Peoplesbank Charitable Foundation Inc
Peoplesbank Charitable Foundation Inc is a 501(c)(3) private foundation based in Holyoke, Massachusetts. The foundation was established in 2017 and operates as a corporate foundation dedicated to supporting charitable causes within its service communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.9M
+0.7% YoY
Annual Giving
$606K
+26.3% YoY
Grant Count
102
+96.2% YoY
Avg Grant Size
$6K
-35.6% YoY
Under IRS private-foundation payout rules, Peoplesbank Charitable Foundation Inc reported a distributable amount of $333K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation is committed to supporting the communities it serves through philanthropic contributions. Based on recent grant activity, the foundation supports organizations focused on arts and culture, youth development, community economic development, and cultural programming.
Grantmaking
The foundation accepts applications directly from 501(c)(3) organizations. Grant requests should not be for operating costs, payroll, salaries, or stipends. Organizations may submit only one application to the foundation annually.
Grant Range
$8,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation serves communities within its footprint, with demonstrated funding activity in Massachusetts, including Holyoke, Amherst, and Springfield.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $6.87 million
- Total Liabilities: $0
- Revenue: $292,000
- Expenses: $567,000
- Annual Giving: Approximately $480,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,920,305 | $6,873,179 | $6,554,194 |
| Revenue | $574,822 | $291,617 | $419,326 |
| Expenses | $675,376 | $566,697 | $396,337 |
| Qualifying Distributions | $627,394 | $501,978 | $318,967 |
| Net Investment Income | $545,635 | $240,330 | $407,240 |
| Distributable Amount | $333,241 | $319,241 | $319,397 |
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
141 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bay Path University ($26,250), Behavioral Health Network ($25,000), Boys & Girls Club of Greater Holyoke ($18,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ALL OUT ADVENTURES NORTHAMPTON, MA | EXEMPT PURPOSE | $1,000 |
| AMHERST EDUCATION FOUNDATION INC AMHERST, MA | EXEMPT PURPOSE | $1,100 |
| BAY PATH UNIVERSITY LONGMEADOW, MA | EXEMPT PURPOSE | $26,250 |
| BE LIKE KAT INC SPRINGFIELD, MA | EXEMPT PURPOSE | $500 |
| BEHAVIORAL HEALTH NETWORK SPRINGFIELD, MA | EXEMPT PURPOSE | $25,000 |
| BERKSHIRE HILLS MUSIC ACADEMY SOUTH HADLEY, MA | EXEMPT PURPOSE | $5,000 |
| BIG BROTHERS BIG SISTERS OF HAMPSHIRE COUNTY AMHERST, MA | EXEMPT PURPOSE | $2,500 |
| BIKE WEST HARTFORD INC WEST HARTFORD, MA | EXEMPT PURPOSE | $1,000 |
| BIKES FIGHT CANCER EASTHAMPTON, MA | EXEMPT PURPOSE | $1,000 |
| BLEEDING BLUE FOR GOOD TRUMBULL, CT | EXEMPT PURPOSE | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS SENECAL | CEO/CHAIRMAN | 1 | — |
| BRIAN CANINA | PRESIDENT/COO/DIRECTOR | 1 | — |
| HAYES MURRAY | CFO/TREASURER/CLERK/DIRECTOR | 1 | — |
| ALEDA DEMARIA | DIRECTOR | 1 | — |
| AMY ROBERTS | DIRECTOR | 1 | — |
| MATTHEW BANNISTER | CRO | 1 | — |
| FRANK CRINELLA | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has maintained consistent grant-making activity, awarding grants to local organizations supporting arts, culture, and youth development initiatives in its service communities.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Peoplesbank Charitable Foundation Inc fund?
The foundation is committed to supporting the communities it serves through philanthropic contributions. Based on recent grant activity, the foundation supports organizations focused on arts and culture, youth development, community economic development, and cultural programming.
How do I apply for a grant from Peoplesbank Charitable Foundation Inc?
**Grant Activity & Capacity:** • Annual giving: Approximately $480,000 (2023) • Total assets: $6.87 million (2023) • Number of grants awarded: 52 (2023) • Median grant size: $8,000 • Grant range: $1,000 - $50,000 • Giving rate: 7.0% of assets **Application Process:** The foundation accepts applications directly from 501(c)(3) organizations. Grant requests should not be for operating costs, payroll, salaries, or stipends. Organizations may submit only one application to the foundation annually. …
Where does Peoplesbank Charitable Foundation Inc make grants?
The foundation serves communities within its footprint, with demonstrated funding activity in Massachusetts, including Holyoke, Amherst, and Springfield.
What size grants does Peoplesbank Charitable Foundation Inc award?
In 2024, Peoplesbank Charitable Foundation Inc awarded 102 grants totaling $606K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Peoplesbank Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Peoplesbank Charitable Foundation Inc reported a distributable amount of $333K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Peoplesbank Charitable Foundation Inc's EIN?
Peoplesbank Charitable Foundation Inc's EIN (Employer Identification Number) is 82-0954751. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Peoplesbank Charitable 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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