Colonial Federal Savings Bank Charitable Foundation
Accepts applications
Colonial Federal Savings Bank Charitable Foundation is a private foundation in Peabody, Massachusetts. In tax year 2025 it gave $923,601 in 36 grants; the typical grant was $2,000 and the largest $105,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$923,601
- Number of grants36
- Typical grant$2,000
- Largest grant$105,000
- Assets$996,260
- New grantees100%
Giving in 2025 was up from $57,101 the year before.
100% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $56,600 | 41 | $1.1 million |
| 2024 | $57,101 | 1 | $946,885 |
| 2025 | $923,601 | 36 | $996,260 |
How to apply
| Contact | Michael Wheeler 248 Andover Street, Peabody, MA 01960 |
|---|---|
| Phone or email | (978) 532-4200 |
| What to submit | Applications available at above address |
| Deadlines | See applications for various deadlines |
| Restrictions | 501(c)(3) public charities located in the greater quincy area or that contribute to the communities located in the greater quincy area and to the welfare of the people and institutions of these communities |
What Colonial Federal Savings Bank Charitable Foundation funds
Where it gives
Its grants went to recipients in 5 states, the most to Massachusetts.
| State | Grants | Amount |
|---|---|---|
| Massachusetts | 32 | $814,851 |
| Virginia | 1 | $102,500 |
| New York | 1 | $5,500 |
| New Jersey | 1 | $500 |
| Georgia | 1 | $250 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Quincy Community Action Programs | Exempt purpose | $105,000 |
| Neighborworks Housing Solutions | Exempt purpose | $102,500 |
| The Salvation Army | Exempt purpose | $102,500 |
| Adams Presidential Center | Exempt purpose | $100,000 |
| Germantown Neighborhood Food Pantry | Exempt purpose | $100,000 |
| Holbrook Food Pantry | Exempt purpose | $100,000 |
| Interfaith Social Services | Exempt purpose | $100,000 |
| Weymouth Food Pantry | Exempt purpose | $100,000 |
| Quincy Rotary Foundation | Exempt purpose | $27,500 |
| The Boston Globe Foundation | Exempt purpose | $12,500 |
| Quincy Police Dare Program | Exempt purpose | $11,000 |
| The Angel Fund for ALS Research | Exempt purpose | $11,000 |
| The Katie Crowell Foundation | Exempt purpose | $11,000 |
| Manet Community Health Center | Exempt purpose | $10,000 |
| Quincy School Community Partnersh | Exempt purpose | $10,000 |
| National Ms Society | Exempt purpose | $5,500 |
| Quincy Department of Elder Servic | Exempt purpose | $5,000 |
| Quincy City Club | Exempt purpose | $2,500 |
| Holbrook Middle-High School | Exempt purpose | $1,500 |
| BCNC | Exempt purpose | $1,000 |
| Holbrook Public Library Fund | Exempt purpose | $1,000 |
| Bizarbots Robotics | Exempt purpose | $501 |
| Holbrook Little League | Exempt purpose | $500 |
| Quincy Lions Club Charities | Exempt purpose | $500 |
| Quincy Youth Baseball & Softball | Exempt purpose | $500 |
| Weymouth Cal Ripken Baseball | Exempt purpose | $275 |
| Nohs Senior Stay Out Committee | Exempt purpose | $250 |
| Quincy High School Pac | Exempt purpose | $250 |
| Quincy Historical Society | Exempt purpose | $250 |
| Weymouth Little League | Exempt purpose | $250 |
| Wollaston Elementary School | Exempt purpose | $200 |
| Quincy High School Drama Club | Exempt purpose | $150 |
| Quincy Youth Hockey Association | Exempt purpose | $150 |
| Lost Coin Women's Fund | Exempt purpose | $125 |
| BMMS Drama Club | Exempt purpose | $100 |
| Morrisette Baseball | Exempt purpose | $100 |
Officers and trustees
- Susan Shea
- Michael McFarland
- Joseph Shadduck
Questions people ask
Does Colonial Federal Savings Bank Charitable Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: See applications for various deadlines.
How much does Colonial Federal Savings Bank Charitable Foundation give?
$923,601 in tax year 2025, across 36 grants, with a typical grant of $2,000.
Who runs Colonial Federal Savings Bank Charitable Foundation?
Its 2025 filing lists Susan Shea (Treasurer/Director), Michael McFarland (President/Director) and Joseph Shadduck (Secretary/Director).
What does Colonial Federal Savings Bank Charitable Foundation fund?
Based on its grants, mainly food and hunger, human services and community development.