Private Foundation · MA · Private Grantmaking Foundations
Belmont Savings Bank Foundation
Belmont, MA · EIN 453029284 · Website ↗ · 990s on ProPublica ↗
Assets
$940K
Total Giving
$506K
Grants on File
20
Average Grant
$25K
Giving Radius
Where Belmont Savings Bank Foundation Has Given
Section I
How to Apply
Applications and complete instructions are available on the website: http://www.belmontsavingsfoundation.com/belmont-savings-bank-foundation-grants. Applicants submitting proposals for funding should be prepared to provide the following materials with their applications: - An organizational summary - Specific purpose for funding request - An explanation for the need of the project/service in the community - An overall budget for the proposal - A copy of the applicant's most recently audited financial statements - An explanation for how the success of the proposal and use of funds is to be measured - Applicant's grant activity and funding from other sources - Information on the applicant's Executive Director
On Unsolicited Proposals yes
Restrictions
The role of the Belmont Savings Bank Foundation is to support not-for-profit groups, institutions, schools, and other organizations as a way of adding to the quality of life for people living in the Belmont community. Awards are generally limited to the Belmont community. Grant recipients must demonstrate Section 501(c)(3) or 501(c)(1) status and relevance to the Foundation's mission. The Foundation does not provide financial support for political organizations or candidates, activities for religious purposes, contributions to individual endeavors, or scholarships.
Section IV
Recent Grants
| Recipient | Amount | Year |
|---|---|---|
| Belmont, MA | $100K | 2020 |
| Belmont, MA | $10K | 2020 |
| Belmont, MA | $12K | 2020 |
| Belmont, MA | $10K | 2020 |
| Belmont, MA | $3K | 2021 |
| Belmont, MA | $10K | 2021 |
| Belmont, MA | $10K | 2021 |
| Belmont, MA | $12K | 2021 |
| Lincoln, MA | $6K | 2021 |
| Belmont, MA | $6K | 2022 |
| Belmont, MA | $6K | 2022 |
| Lincoln, MA | $25K | 2022 |
| Belmont, MA | $3K | 2022 |
| Belmont, MA | $78K | 2022 |
| Belmont, MA | $10K | 2022 |
| Belmont, MA | $14K | 2022 |
| Belmont, MA | $150K | 2023 |
| Belmont, MA | $15K | 2023 |
| Belmont, MA | $10K | 2023 |
| Belmont, MA | $16K | 2023 |
20 grants total
Section V
Board of Directors
- Robert J Morrissey Chairman
- M Patricia Brusch Treasurer
- Hal R Tovin Secretary
- S Warren Farrell Director
- Robert J Morrissey Chairman
- M Patricia Brusch Treasurer
- Hal R Tovin Secretary
- S Warren Farrell Director
- Robert J Morrissey Chairman
- M Patricia Brusch Treasurer
- Hal R Tovin Secretary
- S Warren Farrell Director
- Robert J Morrissey Chairman
- M Patricia Brusch Treasurer
- Hal R Tovin Secretary
- S Warren Farrell Director
Section VI
Filing History
Year-by-year financial summary from IRS 990-PF filings. Total assets and qualifying distributions show the foundation's growth and giving trajectory.
| Year | Total Assets | Qualifying Distributions | Total Revenue | Total Expenses |
|---|---|---|---|---|
| 2023 | $3.7M | $164K | $5.4M | $297K |
| 2022 | $6.4M | $370K | $219K | $272K |
| 2021 | $6.7M | $309K | $262K | $135K |
| 2020 | $4.9M | $221K | $258K | $229K |
| 2019 | $6.3M | $292K | $192K | $256K |
| 2015 | $4.1M | $186K | — | $296K |
| 2014 | $3.4M | $156K | $8 | $323K |
| 2013 | $2.7M | $125K | $192 | $90K |
| 2012 | $2.3M | $114K | $860 | $76K |
Section VII
Foundations Like This One
Similar in focus area, location, and asset size. Worth researching as part of the same campaign.