AMERICAN SAVINGS FOUNDATION

Financial Information

Total Assets: $78,233,865

Total Giving: $3,390,393

Area of Service:

Connecticut

Areas of Interest:

Not Available

Programs

American Savings Foundation Scholars Program
Capital Grants
Grants to Individuals Program
Program Grants
Program-Related Investment
Program-Related Investment

Grants

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

Limitations

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.

Summary

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.

Additional

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.

Quick Facts Sheet
URL:

http://www.asfdn.org/

Located in:

New Britain,

Connecticut

United States

Contact Information / Process

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

Phone:(860)827-2556
Fax:(860)832-4582
[email protected]

Donors & Leadership

Donors:
American Savings Family of Joseph Hughes

Officers and Directors:
James Mcnair, Director
James O’rourke, Director
James Jones, Director

EIN:

300308972