May 08, 2012

May 08, 2012

People’s United Community Foundation Awards Nearly $700,000 to Community Organizations in 2Q 2012

BRIDGEPORT, CT – The People’s United Community Foundation announced today that for the second quarter of 2012 it awarded $697,500 in grants to nonprofit organizations throughout the communities it serves in Connecticut, Massachusetts, Vermont, New York, New Hampshire and Maine.

Eighty-six organizations received funding in support of their programs, which ranged from basic needs services and affordable housing projects, to education and job training programs. The funding was distributed within the Foundation’s three areas of focus, with 33 percent allocated to community development, 26 percent to youth development and 16 percent to affordable housing initiatives. The People’s United Community Foundation also contributed 25 percent of its funding to local United Way organizations across its footprint through the People’s United Bank employee match campaign.

“The People’s United Community Foundation is thrilled to be able to contribute to the efforts of so many non-profit agencies across our expanding footprint,” said Vincent Santilli, Executive Director of the Foundation. “Our grantees work assiduously to improve neighborhoods and the quality of life for residents in their communities, and we are proud of the positive impact they are having.”

For a detailed list of organizations which People’s United Community Foundation has supported in the second quarter of 2012, please refer to the chart on pucf.org.

Established in 2007, People’s United Community Foundation was formed to help support programs and activities that enhance the quality of life for citizens in the communities that People’s United Bank serves. People’s United Bank, founded in 1842 and serving customers from New York to Maine through a network of 361 branches, is the largest independent bank headquartered in New England. The Foundation places special emphasis on programs designed to promote economic self-sufficiency, education and improved conditions for low-income families and neighborhoods. The funding priorities of the Foundation include: community development, youth development, and affordable housing.

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