Private Foundation

COLONIAL FEDERAL SAVINGS BANK CHARITABLE FOUNDATION

COLONIAL FEDERAL SAVINGS BANK CHARITABLE FOUNDATION is a Private Foundation headquartered in PEABODY, MA. Financial data from the 2025 filing: $555K revenue, $928K expenses, $996K total assets. IRS filings disclose 119 grants awarded by this foundation, totaling roughly $1.1M.

EIN: 874406794 PEABODY, MA Latest filing: 2025

Total Revenue$555K

Total Expenses$928K

Total Assets$996K

Grants Given119

Grant Total$1.1M

Filing Years2022–2025

Sample Grants Given

QUINCY COMMUNITY ACTION PROGRAMS

QUINCY, MA · 2025

EXEMPT PURPOSE

$105,000

THE SALVATION ARMY

ALEXADRIA, VA · 2025

EXEMPT PURPOSE

$102,500

NEIGHBORWORKS HOUSING SOLUTIONS

QUINCY, MA · 2025

EXEMPT PURPOSE

$102,500

INTERFAITH SOCIAL SERVICES

QUINCY, MA · 2025

EXEMPT PURPOSE

$100,000

ADAMS PRESIDENTIAL CENTER

QUINCY, MA · 2025

EXEMPT PURPOSE

$100,000

Showing up to 5 of 119 total records — full history available with membership.

Officers & Directors

SECRETARY/DIRECTOR Joseph Shadduck

PRESIDENT/DIRECTOR Michael Mcfarland

TREASURER/DIRECTOR Susan Shea

Officer compensation and complete director data available with membership.

Top Grant Purposes

EXEMPT PURPOSE

$1,043,476 118 grants

Exemt Purpose

$57,101 1 grant

Financial Trends

Year	Revenue	Expenses	Assets
2025	$555K	$928K	$996K
2024	$273	$62K	$947K
2023	$478	$61K	$1.1M
2022	$1.6M	$63K	$1.3M

Between 2022 and 2025, reported annual revenue declined from $1.6M to $555K (-64%), with total assets most recently reported at $996K.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in GA, MA, NJ, NY, VA.

GAMANJNYVA

Full geographic grant map with state-by-state breakdown available with membership.

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