SBM CHARITABLE FOUNDATION INC

Supporting OrganizationIRS data 2022–2024

MANCHESTER, CTEIN 061574365 Website

Annual Giving

$1.5M-9% YoY

Grants

Median Grant

$8K

Organizations Funded

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Foundation Overview

Mission

The SBM Charitable Foundation, Inc., perpetuating the vision of the former Savings Bank of Manchester, is committed to bettering the lives of those who live and work predominantly East of the River in Hartford, Tolland, and Windham Counties

Focus Areas

scholarshipshigher educationyouth development and campscommunity development and neighborhood revitalizationhome repair and affordable housing (rebuilding together)food security and food pantrieshealth care and community health centersdomestic violence and family shelters

Grant Types

scholarshipsgeneral operating supportprogram support

Funded Initiatives

Awarded 117 college scholarships totaling $225,500 in June 2022; contributed $1,615,549 in grants during 2023; grants range from about $500 to $90,000; supports Access Community Action Agency, Achieve Hartford Inc., AHM Youth Service Inc., American Red Cross CT Chapter; funding priorities in Health, Human Services, Education, Housing, and the Arts

How to Apply

Online pre-applications for organizations that have not received funding within past 2 years; formal Request for Grant application for organizations that received funding in past 2 years; grants awarded quarterly with deadlines in early January, April, June and September; full proposals accepted by invitation

Does Not Fund

Geographic restriction - grantmaking limited to organizations located in or serving residents of Hartford, Tolland and Windham Counties in Connecticut

Based on publicly available information from the foundation's 990 filings and website.

Giving History

2024-9%

$1.5M

Grants

Median

$8K

States

2023-8%

$1.6M

Grants

Median

$5K

States

2022

$1.8M

Grants

102

Median

$5K

States

Grant Size Distribution

$8K

Typical Grant (Median)

$500

Smallest

$3K

25th Pctile

$24K

75th Pctile

$105K

Largest

Excludes grants ≤ $5K. Half fall between $3K and $24K.

Largest Recent Grants

$105K

2024

UNIVERSITY OF CONNECTICUT

CT · SCHOLARSHIP

$95K

2024

REBUILDING TOGETHER - MANCHESTER

CT · SUPPORT

$85K

2024

MALTA HOUSE OF CARE FOUNDATION

CT · SUPPORT

$73K

2024

CONNECTICUT SCIENCE CENTER

CT · SUPPORT

$63K

2024

UNIVERSITY OF CONNECTICUT

CT · SUPPORT

Geographic Focus

$1.5M80 grants

$4K1 grants

$3K1 grants

Top states by total grant dollars. Based on IRS filing data.

Financial Overview

YearTotal AssetsGrants Paid

2024

$38.0M

$1.5M(3.9%)

2023

$35.5M

$1.6M(4.5%)

2022

$32.2M

$1.8M(5.4%)

Grants paid shown as percentage of total assets

Network Intelligence

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Data sourced from IRS 990 and 990-PF filings and publicly available foundation websites. Grant data, financial figures, and organizational details reflect historical filings and may not represent current operations or funding priorities. Verify directly with the foundation before applying. See an issue? Let us know.