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Grants to Massachusetts Nonprofits to Meet the Needs of Residents in Eligible Locations

The Savings Bank Charitable Foundation Grant


GrantWatch ID#

Funding Source
The Savings Bank Charitable Foundation
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Geographic Focus
USA: Massachusetts: Wakefield, Lynnfield, Andover, Methuen, and North Reading areas

Important Dates
Deadline: 01/31/24 Receipt Save

Grant Description
Grants of up to $5,000 to Massachusetts nonprofit organizations to meet the needs of residents in eligible communities. Funding is intended for initiatives that benefit homeless individuals, poverty-stricken populations, senior citizens, and families in need. Grants may be used for program expansion, evaluation, renovations, new construction, capital funding, and more. Eligible proposals benefit the residents of Wakefield, Lynnfield, Andover, Methuen, North Reading, and surrounding cities and towns.


Additional Eligibility Criteria
To apply for a grant from The Savings Bank Charitable Foundation, Inc., your organization must meet the following criteria:
- Must be a Massachusetts charitable corporation
- The Directors of the Foundation will focus their giving to organizations serving the residents of the Wakefield, Lynnfield, Andover, Methuen, and North Reading areas
- Must be determined to be tax-exempt under Section 501(c)(3) of the Internal Revenue Code
- Must have received a permanent or advance IRS Determination letter that describes the grantee as a publicly supported charity as defined in Sections 170(b)(1)(A)(6) or (A)(2).

Grants will be made to a 501(c)(3) organization for the benefit of another organization awaiting its own tax-exempt status.

- No grants will be awarded to individuals or for the purposes of offsetting compensation and benefit expenses.
- The Directors of the Foundation will not consider a proposal from an organization previously funded until a full report of the expenditures of the previous grant has been submitted, nor will they consider more than one application from an agency in the same calendar year, except for summer youth programs.
- No grants will be made to national organizations or “annual giving campaigns”
- No grants will be made to state or federal agencies.

Pre-Application Information
The Application period for the TSB Charitable Foundation is from October 1st through January 31st.

The Foundation will present the awards to the recipients in early April.

Estimated Size of Grant
The minimum request should be $1,000. The Foundation generally does not award more than $5,000 to a single organization.

Contact Information
Submit applications to

The Savings Bank Charitable Foundation, Inc.
357 Main Street
PO Box 30
Wakefield, MA 01880
(781) 224-5428

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