The Troy Savings Bank Charitable Fo
The Troy Savings Bank Charitable Foundation is a private independent foundation headquartered in Clifton Park, New York, with offices in Troy. Established in 1998 as a company-sponsored foundation by The Troy Savings Bank at the time of its conversion to a public corporation, the foundation transitioned to independent foundation status in 2004 following the bank's acquisition by First Niagara. The foundation operates as a 501(c)(3) organization and serves as the community legacy of the former Troy Savings Bank.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.8M
-1.9% YoY
Annual Giving
$662K
+42.2% YoY
Grant Count
51
+6.3% YoY
Avg Grant Size
$13K
+33.8% YoY
Under IRS private-foundation payout rules, The Troy Savings Bank Charitable Fo reported a distributable amount of $647K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports organizations involved with:
- Arts and culture
- Community development
- Youth development
Grantmaking
The foundation primarily funds program support and operating support.
Grant Range
$3,000 (2024); $1,000 (2023)
Grant Types
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation focuses its grantmaking in eight counties of the greater Capital Region of New York State, with particular emphasis on Rensselaer County through its neighborhood grants program.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $12,049,545
- Total revenues: $339,280
- Total expenses: $749,745
- Total liabilities: $9,710
Historical Giving Trends:
- 2024: $466,000 in grants (48 grants)
- 2023: $378,000 in grants (47 grants)
- 2022: $764,000 in grants (48 grants)
- 2021: $1,000,000 in grants (51 grants)
- 2020: $1,200,000 in grants (61 grants)
Staffing: The foundation employs 2 people.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,819,452 | $12,049,545 | $12,451,677 |
| Revenue | $723,277 | $339,280 | $372,366 |
| Expenses | $945,253 | $749,745 | $627,075 |
| Qualifying Distributions | $871,649 | $644,055 | $589,076 |
| Net Investment Income | $646,591 | $248,007 | $299,169 |
| Distributable Amount | $646,782 | $618,269 | $646,921 |
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
242 grants across all recorded years
Open Grants
1 open opportunity from The Troy Savings Bank Charitable Fo
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Tsb Music Hall Corporation ($267,500), Troy Savings Bank Music ($59,310), Commission on Economic Opportunity ($38,423).
| Recipient | Purpose | Amount |
|---|---|---|
| 518 ELEVATED ALBANY, NY | PROGRAM SUPPORT | $5,000 |
| AMERICAN RED CROSS ALBANY, NY | PROGRAM SUPPORT | $28,000 |
| ARK INC TROY, NY | PROGRAM SUPPORT | $7,500 |
| ARTS CENTER OF THE CAPITAL REGION TROY, NY | PROGRAM SUPPORT | $35,000 |
| BOYS & GIRLS CLUBS ALBANY, NY | PROGRAM SUPPORT | $10,000 |
| CAPITAL DISTRICT LATINOS INC BRONX, NY | PROGRAM SUPPORT | $750 |
| CAPITAL DISTRICT RECOVERY CENTER ALBANY, NY | PROGRAM SUPPORT | $5,000 |
| CATHOLIC CHARITIES OF THE DIOCESE ALBANY, NY | PROGRAM SUPPORT | $750 |
| CHRISTIAN BROTHERS ACADEMY ALBANY, NY | PROGRAM SUPPORT | $8,333 |
| CHURCH OF THE BLESSED SACRAMENT ALBANY, NY | PROGRAM SUPPORT | $750 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Jenna Cuilla: Executive Director
- Leslie Cheu: Former Executive Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LESLIE CHEU | EXECUTIVE DI | 40 | $138,690 |
| ROBERT FRITZ | TREASURER | 1 | — |
| SOPHIA HAMMETT TURNER | SECRETARY | 1 | — |
| MICKI MASSRY | DIRECTOR | 1 | — |
| SHEILA MENDLESON | PRESIDENT | 2 | — |
| ANTHONY O'HAIRE | VICE PRESIDE | 1 | — |
| MATTHEW CLARKE | DIRECTOR | 1 | — |
| DON LEE APPLYRS | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has been active in community engagement, including participation in the NY Funders Alliance conference in October 2025. The foundation continues to support cultural institutions, particularly the Troy Savings Bank Music Hall, and has expanded programming to include community safety initiatives such as AED training grants.
Troy Savings Bank Charitable Foundation Donates $20,000 to Vanderheyden CareerSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Troy Savings Bank Charitable Fo fund?
The foundation supports organizations involved with: • Arts and culture • Community development • Youth development
How do I apply for a grant from The Troy Savings Bank Charitable Fo?
**Grant Activity & Amounts:** • The foundation made 48 grants in 2024 totaling $466,000 • In 2023, the foundation made 47 grants totaling $378,000 • Median grant size: $3,000 (2024); $1,000 (2023) • Grant range: $500 to $153,000 **Grant Types:** The foundation primarily funds program support and operating support. **Recent Grant Recipients (2023):** • Troy Savings Bank Music Hall Corporation: $153,000 (program support) • St. Paul's Church: $55,000 (program support) • Commission on Economic Oppo…
Where does The Troy Savings Bank Charitable Fo make grants?
The foundation focuses its grantmaking in eight counties of the greater Capital Region of New York State, with particular emphasis on Rensselaer County through its neighborhood grants program.
What size grants does The Troy Savings Bank Charitable Fo award?
In 2024, The Troy Savings Bank Charitable Fo awarded 51 grants totaling $662K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is The Troy Savings Bank Charitable Fo required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Troy Savings Bank Charitable Fo reported a distributable amount of $647K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Troy Savings Bank Charitable Fo's EIN?
The Troy Savings Bank Charitable Fo's EIN (Employer Identification Number) is 14-1813865. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Troy Savings Bank Charitable Fo'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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