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Also known as: C/O NEWTOWN SAVINGS BANK
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Newtown Savings Bank Foundation Inc. is a private corporation based in NEWTOWN, CT. The foundation received its IRS ruling in 2000. The principal officer is John J Martocci. It holds total assets of $8M. Annual income is reported at $919K. Total assets have grown from $923K in 2010 to $5.4M in 2022. The foundation is governed by 12 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, Newtown Savings Bank Foundation Inc. has made 275 grants totaling $846K, with a median grant of $2K. Annual giving has grown from $142K in 2020 to $200K in 2023. Grantmaking activity was highest in 2022 with $504K distributed across 146 grants. Individual grants have ranged from $500 to $20K, with an average award of $3K. The foundation has supported 113 unique organizations. Grant recipients are concentrated in Connecticut. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$3K
Largest Grant
$11K
Based on 54 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.
Newtown Savings Bank Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 275 grants. Its grantmaking reaches organizations primarily in CT.
Newtown Savings Bank Foundation Inc. has distributed a total of $846K across 275 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $500 to $20K.
Newtown Savings Bank Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. Grants are limited to applicants in the newtown and surrounding area and communities with newtown savings bank branches.
Newtown Savings Bank Foundation Inc. is headquartered in NEWTOWN, CT.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John F Trentacosta | DIRECTOR | $0 | $0 | N/A |
| Laureen A Trotto | DIRECTOR | $0 | $0 | N/A |
| Brian C White | DIRECTOR | $0 | $0 | N/A |
| Kenneth L Weinstein | PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| William J Mccarthy | SVP | $0 | $0 | N/A |
| Julia Douglas | SECRETARY | $0 | $0 | N/A |
| Carrie L Amos | DIRECTOR | $0 | $0 | N/A |
| William A Brimmer Jr | DIRECTOR | $0 | $0 | N/A |
| Alan J Clavette | DIRECTOR | $0 | $0 | N/A |
| James A Kennedy | DIRECTOR | $0 | $0 | N/A |
| Carol L Mahoney | DIRECTOR | $0 | $0 | N/A |
| James T Morley Jr | DIRECTOR | $0 | $0 | N/A |
Total Giving
$227K
Total Assets
$5.4M
Fair Market Value
$5.4M
Net Worth
$5.4M
Grants Paid
$200K
Contributions
$1M
Net Investment Income
$138K
Distribution Amount
$250K
Total: $2.6M
Total Grants
275
Total Giving
$846K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
113
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Building Neighborhoods TogetherEXEMPT PURPOSE | Bridgeport, CT | $15K | 2023 |
| Lifebridge Community ServicesEXEMPT PURPOSE | Bridgeport, CT | $10K | 2023 |
| United Way Of Western ConnecticutEXEMPT PURPOSE | Danbury, CT | $8K | 2023 |
| Sandy Hook Organization For ProsperityEXEMPT PURPOSE | Sandy Hook, CT | $8K | 2023 |
| The Center For Empowerment And EducationEXEMPT PURPOSE | Danbury, CT | $8K | 2023 |
| Thomas Merton CenterEXEMPT PURPOSE | Bridgeport, CT | $5K | 2023 |
| Catholic Charities Of Fairfield CountyEXEMPT PURPOSE | Bridgeport, CT | $5K | 2023 |
