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EIN 06-1513293

Ion Bank Foundation

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Naugatuck
State
Connecticut
Year formed
1998
Most recent tax filings
2025-12-01
NTEE code, primary
T21: Corporate foundations
Description
The Ion Bank Foundation primarily funds community awards, grants, and contributions as part of its annual campaign. It supports a variety of initiatives, including the community awards program and the nexgen cad status viewer display. The foundation has provided 426 grants last year to organizations such as the United Way of Greater Waterbury. As a corporate foundation of Ion Bank, it operates in Naugatuck, CT.
Also known as...
Naugatuck Savings Bank Foundation
Total revenues
$1,176,316
2025
Total expenses
$1,285,776
2025
Total assets
$15,263,658
2025
Num. employees
1
2025

Program areas at Ion Bank Foundation

Recovery of grants previously paid

Grants made by Ion Bank Foundation

GranteeGrant descriptionAmount
United Way of Naugatuck and Beacon FallsEr Match Uw Campaign$105,000
The United Way of Greater WaterburyEr Match Uw Campaign$80,000
The Connecticut Community FoundationGive Local 2025$49,209
...and 318 more grants made totalling $935,784

Financials for Ion Bank Foundation

RevenuesFYE 12/2025
Total grants, contributions, etc.$300
Investment income and dividends$447,060
Net rental income$0
Net gain from sale of non-inventory assets$728,656
Gross sales of inventory$0
Miscellaneous revenues$300
Total revenues$1,176,316

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Data update history
July 19, 2026
Posted financials
Added Form 990PF for fiscal year 2025
June 22, 2026
Updated personnel
Identified 3 new personnel
July 9, 2025
Posted financials
Added Form 990PF for fiscal year 2024
July 8, 2025
Updated personnel
Identified 3 new personnel
March 3, 2025
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCorporate foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsAccepts online donations
General information
Address
251 Church St
Naugatuck, CT 06770
Metro area
New Haven-Milford, CT
County
Naugatuck Valley Planning Region, CT
Website URL
ionbank.com/about-us/foundation/ 
Phone
(203) 729-5291
IRS details
EIN
06-1513293
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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