//
American Savings Foundation Inc. is a private corporation based in NEW BRITAIN, CT. The foundation received its IRS ruling in 2005. The principal officer is % David Davison. It holds total assets of $98.1M. Annual income is reported at $23.7M. ROBERT T. KENNEY SCHOLARSHIP PROGRAM - THE FOUNDATION OPERATES THE ROBERT T. KENNEY SCHOLARSHIP PROGRAM, WHICH IN 2021 DISTRIBUTED $726,042 IN SCHOLARSHIPS FOR 447 INDIVIDUAL STUDENTS. THE FOUNDATION HAS SIGNIFICANT INVOLVEMENT IN THE PROGRAM AND PROVIDES ADDITIONAL SUPPORT AND GUIDANCE TO SCHOLARSHIP APPLICANTS AND RECIPIENTS, SUCH AS ADVICE ON APPLYING FOR FINANCIAL AID AND OTHER AVAILABLE SCHOLARSHIPS. IN 2021, THE FOUNDATION ALSO ADDED A SCHOLAR ASSISTANCE PROGRAM, IN PARTNERSHIP WITH WHEELER, TO PROVIDE ACCESS MENTAL HEALTH RESOURCES FOR OUR SCHOLARS. THE FOUNDATION ALSO SUPPORTS A PAID SUMMER INTERNSHIP PROGRAM, PROVIDING GRANT FUNDING TO LOCAL NONPROFITS FOR CAREER-ORIENTED INTERNSHIPS, WHICH ARE OPEN TO RECIPIENTS OF THE FOUNDATION'S SCHOLARSHIP. TOTAL INTERNSHIP GRANTS IN 2021 WERE $72,020. According to available records, American Savings Foundation Inc. has made 2,385 grants totaling $13.2M, with a median grant of $2K. The foundation has distributed between $3.1M and $6.7M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $6.7M distributed across 1,148 grants. Individual grants have ranged from $75 to $200K, with an average award of $6K. The foundation has supported 1,320 unique organizations. The foundation primarily supports organizations in Connecticut, Massachusetts, New York, which account for 90% of all grants. Grantmaking reaches organizations across 27 states. Contributions to this foundation are tax-deductible.
ROBERT T. KENNEY SCHOLARSHIP PROGRAM - THE FOUNDATION OPERATES THE ROBERT T. KENNEY SCHOLARSHIP PROGRAM, WHICH IN 2021 DISTRIBUTED $726,042 IN SCHOLARSHIPS FOR 447 INDIVIDUAL STUDENTS. THE FOUNDATION HAS SIGNIFICANT INVOLVEMENT IN THE PROGRAM AND PROVIDES ADDITIONAL SUPPORT AND GUIDANCE TO SCHOLARSHIP APPLICANTS AND RECIPIENTS, SUCH AS ADVICE ON APPLYING FOR FINANCIAL AID AND OTHER AVAILABLE SCHOLARSHIPS. IN 2021, THE FOUNDATION ALSO ADDED A SCHOLAR ASSISTANCE PROGRAM, IN PARTNERSHIP WITH WHEELER, TO PROVIDE ACCESS MENTAL HEALTH RESOURCES FOR OUR SCHOLARS. THE FOUNDATION ALSO SUPPORTS A PAID SUMMER INTERNSHIP PROGRAM, PROVIDING GRANT FUNDING TO LOCAL NONPROFITS FOR CAREER-ORIENTED INTERNSHIPS, WHICH ARE OPEN TO RECIPIENTS OF THE FOUNDATION'S SCHOLARSHIP. TOTAL INTERNSHIP GRANTS IN 2021 WERE $72,020.
