The Savings Bank Charitable Foundation
The Savings Bank Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKEFIELD, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $875K in total assets. In 2024, it awarded 20 grants totaling $65K. Net investment income was $50K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$875K
-2.3% YoY
Annual Giving
$65K
+5.6% YoY
Grant Count
20
+0.0% YoY
Avg Grant Size
$3K
+5.6% YoY
Under IRS private-foundation payout rules, The Savings Bank Charitable Foundation reported a distributable amount of $65K for 2024 — the minimum it must pay out in qualifying distributions.
About The Savings Bank Charitable Foundation
Based on IRS filings
The Savings Bank Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKEFIELD, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $875K in total assets. In 2024, it awarded 20 grants totaling $65K. Net investment income was $50K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $874,806 | $895,406 | $851,099 |
| Revenue | $59,978 | $117,892 | $136,894 |
| Expenses | $80,578 | $73,585 | $78,979 |
| Qualifying Distributions | $69,217 | $65,607 | $70,046 |
| Net Investment Income | $50,358 | $73,914 | $28,196 |
| Distributable Amount | $64,580 | $57,003 | $54,858 |
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
87 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Emmaus ($5,000), Mission of Deeds ($5,000), Neighbors in Need ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Bellesini Academy Lawrence, MA | Academic Programs For Children | $3,000 |
| Boys & Girls Club of Lawrence Lawreance, MA | Youth Programs | $4,000 |
| Boys & Girls Club of Stoneham & Wakefield Stoneham, MA | Youth programs | $4,500 |
| Bread & Roses Lawreance, MA | Kitchen Serving For Hardship Families | $3,000 |
| Communitas Wakefield, MA | Fitness And Health Programs | $3,040 |
| Community Giving Tree Boxford, MA | Basic necessities to local communities | $2,000 |
| Connor's Kindness Project Lynnfield, MA | General Assistance | $3,000 |
| Emmaus Haverhill, MA | Emergency Shelter | $5,000 |
| Essex Art Center Lawrence, MA | General assistance | $3,000 |
| Ladybug Love Peabody, MA | Blankets for homeless | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Denise Carbone | Treasurer/Director | 1 | — |
| Karen A Conard | Director | 1 | — |
| Glenn D Dolbeare | Director | 1 | — |
| Therese Jarmusik | Director | 1 | — |
| Raichelle L Kallery | Director | 1 | — |
| Joanne Reilly | Director | 1 | — |
| Margaret Super Church | Director | 1 | — |
| Robert J DiBella | Past President/Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Savings Bank Charitable Foundation?
The Savings Bank Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAKEFIELD, MA. It holds $875K in total assets as of 2024.
How large is The Savings Bank Charitable Foundation?
As of 2024, The Savings Bank Charitable Foundation holds $875K in total assets with $60K in annual revenue. It awarded 20 grants totaling $65K in 2024.
Where does The Savings Bank Charitable Foundation operate?
The Savings Bank Charitable Foundation has awarded grants in Massachusetts.
What size grants does The Savings Bank Charitable Foundation award?
In 2024, The Savings Bank Charitable Foundation awarded 20 grants totaling $65K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Savings Bank Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Savings Bank Charitable Foundation reported a distributable amount of $65K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Savings Bank Charitable Foundation's EIN?
The Savings Bank Charitable Foundation's EIN (Employer Identification Number) is 04-3370164. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Savings Bank Charitable Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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