North Easton Savings Bank
North Easton Savings Bank is associated with a private foundation based in South Easton, Massachusetts, that makes grants to nonprofit organizations benefiting disadvantaged populations in communities served by the bank. The bank describes its broader community work as investing locally to improve the quality of living, working, and raising a family in the communities it serves.
North Easton Savings Bank at a glance
In short: North Easton Savings Bank gave $414K across 162 grants in 2025 (avg $3K), mostly in Massachusetts. 33% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $413,945
- +22.2% vs 2024
- Grants made (2025)
- 162
- +20.0% vs 2024
- Average grant
- $2,555
- +1.8% vs 2024
- Median grant
- $1,000
- Total assets
- $92,766
- -81.6% vs 2024
- New grantees (estimate)
- 33% first-time grantees (54 of 162, 2025)
- Primary geography
- Massachusetts (99% 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 North Easton Savings Bank
- How to Apply
-
The filing identifies Courtney Palm as the contact for applications. Applicants should submit the online donation application and the listed supporting materials. Grants support nonprofits serving disadvantaged populations in communities served by the bank and are available for one-time projects or program expansion.
- Review Cycle
- Applications are due April 30 for the June cycle and October 31 for the December cycle.
- Deadline
- Applications are due April 30 for the June cycle and October 31 for the December cycle.
- Contact
Application contact: Courtney Palm
Mailing address: 20 Eastman Street, South Easton, MA 02375
Phone: (617) 439-2135
Email: cpalm@northeastonsavingsbank.com
Website: https://www.northeastonsavingsbank.com/
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who North Easton Savings Bank funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was My Brother's Keeper Inc ($47K). Together the top 10 received $153K.
Grant Size Distribution
400 grants across all recorded years
The most common grant size was under $50K: 400 grants of 400 (100%).
Geographic Focus
Where this funder awards grants
The foundation’s stated grantmaking area is communities served by North Easton Savings Bank. In 2025, 99% of grant dollars went to recipients in Massachusetts and 1% to recipients in Washington, DC; Rhode Island and Virginia each accounted for less than 1% in the reported state breakdown. Listed Massachusetts recipients include organizations and municipalities in South Easton, Brockton, Norton, Mansfield, Stoughton, Carver, North Easton, and Whitman.
Grant Distribution by State
Share of 2025 grant dollars across all 162 itemized grants.
Cities
Is North Easton Savings Bank open to new grantees?
33%
first-time grantees, 2025
In 2025, 54 of 162 grantees (33%) were first-time recipients. First grants averaged $2K; repeat grants $3K. How we count
Medians: $1K first-time, $2K repeat.
- 60% of 2025 grantees were also funded in 2024. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2023–2025). 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 2023 to 2025, annual grant giving ranged from $312K (2023) to $414K (2025). In 2025 it made 162 grants totaling $414K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| My Brother's Keeper Inc South Easton, MA | General Operating Support | $46,758 |
| Old Colony YMCA Brockton, MA | General Operating Support | $25,400 |
| Town of Norton Norton, MA | General Operating Support | $13,000 |
| Town of Mansfield Mansfield, MA | General Operating Support | $12,750 |
| Society of St Vincent De Paul in the Archdiocese of Boston Inc Stoughton, MA | General Operating Support | $11,250 |
| Habitat for Humanity of Greater Plymouth Carver, MA | General Operating Support | $10,000 |
| Town of Easton North Easton, MA | General Operating Support | $10,000 |
| Natural Resources Trust of Easton North Easton, MA | General Operating Support | $8,837 |
| Mansfield Youth Football & Cheer Mansfield, MA | General Operating Support | $7,500 |
| Town of Whitman Whitman, MA | General Operating Support | $7,500 |
Ready to take the next step with North Easton Savings Bank?
Financial History
Multi-year comparison from IRS filings
The foundation stated in its 2025 filing that grants paid during the year exceeded 25% of its net assets at the start of the reporting period, resulting in a substantial contraction. It also stated that it did not intend or expect to dissolve or terminate in the foreseeable future.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $92,766 | $6,882 | $417,996 | $413,945 | 162 | $415,270 | $5,557 | $14,459 |
| 2024 | $503,120 | $24,232 | $342,834 | $338,797 | 135 | $340,547 | $22,982 | $33,730 |
| 2023 | $820,597 | $1,128,978 | $312,721 | $311,585 | 103 | $312,296 | $27,703 | $42,343 |
| 2022 | $2,000 | $2,000 | — | — | — | — | — | — |
Under IRS private-foundation payout rules, North Easton Savings Bank reported a distributable amount of $14K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The bank’s stated mission is to invest time and resources locally to improve the quality of living, working, and raising a family in the communities it serves. Foundation grants support nonprofit organizations whose work benefits disadvantaged populations in those communities. Grants are available for one-time projects or program expansion.
