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Ion Bank Foundation Inc. is a private corporation based in NAUGATUCK, CT. The foundation received its IRS ruling in 1998. It holds total assets of $14.8M. Annual income is reported at $11M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Ion Bank Foundation Inc. has made 686 grants totaling $2M, with a median grant of $562.5. The foundation has distributed between $976K and $981K annually from 2020 to 2022. Individual grants have ranged from $100 to $100K, with an average award of $3K. The foundation has supported 423 unique organizations. The foundation primarily supports organizations in Connecticut, Massachusetts, New Jersey, which account for 100% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Ion Bank Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 686 grants. Its grantmaking reaches organizations primarily in CT, MA, NJ.
Ion Bank Foundation Inc. has distributed a total of $2M across 686 grants. The median grant size is $562.5, with an average of $3K. Individual grants have ranged from $100 to $100K.
Ion Bank Foundation Inc. is a private foundation. To inquire about grants, you can look up the foundation using their EIN (061513293) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Ion Bank Foundation Inc. is headquartered in NAUGATUCK, CT. While based in CT, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Charles J Boulier Iii | DIRECTOR | $0 | $0 | $0 |
| David J Rotatori | PRESIDENT & CEO | $0 | $0 | $0 |
| Stephen Widman | DIRECTOR | $0 | $0 | $0 |
| David Nurnberger | DIRECTOR | $0 | $0 | $0 |
| Kathleen Mcpadden | OFFICER | $0 | $0 | $0 |
Total Giving
$1.3M
Total Assets
$14M
Fair Market Value
$14M
Net Worth
$14M
Grants Paid
$1.2M
Contributions
$519
Net Investment Income
$786K
Distribution Amount
$629K
Total: $1.3M
Total Grants
686
Total Giving
$2M
Average Grant
$3K
Median Grant
$562.5
Unique Recipients
423
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| New Opportunities"GRANT" | Waterbury, CT | $15K | 2022 |
| United Way Of Naugatuck & Beacon Falls"CONTRIBUTION & SPECIAL DONATION" | Naugatuck, CT | $100K | 2022 |
| United Way Of Greater Waterbury"CONTRIBUTION & HOMELESSNESS INITIATIVE" | Waterbury, CT | $60K | 2022 |
| Connecticut Community Foundation"CONTRIBUTION" | Waterbury, CT | $40K | 2022 |
| The Palace Theater Group Inc"2023 SPONSORSHIP" | Waterbury, CT |
| Gary O'Connor |
| DIRECTOR |
| $0 |
| $0 |
| $0 |
| Andrew Skipp | DIRECTOR | $0 | $0 | $0 |
| William Samuelson | DIRECTOR | $0 | $0 | $0 |
| Patrick Charmel | DIRECTOR | $0 | $0 | $0 |
| Michelle Stronz | DIRECTOR | $0 | $0 | $0 |
| Dana Silva | OFFICER | $0 | $0 | $0 |
| Ginger Fennell | OFFICER | $0 | $0 | $0 |
| $20K |
| 2022 |
| Operation Fuel"GRANT" | Hartford, CT | $20K | 2022 |
| Saint Mary'S Hospital Foundation"CONTRIBUTION" | Waterbury, CT | $20K | 2022 |
| Elim Park Baptist Home Inc"GRANT" | Cheshire, CT | $15K | 2022 |
| Abilities Without Boundaries"CONTRIBUTION" | Cheshire, CT | $15K | 2022 |
| Boys & Girls Club Of Greater Waterbury"CONTRIBUTION" | Waterbury, CT | $12K | 2022 |
