Union Savings Bank Foundation Inc
Union Savings Bank Foundation Inc is a private foundation based in Danbury, Connecticut. Established in 1998, it provides grants to nonprofit organizations for programs that educate, transform, and enhance communities served by the bank.
Union Savings Bank Foundation Inc at a glance
In short: Union Savings Bank Foundation Inc gave $718K across 145 grants in 2025 (avg $5K), mostly in Connecticut. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $717,625
- +23.3% vs 2024
- Grants made (2025)
- 145
- +14400.0% vs 2024
- Average grant
- $4,949
- -99.1% vs 2024
- Median grant
- $4,000
- Total assets
- $14,112,236
- +15.1% vs 2024
- Primary geography
- Connecticut (92% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Union Savings Bank Foundation Inc
- How to Apply
-
The foundation’s 2025 filing says applications are available through the bank and may be emailed to the foundation or mailed. The filing states that grants are rarely approved for public entities, municipalities, sectarian organizations, capital expenses, or multi-year requests; requests from individuals or endowments are also rarely granted. Organizations awarded a 2022 grant were not eligible to apply in 2025.
- Review Cycle
- The 2025 filing lists June 1 through August 31. The foundation’s website says the 2026 grant period is closed and to check back after March 1, 2027, for information about the next cycle.
- Deadline
- The 2025 filing lists June 1 through August 31.
- Contact
Application contact: Michelle Bonvicini
Mailing address: 225 Main Street, Danbury, CT 06810
Phone: (203) 830-4200
Website: https://unionsavings.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Union Savings Bank Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Ann's Place Inc ($25K). Together the top 10 received $193K.
Grant Size Distribution
383 grants across all recorded years
The most common grant size was under $50K: 380 grants of 383 (99%).
Geographic Focus
Where this funder awards grants
The foundation is based in Danbury, Connecticut. In its 2025 filing, 92% of grant dollars went to recipients in Connecticut, 4% to New York, 2% to Massachusetts, and 1% each to Georgia and Missouri. The foundation’s 2025 announcement described its awards as supporting organizations in Connecticut.
Grant Distribution by State
Share of 2025 grant dollars across all 145 itemized grants.
States
Cities
How Union Savings Bank Foundation Inc gives
- Giving grew 44% from 2022 to 2025. Method
- In 2025 it paid out 122% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $336K (2019) to $718K (2025). In 2025 it made 145 grants totaling $718K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ann's Place Inc Danbury, CT | Exempt Purposes | $25,400 |
| Junior Achievement of Greater Fairfield County Bridgeport, CT | Exempt Purposes | $25,225 |
| Danbury Student and Business Connection Danbury, CT | Exempt Purposes | $25,200 |
| Families Network of Western CT Inc Danbury, CT | Exempt Purposes | $20,175 |
| Reach of Western CT Brookfield, CT | Exempt Purposes | $18,050 |
| Asap Valley Stream, NY | Exempt Purposes | $18,000 |
| Danbury Grassroots Academy Danbury, CT | Exempt Purposes | $15,500 |
| The Center for Empowerment and Education Danbury, CT | Exempt Purposes | $15,500 |
| Danbury Youth Services Inc Danbury, CT | Exempt Purposes | $15,125 |
| Village Center for the Arts New Milford, CT | Exempt Purposes | $15,125 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $14,112,236 | $2,083,253 | $829,857 | $717,625 | 145 | $746,182 | $1,064,590 | $613,366 |
| 2024 | $12,265,888 | $1,521,938 | $726,952 | $581,950 | 1 | $596,577 | $507,941 | $553,887 |
| 2023 | $10,465,482 | $422,460 | $502,090 | $437,275 | 126 | $450,267 | $230,640 | $484,113 |
| 2022 | $9,332,407 | $1,211,322 | $497,750 | $497,317 | 65 | $509,417 | $283,947 | $456,724 |
| 2021 | $10,383,461 | $871,453 | $467,850 | $450,317 | 46 | $442,267 | $559,503 | $476,447 |
| 2020 | $9,324,529 | $485,399 | $416,073 | $389,073 | 34 | — | $323,581 | $438,146 |
| 2019 | $8,650,873 | $1,339,561 | $388,516 | $336,376 | 46 | — | $326,711 | $363,005 |
Under IRS private-foundation payout rules, Union Savings Bank Foundation Inc reported a distributable amount of $613K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation says it funds programs that “educate, transform and enhance” the communities it serves. Its 2025 grant announcement described recipients as offering services in education and literacy, youth enrichment and development, the arts, health and wellness, mentorship, and support for food pantries.
Grantmaking
The 2025 filing reports 145 grants totaling $717,625. Individual grants ranged from $25 to $25,400, with a median of $4,000. The largest listed awards included $25,400 to Ann’s Place Inc., $25,225 to Junior Achievement of Greater Fairfield County, and $25,200 to Danbury Student and Business Connection. The filing lists each grant’s purpose as “exempt purposes.”
