//
Also known as: c/o Northfield Savings Bank
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Nsb Foundation Inc. is a private corporation based in BARRE, VT. The foundation received its IRS ruling in 2000. The principal officer is Norfield Savings Bank. It holds total assets of $3.6M. Annual income is reported at $794K. Total assets have grown from $1.3M in 2011 to $3.4M in 2023. The foundation is governed by 9 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 2020 to 2023. Grantmaking is concentrated in Vermont. According to available records, Nsb Foundation Inc. has made 21 grants totaling $971K, with a median grant of $50K. Annual giving has decreased from $400K in 2020 to $223K in 2023. Individual grants have ranged from $500 to $100K, with an average award of $46K. The foundation has supported 12 unique organizations. Grant recipients are concentrated in Vermont. Contributions to this foundation are tax-deductible.
Smallest Grant
$50K
Median Grant
$50K
Average Grant
$67K
Largest Grant
$100K
Based on 6 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.
Nsb Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in VT.
Nsb Foundation Inc. has distributed a total of $971K across 21 grants. The median grant size is $50K, with an average of $46K. Individual grants have ranged from $500 to $100K.
Nsb Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Nsb Foundation Inc. is headquartered in BARRE, VT.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John Grenier | Director | $550 | $0 | $550 |
| Dolly Fleming | Director | $550 | $0 | $550 |
| Keith Paxman | Vice President & Vice Chair | $550 | $0 | $550 |
| Nicole Carignan | President & Chair | $550 | $0 | $550 |
| Kerin Stackpole | Director | $550 | $0 | $550 |
| Heather Shouldice | Director (End December 2023) | $550 | $0 | $550 |
| Owiso Makuku | Director | $550 | $0 | $550 |
| Edward Sulva | Treasurer | $0 | $0 | N/A |
| Amy Turosak | Secretary | $0 | $0 | N/A |
Total Giving
$232K
Total Assets
$3.4M
Fair Market Value
$3.4M
Net Worth
$3.4M
Grants Paid
$223K
Contributions
$66K
Net Investment Income
$183K
Distribution Amount
$156K
Total: $3.3M
Total Grants
21
Total Giving
$971K
Average Grant
$46K
Median Grant
$50K
Unique Recipients
12
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boys And Girls Club Of BurlingtonGeneral Operating Support | Burlington, VT | $50K | 2023 |
| Lund Family Center IncGeneral Operating Support | South Burlington, VT | $50K | 2023 |
| Mercy ConnectionsGeneral Operating Support | Burlington, VT | $50K | 2023 |
| Spectrum Youth & Family ServicesGeneral Operating Support | Burlington, VT | $50K | 2023 |
| Center For Financial Literacy At Champlain CollegeGeneral Operating Support | Burlington, VT | $23K | 2023 |
| Vermont Afterschool IncGeneral Operating Support | Colchester, VT | $25K | 2022 |
| Vermont Works For WomenGeneral Operating Support | Winooski, VT | $500 | 2022 |
| Central Vermont Career CenterGeneral Operating Support | Barre, VT | $500 | 2022 |
| Naacp - Windham County Vermont BranchGeneral Operating Support | Brattleboro, VT | $100K | 2020 |
| Migrant JusticeGeneral Operating Support | Burlington, VT | $50K | 2020 |
| Voices For Vermont ChildrenGeneral Operating Support | Montpelier, VT | $50K | 2020 |
| City Of Burlington Community Economic Development OfficeVermont Professionals of Color Network | Burlington, VT | $50K | 2020 |
CRAFTSBURY CM, VT
STOWE, VT
MARLBORO, VT