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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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