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Garrant Foundation

We established the Donald E. Garrant Foundation, Inc. in 2001 in memory of Don Garrant, former President and Chief Executive Officer of The Savings Bank. Mr. Garrant served as President of The Savings Bank from 1980 - 1992.

To recognize Mr. Garrant's passion for financial literacy, the Foundation seeks to support projects in the Public & Private Schools, Grades K-12, and Not-for-Profit Organizations, that focus on financial education - banking, money, saving, investing, borrowing and credit, and economics.

Also in 2001, we marked the twentieth anniversary of the 1st Educational Savings Branch at Wakefield High School, which was the result of Mr. Garrant's efforts.


The Garrant Foundation has issued awards totaling nearly $120,000 to support the following representative projects:

  • The purchase of financial books for a High School Library
  • The purchase of financial books for a Middle School Library
  • The purchase of books relating to saving, borrowing, receiving an allowance and other subjects for the six Wakefield Elementary School Libraries
  • The purchase of age-appropriate economics curriculum for use by the faculty at the six Elementary Schools
  • The purchase of books and games relating to banking and math for the Wakefield Special Education Department at the High School
  • The purchase of banking-related coloring books and piggy-banks for grades K-2
  • The purchase of a three-volume set of books related to stocks, bonds, and mutual funds for five students participating in the "Stock Market Challenge."
  • The purchase of accounting software and related textbooks for Lawrence High School Partners-in-Education

Contact Information

For additional information or to request an application please contact:
Donald E. Garrant Foundation, Inc.
357 Main Street * PO Box 30
Wakefield, MA 01880
(781) 224-5428
E-mail: GarrantFoundation@tsbawake24.com (Please note, e-mail is not secure)


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