Union Savings Bank Foundation Inc

Organization Overview

Union Savings Bank Foundation Inc is located in Danbury, CT. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union Savings Bank Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Union Savings Bank Foundation Inc generated $871.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $467.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Union Savings Bank Foundation Inc has awarded 84 individual grants totaling $867,056. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $311,950
Interest on Savings $0
Dividends & Interest $164,212
Net Rental Income$0
Net Gain on Sale of Assets $395,291
Capital Gain Net Income $395,291
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $871,453

Grants Awarded

Over the last fiscal year, Union Savings Bank Foundation Inc has awarded $477,983 in support to 50 organizations.

Grant RecipientAmount

REGIONAL YMCA OF WESTERN CT

PURPOSE: EXEMPT PURPOSES

$58,500

ANN'S PLACE

PURPOSE: EXEMPT PURPOSES

$25,000

WOMEN'S BUSINESS DEVELOPMENT COUNCIL

Org PageRecipient Profile

Stamford, CT

PURPOSE: EXEMPT PURPOSES

$25,000

WCHN HOSPITAL LYME DISEASE CENTER

PURPOSE: EXEMPT PURPOSES

$23,750

BOYS & GIRLS CLUB OF RIDGEFIELD

Org PageRecipient Profile

Ridgefield, CT

PURPOSE: EXEMPT PURPOSES

$16,667

BOYS & GIRLS CLUB OF RIDGEFIELD

Org PageRecipient Profile

Ridgefield, CT

PURPOSE: EXEMPT PURPOSES

$16,666
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