The CCSU Foundation Inc
The CCSU Foundation, inc. Was created in 1971, at the request of the university, as a vehicle to obtain private contributions to support educational programs and research at central Connecticut state university.
The CCSU Foundation Inc at a glance
In short: The CCSU Foundation Inc gave $1.1M across 2 grants in 2025 (avg $570K), mostly in Connecticut. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $1,139,323
- +44.3% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $569,662
- -27.8% vs 2024
- Median grant
- $569,662
- Total assets
- $110,056,247
- +7.5% vs 2024
- Primary geography
- Connecticut (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who The CCSU Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Central CT State University ($1.1M). Together the top 2 received $1.1M.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 9 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How The CCSU Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+1%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $789K (2024) to $1.1M (2025). In 2025 it made 2 grants totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Central CT State University New Britain, CT | Support CCSU Programs | $1,109,323 |
| Connecticut Aeronautical Historical Association Inc Windsor Locks, CT | Flight Simulator | $30,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $110,056,247 | $12,702,767 | $5,899,163 | $1,139,323 | 2 | $8,748,638 |
| 2024 | $102,355,827 | $7,649,091 | $5,008,544 | $789,319 | 1 | $5,198,359 |
| 2023 | $96,202,485 | $5,874,789 | $5,669,764 | $1,135,420 | 3 | $2,882,452 |
| 2022 | $90,256,311 | $11,725,462 | $5,451,902 | $1,131,234 | 2 | $8,078,259 |
| 2021 | $99,811,824 | $8,584,903 | $4,118,275 | $870,080 | 1 | $5,381,965 |
| 2020 | $81,174,111 | $5,053,801 | $4,108,347 | $911,082 | 1 | $2,354,769 |
| 2019 | $81,770,188 | $11,041,890 | $4,588,247 | $1,107,112 | 1 | $5,939,504 |
About The CCSU Foundation Inc
Based on IRS filings
The CCSU Foundation Inc is a public charity focused on Education, based in New Britain, CT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $110.1M in total assets. In 2025, it awarded 2 grants totaling $1.1M. Net investment income was $8.7M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The CCSU Foundation Inc is led by Jennifer Destefani, Executive Director since 2025 (on filings since 2024); none of the 15 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jennifer Destefani
Executive Director
Interim Excutive Director → Executive Director, 2025
On filings since 2024
4 hrs/week
No compensation reported
Ululy Martinez
Chair
Director → Chair, 2022
On filings since 2021
2 hrs/week
No compensation reported
Anthony S. Torsiello
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Kristine Larsen
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Curtis Wiggins
Director
On filings since 2021
1.5 hrs/week
No compensation reported
Joseph Matthew Jr.
Director
On filings since 2021
1.5 hrs/week
No compensation reported
Richard Spada
Director
Director → Outgoing Director, 2023
Outgoing Director → Director, 2024
On filings since 2021
0.5 hrs/week
No compensation reported
Janet Nahorney
Director
On filings since 2023
1.5 hrs/week
No compensation reported
Maria Falvo
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Alexander Lee
Director
New on the 2025 filing
1.5 hrs/week
No compensation reported
Ed Vescovi
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Lynn Tinker
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Waldemar Kostrzewa
Past Chair
Director → Chair, 2021
Chair → Past Chair, 2022
On filings since 2019
2 hrs/week
No compensation reported
Richard D. Donovan
Vice Chair
Director → Vice Chair, 2021
On filings since 2020
2 hrs/week
No compensation reported
Rachel Muli
Treasurer
Director → Treasurer, 2023
On filings since 2021
2 hrs/week
No compensation reported
Former officers (24)
- Former: Charles Jones Jr. (2019–2024) — Director
- Former: Anabelle Diaz-Santiago (2021–2024) — Director
- Former: James Nealy (2021–2024) — Director
- Former: Marc Lennon (2021–2024) — Outgoing Director
- Former: Michael Shippam (2023–2024) — Outgoing Executive Director
- Former: Brendan T. Conry (2019–2023) — Outgoing Treasurer
- Former: Lisa A. Futtner (2019–2023) — Director
- Former: George Claffey (2021–2023) — Outgoing Executive Director
- Former: Kathleen Greider (2019–2022) — Outgoing Director
- Former: Daniel Johnson (2022) — Outgoing Finance Director
- Former: Michael W. Tomasso (2019–2021) — Outgoing Director
- Former: Sue Ann Collins (2019–2021) — Outgoing Director
- Former: Christopher Galligan (2019–2020) — Secretary
- Former: Edward Young (2019–2020) — Outgoing Director
- Former: John Patrick (2019–2020) — Chairman
- Former: Joseph R. Voelker (2019–2020) — Director
- Former: Philip W. Kurze (2019–2020) — Outgoing Director
- Former: Susan Walkama (2019–2020) — Outgoing Director
- Former: Zulma R. Toro (2020) — Director
- Former: Jeremy Kincaid (2019) — Director
- Former: Lisa Bigelow (2019) — Assistant Treasurer
- Former: Mary Anne Cannon (2019) — Director
- Former: Paula Chapla (2019) — Director
- Former: Robert Kerzner (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "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 The CCSU Foundation Inc
How much does The CCSU Foundation Inc give each year?
The CCSU Foundation Inc gave $1.1M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $789K across 1 grant.
How large is The CCSU Foundation Inc?
The CCSU Foundation Inc reported $110.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $12.7M.
What is The CCSU Foundation Inc?
The CCSU Foundation Inc is a public charity focused on Education, based in New Britain, CT. It holds $110.1M in total assets as of 2025.
Where does The CCSU Foundation Inc operate?
The CCSU Foundation Inc has awarded grants in Connecticut, New York.
What is The CCSU Foundation Inc's EIN?
The CCSU Foundation Inc's EIN (Employer Identification Number) is 23-7354328. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS February 19, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS February 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS December 23, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS January 14, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work The CCSU Foundation Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The CCSU Foundation Inc's focus areas in our free grants database
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