Putnam Bank Foundation
- Assets
- $1.9m
- Revenue
- $29.5k
- Investments
- $1.8m
- Employees
- 0
- Location
- Putnam, CT
- Founding
- 04/2006
- Data as of
- 06/2022
- EIN
- 20-1716876
Organization Overview
Putnam Bank Foundation is located in Putnam, CT. The organization was established in 2006. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Putnam Bank Foundation 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 06/2022, Putnam Bank Foundation generated $29.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $66.4k during the year ending 06/2022. While expenses have increased by 4.9% per year over the past 6 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 2016, Putnam Bank Foundation has awarded 147 individual grants totaling $618,899. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas A Borner President | 0 | $0 | |
Richard A Loomis VP & Treasur | 0 | $0 | |
Paul M Kelly Director | 0 | $0 | |
Jitendra Sinha Director | 0 | $0 | |
Charles H Puffer Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,450 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $209 |
| Total operating and administrative expenses | $809 |
| Contributions, gifts, grants paid | $65,634 |
| Total expenses and disbursements | $66,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,611 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,867,676 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Putnam Bank Foundation has awarded $65,634 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
HALE YMCA YOUTH & FAMILY CENTER PURPOSE: YOUTH ACTIVITIES | $15,000 |
NORTHEAST PLACEMENT SERVICES PURPOSE: DONATION | $6,500 |
Danielson, CT PURPOSE: CONSERVATION ACTIVITIES | $6,000 |
PROJECT PIN FOOD PANTRY PURPOSE: DONATION | $5,000 |
Norwich, CT PURPOSE: 5TH INSTALLMENT OF 25,000 PLEDGE | $5,000 |
DAILY BREAD FOOD PANTRY PURPOSE: DONATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
Danoff Fam Private Charitable Foundation Tr Albany, NY | $116,755,274 | $33,799,667 |
Herbert Allen Foundation New York, NY | $9,223,512 | $1,023,254 |
Select Equity Group Foundation New York, NY | $25,414,802 | $25,600,265 |
Salem Foundation Providence, RI | $36,287,179 | $36,691,105 |
Mark And Anla Cheng Kingdon Fund New York, NY | $181,150,001 | $35,415,082 |
Arbella Insurance Foundation Inc Boston, MA | $24,058,916 | $7,386,813 |
John And Patricia Klingenstein Fund New York, NY | $121,264,191 | $78,254,052 |
Moodys Foundation New York, NY | $23,503,838 | $16,004,922 |