1

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




                                 SCHEDULE 13G/A

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 4)*


                         FIRSTFED AMERICA BANCORP, INC.
  ---------------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, par value $0.01 per share
       ------------------------------------------------------------------
                         (Title of Class of Securities)


                                    337929103
               --------------------------------------------------
                                 (CUSIP Number)

                                December 31, 2001
                  --------------------------------------------
             (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).

CUSIP No.  337929103


                                Page 1 of 6 Pages

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-----      ---------------------------------------------------------------------
1.         NAMES OF REPORTING PERSONS.
           I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
           The FIRSTFED 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
           Non-stock corporation incorporated in Delaware.

------------      --------------------------------------------------------------
NUMBER OF         5.    SOLE VOTING POWER
SHARES                       601,972
BENEFICIALLY
OWNED BY          --------------------------------------------------------------
EACH              6.    SHARED VOTING POWER
REPORTING                       0
PERSON
WITH              --------------------------------------------------------------
                  7.    SOLE DISPOSITIVE POWER
                            601,972

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

-----      ---------------------------------------------------------------------
9.         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    601,972

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


-----      ---------------------------------------------------------------------
11.        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                    9.7% of 6,220,249 shares of Common Stock outstanding
                    as of December 31, 2001.

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



                                Page 2 of 6 Pages

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                       THE FIRSTFED CHARITABLE FOUNDATION

                                 SCHEDULE 13G/A

ITEM 1.

         (a)   Name of Issuer:

               FIRSTFED AMERICA BANCORP, INC.

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

               ONE FIRSTFED PARK
               Swansea, MA  02777

ITEM 2.

         (a)   Name of Person Filing:

               The FIRSTFED Charitable Foundation

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

               ONE FIRSTFED PARK
               Swansea, MA  02777

         (c)   Citizenship:

               See Page 2, Item 4.

         (d)   Title of Class of Securities:

               Common Stock, par value $0.01 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:

               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:  601,972

               (b)      Percent of class: 9.7%

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

                        (i)      Sole power to vote or to direct the vote:
                                 601,972
                                 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: 0

                        (iii)    Sole power to dispose or to direct the
                                 disposition of:  601,972
                                 The gift instrument places certain limits on
                                 the amount of common stock that can be
                                 disposed of by the Foundation on an annual
                                 basis.

                        (iv)     Shared power to dispose or to direct the
                                 disposition of: 0

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

               N/A

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.

               N/A

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

               N/A



                                Page 4 of 6 Pages

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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 12, 2002
                  --------------------------------------------
                                     (Date)

                              /s/ Gregory Derderian
                  --------------------------------------------
                                   (Signature)

                                Gregory Derderian
                                    Treasurer
                       The FIRSTFED Charitable Foundation
                  --------------------------------------------
                                  (Name/Title)





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