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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549





                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 1)*


                             Chicopee Bancorp, Inc.
                ------------------------------------------------
                                (Name of Issuer)

                      Common Stock, no par value per share
                ------------------------------------------------
                         (Title of Class of Securities)


                                    168565109
                        --------------------------------
                                 (CUSIP Number)

                                December 31, 2007
                        --------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

         [ ]  Rule 13d-1(b)

         [x]  Rule 13d-1(c)

         [ ]  Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


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CUSIP No.168565109
------------------

--------------------------------------------------------------------------------
1.      NAMES OF REPORTING PERSONS.
        I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
        Chicopee Savings Bank Charitable Foundation

--------------------------------------------------------------------------------
2.      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
        (a) /_/
        (b) /_/

--------------------------------------------------------------------------------
3.      SEC USE ONLY

--------------------------------------------------------------------------------
4.      CITIZENSHIP OR PLACE OF ORGANIZATION
        State of Delaware

--------------------------------------------------------------------------------
NUMBER OF               5.      SOLE VOTING POWER
SHARES                                  551,064
BENEFICIALLY
OWNED BY                --------------------------------------------------------
EACH                    6.      SHARED VOTING POWER
REPORTING                               0
PERSON
WITH                    --------------------------------------------------------
                        7.      SOLE DISPOSITIVE POWER
                                        551,064

                        --------------------------------------------------------
                        8.      SHARED DISPOSITIVE POWER
                                        0

--------------------------------------------------------------------------------
9.      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                551,064

--------------------------------------------------------------------------------
10.     CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
        (SEE INSTRUCTIONS)

--------------------------------------------------------------------------------
11.     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                7.4% of 7,439,368 shares of Common Stock outstanding
                as of December 31, 2007.

--------------------------------------------------------------------------------
12.     TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
                CO

--------------------------------------------------------------------------------

                               Page 2 of 6 Pages
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                   CHICOPEE SAVINGS BANK CHARITABLE FOUNDATION

                                  SCHEDULE 13G

Item 1.

         (a)    Name of Issuer:

                Chicopee Bancorp, Inc.

         (b)    Address of Issuer's Principal Executive Offices:

                70 Center Street
                Chicopee, Massachusetts 01013

Item 2.

         (a)    Name of Person Filing:

                Chicopee Savings Bank Charitable Foundation

         (b)    Address of Principal Business Office or, if none, Residence:

                70 Center Street
                Chicopee, Massachusetts 01013

         (c)    Citizenship:

                See Page 2, Item 4.

         (d)    Title of Class of Securities:

                Common Stock, no par value per share

         (e)    CUSIP Number:

                See Page 1.

Item 3.         If this statement is filed pursuant to ss.ss.240.13d-1(b) or
                240.13d-2(b) or (c), check whether the person filing is a:

                Items (a)-(j) are not applicable.


                               Page 3 of 6 Pages

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Item 4.         Ownership.

                Provide the following information regarding the aggregate
                number and percentage of the class of securities of the issuer
                identified in Item 1.


                (a)    Amount beneficially owned: See Page 2, Item 9.

                (b)    Percent of class: See Page 2, Item 11.

                (c)    Number of shares as to which the person has:

                       (i)    Sole power to vote or to direct the vote: 551,064
                              Pursuant to the Foundation's Certificate of
                              Incorporation, the shares must be voted in the
                              same ratio as all other shares of common stock on
                              all proposals considered by stockholders.

                       (ii)   Shared power to vote or to direct the vote: See
                              Page 2, Item 6.


                       (iii)  Sole power to dispose or to direct the disposition
                              of: 551,064
                              The gift instrument places certain limits on the
                              amount of common stock that can be disposed of by
                              the Foundation in any one year.

                       (iv)   Shared power to dispose or to direct the
                              disposition of: See Page 2, Item 8.

Item 5.         Ownership of Five Percent or Less of a Class.

                If this statement is being filed to report the fact that as of
                the date hereof the reporting person has ceased to be the
                beneficial owner of more than five percent of the class of
                securities, check the following /_/.

Item 6.         Ownership of More than Five Percent on Behalf of Another Person.

                N/A

Item 7.         Identification and Classification of the Subsidiary Which
                Acquired the Security Being Reported on By the Parent Holding
                Company or Control Person.

                N/A

                               Page 4 of 6 Pages

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Item 8.         Identification and Classification of Members of the Group.

                N/A

Item 9.         Notice of Dissolution of Group.

                N/A

Item 10.        Certification.

                By signing below I certify that, to the best of my knowledge
                and belief, the securities referred to above were not acquired
                and are not held for the purpose of or with the effect of
                changing or influencing the control of the issuer of the
                securities and were not acquired and are not held in
                connection with or as a participant in any transaction having
                that purpose or effect.

                               Page 5 of 6 Pages


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                                    SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


                                February 14, 2008
                  --------------------------------------------
                                      Date

                             /s/ William J. Wagner
                  --------------------------------------------
                                    Signature

                                William J. Wagner
                                    Chairman
                  --------------------------------------------
                                   Name/Title


                               Page 6 of 6 Pages