TSB Charitable Foundation

Established in 1997, the TSB Charitable Foundation supports non-profit organizations that serve residents of Wakefield, Lynnfield, Andover, Methuen, North Reading and surrounding cities and towns.

Since the first awards were issued in 1998, we have donated over $375,000 to more than 80 organizations.

Board of Directors
 

Application Information

To apply for a grant from the TSB Charitable Foundation your organization must meet the following criteria:

Any organization applying to TSB Charitable Foundation must be a Massachusetts charitable corporation. The Directors of the Foundation will focus their giving to organizations serving the residents of the Wakefield, Lynnfield, Andover, Methuen, and North Reading areas.

• An organization must be determined to be tax-exempt under Section 502(c)(3) of the Internal Revenue Code and must have received a permanent or advance IRS Determination letter that describes the grantee as a publicly supported charity as defined in Sections 170(b)(1)(A)(6) or (A)(2). No grants are awarded to individuals.
• The Directors of the Foundation will not consider a proposal from an organization previously funded until a full report of the expenditures of the previous grant has been submitted.
• The Directors of the Foundation will not consider more than one application from an agency in the same calendar year.
• No grants will be made to national organizations or "annual giving campaigns."
• No grants will be made to state or federal agencies.
• Grants will be made to a 501(c)(3) organization for benefit of another organization awaiting its own tax-exempt status.

Applications will be considered for program expansion, evaluation, renovations, new construction projects, capital funding, etc. for organizations whose primary focus is on projects in the following areas:

Application Period

Our Application period is from October 1st through January 31st.
Awards are usually presented in early April.

Contact Information

For more information about TSB Charitable Foundation, Inc., please contact:
TSB Charitable Foundation, Inc.
357 Main Street
PO Box 30
Wakefield, MA 01880
(781) 224-5428
e-mail to: TSBCF@tsbawake24.com

Click here to download the Application Guidelines.