Foundation Profile

The Foundation was established by the American Savings Bank in 1995 to give back to the communities it served for over 140 years.  In 2003, the American Savings Foundation became a fully independent private foundation. The Foundation is committed to remaining headquartered in New Britain, keeping the American Savings Foundation name, and continuing to invest in the people and organizations that make our communities strong.

Contributions

At A Glance

Founded

1995 by American Savings Bank, New Britain, CT

Type of Foundation

Independent private foundation since 2003

Chair of the Board of Directors

Charles J. Boulier III

President & CEO

Maria A. Falvo

Endowment Assets

$87.3 million as of year-end 2017

Asset History ($)

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Contributions

$3.4 million in 2017; $54.5 million since 1995

Contributions History ($)

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Scholarships and Grants

Robert T. Kenney Scholarship Program

$782,206 in college scholarships to 386 Robert T. Kenney Scholars in 2017
$11 million to 2,229 students since 1995

Grants Awarded

$2.4 million awarded in 2017
$43.3 million since 1995

Types of Grants

We support education, human services, and arts & culture through our Program Grants, After School Grants, Community Grants and Capital Grants.

Areas Served

With a core focus in New Britain and Waterbury, American Savings Foundation serves a total of 64 towns throughout Connecticut.

Questions?

Whether you have a question about obtaining a grant, applying for a scholarship or getting involved, the team at American Savings Foundation is here to help.

Contact Us FREQUENTLY ASKED QUESTIONS