2025-05-12T09:30:17-05:00 2024-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990PF 2024-01-01 453029284 Belmont Savings Bank Foundation BELM 6172906216 PO Box 407 Belmont MA 02478 Hal R Tovin Secretary 6172906216 2025-05-05 1 0 Connor Smart P02285543 2078792100 2025-05-05 2024 2025-03-06 01:10:19Z X 940101 X X 1 1 166836 166836 0 166837 166837 2000 0 2000 898 0 898 2650 1325 1325 28500 0 28500 72444 0 0 3754 0 3754 110246 1325 36477 2860000 2860000 2970246 1325 2896477 -2803409 165512 99370 79121 79121 3645238 860980 860980 3744608 940101 940101 0 0 X 3744608 940101 3744608 940101 3744608 940101 3744608 -2803409 0 941199 1098 940101 2301 0 2301 0 2301 4000 0 0 0 4000 X 0 1699 1699 0 0 0 0 0 0 0 0 0 0 1 1 1 MA DE 1 0 0 0 0 1 www.belmontsavingsfoundation.com M Patricia Brusch 6172906216 PO Box 407 Belmont MA 02478 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Robert J Morrissey PO Box 407 Belmont MA 02478 Chairman 0.50 500 0 0 M Patricia Brusch PO Box 407 Belmont MA 02478 Treasurer 0.50 500 0 0 Hal R Tovin PO Box 407 Belmont MA 02478 Secretary 0.50 500 0 0 S Warren Farrell PO Box 407 Belmont MA 02478 Director 0.50 500 0 0 NONE 0 NONE 0 0 0 3181791 0 3181791 0 0 3181791 47727 3134064 156703 156703 2301 2301 154402 0 154402 0 154402 2896477 0 2896477 154402 40343 0 0 2896477 40343 0 0 154402 2701732 0 0 2701732 0 0 0 0 0 0 0 2701732 2701732 Ellen Schreiber Program Director PO Box 407 Belmont MA 02478 6172906216 belmontsavingsbankfoundation@gmail.com Applications and complete instructions are available on the website: http://www.belmontsavingsfoundation.com/belmont-savings -bank-foundation-grants Applicants submitting proposals for funding should be prepared to provide the following materials with their applications: (i) an organizational summary; (ii) specific purpose for funding request; (iii) an explanation for the need of the project/service in the community; (iv) an overall budget for the proposal; (v) a copy of the applicant's most recently audited financial statements; (vi) an explanation for how the success of the proposal and use of funds is to be measured; (vii) applicant's grant activity and funding from other sources; and (viii) information on the applicant's Executive Director. Grants are awarded quarterly: January 15th, April 15th, July 15th & October 15th The role of the Belmont Savings Bank Foundation is to support not-for-profit groups, institutions, schools and other organizations as a way of adding to the quality of life for people living in the Belmont community. Awards are generally limited to the Belmont community. Grant recipients must demonstrate Section 501(c)(3) or 501(c)(1) status and relevance to the Foundation's mission. The Foundation does not provide financial support for political organizations or candidates, activities for religious purposes, contributions to individual endeavors or scholarships. Belmont Education Foundation PO Box 518 Belmont MA 024780004 N/A PC Outstanding teacher awards 10000 Town of Belmont Massachusetts 455 Concord Avenue Belmont MA 02478 N/A GOV Library and ice rink projects 2850000 2860000 0 14 1 14 166836 0 166837 0 166837 0 0 0 0 0 0 0 0 0 0 Accounting Fees 2650 1325 1325 See Liquidation Statement and this Form 990-PF Part XIV See Liquidation Statement and Part See Liquidation Statem MA 02478 Charitable donations. 2860000 For the period covered by this Form 990-PF, the Foundation experienced a substantial contraction of net assets as defined by IRS Instructions for the Form 990-PF. This contraction in net assets was due to the Foundation making substantial charitable grants above and beyond its minimum distribution requirements and current year income; seeing great need for assistance in areas that are important to the Foundation, the Foundation paid higher than usual grants during this tax year in furtherance of its charitable goals. However, as of this return's filing, the Foundation has not dissolved or terminated as a tax filing entity. Legal Fees 898 0 898 Book-to-tax income timing differences 1098 Office Expenses 952 0 952 Marketing 2400 0 2400 State Registration Fees 180 0 180 Postage 222 0 222 Program Director Fees 28500 0 28500 Excise Taxes 72444 0 0