Thomaston Savings Bank Foundation Inc

THOMASTON, CT EIN: 06-1483909 Website

Thomaston Savings Bank Foundation Inc is a corporate foundation based in Thomaston, Connecticut, dedicated to enhancing the quality of life in the communities where Thomaston Savings Bank operates. Established in 1997, the Foundation has distributed over $11.5 million in grant funding since its inception and maintains a substantial charitable foundation with assets of approximately $9.2 million.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$9.1M

-1.4% YoY

Annual Giving

$1.0M

+36.0% YoY

Grant Count

352

+51.7% YoY

Avg Grant Size

$3K

-10.4% YoY

Under IRS private-foundation payout rules, Thomaston Savings Bank Foundation Inc reported a distributable amount of $451K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Arts & Culture
Community Development
Education and Youth Services
Health & Human Services
Public Safety

Applications from religious organizations are considered for grant purposes that support programming addressing community needs or falling under the above priority areas.

Grantmaking

The Foundation operates on a three-phase annual grant cycle, with each phase focusing on a specific county and towns where the Bank has a physical presence:

Grant Range

$400 - $75,000

Average Grant

award: $2,000 - $3,000

Review Cycle

, with each phase focusing on a specific county and towns where the Bank has a physical presence:

How to Apply

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Geographic Focus

Where this funder awards grants

Thomaston Savings Bank Foundation serves the following Connecticut towns where the Bank has physical locations:

Bethlehem
Bristol
Farmington/Unionville
Harwinton
Middlebury
New Britain
Plymouth/Terryville
Thomaston
Torrington
Waterbury
Watertown/Oakville
Wolcott

Grant Distribution by State

Connecticut $882K (100%)

Florida $2K (0%)

States

Connecticut Florida

Cities

AvonBantamBethlehemBloomfieldBranfordBristolBurlingtonCantonDanburyDanielsonEast HartfordFarmingtonHamdenHartfordHarwintonHawleyvilleLitchfieldMiamiMiddleburyMorris

Financial History

Multi-year comparison from IRS filings

Most Recent Filing (2023):

Total Assets: $9,193,885
Total Giving: $762,827
Total Revenue: $488,005
Total Expenses: $814,243
Giving Rate: 8.6%

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$9,062,923	$9,193,885	$8,559,977
Revenue	$760,949	$488,005	$1,517,984
Expenses	$1,059,412	$814,243	$789,360
Qualifying Distributions	$1,039,462	$762,827	$761,029
Net Investment Income	$740,999	$411,844	$1,491,771
Distributable Amount	$450,792	$429,090	$409,697

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

250 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include FRIENDSHIP SERVICE CENTER Inc ($5,000), City of Bristol ($5,000), Prudence Crandall Center Inc ($5,000).

Recipient	Purpose	Amount
The New England Carousel Museum Inc Bristol, CT	To fund the expansion of the Museum's Tinker Workshop.	$3,000
Quilts That Care Inc Watertown, CT	To assist in funding materials needed for quilt making, as well as the purchase of (3) mini irons and (3) auto lift irons.	$2,500
St Vincent DePaul Mission of Bristol Inc Bristol, CT	To assist in funding the purchase of food, supplies, bus passes, and the costs associated with the laundry facility and utility bills.	$3,500
Bristol Adult Resource Center Inc BRISTOL, CT	To fund the printing and marketing of 200 calendars to fundraise for direct benefit to BARC's clients.	$2,000
Bristol Veterans Council Inc Bristol, CT	To assist in funding flag replacement for veteran's graves in the Bristol and Forestville cemeteries.	$2,500
Memorial Military Museum Inc Bristol, CT	To fund the purchase of (10) packages of archival pages, (10) preservation boxes and (6) mannequins.	$1,500
FRIENDSHIP SERVICE CENTER Inc New Britain, CT	To assist in funding the purchase of food and supplies to provide to the agency's clients.	$5,000
Boys & Girls Club of New Britain Inc New Britain, CT	To assist in funding the Money Matters program.	$3,000
Literacy Volunteers of Central Connecticut New Britain, CT	To assist in funding the Literacy for Economic Self-Sufficiency Program.	$3,000
South Side School Bristol, CT	To assist in funding the salary of a tutor.	$2,500