| Naugtuck Economic Development Corp"CONTRIBUTION" | Naugatuck, CT | $11K | 2022 |
| Family Leadership Center"GRANT" | Watertown, CT | $10K | 2022 |
| Hands On Hartford Inc"GRANT" | Hartford, CT | $10K | 2022 |
| Neighborhood Housing Serv Of Waterbury"GRANT" | Waterbury, CT | $10K | 2022 |
| New Horizons Inc"GRANT" | Unionville, CT | $10K | 2022 |
| Community Mental Health Affiliates Inc"GRANT" | New Britain, CT | $10K | 2022 |
| Madre Latina Organization Inc"GRANT" | Waterbury, CT | $10K | 2022 |
| Ct Partnership For Children Inc"CONTRIBUTION" | Naugatuck, CT | $10K | 2022 |
| Stvincent Depaul Mission Of Waterbury"ANNUAL CONTRIBUTION" | Waterbury, CT | $10K | 2022 |
| Greater Waterbury Interfaith Ministries Inc"ANNUAL CONTRIBUTION" | Waterbury, CT | $10K | 2022 |
| The Salvation Army Of Greater Waterbury"ANNUAL CONTRIBUTION" | Waterbury, CT | $10K | 2022 |
| Ecumenical Food Bank Inc"ANNUAL CONTRIBUTION" | Naugatuck, CT | $10K | 2022 |
| Womens Business Development Council Inc"CONTRIBUTION" | Stamford, CT | $10K | 2022 |
| Griffin Hospital Development Fund Inc"2022 PARTNER SPONSORSHIP" | Derby, CT | $10K | 2022 |
| Valley United Way"CONTRIBUTION" | Shelton, CT | $10K | 2022 |
| Naugatuck Ambulance Inc"GRANT" | Naugatuck, CT | $10K | 2022 |
| Greater Waterbury Campership Fund"CONTRIBUTION" | Waterbury, CT | $9K | 2022 |
| Women And Families Center"GRANT" | Meriden, CT | $8K | 2022 |
| Malta House Of Care- Waterbury Inc"GRANT" | Middlebury, CT | $8K | 2022 |
| Columbus House Inc"GRANT" | New Haven, CT | $8K | 2022 |
| Kelly'S Kids Inc"GRANT" | Prospect, CT | $7K | 2022 |
| Bread For Life Inc"GRANT" | Southington, CT | $7K | 2022 |
| Literacy Volunteers Of Greater Waterbury"GRANT" | Waterbury, CT | $6K | 2022 |
| Literacy Volunteers Of Greater New Haven"GRANT" | New Haven, CT | $6K | 2022 |
| United Way Of Central And Northeastern Connecticut"CONTRIBUTION" | Hartford, CT | $6K | 2022 |
| Children In Placement"GRANT" | New Haven, CT | $6K | 2022 |
| Seymour Pink Inc"CONTRIBUTION" | Seymour, CT | $5K | 2022 |
| Camp Courant Inc"GRANT" | Farmington, CT | $5K | 2022 |
| Borough Of Naugatuck"SENIOR CITIZEN PROJECT" | Naugatuck, CT | $5K | 2022 |
| Childrens' Community School Inc"GRANT" | Waterbury, CT | $5K | 2022 |
| Midwest Food Bank New England"CONTRIBUTION" | Manchester, CT | $5K | 2022 |
| Klingberg Family Center"CONTRIBUTION" | New Britain, CT | $5K | 2022 |
| Boys And Girls Club Of New Britain Inc"CONTRIBUTION" | New Britain, CT | $5K | 2022 |
| Statewide Leagl Services Of Ct Inc"GRANT" | Wetherfield, CT | $5K | 2022 |
| Team Inc"GRANT" | Derby, CT | $5K | 2022 |
| Prudence Crandall Center Inc"GRANT" | New Britain, CT | $5K | 2022 |
| Chrysalis Center Inc"GRANT" | Hartford, CT | $5K | 2022 |
| Southington Cheshire Community Ymca"GRANT" | Southington, CT | $5K | 2022 |
| Seven Angels Theatre Hamilton Park Pavilion"CONTRIBUTION" | Waterbury, CT | $5K | 2022 |
| Hidden Acres"CONTRIBUTION" | Naugatuck, CT | $5K | 2022 |
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