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IVES BANK FOUNDATION INC FKA SAVINGS

DANBURY, CT 113709335 WWW. SBDANBURY.COM/SBD FOUNDATION

The Ives Bank Foundation Inc, based in Danbury, CT, supports arts, education, health, and community development projects primarily in Connecticut, with assets of over $3 million and a volunteer board.

Overview

About IVES BANK FOUNDATION INC FKA SAVINGS

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

Arts and cultureEducationHealthCommunity and economic developmentEconomic developmentHousing developmentHuman services- Less

Geographic focus

CTSC
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Average Grant Size

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Sample Match Score

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Match Score measures the compatibility between your organization and this funder based on focus areas alignment (92%), geographic location preferences (85%), previous grantees similarity (88%), grant size match (78%), application process compatibility (73%), and timeline compatibility (80%).

87%
Excellent compatibility match
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Key statistics
Total Assets $3.0M
Total Awarded This Year $293K
Average Grant Size $3K
Total Grants (Previous Year) 21,611
Open to New Applicants
false
% New Applicants Funded
0%
Contact information
Geographic Funding Distribution

Financials

Total assets
$3,043,097

in 2024, compared to $3,051,366 in 2023

Annual grants
$293,000

107 grants awarded in 2024

Program expenses
85%

Of total expenses go to programs

Annual grant distribution
Revenue vs expenses
Assets over time

Grants

Grant awards
PurposeLocation
$17,500LATINO SCHOLARSHIP FUND INCEXEMPT PURPOSESPO BOX 3355 DANBURY, CT US2024
$10,500THE SALVATION ARMYEXEMPT PURPOSES15 FOSTER ST DANBURY, CT US2022
$7,500REGIONAL HOSPICE AND HOME CARE OF WESTERN CONNECTICUT INCEXEMPT PURPOSES30 MILESTONE ROAD DANBURY, CT US2024
$7,000JERICHO PARTNERSHIP INCEXEMPT PURPOSES13 ROSE ST DANBURY, CT US2022
$6,500THE SALVATION ARMYEXEMPT PURPOSES15 FOSTER ST DANBURY, CT US2023
$6,500THE SALVATION ARMY - DANBURYEXEMPT PURPOSES15 FOSTER ST DANBURY, CT US2024
$5,500GREATER WATERBURY INTERFAITH MINISTRIES INCEXEMPT PURPOSES770 EAST MAIN ST WATERBURY, CT US2023
$5,000ANN'S PLACE INCEXEMPT PURPOSES80 SAW MILL RD DANBURY, CT US2022
$5,000CHRISTIAN COUNSELING CENTER OF GREATER DANBURY INCEXEMPT PURPOSES2 OLD NEW MILFORD ROAD SUITE 2A BROOKFIELD, CT US2022
$5,000DAILY BREAD AN ECUMENICAL FOOD PANTRY INCEXEMPT PURPOSES25 WEST STREET DANBURY, CT US2022
292 row(s) total.

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People

Leadership & staff

Compensation data from most recent available 990 forms

Title
MARTIN MORGADOCHAIRMAN/DIRECTOR$02022
DAVID H WOESSNERTREASURER & SECRETARY/DIRECTOR$02022
HAROLD C WIBLINGDIRECTOR$02022
DONALD D MITCHELLDIRECTOR$02022
JUNE RENZULLIDIRECTOR$02022
BETHANN FETZERCOMMUNITY DEVELOPMENT OFFICER/DIRECTOR$02022
GARY W HAWLEYDIRECTOR$02022
DIANNE YAMINDIRECTOR$02022
BETTY HENSALDIRECTOR$02022
EDWARD RONANDIRECTOR$02022
31 row(s) total.

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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer

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Last updated on August 25, 2025