Dime Bank Foundation Inc

Organization Overview

Dime Bank Foundation Inc is located in Norwich, CT. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dime Bank Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Dime Bank Foundation Inc generated $310.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $245.5k during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Dime Bank Foundation Inc has awarded 269 individual grants totaling $892,730. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,450
Interest on Savings $3
Dividends & Interest $114,212
Net Rental Income$0
Net Gain on Sale of Assets $194,460
Capital Gain Net Income $194,460
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $310,125

Grants Awarded

Over the last fiscal year, Dime Bank Foundation Inc has awarded $239,769 in support to 58 organizations.

Grant RecipientAmount

NEW LONDON COMMUNITY MEAL CENTER

Org PageRecipient Profile

New London, CT

PURPOSE: EXEMPT PURPOSE

$10,000

OPERATION WARM

PURPOSE: EXEMPT PURPOSE

$9,000

FURNITURE BANK OF SE CT

PURPOSE: EXEMPT PURPOSE

$8,000

NEW LONDON AREA FOOD COALITION

Org PageRecipient Profile

New London, CT

PURPOSE: EXEMPT PURPOSE

$7,500

Hartford, CT

PURPOSE: EXEMPT PURPOSE

$7,500

CATHOLIC CHARITIES

PURPOSE: EXEMPT PURPOSE

$7,500
View Grant Profile

Peer Organizations

Organization NameAssets
Alfred P Sloan Foundation
New York, NY
$192,527,982
Massachusetts Higher Education Assistance Corporation
Boston, MA
$124,087,298
Mastercard Impact Fund
Purchase, NY
$96,050,288
Arcus Foundation
New York, NY
$35,703,685
Edward P Evans
Andover, MA
$13,916,833
The Childrens Scholarship Fund
New York, NY
$24,710,520
Math For America Inc
New York, NY
$20,036,646
Ja Worldwide Inc
Boston, MA
$21,801,943
The Posse Foundation Inc
New York, NY
$44,739,225
Inner-City Scholarship Fund Inc
New York, NY
$24,751,034
Joan And Irwin Jacobs Technion-Cornell Innovation Instit
New York, NY
$18,316,542
Tikvah Fund
New York, NY
$6,270,985

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