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American Savings Foundation

Profile

Last profile update: 08/29/2017
Last grant data update: 09/23/2017

At A Glance

American Savings Foundation

(formerly American Savings Foundation of Connecticut, Inc.)

185 Main St.

New Britain, CT United States 06051-2296

Telephone: (860) 827-2556

URL: www.asfdn.org

Type of Grantmaker

Independent foundation

EIN

300308972

BRIDGE Number

6368728516

Background

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.

Purpose and Activities

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.