Expenses: $122K
DIRECT SUPPORT FOR YOUTH PROGRAMS - AS PART OF THE FOUNDATION'S SUPPORT FOR LOCAL AFTER SCHOOL PROGRAMS IN THE CITY OF NEW BRITAIN, CT, THE FOUNDATION COVERS THE COST OF A COMMON PLATFORM FOR TRACKING PROGRAM ATTENDANCE. THIS SYSTEM, CAYEN AFTERSCHOOL, IS USED BY ALL THE AFTER SCHOOL PROGRAMS FUNDED BY THE FOUNDATION. THE PLATFORM HAS ALSO BEEN ADOPTED BY AFTER-SCHOOL ACTIVITIES HOSTED BY THE CONSOLIDATED SCHOOL DISTRICT OF NEW BRITAIN. FOUNDATION STAFF PROVIDES TRAINING TO ALL USERS OF THE A+ ATTENDANCE SYSTEM, AND HELPS TO SUPPORT ACCURATE REPORTING AND ANALYSIS OF THE DATA. OVER THE YEARS, THE SYSTEM HAS ALLOWED EACH INDIVIDUAL AGENCY TO SIGNIFICANTLY IMPROVE PROGRAM ATTENDANCE REPORTS, AND ALLOWS THE FOUNDATION TO TRACK AND MEASURE THE IMPACT OF AFTER SCHOOL PROGRAMMING. IT ALSO SAVES EACH AGENCY THE INDIVIDUAL COST OF ACQUIRING AND SUPPORTING AN ATTENDANCE TRACKING SYSTEM. THE FOUNDATION ALSO PROVIDES SUPPORT FOR SHARED TRAINING FOR AFTER SCHOOL PROVIDERS ON A VARIETY OF TOPICS.
Expenses: $6K
ROBERT T. KENNEY SCHOLARSHIP PROGRAM - THE FOUNDATION OPERATES THE ROBERT T. KENNEY SCHOLARSHIP PROGRAM, WHICH IN 2021 DISTRIBUTED $726,042 IN SCHOLARSHIPS FOR 447 INDIVIDUAL STUDENTS. THE FOUNDATION HAS SIGNIFICANT INVOLVEMENT IN THE PROGRAM AND PROVIDES ADDITIONAL SUPPORT AND GUIDANCE TO SCHOLARSHIP APPLICANTS AND RECIPIENTS, SUCH AS ADVICE ON APPLYING FOR FINANCIAL AID AND OTHER AVAILABLE SCHOLARSHIPS. IN 2021, THE FOUNDATION ALSO ADDED A SCHOLAR ASSISTANCE PROGRAM, IN PARTNERSHIP WITH WHEELER, TO PROVIDE ACCESS MENTAL HEALTH RESOURCES FOR OUR SCHOLARS. THE FOUNDATION ALSO SUPPORTS A PAID SUMMER INTERNSHIP PROGRAM, PROVIDING GRANT FUNDING TO LOCAL NONPROFITS FOR CAREER-ORIENTED INTERNSHIPS, WHICH ARE OPEN TO RECIPIENTS OF THE FOUNDATION'S SCHOLARSHIP. TOTAL INTERNSHIP GRANTS IN 2021 WERE $72,020. Based on available records, the foundation has funded 2,385 grants. Its grantmaking reaches organizations primarily in CT, MA, NY.
American Savings Foundation Inc. has distributed a total of $13.2M across 2,385 grants. The median grant size is $2K, with an average of $6K. Individual grants have ranged from $75 to $200K.
The application deadline is SEE GENERAL EXPLANATION ATTACHMENT. SEE GENERAL EXPLANATION ATTACHMENT.
American Savings Foundation Inc. is headquartered in NEW BRITAIN, CT. While based in CT, the foundation distributes grants to organizations across 27 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Maria A Falvo | PRESIDENT AND CEO | $236K | $39K | $275K |
| Artila Lubonja | DIRECTOR | $0 | $0 | $0 |
| James W Little | DIRECTOR (THRU 06/22/2023) | $0 | $0 | $0 |
| James Jones | DIRECTOR | $0 | $0 | $0 |
| Carl R Cicchetti | DIRECTOR (THRU 10/10/2023) | $0 | $0 | $0 |
Total Giving
$4.4M
Total Assets
$91.4M
Fair Market Value
$91.4M
Net Worth
$91.4M
Grants Paid
$3.3M
Contributions
$0
Net Investment Income
$0
Distribution Amount
$4.3M
Total: $0
Total Grants
2,385
Total Giving
$13.2M
Average Grant
$6K
Median Grant
$2K
Unique Recipients
1,320
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Pathwayssenderos CenterPROGRAM GRANT - 2023 SUMMER YOUTH EMPLOYMENT PROGRAM | New Britain, CT | $141K | 2023 |
