Private foundation (trust)EIN 300308972Est. 2005-05
AMERICAN SAVINGS FOUNDATION INC
NEW BRITAIN, CT 060512637
Accepts unsolicited proposalsTotal Assets
$98.1M
FY 2024
Annual Giving
$3.2M
FY 2024
Grants Made
637
FY 2024
Avg Grant
$5K
FY 2024
Grant Range
—
Typical
Deadlines
See general explanation attachment
Applications
Programs & Activities
Program 1
$269KThe american savings foundation operates a scholarship program, which in 2024 distributed $762,070 in scholarships for 467 individual students, including students attending 2- and 4-year colleges, and vocational/technical programs. Foundation staff directly manages this program and provides significant outreach, support and guidance to scholarship applicants and recipients. Because this is a renewable scholarship for up to five years of undergraduate support, staff remains engaged with asf scholars throughout their college years, providing support and guidance as needed. Since 2021, the foundation partnered with a third-party provider to provide access to mental health resources for our scholars. We also maintain ongoing engagement with alumni through events, social media, and opportunities to volunteer with the foundation's scholarship selection committee. In addition, staff manages a paid summer internship opportunities for asf scholars. Total internship grants in 2024 were $87,386.
Program 2
$52KAs part of the american savings foundation support for local after school programs in the city of new britain, ct, the foundation is deeply engaged with the field of afterschool, both city-wide and throughout the state. Foundation staff provides direct support to after-school program providers, in addition to support for shared training and collaborative meetings, in partnership with the consolidated school district of new britain. Foundation staff also facilitates access to a common platform for tracking program attendance. This system, transact, is used by all the after-school programs funded by the foundation. Foundation staff acts as an administrator on the platform and provides support to users to ensure accurate reporting and analysis of the data. In 2024, the foundation awarded $936,210 to youth programs that take place after school and other "out-of-school time" in the summer and on weekends.
Focus Areas
Financial Snapshot
2024 filing
Total Revenue
$5.2M
Total Expenses
$4.5M
Qualifying Distributions
$4.3M
Distributable Amount
$4.6M
Min. Investment Return
$4.7M
Undistributed Income
$3.3M
Payout rate
Qualifying distributions as a share of distributable amount.
Top Recipients
500 grants
Grant Size Distribution
500 grants
Geographic Focus
23 states
+13 more states
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