In the News

December 2022 Letter from the Chairman and President CEO

December 28, 2022

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Throughout the past year, the American Savings Foundation conducted a strategic planning process. We listened to a broad cross-section of nonprofit leaders, parents, and community members, through roundtable discussions, surveys, interviews, and conversations. Thank you to everyone who participated in these conversations to help inform the Foundation’s new five-year strategic plan.

Overwhelmingly, we heard that the community believes in the mission of the American Savings Foundation. You value the impact the Foundation is making in the lives of our neighbors. As a broad-based funder, the American Savings Foundation is uniquely positioned to address interconnected issues that span across our funding areas of Education, Human Services, and the Arts. Many community members we spoke to also noted areas of need that have been exacerbated by the dual crises of Covid and inflation. These include mental health services, food and energy assistance, career training, building economic self-sufficiency, and bringing arts enrichment into schools and community. Over the next five years, we will leverage our role as a broad-based funder to address these intersecting needs in the 64 Connecticut towns we serve, especially as they impact children, youth, and families.

We also heard that the community values our ongoing investment in our two signature areas of focus -- grants to after school programs and college scholarships. As we launch our new five-year strategic plan, we see a unique opportunity to leverage the strength of these two areas of focus, to make an even greater impact throughout the communities we serve. Throughout our community conversations, we heard a recurring theme that young adults need more support to chart a path to the future of their dreams, and then to earn the degree, certification, or training necessary to achieve that dream. During 2023, we will research and develop enhanced strategies to amplify our support for college and career readiness for youth, especially in our core funding areas of New Britain and Waterbury.

In after school programs, this will include continued, targeted investment in the continuum of youth programs, including after school, job readiness, and summer youth employment.

In college scholarships, we will streamline the application process and research and develop an application pathway to better meet the needs of students pursuing certificate or technical training.

We know that needs in the community will continue to evolve, and we will work hard to adapt to meet those needs. At the same time, we will continue to invest in the people and organizations who make our community strong.

That is our lasting commitment.

Charles J. Boulier III                         Maria Falvo
Chairman of the Board                   President & CEO