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The Troy Savings Bank Charitable Foundation, Inc.

Profile

Last Updated: 2016-07-28

At A Glance

The Troy Savings Bank Charitable Foundation, Inc.

32 2nd St., P.O. Box 598

Troy, NY United States 12181-0598

Telephone: (518) 720-0004

URL: www.tsbfoundation.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $15,668,684

Total giving: $677,066

EIN

141813865

BRIDGE Number

0101419688

Additional Contact Information

E-mail for Leslie A. Cheu, Exec. Dir.: lcheu@tsbfoundation.org

Background

Established in 1998 in NY as a company-sponsored foundation; status changed to independent foundation in 2004 - The Troy Savings Bank Charitable Foundation was established by The Troy Savings Bank at the time of its conversion to a public corporation. Following the acquisition of the Bank by First Niagara in 2004, the Foundation survived as an independent private foundation that focuses its grant making in eight counties of the greater Capital Region of New York State.

Purpose and Activities

The foundation supports organizations involved with arts and culture, community development, and youth development.

Fields of Interest

Subjects
  • Arts and culture
  • Housing development
  • Human services
Population Groups
  • Academics
  • Adolescents
  • Children and youth
  • Economically disadvantaged people
  • Homeless people
  • Low-income and poor people

Financial Data

Year ended 2014-12-31

Assets: $15,668,684 (market value)

Expenditures: $1,000,454

Total giving: $677,066

Qualifying distributions: $857,870