Belmont Savings Bank Foundation
Accepts applications
Belmont Savings Bank Foundation is a private foundation in Belmont, Massachusetts. In tax year 2025 it gave $10,000 in 1 grant; the typical grant was $10,000 and the largest $10,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$10,000
- Number of grants1
- Typical grant$10,000
- Largest grant$10,000
- Assets$927,105
- New grantees0%
Giving in 2025 was down from $2.9 million the year before.
0% of its 2025 grantees had not received a grant from it the year before, so most of its money goes to organizations it already funds.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $190,972 | 4 | $3.7 million |
| 2024 | $2.9 million | 2 | $940,101 |
| 2025 | $10,000 | 1 | $927,105 |
How to apply
| Contact | Ellen Schreiber Program Director PO Box 407, Belmont, MA 02478 |
|---|---|
| Phone or email | (617) 290-6216, belmontsavingsbankfoundation@gmail.com |
| What to submit | Applications and complete instructions are available on the website: http://www.belmontsavingsfoundation.com/belmont-savings -bank-foundation-grants Applicants submitting proposals for funding should be prepared to provide the following materials with their applications: (i) an organizational summary; (ii) specific purpose for funding request; (iii) an explanation for the need of the project/service in the community; (iv) an overall budget for the proposal; (v) a copy of the applicant's most recently audited financial statements; (vi) an explanation for how the success of the proposal and use of funds is to be measured; (vii) applicant's grant activity and funding from other sources; and (viii) information on the applicant's Executive Director. |
| Deadlines | Grants are awarded quarterly: January 15th, April 15th, July 15th & October 15th |
| Restrictions | The role of the Belmont Savings Bank Foundation is to support not-for-profit groups, institutions, schools and other organizations as a way of adding to the quality of life for people living in the Belmont community. Awards are generally limited to the Belmont community. Grant recipients must demonstrate Section 501(c)(3) or 501(c)(1) status and relevance to the Foundation's mission. The Foundation does not provide financial support for political organizations or candidates, activities for religious purposes, contributions to individual endeavors or scholarships. |
Foundation website IRS filings on ProPublica
What Belmont Savings Bank Foundation funds
Where it gives
All of its grants went to recipients in Massachusetts.
| State | Grants | Amount |
|---|---|---|
| Massachusetts | 1 | $10,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Belmont Education Foundation | Outstanding teacher awards | $10,000 |
Officers and trustees
- Robert J Morrissey
- M Patricia Brusch
- Hal R Tovin
- S Warren Farrell
Questions people ask
Does Belmont Savings Bank Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: Grants are awarded quarterly: January 15th, April 15th, July 15th & October 15th.
How much does Belmont Savings Bank Foundation give?
$10,000 in tax year 2025, across 1 grant, with a typical grant of $10,000.
Who runs Belmont Savings Bank Foundation?
Its 2025 filing lists Robert J Morrissey (Chairman), M Patricia Brusch (Treasurer), Hal R Tovin (Secretary) and S Warren Farrell (Director).
What does Belmont Savings Bank Foundation fund?
Based on its grants, mainly education.