Northwest Community Bank Foundation Inc
Northwest Community Bank Foundation Inc is a corporate foundation based in Winsted, Connecticut. Established following the 2021 consolidation of Collinsville Bank and Litchfield Bancorp into Northwest Community Bank, the foundation is dedicated to supporting nonprofit organizations that strengthen and enhance the quality of life in the communities it serves.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+2.2% YoY
Annual Giving
$204K
-38.0% YoY
Grant Count
125
+60.3% YoY
Avg Grant Size
$2K
-61.3% YoY
Mission & Focus Areas
The foundation's mission is to support nonprofit organizations that strengthen and enhance the quality of life in the communities served.
The foundation provides grants across four primary focus areas:
Education That Fuels Future Economic Success
- Youth development including early childhood education
- Financial education
- Employment skills and workforce development
- Women's empowerment
Safe and Affordable Housing
- Community development projects
- Maintenance and renovation projects
- Homebuyer programs
- Temporary housing and shelter
Basic Human Services
- Food and nutrition programs
- Fuel assistance
- Domestic violence programs
- Basic necessity assistance (clothing, etc.)
- Health services
Community Impact
- Disaster relief
- Environmental initiatives
- The arts
- Animal welfare
Grantmaking
The foundation operates two grant cycles annually. For 2025, the first cycle opens February 15th with applications due March 15th and award notifications by May 15th. The second cycle opens August 15th with applications due September 15th and notifications by November 15th.
Grant Range
approximately $1,600
Average Grant
approximately $1,600
Review Cycle
annually. For 2025, the first cycle opens February 15th with applications due March 15th and award notifications by May 15th. The second cycle opens August 15th with applications due September 15th and notifications by November 15th.
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Geographic Focus
Where this funder awards grants
The foundation primarily serves Connecticut communities, with preference given to organizations serving: Avon, Barkhamsted, Berlin, Bethlehem, Canaan, Colebrook, Cornwall, East Granby, East Haddam, East Hampton, Falls Village, Farmington, Goshen, Granby, Hartland, Kent, Litchfield, Morris, New Hartford, New Winsted, Norfolk, North Canaan, Salisbury, Sharon, Simsbury, Suffield, Torrington, Unionville, Washington, Winsted, and Woodstock, among others.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $1,055,016
- Total revenues: $218,169
- Total expenses: $227,050
- Total giving: $201,271–$204,491
- Giving rate: 19.1% of assets
- Number of grants: 123–126
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,055,016 | $1,032,334 | $934,936 |
| Revenue | $218,169 | $316,375 | $460,642 |
| Expenses | $227,050 | $337,686 | $422,465 |
| Qualifying Distributions | $224,705 | $335,459 | $418,455 |
| Net Investment Income | $11,073 | $9,256 | $6,632 |
| Distributable Amount | $54,776 | $50,483 | $52,683 |
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
150 grants across all recorded years
Open Grants
1 open opportunity from Northwest Community 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
The foundation is managed by a volunteer board of directors, including:
- Alan Colavecchio (Chair/Director)
- Paul McLaughlin (President)
Directors and officers serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Susan Atkins | Director | 1 | — |
| Jessica Bragg | Director (start 12/24) | 1 | — |
| Jane B Hinkel | Director | 1 | — |
| Charles Joseph | Director | 1 | — |
| Lori Riiska | Director (end 12/24) | 1 | — |
| William J Shea II | Director | 1 | — |
| Kevin Sullivan | Director | 1 | — |
| Raimie Weber | Director | 1 | — |
| Alan Colavecchio | Chair/Director | 1 | — |
| Brian McCormick | Vice-Chair/Director | 1 | — |
| Paul McLaughlin | President (end 4/24) | 1 | — |
| Maura Malo | V. Pres./Treas.(end 8/24)/President | 1 | — |
| Leslie Black | Treasurer (end 2/24) | 1 | — |
| Andre Motulski | Treasurer (start 8/24) | 1 | — |
| Lisa Partrick | Secretary | 1 | — |
Recent News & Activity
Recent developments and announcements
In 2025, Northwest Community Bank Foundation provided $547,097 of community support through its foundation as well as corporate and employee programs. The bank and foundation also contributed 3,875 volunteer hours to nonprofit organizations.
Community Foundation awards $31,800 in grants to youth-focused programs acrossThe foundation awarded $125,000 in grants to 62 nonprofit organizations in its 2025 fall cycle, supporting organizations across education, housing, human services, and community impact focus areas.
Community Foundation awards $31,800 in grants to youth-focused programs acrossSubject 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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