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Putnam Bank Foundation is a private corporation based in PUTNAM, CT. The foundation received its IRS ruling in 2006. The principal officer is Robert J Halloran Jr. It holds total assets of $2.4M. Annual income is reported at $332K. Total assets have grown from $522K in 2011 to $2.4M in 2024. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Connecticut. According to available records, Putnam Bank Foundation has made 37 grants totaling $104K, with a median grant of $3K. The foundation has distributed between $49K and $55K annually from 2021 to 2023. Individual grants have ranged from $250 to $16K, with an average award of $3K. The foundation has supported 29 unique organizations. Grants have been distributed to organizations in Connecticut and Massachusetts. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$2K
Average Grant
$3K
Largest Grant
$15K
Based on 19 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.
Putnam Bank Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 37 grants. Its grantmaking reaches organizations primarily in CT, MA.
Putnam Bank Foundation has distributed a total of $104K across 37 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $250 to $16K.
The geographic area of putnam, ct and surrounding towns.
Putnam Bank Foundation is headquartered in PUTNAM, CT. While based in CT, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Thomas A Borner | PRESIDENT | $0 | $0 | N/A |
| Richard A Loomis | VP & TREASUR | $0 | $0 | N/A |
| Paul M Kelly | DIRECTOR | $0 | $0 | N/A |
| Jitendra Sinha | DIRECTOR | $0 | $0 | N/A |
| Charles H Puffer | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$2.4M
Fair Market Value
N/A
Net Worth
$2.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
37
Total Giving
$104K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
29
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Aspinock Historical Society PutnamDONATION | Putnam, CT | $7K | 2023 |
| Town Of PutnamARTS, CRAFT, & VARIOUS FESTIVALS | Putnam, CT | $7K | 2023 |
| Hale Ymca Youth & Family CenterYOUTH ACTIVITY SPONSORSHIP | Putnam, CT | $5K | 2023 |
| Jolly John'S Keep On Truckin FundDONATION | Columbia, CT | $5K | 2023 |
| Northeast Opportunities WellnessFAMILY & YOUTH ENGAGEMENT | Putnam, CT | $4K | 2023 |
| The Last Green ValleyCONSERVATION ACTIVITIES | Danielson, CT | $3K | 2023 |
| Community Foundation Of Eastern CtWOMEN & GIRLS FUND | New London, CT | $3K | 2023 |
| Quiet Corner Garden ClubDONATION | Woodstock, CT | $3K | 2023 |
| Qvcc Foundation IncTACKLE THE TRAIL | Danielson, CT | $3K | 2023 |
| Community Cultural Committee NectDONATION | Pomfret, CT | $2K | 2023 |
| Woodstock Agricultural SocietyDONATION | Woodstock, CT | $1K | 2023 |
| Day Kimball HealthcareDONATION | Putnam, CT | $1K | 2023 |
| American Legion Post 13DONATION | Putnam, CT | $1K | 2023 |
| Daily Bread Food PantryDONATION | Putnam, CT | $1K | 2023 |
| Quiet Corner CaresDONATION | Putnam, CT | $603 | 2023 |
| Danielson Veterans Cofee HouseDONATION | Danielson, CT | $500 | 2023 |
| Town Of Putnam Veterans AdvisoryDONATION | Putnam, CT | $300 | 2023 |
| Worcester County Poetry Association2023 POETRY SERIES | Worcester, MA | $250 | 2023 |
| Northeast Ct Cancer CrusadersCANCER RESEARCH/CARE | Putnam, CT | $250 | 2023 |
| The Putnam Lions FoundationDONATION | Putnam, CT | $250 | 2023 |
| Town Of Putnam Recreation DeptYOUTH ACTIVITIES | Putnam, CT | $5K | 2021 |
| United Community & Family Services5TH INSTALLMENT OF 25,000 PLEDGE | Norwich, CT | $5K | 2021 |
| Teeg PafDONATION | N Grosvenor Dale, CT | $3K | 2021 |
| Project Pin Food PantryDONATION | Moosup, CT | $3K | 2021 |
| Pomfret Public LibraryCAPITAL CAMPAIGN | Pomfret, CT | $3K | 2021 |
| Northeast Ct Art GuildYOUTH ACTIVITIES | Danielson, CT | $3K | 2021 |
| Northeast Womens & Girls FundDONATION | New London, CT | $3K | 2021 |
| The Arc Eastern CtFUNDING WEIGHTED BLANKETS & CHAIRS | Danielson, CT | $2K | 2021 |
| Womens Board Of Day Kimball HospitaDONATION | Putnam, CT | $250 | 2021 |