Separately, the foundation’s July 2025 announcement reported $560,000 awarded to 61 Connecticut organizations. It described, for example, After School Arts Program’s $18,000 award as support for scholarships for children to attend its educational summer camp, and Ann’s Place’s $25,000 award as support for its cancer wellness and workshop series.
For 2026, the foundation announced $693,000 in grants to 80 local organizations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Lucie H. Voves as chair; Michelle King as secretary; Paul H. Bruce as treasurer and trustee; and Chelen Reyes as president and trustee. It also lists Anthony Cirone Jr., Jennifer Ingram, TJ Oneglia, Kelly-Ann Cagianello, and Jeff McDonough as trustees. Ray Boa is listed as a trustee whose service ended in March 2025. The foundation’s website identifies Michele Bonvicini as executive director.
Union Savings Bank Foundation Inc is led by Chelen Reyes, President & Trustee on every filing since 2023; none of the 14 officers listed in 2025 report compensation.
Officers on the 2025 filing
Chelen Reyes
President & Trustee
On filings since 2023
1 hr/week
No compensation reported
Lucie H. Voves
Chair
Chair → Director, 2021
Director → Chair, 2022
On filings since 2019
1 hr/week
No compensation reported
Paul H. Bruce
Treasurer & Trustee
Treasurer → Treasurer & Director, 2021
Treasurer & Director → Treasurer & Trustee, 2022
On filings since 2019
1 hr/week
No compensation reported
John Brighenti
Trustee
Director → Trustee, 2023
On filings since 2021
1 hr/week
No compensation reported
Susan Certoma
Trustee
Director → Trustee, 2023
On filings since 2021
1 hr/week
No compensation reported
Ray Boa
Trustee
On filings since 2022
1 hr/week
No compensation reported
Jason Ginsberg
Trustee
On filings since 2023
1 hr/week
No compensation reported
Larry Pereira
Trustee
On filings since 2023
1 hr/week
No compensation reported
Jeff McDonough
Trustee
On filings since 2024
1 hr/week
No compensation reported
Kelly-Ann Cagianello
Trustee
On filings since 2024
1 hr/week
No compensation reported
Anthony Cirone Jr.
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Jennifer Ingram
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Tj Oneglia
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Michelle King
Secretary
On filings since 2022
1 hr/week
No compensation reported
Former officers (13)
- Former: Cynthia C. Merkle (2019–2023) — President & Trustee · Filing note: Retired 83123
- Former: Jeffrey B. Kilberg (2020–2023) — Trustee
- Former: Wanda McGarry (2020–2023) — Trustee
- Former: Heather Katz (2023) — Trustee
- Former: Irene Dzieciaszek (2019–2022) — Trustee
- Former: Arnold E. Finaldi Jr. (2019–2020) — Director
- Former: Frank Rowella Jr. (2019–2020) — Director
- Former: Jeffrey McDonough (2019–2020) — Director
- Former: Michael R. Kaufman (2019–2020) — Director
- Former: Frederick F. Judd (2019) — Trustee
- Former: Jeff Levine (2019) — Chairman
- Former: Matthew Karpas (2019) — Trustee
- Former: Michelle Bonvicini (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Union Savings Bank Foundation Inc
How much does Union Savings Bank Foundation Inc give each year?
Union Savings Bank Foundation Inc gave $718K across 145 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $582K across 1 grant.
What is Union Savings Bank Foundation Inc's typical grant size?
Union Savings Bank Foundation Inc's median grant in 2025 was $4,000, and its average grant was $4,949, across 145 grants on its 2025 IRS Form 990-PF.
Where does Union Savings Bank Foundation Inc give grants?
Union Savings Bank Foundation Inc gives mostly in Connecticut: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Danbury, CT (29 grants), New Milford, CT (12 grants), Torrington, CT (9 grants) and Bridgeport, CT (8 grants).
Who are Union Savings Bank Foundation Inc's largest grantees?
Union Savings Bank Foundation Inc's largest 2025 grantees include Ann's Place Inc ($25,400), Junior Achievement of Greater Fairfield County ($25,225) and Danbury Student and Business Connection ($25,200), according to its 2025 IRS Form 990-PF. Together they received 11% of its itemized 2025 grant dollars.
How large is Union Savings Bank Foundation Inc?
Union Savings Bank Foundation Inc reported $14.1M in total assets on its 2025 IRS Form 990-PF. It paid out $746K in qualifying distributions that year, against a required minimum of $613K (roughly 5% of its investment assets).
What does Union Savings Bank Foundation Inc fund?
The foundation says it funds programs that “educate, transform and enhance” the communities it serves. See mission & focus areas ↑
How do I apply for a grant from Union Savings Bank Foundation Inc?
The foundation’s 2025 filing says applications are available through the bank and may be emailed to the foundation or mailed. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Union Savings Bank Foundation Inc's EIN?
Union Savings Bank Foundation Inc's EIN (Employer Identification Number) is 06-1508286. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 17, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Union Savings Bank Foundation Inc funds
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