American Savings Foundation Incorporated
American Savings Foundation (based in New Britain, CT) is a permanent charitable endowment that provides grants to Connecticut nonprofit organizations and operates a large independent college scholarship program. The foundation focuses on education, human services, and arts & culture.
Source: Website · Mar 2026
Ideal Applicant
A Connecticut-based nonprofit (especially in New Britain/Waterbury or nearby) delivering direct services in education, youth development, human services, or arts & culture and prepared to apply via the foundation's online grants portal.
Good Fit
- • Primary operations or programs located in Connecticut, ideally serving New Britain or Waterbury communities
- • Clear program alignment with education, youth employment, scholarships, food security, or arts programming
- • Ability to manage and report on small-to-midsize grants (typical median grants are modest)
- • Willingness to use the foundation's online application system and to contact listed program officers
- • Project proposals that show direct community impact and practical implementation
Geography
Observed giving is heavily Connecticut‑focused: roughly 92% of dollars supported CT organizations, though small out‑of‑state grants appear in the record.
Recipient Variety
The latest year shows a very large and diverse recipient set (486 distinct recipients and hundreds of small program/community grants alongside capital awards and scholarships), indicating broad institutional variety.
New Applicants
Direct evidence of new entrants exists (167 new recipients in 2024, about one third of grantees) and the foundation publishes an online grants portal and staff contacts, which together suggest unfamiliar applicants can plausibly enter the portfolio.
Source: Zeffy Agent · Mar 2026
