Winchester Savings Bank
Winchester Savings Bank is a private foundation, based in Winchester, MA. IRS filing data is available for 2025. As of 2025, the organization holds $2.3M in total assets. In 2025, it awarded 1 grant totaling $20K. Net investment income was $4K.
Winchester Savings Bank at a glance
In short: Winchester Savings Bank gave $20K across 1 grant in 2025 (avg $20K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,000
- Grants made (2025)
- 1
- Average grant
- $20,000
- Median grant
- $20,000
- Total assets
- $2,325,296
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Winchester Savings Bank funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Winchester Community Music School ($20K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Winchester Savings Bank gives
- In 2025 it paid out 36% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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
In 2025 it made 1 grant totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Winchester Community Music School Winchester, MA | Exempt Purpose | $20,000 |
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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 | $2,325,296 | $2,261,638 | $20,000 | $20,000 | 1 | $20,000 | $3,644 | $56,288 |
Under IRS private-foundation payout rules, Winchester Savings Bank reported a distributable amount of $56K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Winchester Savings Bank is led by John A. Carroll, Chairman on the 2025 filing; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
John A. Carroll
Chairman
New on the 2025 filing
1 hr/week
No compensation reported
Anne Spry
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Elda Heller
Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 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 Winchester Savings Bank
How much does Winchester Savings Bank give each year?
Winchester Savings Bank gave $20K across 1 grant in 2025, according to its 2025 IRS Form 990-PF.
How large is Winchester Savings Bank?
Winchester Savings Bank reported $2.3M in total assets on its 2025 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $56K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Winchester Savings Bank operate?
Winchester Savings Bank has awarded grants in Massachusetts.
What is Winchester Savings Bank's EIN?
Winchester Savings Bank's EIN (Employer Identification Number) is 33-4504710. IRS Form 990 filing data is available on this page for 2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
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