| Horizons Of Notre DameEXEMPT PURPOSE | Fairfield, CT | $5K | 2023 |
| Connecticut Institute For CommunitiesEXEMPT PURPOSE | Danbury, CT | $5K | 2023 |
| Newtown Scholarship AssociationEXEMPT PURPOSE | Newtown, CT | $5K | 2023 |
| Team IncEXEMPT PURPOSE | Derby, CT | $5K | 2023 |
| Women'S Business Development Council IncEXEMPT PURPOSE | Stamford, CT | $5K | 2023 |
| Wcsu FoundationEXEMPT PURPOSE | Danbury, CT | $5K | 2023 |
| Foundation For Excellence In Bridgeport Public SchoolsEXEMPT PURPOSE | Bridgeport, CT | $5K | 2023 |
| Habitat For Humanity Of Coastal Fairfield CountyEXEMPT PURPOSE | Bridgeport, CT | $4K | 2023 |
| Bridgeport Rescue MissionEXEMPT PURPOSE | Bridgeport, CT | $4K | 2023 |
| The Kennedy CenterEXEMPT PURPOSE | Trumbull, CT | $3K | 2023 |
| Housatonic Habitat For HumanityEXEMPT PURPOSE | Danbury, CT | $3K | 2023 |
| Danbury Youth ServicesEXEMPT PURPOSE | Danbury, CT | $3K | 2023 |
| Valley United WayEXEMPT PURPOSE | Shelton, CT | $3K | 2023 |
| Horizons At Sacred Heart UniversityEXEMPT PURPOSE | Fairfield, CT | $2K | 2023 |
| Southbury Food BankEXEMPT PURPOSE | Southbury, CT | $2K | 2023 |
| Spooner HouseEXEMPT PURPOSE | Shelton, CT | $2K | 2023 |
| TbicoEXEMPT PURPOSE | Danbury, CT | $2K | 2023 |
| The Community Action Agency Of Western CtEXEMPT PURPOSE | Danbury, CT | $2K | 2023 |
| Town Of Monroe Social ServicesEXEMPT PURPOSE | Monroe, CT | $2K | 2023 |
| Trumbull Department Of Social ServicesEXEMPT PURPOSE | Trumbull, CT | $2K | 2023 |
| Housatonic Community College FoundationEXEMPT PURPOSE | Bridgeport, CT | $2K | 2023 |
| Score Western CtEXEMPT PURPOSE | Danbury, CT | $2K | 2023 |
| Bedrock Credit AmericaEXEMPT PURPOSE | Southbury, CT | $2K | 2023 |
| Brookfield Social ServicesEXEMPT PURPOSE | Brookfield, CT | $2K | 2023 |
| Connecticut Housing PartnersEXEMPT PURPOSE | Trumbull, CT | $2K | 2023 |
| Daily Bread Food PantryEXEMPT PURPOSE | Danbury, CT | $2K | 2023 |
| Danbury High SchoolEXEMPT PURPOSE | Danbury, CT | $2K | 2023 |
| Danbury VitaEXEMPT PURPOSE | Danbury, CT | $2K | 2023 |
| Dorothy Day Hospitality HouseEXEMPT PURPOSE | Danbury, CT | $2K | 2023 |
| Faith Food Pantry Of Newtown IncEXEMPT PURPOSE | Newtown, CT | $2K | 2023 |
| Foundations In Education IncEXEMPT PURPOSE | Bridgeport, CT | $2K | 2023 |
| Homes For The BraveEXEMPT PURPOSE | Bridgeport, CT | $2K | 2023 |
| Mercy Learning CenterEXEMPT PURPOSE | Bridgeport, CT | $2K | 2023 |
| Neighborhood Housing Services Of New HavenEXEMPT PURPOSE | New Haven, CT | $2K | 2023 |
| Newtown Community CenterEXEMPT PURPOSE | Newtown, CT | $2K | 2023 |
| Real Food CtEXEMPT PURPOSE | Newtown, CT | $2K | 2023 |
| Regional Ymca Of Western CtEXEMPT PURPOSE | Danbury, CT | $2K | 2023 |
| Renewal HouseEXEMPT PURPOSE | Danbury, CT | $2K | 2023 |
| Sacred Heart University'S Discovery Science CenterEXEMPT PURPOSE | Bridgeport, CT | $2K | 2023 |
| Amos HouseEXEMPT PURPOSE | Danbury, CT | $2K | 2023 |
| Seymouroxford Food BankEXEMPT PURPOSE | Seymour, CT | $2K | 2023 |
| United Way Of Greater New HavenEXEMPT PURPOSE | New Haven, CT | $2K | 2023 |
| Immaculate High SchoolEXEMPT PURPOSE | Danbury, CT | $2K | 2023 |