Posted April 10, 2018
People's United Community Foundation Awards More Than $1.1 Million During Initial 2018 Grant Cycle
Awards Granted to 177 Nonprofits Across the Northeast
BRIDGEPORT, CT - APRIL 10, 2018
People's The People’s United Community Foundation, the philanthropic arm of People’s United Bank, announced that it has awarded $1,133,632 during its first grant cycle of 2018 to 177 nonprofit organizations throughout the communities it serves in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.
Funding was distributed in support of activities that ranged from basic needs services and affordable housing initiatives to education, workforce development and life skills training programs. The grants were disseminated in alignment with the foundation’s three areas of focus, including 39 percent to community and economic development, 29 percent to youth development, and 16 percent to affordable housing initiatives.
The People’s United Community Foundation also contributed 16 percent of its funding to local United Way organizations across its footprint through the People’s United Bank employee match campaign.
“We are proud to partner with and show our ongoing support for the hundreds of nonprofit organizations across our footprint that have dedicated countless hours to having a positive impact on their local communities, and to bringing change to the lives of local residents and businesses,” said Karen Galbo, Executive Director of the Foundation
For a detailed list of organizations that People’s United Community Foundation supported during the first grant cycle of 2018, visit www.pucf.org.
About People's United Bank
People’s United Community Foundations 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 is a subsidiary of People's United Financial, Inc., a diversified financial services company with over $44 billion in assets. People’s United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.