Peoples United Community Foundation
Peoples United Community Foundation is a private foundation, based in Bridgeport, CT. IRS filing data is available from 2020 through 2022. In 2022, it awarded 2 grants totaling $60.9M. Net investment income was $2.5M.
Peoples United Community Foundation at a glance
In short: Peoples United Community Foundation gave $60.9M across 2 grants in 2022 (avg $30.5M), mostly in New York. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $60,926,428
- +1901.5% vs 2021
- Grants made (2022)
- 2
- +100.0% vs 2021
- Average grant
- $30,463,214
- +900.7% vs 2021
- Median grant
- $30,463,214
- Primary geography
- New York (98% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Peoples United Community Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2022
The largest 2022 recipient was The MT Charitable Foundation ($59.8M). Together the top 2 received $60.9M.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $1–5M range: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 2 itemized grants.
States
Cities
How Peoples United Community Foundation gives
- In 2022 it paid out 77% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $3.0M (2021) to $60.9M (2022). In 2022 it made 2 grants totaling $60.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The MT Charitable Foundation Buffalo, NY | Transfer of assets upon termination | $59,758,743 |
| See Attachment Bridgeport, CT | See Attachment | $1,167,685 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | $2,660,856 | $61,183,242 | $60,926,428 | 2 | $1,351,288 | $2,534,350 | $1,745,080 |
| 2021 | $64,766,028 | $6,100,341 | $3,646,984 | $3,044,089 | 1 | $3,451,154 | $5,661,458 | $3,028,081 |
| 2020 | $57,495,914 | $4,323,533 | $3,602,948 | $3,053,376 | 1 | — | $3,906,669 | $2,504,563 |
Under IRS private-foundation payout rules, Peoples United Community Foundation reported a distributable amount of $1.7M for 2022 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Peoples United Community Foundation is led by Karen T Galbo, Chairman since 2022 (on filings since 2020); 4 of 12 officers listed in 2022 are compensated.
Officers on the 2022 filing
Karen T Galbo
Chairman
Executive Director → Chairman, 2022
On filings since 2020
40 hrs/week
$109K (2020) → $29K (2022)
Armando F Goncalves
Director
On filings since 2020
1 hr/week
No compensation reported
George P Carter
Director
On filings since 2020
1 hr/week
No compensation reported
Jack P Barnes
Director
Chairman → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Louise T Sandberg
Director
On filings since 2020
1 hr/week
No compensation reported
Robert B Dannies Jr.
Director
On filings since 2020
1 hr/week
No compensation reported
Sara H Longobardi
Director
On filings since 2020
1 hr/week
No compensation reported
Jeffrey J Tengel
Director
New on the 2022 filing
1 hr/week
No compensation reported
Lia T Martino
Committee Program Special
On filings since 2020
30 hrs/week
$42K (2020) → $15K (2022)
Marina C Henninger
Treasurer
On filings since 2020
1 hr/week
$5K (2020) → $1K (2022)
Nancy A Bigonette
Committee Impact COO
On filings since 2020
30 hrs/week
$43K (2020) → $14K (2022)
Kristy Berner
Secretary
New on the 2022 filing
1 hr/week
No compensation reported
Former officers (11)
- Former: Arthur F Casavant (2020–2021) — Vice President
- Former: Daniel P Thornton (2020–2021) — Vice President
- Former: Dianne M Mercier (2020–2021) — Vice President
- Former: Jack G Bundschuh (2020–2021) — Vice President
- Former: Jeff J Tengel (2020–2021) — Director
- Former: John B Eagan (2020–2021) — Secretary
- Former: John T Mast (2020–2021) — Vice President
- Former: Kathleen E Jones (2020–2021) — Vice President
- Former: Michael J Casparino (2020–2021) — Vice President
- Former: Michael L Seaver (2020–2021) — Vice President
- Former: Patrick J Sullivan (2020–2021) — Vice President
Data from IRS Form 990 filings, 2020–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $29K, to Karen T Galbo (Chairman). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Peoples United Community Foundation
How much does Peoples United Community Foundation give each year?
Peoples United Community Foundation gave $60.9M across 2 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $3.0M across 1 grant.
Where does Peoples United Community Foundation operate?
Peoples United Community Foundation has awarded grants in Connecticut, New York.
How much is Peoples United Community Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Peoples United Community Foundation reported a distributable amount of $1.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Peoples United Community Foundation's EIN?
Peoples United Community Foundation's EIN (Employer Identification Number) is 20-8675365. IRS Form 990 filing data is available on this page for 2020–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
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