Leadership & Key People

Leadership team and compensation from IRS filings

Stephen L. Lewis – President & CEO, Thomaston Savings Bank; President & Trustee
Carrie Zimyeski – Chairman & Trustee
Rosemary Briglia – Secretary
Rebekah Stokes – Treasurer
Thomas Parisot – Trustee
James Kaniewski – Trustee
Mark DiVenere – Trustee
David Carlson – Trustee
Susan Sadecki – Trustee
Richard Bushka – Trustee
Cheryl Lindstrom – Community Outreach Officer

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Stephen Lewis	President & Trustee	1	—
Rosemary Briglia	Secretary	1	—
Carrie Zimyeski	Chairman & Trustee	—	—
Rebekah Stokes	Treasurer	1	—
Thomas Parisot	Trustee	—	—
James Kaniewski	Trustee	—	—
Mark DiVenere	Trustee	—	—
David Carlson	Trustee	—	—
Susan Sadecki	Trustee	—	—
Richard Bushka	Trustee	—	—
Mark D Malley	Trustee	—	—
James Nichol	Trustee	—	—

Recent News & Activity

Recent developments and announcements

The Foundation continues to expand its community impact through multiple initiatives:

**Employee Engagement:**

2024

The Can Do Crew, comprised of employee volunteers, participated in 46 community projects during 2024

Denim Days initiative raised $15,375 from employees, with the Bank contributing an additional $12,000

Employees donated over $55,000 to United Way organizations through the annual workplace campaign

**Grant Awards:**

The Foundation awarded grants across all three counties in its service area, including 54 grants for New Haven County and 88 grants for Litchfield County in recent cycles. Specific awards have supported arts programs, environmental initiatives, and community services throughout the region.

Thomaston Savings Bank Foundation Awards 54 Grants for New Haven County

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Thomaston Savings Bank Foundation Inc fund?

The Foundation is committed to responding to the human and material needs of its community by improving quality of life through dedicated grant programs and community outreach initiatives. The Foundation supports the following priority areas: • Arts & Culture • Community Development • Education and Youth Services • Health & Human Services • Public Safety Applications from religious organizations are considered for grant purposes that support programming addressing community needs or falling und…

How do I apply for a grant from Thomaston Savings Bank Foundation Inc?

**Grant Amounts:** • Grant range: $400 - $75,000 • Average grant award: $2,000 - $3,000 • Median grant amount: $2,500 **Application Process:** The Foundation operates on a three-phase annual grant cycle, with each phase focusing on a specific county and towns where the Bank has a physical presence: • **Phase I – Hartford County:** April 1-30 • **Phase II – Litchfield County:** July 1-31 • **Phase III – New Haven County:** October 1-31 Applications must be completed in full and submitted by the …

Where does Thomaston Savings Bank Foundation Inc make grants?

Thomaston Savings Bank Foundation serves the following Connecticut towns where the Bank has physical locations: • Bethlehem • Bristol • Farmington/Unionville • Harwinton • Middlebury • New Britain • Plymouth/Terryville • Thomaston • Torrington • Waterbury • Watertown/Oakville • Wolcott

What size grants does Thomaston Savings Bank Foundation Inc award?

In 2024, Thomaston Savings Bank Foundation Inc awarded 352 grants totaling $1.0M — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Thomaston Savings Bank Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Thomaston Savings Bank Foundation Inc reported a distributable amount of $451K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Thomaston Savings Bank Foundation Inc's EIN?

Thomaston Savings Bank Foundation Inc's EIN (Employer Identification Number) is 06-1483909. IRS Form 990 filing data is available on this page for 2020–2024.