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.
Key facts about Peoplesbank Charitable Foundation Inc
- EIN
- 82-0954751
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $605,800
- Grants made (2024)
- 102
- Average grant
- $5,939
- Median grant
- $3,750
- Total assets
- $6,920,305
- Primary geography
- Massachusetts (79% of itemized 2024 grant dollars)
- How to apply
- The foundation accepts applications directly from 501(c)(3) organizations. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Peoplesbank Charitable Foundation Inc funds
By grant dollars, the top recipient states for Peoplesbank Charitable Foundation Inc's 102 itemized 2024 grants were Massachusetts (79%) and Connecticut (18%). The most frequent recipient cities were Springfield, MA (21 grants), Holyoke, MA (9 grants), Hartford, CT (6 grants) and Northampton, MA (6 grants). None of its 102 grants with a stated purpose were described as general or operating support. Recurring purposes include "Exempt Purpose" (102 grants).
How Peoplesbank Charitable Foundation Inc gives
- 21% of 2024 grantees were also funded in 2023. Method
- Giving grew 102% from 2021 to 2024. Method
- In 2024 it paid out 188% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Peoplesbank Charitable Foundation Inc
- How to evaluate Peoplesbank Charitable Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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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
Grant Range
$8,000
How to Apply
**
Ready to take the next step with Peoplesbank Charitable Foundation Inc?
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
Share of all 102 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
195 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include The Food Bank of Western Mass ($50,000), Springfield Day Nursery DBA Square One ($39,000), Bay Path University ($26,250).
| Recipient | Purpose | Amount |
|---|---|---|
| THE FOOD BANK OF WESTERN MASS Ware, MA | EXEMPT PURPOSE | $50,000 |
| SPRINGFIELD DAY NURSERY DBA SQUARE ONE Springfield, MA | EXEMPT PURPOSE | $39,000 |
| BAY PATH UNIVERSITY Longmeadow, MA | EXEMPT PURPOSE | $26,250 |
| BEHAVIORAL HEALTH NETWORK Springfield, MA | EXEMPT PURPOSE | $25,000 |
| THE CARE CENTER Holyoke, MA | EXEMPT PURPOSE | $20,000 |
| SPIRIT OF SPRINGFIELD Springfield, MA | EXEMPT PURPOSE | $19,000 |
| BOYS & GIRLS CLUB OF GREATER HOLYOKE Holyoke, MA | EXEMPT PURPOSE | $18,500 |
| BLEEDING BLUE FOR GOOD Trumbull, CT | EXEMPT PURPOSE | $15,000 |
| BOYS & GIRLS CLUB OF CHICOPEE INC Chicopee, MA | EXEMPT PURPOSE | $10,000 |
| CHRISTINA'S HOUSE Springfield, MA | EXEMPT PURPOSE | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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?
The foundation accepts applications directly from 501(c)(3) organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.