Total Assets: $78,233,865
Total Giving: $3,390,393
American Savings Foundation Scholars Program
Grants to Individuals Program
Grants in 2016:
Childrens Law Center of Connecticut, $75,000
Connecticut Pre-Engineering Program, $35,000
Community Foundation of Greater New Britain, $50,000
Young Womens Christian Association New Britain, $65,000
Shakesperience Productions, $32,000
Operation Fuel, $50,000
Waterbury Symphony, $15,000
Friendship Service Center of New Britain, Inc., $125,000
Mattatuck Historical Society, $45,000
Giving only within 64-town service area in CT.
No support for religious institutions unless the program benefits the community at large or for political advocacy or lobbying, environmental issues, primary or secondary schools–public, private, independent or parochial, or colleges and universities.
No support for endowments, annual campaigns, and general and operating support.
The foundation is dedicated to strengthening the community by supporting education, human services, and the arts, with a special emphasis on the needs of children, youth, and families, through grants to community organizations and college scholarships.
Type of Grantmaker: Independent foundation
Established in 1995 in CT – In 1995, America Saving Foundation was established by the board of directors of American Savings to give back to the towns and communities served by the bank for 140 years. In 1999, the bank converted to a publicly held corporation and contributed approximately $2 million of the newly created stock to the foundation. In 2003, American Savings Bank was sold and the foundation become a fully independent private foundation. Since its formation, American Savings Foundation has awarded over $26 million in total grants and scholarships to the community.
Initial Approach: Proposals for Program Grants, Letter of Intent for Capital Grants, visit web site for scholarships.
185 Main St.
New Britain, CT 06051-2296
American Savings Family of Joseph Hughes
Officers and Directors:
James Mcnair, Director
James O’rourke, Director
James Jones, Director