIDGEPORT RESCUE MISSION BRIDGEPORT, CT | EXEMPT PURPOSE | $3,000 |
| BROOKFIELD HIGH SCHOOL BROOKFIELD, CT | EXEMPT PURPOSE | $1,000 |
| BUILDING NEIGHBORHOODS TOGETHER BRIDGEPORT, CT | EXEMPT PURPOSE | $15,000 |
| CATHOLIC CHARITIES OF FAIRFIELD COUNTY BRIDGEPORT, CT | EXEMPT PURPOSE | $5,000 |
| COMMUNITY SERVICES COUNCIL OF WOODBURY WOODBURY, CT | EXEMPT PURPOSE | $2,000 |
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
Frequently Asked Questions
What does Newtown Savings Bank Foundation Inc fund?
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.
How do I apply for a grant from Newtown Savings Bank Foundation Inc?
**Grant Characteristics:** • Typical award range: $500–$25,000 • Applications accepted year-round • Disbursements occur on a quarterly basis • The Board of Trustees approves an annual budget representing at least 5% of the fund balance at fiscal year end **Annual Giving Patterns:** • The foundation traditionally provides at least one college scholarship donation annually in each of the bank's primary communities • The foundation provides a donation to at least one social service agency annually…
Where does Newtown Savings Bank Foundation Inc make 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
What size grants does Newtown Savings Bank Foundation Inc award?
In 2024, Newtown Savings Bank Foundation Inc awarded 73 grants totaling $231K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Newtown Savings Bank Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Newtown Savings Bank Foundation Inc reported a distributable amount of $310K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Newtown Savings Bank Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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