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The Troy Savings Bank Charitable Foundation Inc. is a private corporation based in TROY, NY. The foundation received its IRS ruling in 2001. The principal officer is Daniel J Hogarty Jr. It holds total assets of $11.8M. Annual income is reported at $3.2M. The foundation is governed by 7 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. Grantmaking is concentrated in New York. According to available records, The Troy Savings Bank Charitable Foundation Inc. has made 241 grants totaling $3M, with a median grant of $3K. Annual giving has decreased from $1M in 2020 to $466K in 2023. Individual grants have ranged from $100 to $275K, with an average award of $13K. The foundation has supported 103 unique organizations. The foundation primarily supports organizations in New York, Pennsylvania, District of Columbia, which account for 100% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$9K
Average Grant
$20K
Largest Grant
$275K
Based on 51 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.
The Troy Savings Bank Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 241 grants. Its grantmaking reaches organizations primarily in NY, PA, DC.
The Troy Savings Bank Charitable Foundation Inc. has distributed a total of $3M across 241 grants. The median grant size is $3K, with an average of $13K. Individual grants have ranged from $100 to $275K.
Applicants must be local, legally incorporated, irs 501(c) 3 organizations.
The Troy Savings Bank Charitable Foundation Inc. is headquartered in TROY, NY. While based in NY, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Leslie Cheu | EXECUTIVE DI | $119K | $0 | $119K |
| Lois Arakelian | DIRECTOR | $0 | $0 | N/A |
| Micki Massry | DIRECTOR | $0 | $0 | N/A |
| Anthony O'Haire | VICE PRESIDE | $0 | $0 | N/A |
| Sophia Hammett Turner | SECRETARY | $0 | $0 | N/A |
| Robert Fritz | TREASURER | $0 | $0 | N/A |
| Sheila Mendleson | PRESIDENT | $0 | $0 | N/A |
Total Giving
$750K
Total Assets
$12M
Fair Market Value
$13.1M
Net Worth
$12M
Grants Paid
$466K
Contributions
N/A
Net Investment Income
$248K
Distribution Amount
$618K
Total: $11.6M
Total Grants
241
Total Giving
$3M
Average Grant
$13K
Median Grant
$3K
Unique Recipients
103
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Paul'S ChurchPROGRAM SUPPORT | Troy, NY | $55K | 2023 |
| Big Brothers Big SistersPROGRAM SUPPORT | Glens Falls, NY | $5K | 2023 |
| Troy Savings Bank MusicPROGRAM SUPPORT | Troy, NY | $153K | 2023 |
| Commission On Economic OpportunityPROGRAM SUPPORT | Troy, NY | $34K | 2023 |
| St Catherine'S Center For ChildrenPROGRAM SUPPORT | Albany, NY | $18K | 2023 |
| Tsb Music Hall CorporationPROGRAM SUPPORT | Troy, NY | $16K | 2023 |
| Interfaith PartnershipPROGRAM SUPPORT | Albany, NY | $16K | 2023 |
| Arts Center Of The Capital RegionPROGRAM SUPPORT | Troy, NY | $15K | 2023 |
| Vanderheyden HallPROGRAM SUPPORT | Wynantskill, NY | $15K | 2023 |
| Jewish Family Services OfPROGRAM SUPPORT | Albany, NY | $15K | 2023 |
| Tap IncPROGRAM SUPPORT | Troy, NY | $15K | 2023 |
| Troy Area United MinistriesPROGRAM SUPPORT | Troy, NY | $14K | 2023 |
| Mom Starts HerePROGRAM SUPPORT | Troy, NY | $10K | 2023 |
| Regional Food Bank Of NenyPROGRAM SUPPORT | Latham, NY | $10K | 2023 |
| Christian Brothers AcademyPROGRAM SUPPORT | Albany, NY | $8K | 2023 |
| Shred FoundationPROGRAM SUPPORT | Troy, NY | $8K | 2023 |
| Ywca Of The Greater Capital RegionPROGRAM SUPPORT | Troy, NY | $6K | 2023 |
| Capital Region Sponsor-A-ScholarPROGRAM SUPPORT | Albany, NY | $5K | 2023 |
| Troy Bike RescuePROGRAM SUPPORT | Troy, NY | $5K | 2023 |
| Cohoes Connect ProjectPROGRAM SUPPORT | Cohoes, NY | $5K | 2023 |
| Ny Funders AlliancePROGRAM SUPPORT | Syracuse, NY | $5K | 2023 |
| Joy Of Troy CommunityPROGRAM SUPPORT | Troy, NY | $3K | 2023 |
| Oakwood Community Center IncPROGRAM SUPPORT | Troy, NY | $3K | 2023 |
| Safe Inc Of SchenectadyPROGRAM SUPPORT | Schenectady, NY | $3K | 2023 |
| Unity House Of Troy IncPROGRAM SUPPORT | Troy, NY | $3K | 2023 |
| Refugee Welcome CorporationPROGRAM SUPPORT | Albany, NY | $2K | 2023 |
| United Way Of The GreaterPROGRAM SUPPORT | Albany, NY | $2K | 2023 |
| Nopiates Committee IncPROGRAM SUPPORT | West Sand Lake, NY | $2K | 2023 |
| Ronald Mcdonald House CharitiesPROGRAM SUPPORT | Albany, NY | $2K | 2023 |
| Van Rensselaer Garden ClubPROGRAM SUPPORT | Wynantskill, NY | $1K | 2023 |
| Capital District Educational OpportPROGRAM SUPPORT | Troy, NY | $1K | 2023 |
| Ellen Sinopoli Dance CompanyPROGRAM SUPPORT | Troy, NY | $1K | 2023 |
| Contemporary Circus AndPROGRAM SUPPORT | Troy, NY | $1K | 2023 |
| United Tenants Of Albany IncPROGRAM SUPPORT | Albany, NY | $1K | 2023 |
| Hoosick Area Church AssociationPROGRAM SUPPORT | Hoosick Falls, NY | $750 | 2023 |
| Catholic Charities Of The DiocesePROGRAM SUPPORT | Albany, NY | $750 | 2023 |
| Capital District Latinos IncPROGRAM SUPPORT | Bronx, NY | $750 | 2023 |
| Roarke CenterPROGRAM SUPPORT | Albany, NY | $750 | 2023 |
| St Joseph'S ChurchPROGRAM SUPPORT | Troy, NY | $750 | 2023 |
| St Paul'S CenterPROGRAM SUPPORT | Rensselaer, NY | $750 | 2023 |
| Joseph'S House & ShelterPROGRAM SUPPORT | Troy, NY | $750 | 2023 |
| Hope 7 Community CenterPROGRAM SUPPORT | Troy, NY | $750 | 2023 |
| Focus Churches Of Albany IncPROGRAM SUPPORT | Albany, NY | $750 | 2023 |
| First Church In AlbanyPROGRAM SUPPORT | Albany, NY | $750 | 2023 |
| Church Of The Blessed SacramentPROGRAM SUPPORT | Albany, NY | $750 | 2023 |
| Homeless And Travelers Aid SocietyPROGRAM SUPPORT | Albany, NY | $750 | 2023 |
| Hudson Mohawk Industrial GatewayPROGRAM SUPPORT | Troy, NY | $500 | 2023 |
| Hive Of HopePROGRAM SUPPORT | Albany, NY | $500 | 2023 |