Grantee missions illustrate the kinds of organizations receiving support. My Brother’s Keeper says it provides furniture, household items, related services, and food to people and families in southeastern Massachusetts who seek assistance. Habitat for Humanity of Greater Plymouth describes its mission as creating decent, affordable housing for people in need in its service area. The Charity Guild says it provides food, clothing, and household goods to people unable to meet their primary needs. Other 2025 recipients included organizations whose stated missions address homelessness, services for people with disabilities, veterans’ needs, youth development, and conservation.
Grantmaking
In filing year 2025, the foundation reported 162 grants totaling $413,945. Awards ranged from $50 to $46,758, with a median grant of $1,000. The largest award listed was $46,758 to My Brother’s Keeper Inc. in South Easton for general operating support. Other notable grants included $25,400 to Old Colony YMCA, $13,000 to the Town of Norton, $12,750 to the Town of Mansfield, and $11,250 to the Society of St Vincent De Paul in the Archdiocese of Boston Inc. The filing also lists $10,000 grants to Habitat for Humanity of Greater Plymouth and the Town of Easton.
Applicants must complete the donation application available through the bank’s community-giving page and be prepared to provide a signed W-9, a copy of the organization’s 501(c)(3) IRS designation letter, a formal grant request letter, and materials verifying service to low-to-moderate-income communities. Examples of verification include an annual report or brochure describing the income demographics served, or a letter from the executive director stating the percentage of low-to-moderate-income individuals benefiting from programs. The foundation states that it does not limit giving to preselected organizations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Richard Spencer as president; Aileen Zec as vice president; Charles Berkeley as treasurer and clerk; and Daniel Horgan, Kristina McGill, Courtney Palm, and William Alford as directors. The filing notes that Alford’s directorship ended in April 2025 and McGill’s began that month.
North Easton Savings Bank is led by Richard Spencer, President on every filing since 2022; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard Spencer
President
On filings since 2022
0.5 hrs/week
No compensation reported
Courtney Palm
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Daniel Horgan
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Paul Schleicher
Director
On filings since 2022
0.5 hrs/week
No compensation reported
William Alford
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Kristina McGill
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Aileen Zec
Vice President
On filings since 2022
0.5 hrs/week
No compensation reported
Charles Berkeley
Treasurer & Clerk
On filings since 2022
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about North Easton Savings Bank
How much does North Easton Savings Bank give each year?
North Easton Savings Bank gave $414K across 162 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $339K across 135 grants.
What is North Easton Savings Bank's typical grant size?
North Easton Savings Bank's median grant in 2025 was $1,000, and its average grant was $2,555, across 162 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from North Easton Savings Bank that year got $2K on average.
Where does North Easton Savings Bank give grants?
North Easton Savings Bank gives mostly in Massachusetts: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Brockton, MA (19 grants), North Easton, MA (16 grants), Mansfield, MA (15 grants) and Norton, MA (13 grants).
Does North Easton Savings Bank give general operating support?
Yes: 98% of North Easton Savings Bank's 2025 grants with a stated purpose (158 of 162) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are North Easton Savings Bank's largest grantees?
North Easton Savings Bank's largest 2025 grantees include My Brother's Keeper Inc ($46,758), Old Colony YMCA ($25,400) and Town of Norton ($13,000), according to its 2025 IRS Form 990-PF. Together they received 21% of its itemized 2025 grant dollars.
How large is North Easton Savings Bank?
North Easton Savings Bank reported $93K in total assets on its 2025 IRS Form 990-PF. It paid out $415K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets).
What does North Easton Savings Bank fund?
The bank’s stated mission is to invest time and resources locally to improve the quality of living, working, and raising a family in the communities it serves. Foundation grants support nonprofit organizations whose work benefits disadvantaged populations in those communities. See mission & focus areas ↑
How do I apply for a grant from North Easton Savings Bank?
The filing identifies Courtney Palm as the contact for applications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is North Easton Savings Bank's EIN?
North Easton Savings Bank's EIN (Employer Identification Number) is 92-1367525. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 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 May 6, 2026)
- IRS filings on file for fiscal years 2022–2024
Live grants for the work North Easton Savings Bank funds
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Browse active grant opportunities in North Easton Savings Bank's focus areas in our free grants database
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Cite this profile
Grantable. (2026). North Easton Savings Bank funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/north-easton-savings-bank-morg_f1df732902824a7ba30671e5dc65bddd
BibTeX
@misc{grantable_921367525_2026,
author = {{Grantable}},
title = {{North Easton Savings Bank funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/north-easton-savings-bank-morg_f1df732902824a7ba30671e5dc65bddd},
note = {Accessed 2026-10-17. 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 North Easton Savings Bank'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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