Cambridge Savings Charitable

Boston, MA 02109 EIN 481307731

https://n/a
$1.3M Total Assets (2024)
$1.9M Total Giving (2024)
563 Grants on File (2019–2024)
$1.9M Avg Grant Size

About

THE CAMBRIDGE SAVINGS CHARITABLE FOUNDATION IS COMMITTED TO DONATING 6% OF CAMBRIDGE SAVINGS BANK'S PRIOR YEAR EARNINGS TO THE COMMUNITIES THEY SERVE. IN 2022, THE BANK EXPERIENCED HIGHER PROFITABILITY THAN IN PREVIOUS YEARS AND GIFTED THE CHARITY ASSETS AT THE END OF CALENDAR YEAR 2022 TO FULLY FUND THE COMMITMENT FOR DONATIONS THROUGHOUT 2023. IN 2023, THE FOUNDATION FOCUSED ON CHARITIES AND NON-PROFITS IN THE IN THE GREATER BOSTON AREA AND CAME THROUGH ON ITS PROMISE OF 6% OF EARNINGS BACK TO THE COMMUNITY. IN 2023, PROFITS WERE LOWER AND THUS THE FOUNDATION ASSETS HAVE NOT BEEN REPLENISHED TO THE LEVELS SEEN IN THE PREVIOUS YEAR. THIS IS NOT INTENDED TO BE A LIQUIDATION, SO NO CERTIFIED COPY OF LIQUIDATION PLAN IS ATTACHED. THE CASH IN THE FORM OF CHECKS WERE DISTRIBUTED TO PUBLIC CHARITITES.

Focus Areas

[ " E d u c a t i o n " ]

Application Information

Accepts Unsolicited Proposals No — Preselected Only
Contact Person TUFTS UNIVERSITY FBO MICHELLE LI
Phone 6178647000

Financial Trends

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2019 $66K $2.7M $2.1M 26
2020 $73K $1.7M $1.4M 29
2021 $68K $4.0M $3.8M 27
2022 $2.6M $5.5M $4.0M 243
2023 $2.8M $1.6M $-657K 237
2024 N/A $1.3M $1.5M N/A

Grant Size Distribution

Based on 563 grants on record

Minimum
$50
25th Pctl
$2K
Median
$2K
Average
$13K
75th Pctl
$10K
Maximum
$1.9M

Geographic Distribution

US Grant Distribution Map

Key Personnel

NameTitleCompensation
ANNE ADAMS CUSHMAN DIRECTOR $10K
ROBERT M WILSON DIRECTOR $10K
ROBERT RAMSEY DIRECTOR $10K
ROBERT P REARDON DIRECTOR $10K
CHARLES O LYONS DIRECTOR $8K
CHARLIE LYONS DIRECTOR $7K
CHARLES O LYONS PASSED AWAY DIRECTOR $6K
PETER F FOLAN DIRECTOR (AS OF 9/25/2024) $4K
Daniel J Carey TREASURER —
STEPHEN J COUKOS CLERK —
RYAN A BAILEY PRESIDENT/DIRECTOR/CHAIRMAN —
JERI FOUTTER VP/ASSISTANT CLERK —
DANIEL CAREY SVP/CONTROLLER —
WAYNE F PATENAUDE PRESIDENT/CEO/CHAIRMAN —
MICHAEL GILLES EVP/COO/CFO/TREASURER/ASST. CLERK —
DANA PHILBROOK SVP/CONTROLLER —
SUSAN LAPIERRE SVP/ASSISTANT CLERK —

Grants Awarded (563 total)

RecipientLocationAmountPurposeYear
Grants & Contributions Paid Cambridge, MA $1,920,493 Exempt Purpose 2024
MOUNT AUBURN HOSPITAL CAMBRIDGE, MA $150,000 EXEMPT PURPOSE 2022
TECH GOES HOME INC BOSTON, MA $150,000 EXEMPT PURPOSE 2023
JUST-A-START CORPORATION CAMBRIDGE, MA $150,000 EXEPMT PRUPOSE 2022
JUST-A-START CORPORATION CAMBRIDGE, MA $150,000 EXEMPT PURPOSE 2023
MOUNT AUBURN HOSPITAL CAMBRIDGE, MA $105,200 EXEPMT PRUPOSE 2022
BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECH BOSTON, MA $100,700 EXEMPT PURPOSE 2023
TECH GOES HOME INC BOSTON, MA $100,000 EXEPMT PRUPOSE 2022
SUSTAINABLE BUSINESS NETWORK OF MASSACHUSETTS CAMBRIDGE, MA $100,000 EXEMPT PURPOSE 2023
JUST-A-START CORPORATION CAMBRIDGE, MA $100,000 EXEMPT PURPOSE 2022
MOUNT AUBURN HOSPITAL CAMBRIDGE, MA $81,480 EXEMPT PURPOSE 2023
MOUNT AUBURN HOSPITAL CAMBRIDGE, MA $75,000 EXEMPT PURPOSE 2023
SOMERVILLE HOMELESS COALITION INC SOMERVILLE, MA $70,000 EXEMPT PURPOSE 2023
CAMBRIDGE HEALTH ALLIANCE FOUNDATION MALDEN, MA $60,500 EXEMPT PURPOSE 2023
CAMBRIDGE HEALTH ALLIANCE FOUNDATION CAMBRIDGE, MA $60,000 EXEPMT PRUPOSE 2022
HOUSING CORPORATION OF ARLINGTON ARLINGTON, MA $55,000 EXEMPT PURPOSE 2023
URBAN EDGE HOUSING CORPORATION ROXBURY, MA $50,200 EXEMPT PURPOSE 2023
URBAN EDGE HOUSING CORPORATION ROXBURY, MA $50,000 EXEPMT PRUPOSE 2022
THE NEIGHBORHOOD DEVELOPERS CHELSEA, MA $50,000 EXEPMT PRUPOSE 2022
NEIGHBORHOOD OF AFFORDABLE HOUSING EAST BOSTON, MA $50,000 EXEMPT PURPOSE 2023
SOMERVILLE COMMUNITY CORPORATION SOMERVILLE, MA $50,000 EXEMPT PURPOSE 2023
ACTION FOR BOSTON COMMUNITY DEVELOPMENT INC BOSTON, MA $50,000 EXEMPT PURPOSE 2023
ALLSTON BRIGHTON CDC BOSTON, MA $50,000 EXEMPT PURPOSE 2023
WATCH COMMUNITY DEVELOPMENT CORPORATION WALTHAM, MA $50,000 EXEPMT PRUPOSE 2022
ALLSTON BRIGHTON CDC BOSTON, MA $50,000 EXEPMT PRUPOSE 2022