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Chicopee Savings Bank Charitable Foundation is a private corporation based in CHICOPEE, MA. The foundation received its IRS ruling in 2007. The principal officer is Meghan Hibner. It holds total assets of $6.1M. Annual income is reported at $2.4M. The foundation is governed by 8 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Massachusetts. According to available records, Chicopee Savings Bank Charitable Foundation has made 117 grants totaling $1.1M, with a median grant of $5K. Annual giving has decreased from $449K in 2021 to $284K in 2023. Individual grants have ranged from $350 to $91K, with an average award of $9K. The foundation has supported 88 unique organizations. The foundation primarily supports organizations in Massachusetts, Connecticut, Iowa, which account for 89% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
Chicopee Savings Bank Charitable Foundation reported 117 individual grants totaling $1.1 million between 2021 and 2023 across its IRS Form 990-PF filings, with a median grant of $5,000. Half of those grants fell between $3,000 and $10,000. Its largest single grant in the record was $91,000. Its most recent available filing, for fiscal year 2023, reports $408,239 in total giving.
Grantmaking is concentrated in MA, which received 98 of the 117 grants on record (84 percent). In total the foundation's grantees span 9 states. Of its 89 distinct grantees, 25 percent received funding more than once, so repeat relationships are the exception rather than the norm. Its largest institutional recipients were College Of Our Lady Of The Elms ($91,000), Springfield Library Foundation ($80,000) and Our Lady Of The Elms College ($80,000).
Computed from 117 individual grant records (2021–2023) in this foundation's IRS Form 990-PF Part XV filings, reaching 9 states. Source: IRS 990-PF.
Smallest Grant
$600
Median Grant
$3K
Average Grant
$8K
Largest Grant
$23K
Based on 31 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Chicopee Savings Bank Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 117 grants. Its grantmaking reaches organizations primarily in MA, CT, IA.
Chicopee Savings Bank Charitable Foundation has distributed a total of $1.1M across 117 grants. The median grant size is $5K, with an average of $9K. Individual grants have ranged from $350 to $91K.
The application deadline is SEE APPLICATION. To organizations exempt under section 503(c)(3) and section 170 of the internal revenue code that further community development and contribute to the quality of life in the communitites in which legacy chicopee savings bank, chicopee massachusetts, maintained a banking office as well as in the communities immediately adjacent to the communities in which legacy chicopee savings bank maintained a banking office.
Chicopee Savings Bank Charitable Foundation is headquartered in CHICOPEE, MA. While based in MA, the foundation distributes grants to organizations across 9 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gary Fitzgerald | DIRECTOR | $0 | $0 | N/A |
| Meghan Hibner | TREASURER | $0 | $0 | N/A |
| Gregg F Orlen | DIRECTOR | $0 | $0 | N/A |
| Theresa C Szlosek | SECRETARY/DIRECTOR | $0 | $0 | N/A |
| Michael Sobon | DIRECTOR | $0 | $0 | N/A |
| Guida R Sajdak | PRESIDENT/CHAIRPERSON | $0 | $0 | N/A |
| William J Giokas | DIRECTOR | $0 | $0 | N/A |
| James C Hagan | DIRECTOR | $0 | $0 | N/A |
Total Giving
$408K
Total Assets
$5.4M
Fair Market Value
$5.4M
Net Worth
$5M
Grants Paid
$284K
Contributions
N/A
Net Investment Income
$1.3M
Distribution Amount
$245K
Total: $5.4M
Total Grants
117
Total Giving
$1.1M
Average Grant
$9K
Median Grant
$5K
Unique Recipients
88
Most Common Grant
$3K
of 2023 grantees were first-time recipients
No individual grant records are available. Visit the foundation's 990-PF filings below for detailed grantee information.