Comprehensive foundation profile based on the most recent IRS Form 990 filing
The Ives Bank Foundation Inc, formerly known as Savings, is based in Danbury, Connecticut. It operates with assets totaling $3,043,097 and reported expenses of $297,940 against a revenue of $289,671. The foundation focuses on funding initiatives in various areas including arts and culture, education, health, community and economic development, housing development, and human services. It supports projects primarily in Connecticut, with some funding extended to South Carolina. The foundation has a broad reach, funding cities such as Danbury, Hartford, New Haven, and Stamford, among others. The board comprises several directors, including Martin Morgado as Chairman and Director, and Stacy Singer as Community Development Officer and Director. All board members work on a voluntary basis without compensation. The foundation's website is www.sbdanbury.com/sbd foundation.
Focus Areas
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Financials
+2.6% from previous year
107 grants awarded in 2024
Of total revenue spent on programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $17,500 | LATINO SCHOLARSHIP FUND INC | EXEMPT PURPOSES | Danbury, CT, US | 2024 |
| $10,500 | THE SALVATION ARMY | EXEMPT PURPOSES | Danbury, CT, US | 2022 |
| $7,500 | REGIONAL HOSPICE AND HOME CARE OF WESTERN CONNECTICUT INC | EXEMPT PURPOSES | Danbury, CT, US | 2024 |
| $7,000 | JERICHO PARTNERSHIP INC | EXEMPT PURPOSES | Danbury, CT, US | 2022 |
| $6,500 | THE SALVATION ARMY | EXEMPT PURPOSES | Danbury, CT, US | 2023 |
| $6,500 | THE SALVATION ARMY - DANBURY | EXEMPT PURPOSES | Danbury, CT, US | 2024 |
| $5,500 | GREATER WATERBURY INTERFAITH MINISTRIES INC | EXEMPT PURPOSES | Waterbury, CT, US | 2023 |
| $5,000 | ANN'S PLACE INC | EXEMPT PURPOSES | Danbury, CT, US | 2022 |
| $5,000 | CHRISTIAN COUNSELING CENTER OF GREATER DANBURY INC | EXEMPT PURPOSES | Brookfield, CT, US | 2022 |
| $5,000 | DAILY BREAD AN ECUMENICAL FOOD PANTRY INC | EXEMPT PURPOSES | Danbury, CT, US | 2022 |
People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
MM
MARTIN MORGADO
| CHAIRMAN/DIRECTOR | $0 | 2024 |
TJ
TIMOTHY JOHNSTON
| TREASURER/DIRECTOR | $0 | 2024 |
HC
HAROLD C WIBLING
| DIRECTOR | $0 | 2024 |
DD
DONALD D MITCHELL
| DIRECTOR | $0 | 2024 |
JR
JUNE RENZULLI
| DIRECTOR | $0 | 2024 |
MARTIN MORGADO
CHAIRMAN/DIRECTOR
TIMOTHY JOHNSTON
TREASURER/DIRECTOR
HAROLD C WIBLING
DIRECTOR
DONALD D MITCHELL
DIRECTOR
JUNE RENZULLI
DIRECTOR
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025