//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
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. Total assets have grown from $4M in 2011 to $14M in 2023. The foundation is governed by 12 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Connecticut. 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.
Smallest Grant
$150
Median Grant
$500
Average Grant
$3K
Largest Grant
$65K
Based on 336 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.
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.
The application deadline is SEE ATTACHED GRANT GUIDELINES (AVAILABLE ON WEB-SITE). See attached grant guidelines (available on web-site).
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 | N/A |
| David J Rotatori | PRESIDENT & CEO | $0 | $0 | N/A |
| Stephen Widman | DIRECTOR | $0 | $0 | N/A |
| David Nurnberger | DIRECTOR | $0 | $0 | N/A |
| Kathleen Mcpadden | OFFICER | $0 | $0 | N/A |
| Gary O'Connor | DIRECTOR | $0 | $0 | N/A |
| Andrew Skipp | DIRECTOR | $0 | $0 | N/A |
| William Samuelson | DIRECTOR | $0 | $0 | N/A |
| Patrick Charmel | DIRECTOR | $0 | $0 | N/A |
| Michelle Stronz | DIRECTOR | $0 | $0 | N/A |
| Dana Silva | OFFICER | $0 | $0 | N/A |
| Ginger Fennell | OFFICER | $0 | $0 | N/A |
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 |
| Saint Mary'S Hospital Foundation"CONTRIBUTION" | Waterbury, CT | $20K | 2022 |
| The Palace Theater Group Inc"2023 SPONSORSHIP" | Waterbury, CT | $20K | 2022 |
| Operation Fuel"GRANT" | Hartford, CT | $20K | 2022 |
| Abilities Without Boundaries"CONTRIBUTION" | Cheshire, CT | $15K | 2022 |
| Elim Park Baptist Home Inc"GRANT" | Cheshire, CT | $15K | 2022 |
| Boys & Girls Club Of Greater Waterbury"CONTRIBUTION" | Waterbury, CT | $12K | 2022 |
| Naugtuck Economic Development Corp"CONTRIBUTION" | Naugatuck, CT | $11K | 2022 |
| Greater Waterbury Interfaith Ministries Inc"ANNUAL CONTRIBUTION" | Waterbury, CT | $10K | 2022 |
| Griffin Hospital Development Fund Inc"2022 PARTNER SPONSORSHIP" | Derby, CT | $10K | 2022 |
| Womens Business Development Council Inc"CONTRIBUTION" | Stamford, CT | $10K | 2022 |
| Stvincent Depaul Mission Of Waterbury"ANNUAL CONTRIBUTION" | Waterbury, CT | $10K | 2022 |
| Naugatuck Ambulance Inc"GRANT" | Naugatuck, CT | $10K | 2022 |
| The Salvation Army Of Greater Waterbury"ANNUAL CONTRIBUTION" | Waterbury, CT | $10K | 2022 |
| Community Mental Health Affiliates Inc"GRANT" | New Britain, CT | $10K | 2022 |
| Family Leadership Center"GRANT" | Watertown, CT | $10K | 2022 |
| Neighborhood Housing Serv Of Waterbury"GRANT" | Waterbury, CT | $10K | 2022 |
| Ct Partnership For Children Inc"CONTRIBUTION" | Naugatuck, CT | $10K | 2022 |
| Hands On Hartford Inc"GRANT" | Hartford, CT | $10K | 2022 |
| Valley United Way"CONTRIBUTION" | Shelton, CT | $10K | 2022 |
| Ecumenical Food Bank Inc"ANNUAL CONTRIBUTION" | Naugatuck, CT | $10K | 2022 |
| Madre Latina Organization Inc"GRANT" | Waterbury, CT | $10K | 2022 |
| New Horizons Inc"GRANT" | Unionville, 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 |
| Children In Placement"GRANT" | New Haven, CT | $6K | 2022 |
| United Way Of Central And Northeastern Connecticut"CONTRIBUTION" | Hartford, CT | $6K | 2022 |
| Naugatuck Ymca"GRANT" | Naugatuck, CT | $5K | 2022 |
| Horizons Inc"GRANT" | South Windham, 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 |
| Borough Of Naugatuck"SENIOR CITIZEN PROJECT" | Naugatuck, CT | $5K | 2022 |
| Camp Courant Inc"GRANT" | Farmington, CT | $5K | 2022 |
| Boys And Girls Club Of New Britain Inc"CONTRIBUTION" | New Britain, CT | $5K | 2022 |