//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Milford Bank Foundation Inc. is a private corporation based in MILFORD, CT. The foundation received its IRS ruling in 2003. The principal officer is Robert Macklin. It holds total assets of $602K. Annual income is reported at $148K. Total assets have grown from $241K in 2011 to $476K in 2023. The foundation is governed by 14 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Connecticut. According to available records, Milford Bank Foundation Inc. has made 259 grants totaling $279K, with a median grant of $500. Annual giving has grown from $17K in 2020 to $47K in 2023. Grantmaking activity was highest in 2022 with $215K distributed across 222 grants. Individual grants have ranged from $150 to $25K, with an average award of $1K. The foundation has supported 75 unique organizations. Grant recipients are concentrated in Connecticut. Contributions to this foundation are tax-deductible.
Smallest Grant
$300
Median Grant
$1K
Average Grant
$1K
Largest Grant
$2K
Based on 14 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.
Milford Bank Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 259 grants. Its grantmaking reaches organizations primarily in CT.
Milford Bank Foundation Inc. has distributed a total of $279K across 259 grants. The median grant size is $500, with an average of $1K. Individual grants have ranged from $150 to $25K.
Milford Bank Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Milford Bank Foundation Inc. is headquartered in MILFORD, CT.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| James R Beard | BOARD CHAIR | $0 | $0 | N/A |
| David B Rubin | BOARD VICE CHAIR | $0 | $0 | N/A |
| Michael A Capodanno | TREASURER | $0 | $0 | N/A |
| Anne Marie Lenart | SECRETARY | $0 | $0 | N/A |
| John A Harkins | BOARD MEMBER | $0 | $0 | N/A |
| Joy Topazian Moore | BOARD MEMBER | $0 | $0 | N/A |
| Raymond A Macaluso | BOARD MEMBER | $0 | $0 | N/A |
| Kevin C Mcgrath | BOARD MEMBER | $0 | $0 | N/A |
| Peter A Olsen | BOARD MEMBER | $0 | $0 | N/A |
| Carol A Mcinnis | BOARD MEMBER | $0 | $0 | N/A |
| David Esposito | BOARD MEMBER | $0 | $0 | N/A |
| Beverly K Streit-Kefalas | BOARD MEMBER | $0 | $0 | N/A |
| Michael J Paolini | BOARD MEMBER | $0 | $0 | N/A |
| Susan L Shields | PRESIDENT & CHAIR | $0 | $0 | N/A |
Total Giving
$48K
Total Assets
$476K
Fair Market Value
$476K
Net Worth
$476K
Grants Paid
$47K
Contributions
$50K
Net Investment Income
$4K
Distribution Amount
$19K
Total Revenue
$51K
990PF · 2023
Total Expenses
$48K
990PF · 2023
Total Assets
$476K
990PF · 2023
Net Assets
$476K
990PF · 2023
Total Grants
259
Total Giving
$279K
Average Grant
$1K
Median Grant
$500
Unique Recipients
75
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Milford Historical SocietyUNRESTRICTED | Milford, CT | $300 | 2023 |
| The Storehouse ProjectTO FUND THE PURCHASE OF NEW FACILITY AND EQUIPMENT AND SUPPORT ONGOING OPERATING EXPENSES | Milford, CT | $25K | 2023 |
| Stratford PalUNRESTRICTED | Stratford, CT | $2K | 2023 |
| Sterling House Community CenterUNRESTRICTED | Stratford, CT | $2K | 2023 |
| Boys & Girls Club Of MilfordUNRESTRICTED | Milford, CT | $2K | 2023 |
| Emerge IncUNRESTRICTED | Stratford, CT | $2K | 2023 |
| United Way Of MilfordUNRESTRICTED | Milford, CT | $2K | 2023 |
| Purple Pantry BoxesUNRESTRICTED | Milford, CT | $1K | 2023 |
| Bridges Healthcare IncUNRESTRICTED | Milford, CT | $1K | 2023 |
| Milford National Lou Gehrig LlUNRESTRICTED | Milford, CT | $1K | 2023 |
| Pantochino ProductionsUNRESTRICTED | West Haven, CT | $1K | 2023 |
| Platt Tech HsUNRESTRICTED | Milford, CT | $1K | 2023 |
| Rape Crisis CenterUNRESTRICTED | Milford, CT | $1K | 2023 |
| Stratford Education FoundationUNRESTRICTED | Stratford, CT | $1K | 2023 |
| Team IncUNRESTRICTED | Derby, CT | $1K | 2023 |
| Literacy Volunteers Of Southern CtUNRESTRICTED | Milford, CT | $950 | 2023 |
| Friends Of The Milford LibraryUNRESTRICTED | Milford, CT | $500 | 2023 |
| Freelove Baldwin Stow Chapter DarUNRESTRICTED | Milford, CT | $500 | 2023 |
| Giving Table The Foran HsUNRESTRICTED | Milford, CT | $500 | 2023 |
| Perry House FoundationUNRESTRICTED | Stratford, CT | $500 | 2023 |
| Room 17 MathUNRESTRICTED | Milford, CT | $500 | 2023 |
| Junior Major League IncUNRESTRICTED | Milford, CT | $250 | 2023 |
| Stratford Historical SocietyUNRESTRICTED | Stratford, CT | $250 | 2023 |
| Milford Arts CouncilUNRESTRICTED | Milford, CT | $4K | 2022 |
| Literacy Volunteers Of Southern ConnecticutUNRESTRICTED | Milford, CT | $3K | 2022 |
| Connecticut Burns Care FoundationUNRESTRICTED | Milford, CT | $2K | 2022 |
| Beth El CenterUNRESTRICTED | Milford, CT | $2K | 2022 |
| Stratford LibraryUNRESTRICTED | Stratford, CT | $2K | 2022 |
| Orange Volunteer Fire DepartmentUNRESTRICTED | Orange, CT | $2K | 2022 |