Connecticut · Nonprofit
AMERICAN SAVINGS FOUNDATION INC
AMERICAN SAVINGS FOUNDATION INC (Connecticut) receives grants from 1 organization whose IRS filings report $126 to it, the largest being DUKE ENERGY FOUNDATION ($126). 0 of them have funded it in more than one year.
- Revenue FY2025
- $5.5M
- Funders on record
- 1
- Grants received
- $126
- Net assets
- $107M
What American Savings Foundation Inc does
Programs
The foundation operates a scholarship program, which in 2025 distributed $772,839 in scholarships for 455 individual students, including students attending 2- and 4-year colleges, and vocational/technical programs. Foundation staff directly manages this program and provides significant outreach, support and guidance to scholarship applicants and recipients. Because this is a renewable scholarship for up to 5 years of undergraduate support, staff remain engaged with asf scholars throughout their college years. Since 2021, the foundation partnered with a third-party provider to provide access to mental health resources for our scholars. Staff maintain ongoing engagement with alumni through events, social media, and opportunities to volunteer in the scholarship selection committee. In addition, staff manage a paid summer internship program providing grants to local nonprofits for paid career-oriented internship opportunities for asf scholars. Total internship grants in 2025 were $90,870.
$295,938 spentAs part of the american savings foundation support for local after school programs in the city of new britain, ct, the foundation is deeply engaged with the field of afterschool, both city-wide and throughout the state. Foundation staff provides direct support to after-school program providers, in addition to support for shared training and collaborative meetings, in partnership with the consolidated schooldistrict of new britain. Foundation staff also facilitates access to a common platform for tracking program attendance. This system, transact, is used by all the after-school programs funded by the foundation. Foundation staff acts as an administrator on the platform and provides support to users to ensure accurate reporting and analysis of the data. In 2025, the foundation awarded $984,564 to youth programsthat take place after school and other "out-of-school time" in the summer and on weekends.
$71,998 spent
The 2 programs described on its FY2025 Form 990-PF.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $106M to $81M (−24%).
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Maria A Falvo
President and CEO
Board chair
Charles J Boulier Iii
Director, chair
As listed on its FY2025 Form 990-PF.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of AMERICAN SAVINGS FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
AMERICAN SAVINGS FOUNDATION INC draws 100% of its grant income from funders outside Connecticut, across 1 state in all.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
AMERICAN SAVINGS FOUNDATION INC has grown faster than three-quarters of the 1,504 philanthropy nonprofits its size.
this organization peer median middle 50% of peers· 1,504 philanthropy nonprofits $1M–$10M, FY2025
Organizations like AMERICAN SAVINGS FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Connecticut
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Screen this organization
A dated, signed PDF of the compliance screen for AMERICAN SAVINGS FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds AMERICAN SAVINGS FOUNDATION INC?
- AMERICAN SAVINGS FOUNDATION INC (Connecticut) receives grants from 1 organization whose IRS filings report $126 to it, the largest being DUKE ENERGY FOUNDATION ($126). 0 of them have funded it in more than one year.
- How many funders does AMERICAN SAVINGS FOUNDATION INC have?
- IRS filings report 1 organization giving $126 in grants to AMERICAN SAVINGS FOUNDATION INC.
- Who is the largest funder of AMERICAN SAVINGS FOUNDATION INC?
- DUKE ENERGY FOUNDATION is the largest funder on record, with $126 in grants. The full list of funders is on this page.
- How can an organization like AMERICAN SAVINGS FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Connecticut. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2019–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing