ASF Capital Grants

The American Savings Foundation provides capital grants to support projects aligned with its mission, prioritizing direct service programs for children, youth, and families in New Britain and Waterbury. Organizations must be 501(c)(3) tax-exempt and can request funding for one-time capital needs, typically up to $10,000. The Foundation emphasizes measurable impact and community benefit, making it a vital resource for local nonprofits aiming to enhance the quality of life in their communities.

Note: Organizations must first submit a Letter of Intent.
American Savings Foundation
American Savings Foundation is a permanent charitable endowment which provides grants to local nonprofit organizations, in addition to college scholarships to area students. The Foundation is a broad-based funder dedicated to improving the quality of life for the residents of the communities we serve.
Funding Priorities
The Foundation is a broad-based funder, with a special emphasis on the needs of children, youth and families. Our general funding priorities are Education, Human Services and Arts & Culture. These are not rigid categories, and many of our grants overlap more than one. We focus on direct service programs that help those with highest need, and where our funding can make a direct, measurable impact. Our Grant History helps grantseekers understand our priorities.
Capital grants support projects that are closely aligned with American Savings Foundation’s mission, and the needs of the community.
Guidelines
The Foundation focuses its limited capital grants funding towards one-time capital needs that are essential to direct program services in New Britain and Waterbury. Agencies serving communities outside New Britain and Waterbury are encouraged to use the Community Grants application to apply for capital needs up to $5,000, or to submit a Letter of Intent (below) for larger requests (typically up to $10,000). Visit our Grant History page for a list of recent capital grants.

Eligibility

Organization must be tax exempt under IRS section 501(c)(3)Requests may include administrative overhead. We do not have a set formula; however, we apply an industry rule-of-thumb of about 10-15%. The Foundation reviews requests on a year-by-year basis only and renewed funding is never automatic.Typically, we fund only one program at an agency in a given year.

Ineligibility

Ineligible for funding:Religious institutions, except for non-sectarian activities that benefit the community at-largePrimary or secondary schools -- public, private independent, or parochial -- or colleges and universitiesEndowment fundsPrivate FoundationsGovernment or municipalities