American Savings Foundation Inc
Grantmaking foundation in New Britain, Connecticut · EIN 30-0308972
- Connecticut
- New Britain
- Philanthropy, Voluntarism and Grantmaking Foundations
- Philanthropy, Voluntarism and Grantmaking Foundations in Connecticut
- Grants itemized on the 990
- $3.4MTax year 2025
- Grants made
- 437Tax year 2025
- Total assets
- $110MLatest reported
- Latest IRS filing
- 2025Form 990 / 990-PF
Mission
THE AMERICAN SAVINGS FOUNDATION OPERATES A LARGE SCHOLARSHIP PROGRAM, WHICH IN 2023 DISTRIBUTED $759,611 IN SCHOLARSHIPS FOR 451 INDIVIDUAL STUDENTS. THE FOUNDATION STAFF DIRECTLY MANAGES THIS PROGRAM AND PROVIDES SIGNIFICANT OUTREACH, SUPPORT AND GUIDANCE TO SCHOLARSHIP APPLICANTS AND RECIPIENTS, SUCH AS ADVICE ON APPLYING FOR FINANCIAL AID AND OTHER AVAILABLE SCHOLARSHIPS. SINCE 2021, THE FOUNDATION HAS PARTNERED WITH A THIRD-PARTY PROVIDER, WHEELER, TO PROVIDE ACCESS TO MENTAL HEALTH RESOURCES FOR OUR SCHOLARS. THE FOUNDATION SUPPORTS A PAID SUMMER INTERNSHIP PROGRAM, PROVIDING GRANT FUNDING TO LOCAL NONPROFITS FOR CAREER-ORIENTED INTERNSHIPS, WHICH ARE OPEN TO RECIPIENTS OF THE FOUNDATION'S SCHOLARSHIP. TOTAL INTERNSHIP GRANTS IN 2023 WERE $95,046.
Giving by year
Totals by tax year, rounded to two significant figures. Years without a reported total show the sum of grants itemized on the filing.
Top recipients
| Recipient | Amount | Tax year |
|---|---|---|
| Friendship Service Center | $200K | 2025 |
| Human Resources Agency of New Britain | $180K | 2025 |
| City of New Britain | $150K | 2025 |
| Connecticut Junior Republic Association | $150K | 2025 |
| Pathwayssenderos Center | $150K | 2025 |
Amounts are rounded. The full grantee list (437 grants in 2025) is available with a free account.
Website: www.asfdn.org
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Source: IRS Form 990 and 990-PF filings, tax year 2025. Also see this organization on ProPublica Nonprofit Explorer.