| City Of New BritainPROGRAM GRANT - EXERCISE THE RIGHT CHOICE PROGRAM 2023-24 | New Britain, CT | $130K | 2023 |
| Ccarc IncCAPITAL GRANTS - UPGRADE TO NEWLY PURCHASED FACILITY | New Britain, CT | $120K | 2023 |
| Boys & Girls Club Of New BritainCAPITAL GRANTS - DRIVE DREAMS FORWARD: WHEELS OF HOPE | New Britain, CT | $93K | 2023 |
| Children'S Law Center Of ConnecticutPROGRAM GRANT - LEGAL REPRESENTATION 2023 | Hartford, CT |
| Michael Carrier |
| DIRECTOR |
| $0 |
| $0 |
| $0 |
| Paula Gilberto | DIRECTOR, ASSISTANT TREASURER | $0 | $0 | $0 |
| Caitlyn Bee | DIRECTOR, ASSISTANT SECRETARY | $0 | $0 | $0 |
| David Davison | DIRECTOR, TREASURER | $0 | $0 | $0 |
| Sheri C Pasqualoni | DIRECTOR, SECRETARY | $0 | $0 | $0 |
| Laurence A Tanner | DIRECTOR, VICE CHAIR | $0 | $0 | $0 |
| Charles J Boulier Iii | DIRECTOR, CHAIR | $0 | $0 | $0 |
| John Miller | DIRECTOR | $0 | $0 | $0 |
| Bruce Noe | DIRECTOR | $0 | $0 | $0 |
| Loan Nguyen | DIRECTOR | $0 | $0 | $0 |
| 2016 | 990PF | View |
| $80K |
| 2023 |
| Friendship Service CenterPROGRAM GRANT - HOPE CONNECTION CENTER | New Britain, CT | $80K | 2023 |
| Opportunities Industrialization Center Of New BritainPROGRAM GRANT - MOVING MOUNTAINS-SULLIVAN ACADEMY 2023-24 | New Britain, CT | $75K | 2023 |
| Human Resources Agency Of New BritainPROGRAM GRANT - FOOD AND RESOURCE CENTER 2023-2024 | New Britain, CT | $70K | 2023 |
| Ywca Of New BritainPROGRAM GRANT - STRIVE 2023-2024 | New Britain, CT | $70K | 2023 |
| Connecticut FoodsharePROGRAM GRANT - NEW BRITAIN FOOD DISTRIBUTION 2023-2024 | Wallingford, CT | $60K | 2023 |
| Prudence Crandall CenterPROGRAM GRANT - EMERGENCY SHELTER & HOUSING PROGRAM 2023-24 | New Britain, CT | $60K | 2023 |
| New Britain Museum Of American ArtPROGRAM GRANT - FREE SATURDAY MORNINGS & EDUCATION AND OUTREACH | New Britain, CT | $55K | 2023 |
| Consolidated School District Of New BritainPROGRAM GRANT - SUMMER ENRICHMENT EXPERIENCES (SEE) 2023 | New Britain, CT | $50K | 2023 |
| Mattatuck MuseumPROGRAM GRANT - YOUTH & FAMILY PROGRAMS 2023-2024 | Waterbury, CT | $45K | 2023 |
| Boys & Girls Club Of Greater WaterburyPROGRAM GRANT - TEEN PROGRAM 2023-24 | Waterbury, CT | $45K | 2023 |
| Waterbury Youth ServicesPROGRAM GRANT - LINKING ACADEMICS TO LIFE 2023-24 | Waterbury, CT | $42K | 2023 |
| Junior Achievement Of Southwest New EnglandPROGRAM GRANT - ECONOMIC EMPOWERMENT PROGRAM 2023-24 - NEW BRITAIN | Hartford, CT | $40K | 2023 |
| Brass City HarvestPROGRAM GRANT - COMMUNITY FOOD PROGRAM 2023 | Waterbury, CT | $32K | 2023 |
| Local Initiatives Support CorporationPROGRAM GRANT - FINANCIAL OPPORTUNITY CENTERS 2024 | Hartford, CT | $30K | 2023 |
| Salvation Army - New BritainPROGRAM GRANT - NEW BRITAIN PATHWAY OF HOPE 2023-24 | New Britain, CT | $30K | 2023 |
| Coram Deo RecoveryPROGRAM GRANT - CLIENT CARE PROGRAM | New Britain, CT | $30K | 2023 |
| St Vincent Depaul Mission Of WaterburyPROGRAM GRANT - SOUP KITCHEN AND FOOD PANTRY | Waterbury, CT | $25K | 2023 |
| Bridge To SuccessPROGRAM GRANT - YOUTH MENTAL HEALTH INITIATIVE 2023-24 | Waterbury, CT | $25K | 2023 |
