COHOES SAVINGS FOUNDATION

BALLSTON SPA, NY · EIN 141809837 · Form 990PF · FY2024 · NTEE T22 · Philanthropy & Grantmaking · Small ($100K-$1M)

revenue

$238K

expenses

$135K

net assets

$5.3M

employees

—

profile · synthesized from sources

COHOES SAVINGS FOUNDATION is a private foundation based in New York that supports nonprofit organizations through grants. It funds a range of community initiatives, with a focus on health, disability services, education, and basic needs. The foundation primarily serves populations in northeastern New York State.

named programs · 1 · from sources

What they call their work

Community Grants Program

Provides financial support to nonprofit organizations focused on health, education, disability services, and basic needs in northeastern New York.

activities · 8 groups

What they do

Community Foundation & United Way Support 3 activities
- Funding regional food security programs
  
  Funds Regional Food Bank of Northeastern NY as a program sponsor to support food distribution and combat hunger in the region.
- Funding senior wellness and social service fundraising events
  
  Funds Life Path as a fundraiser sponsor, supporting programs that serve older adults and vulnerable populations.
- Funding senior-centered community events and warmth initiatives
  
  Funds Colonie Senior Service Center Inc to support the Warmth of Winter Event & Fashion Show fundraiser, enhancing quality of life for seniors.
Fundraising and Financial Support for IDD Services 2 activities
- Funding assistive hearing technology through hospital partnerships
  
  Funds Samaritan Hospital and The Eddy Foundation to sponsor Pocketalker devices for individuals with hearing impairments.
- Funding expanded healthcare access for individuals with disabilities
  
  Funds Center for Disability Services to increase access to healthcare services for disabled individuals.
Charitable Grantmaking to Specific Causes 2 activities
- Funding services for individuals with epilepsy
  
  Funds Epilepsy Foundation NE NY for charitable purposes aimed at supporting individuals affected by epilepsy.
- Funding support for children with serious medical conditions
  
  Funds Building on Love Inc to assist children facing life-altering medical conditions through targeted interventions and resources.
Literacy Program Funding 1 activity
- Funding adult literacy programs
  
  Funds Literacy Volunteers of Rensselaer County as a program sponsor to support adult education and literacy initiatives.
Autoimmune Disease Research Funding 1 activity
- Funding arthritis awareness and fundraising events
  
  Funds the Arthritis Foundation to support the Walk to Cure Arthritis event, promoting public engagement and disease awareness.
Performing Arts Production Support 1 activity
- Funding arts and cultural programming in opera
  
  Funds Seagle Festival to sponsor an opera program, supporting access to and preservation of performing arts.
Hospital and Medical Center Support 1 activity
- Funding support for healthy families and children through community organizations
  
  Funds Trinity Alliance of the Capital Region to promote health and well-being among families, adults, and children in the community.
University-Specific Endowment and Program Funding 1 activity
- Funding youth financial literacy and workforce readiness
  
  Funds Junior Achievement of Northeastern New York as a program sponsor to promote financial literacy, entrepreneurship, and career readiness among youth.

financials · form 990PF · fy2024

revenue

Total revenue$238K

Contributions & grants——

Program service revenue——

Investment income$139K58%

Other revenue$100K

expenses

Total expenses$135K

Program expenses—

Admin / overhead—

Fundraising—

Salaries & benefits$50K

Grants paid out$118K

balance sheet

Total assets$5.31M

Cash—

Investments—

Liabilities—

Net assets$5.31M

4 years on record · 2020–2024 · YoY revenue +14.4%

leadership · form 990 part vii · fy2024

Who runs it

board members · 6

ALAN KRAFCHIN — DIRECTOR-PT
ALBERT PICCHI — CHAIRMAN/DIRECTOR-PT (STARTING 7/2/24)
HARRY L ROBINSON — CHAIRMAN/DIRECTOR-PT
JACQUELINE E BRENNAN — EXEC DIRECTOR/DIRECTOR-PT
MICHAEL CROTTY — DIRECTOR-PT
RICK AHL SR — TREASURER/DIRECTOR-PT

relationships · 12

Who they work with

ARTHRITIS FOUNDATION Partner — Recipient of grant to support Walk to Cure Arthritis event.
BUILDING ON LOVE INC Partner — Recipient of grant to assist children with life-altering medical conditions.
CENTER FOR DISABILITY SERVICES Partner — Recipient of grant to increase access to health care for disabled individuals.
COLONIE SENIOR SERVICE CENTER INC Partner — Recipient of grant for Warmth of Winter Event & Fashion Show fundraiser.
EPILEPSY FOUNDATION NE NY Partner — Recipient of grant for charitable purposes.
JUNIOR ACHIEVEMENT OF NORTHEASTERN NEW YORK Partner — Recipient of program sponsorship grant.
LIFE PATH Partner — Recipient of fundraiser sponsorship grant.
LITERACY VOLUNTEERS OF RENSSELAER COUNTY Partner — Recipient of program sponsorship grant.
REGIONAL FOOD BANK OF NORTHEASTERN NY Partner — Recipient of program sponsorship grant.
SAMARITAN HOSPITAL AND THE EDDY FOUNDATION Partner — Recipient of grant to sponsor Pocketalker devices for individuals with hearing impairments.
SEAGLE FESTIVAL Partner — Recipient of grant to sponsor opera program.
TRINITY ALLIANCE OF THE CAPITAL REGION Partner — Recipient of grant to promote healthy families, adults, and children.