Thomaston Savings Bank Foundation Inc
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.
Mission & Focus Areas
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 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
States
Cities
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%
| 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:**
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 CountySubject Areas
Focus areas based on grantmaking activity
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.
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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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