| Love146PROGRAM GRANT - SURVIVOR CARE PROGRAM 2023-24 | New Haven, CT | $25K | 2023 |
| Connecticut Junior Republic AssociationPROGRAM GRANT - WORK-BASED LEARNING SUMMER PROGRAM 2023 | Litchfield, CT | $25K | 2023 |
| New Britain RootsPROGRAM GRANT - GARDEN CLUBS 2023-24 | New Britain, CT | $25K | 2023 |
| Hospital Of Central ConnecticutPROGRAM GRANT - HEROIN/OPIOID PREVENTION EDUCATION (HOPE) | New Britain, CT | $22K | 2023 |
| Shakesperience ProductionsPROGRAM GRANT - IN-SCHOOL THEATER ARTS PROGRAM 2023-24 - WATERBURY | Waterbury, CT | $21K | 2023 |
| Pro Bono PartnershipPROGRAM GRANT - LEGAL SERVICES FOR NONPROFITS 2023-24 | White Plains, NY | $20K | 2023 |
| Nutmeg Big Brothers-Big SistersPROGRAM GRANT - COMMUNITY-BASED MENTORING 2023-24 | Hartford, CT | $20K | 2023 |
| Community Health CenterCAPITAL GRANTS - NEW BRITAIN WELLNESS CENTER | Middletown, CT | $19K | 2023 |
| Connecticut Virtuosi Chamber OrchestraPROGRAM GRANT - IN-SCHOOL MUSIC PERFORMANCES 2023-24 | New Britain, CT | $18K | 2023 |
| Literacy Volunteers Of Central CtPROGRAM GRANT - 2023 FAMILY LITERACY PROGRAM | New Britain, CT | $18K | 2023 |
| Center For Children'S AdvocacyPROGRAM GRANT - CHILD HEALTH EQUITY PROJECT | Hartford, CT | $17K | 2023 |
| Circle Of Care For Families With CancerPROGRAM GRANT - 2023 EMERGENCY FUND | Wilton, CT | $15K | 2023 |
| World Wide Youth NetworksPROGRAM GRANT - HIGH SCHOOL PARADYM ACADEMY 2023-24 | New Britain, CT | $15K | 2023 |
| Waterbury SymphonyPROGRAM GRANT - BRAVO PROGRAM 2023-24 | Waterbury, CT | $15K | 2023 |
| United Way Of Central And Northeastern ConnecticutPROGRAM GRANT - WORKFORCE SOLUTIONS COLLABORATIVE 2023 | Hartford, CT | $15K | 2023 |
| Staywell Health Care Inc Obo Greater Waterbury Health PartnershipPROGRAM GRANT - WATERBURY COMMUNITY CARE TEAM | Waterbury, CT | $15K | 2023 |
| Ymca - Meriden-New Britain-BerlinPROGRAM GRANT - NASA ASTRO CAMP AFTER SCHOOL PROGRAM | Meriden, CT | $15K | 2023 |
| Greater Waterbury Interfaith MinistriesPROGRAM GRANT - SOUP KITCHEN & FOOD PANTRY 2023-24 | Waterbury, CT | $15K | 2023 |
| Queen Ann Nzinga CenterPROGRAM GRANT - ARTS ENRICHMENT PROGRAM 2023-24 | Plainville, CT | $15K | 2023 |
| Community Partners In ActionPROGRAM GRANT - WATERBURY REENTRY WELCOME CENTER | Hartford, CT | $15K | 2023 |
| New Britain Symphony OrchestraPROGRAM GRANT - NEW BRITAIN SYMPHONY ORCHESTRA'S 75TH SEASON | New Britain, CT | $15K | 2023 |
| The Connecticut Golf Foundation IncPROGRAM GRANT - IN SCHOOL GOLF CLINICS 2023-2024 | Cromwell, CT | $13K | 2023 |
| Palace TheaterPROGRAM GRANT - THEATER ARTS PROGRAM 2023-24 | Waterbury, CT | $12K | 2023 |
| Connecticut Choral Artists IncPROGRAM GRANT - CONCERT SEASON 2023-24 | New Britain, CT | $12K | 2023 |
| Polish American Foundation Of ConnecticutPROGRAM GRANT - 2023 MUSIC SERIES | New Britain, CT | $11K | 2023 |
| Safe Haven Of Greater WaterburyPROGRAM GRANT - DOMESTIC VIOLENCE AND SHELTER PROGRAM | Waterbury, CT | $10K | 2023 |
| Susan B Anthony ProjectPROGRAM GRANT - REBUILDING LIVES PROGRAM 2023-24 | Torrington, CT | $10K | 2023 |
© 2026 Granted AI