About American Savings Foundation
A permanent charitable endowment dedicated to strengthening communities in Connecticut by supporting education, human services, and arts & culture, with a special emphasis on the needs of children, youth, and families through grants to nonprofit organizations and college/career scholarships.
Focus Areas
EducationHuman ServicesArts & CultureAfter-school programsScholarships and youth workforce development
Who They Fund
youth and teens (middle-school and high-school youth)low-income individuals and families in New Britainpeople experiencing homelessness or housing instabilitysurvivors (victims of abuse/trauma receiving survivor care)residents facing utility/energy insecurity
About American Savings Foundation
A defining thread in American Savings Foundation Inc’s recent giving is long-running support for New Britain youth, education, and family stability, often through repeat awards to the same local organizations across multiple years. The foundation’s program grants and capital grants both show up in that pattern: one year it backed Pathwayssenderos Center’s summer youth employment work, and over several cycles it supported the City of New Britain’s Exercise the Right Choice program. Those grants sit alongside recurring support for human services, after-school programming, and community facilities. The foundation also uses capital grants to address facility and equipment needs tied to service delivery. Recent examples include support for Human Resources Agency of New Britain Inc’s food and resource center relocation, Prudence Crandall Center Inc’s HVAC and security system upgrades, and Ccarc Inc’s facility upgrade after a purchase. Its scholarship program adds another lane, with need-based awards for students in Connecticut and beyond, including renewable support for college, technical, and vocational study. Across these strands, the foundation funds nonprofits, community institutions, and students, with children, youth, and families consistently central to its work.
What American Savings Foundation Funds
Education appears in both program grants and scholarships. American Savings Foundation Inc gave $75,000 to Opportunities Industrialization Center of New Britain for Moving Mountains-Sullivan Academy 2024-25, and its scholarship program supports students attending community colleges, four-year institutions, and technical or vocational programs. Youth development and summer employment are another clear line of support. The foundation awarded $141,100 to Pathwayssenderos Center for the 2024 Summer Youth Employment Program and $70,000 to Boys & Girls Club of New Britain for G.A.A.S. 2024-2025. Human services and housing stability also receive attention. It gave $80,000 to Friendship Service Center for Hope Connection Center 2024-25 and $70,000 to Children’s Law Center of Connecticut for Legal Representation Program 2024. Food access is reflected in $60,000 to Connecticut Foodshare for New Britain food distribution 2023-2024.
How American Savings Foundation Gives
Typical grants cluster at modest-to-midrange levels: p25 is $1,000, median is $1,875, and p75 is $3,000. The recent-grants list also shows larger program and capital awards, but the overall distribution suggests many smaller community awards alongside a narrower set of bigger commitments. Repeated awards to the same organizations across 2022–2025 point to recurring support rather than one-off giving in several program areas. American Savings Foundation Inc is a regular funder, not a donor-advised fund, and it accepts unsolicited applications through multiple active grant programs, including Community Grants, Capital Grants, After School Grants, and Program Grants.
Financial Snapshot
Annual Giving
$3.4M
Total Assets
$107M
Total Revenue
$5.5M
Total Expenses
$4.9M
Typical Grant Size
Most grants fall between $1K and $3K, with a median of $2K.
25th Percentile
$1K
Median
$2K
75th Percentile
$3K
Geographic Reach
Local27 states funded
Funding intensity
LowHigh
Headquarters
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