Eighty-five non-profits (37 in state) share largesse
BRIDGEPORT — The People’s United Community Foundation, the philanthropic arm of People’s United Bank, announced today that it awarded $531,500 in grants to nonprofit organizations throughout the communities it serves in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine during its first grant cycle of 2013.
Eighty-five organizations (including 37 in Connecticut) received funding in support of programs that ranged from basic needs services and affordable housing projects to literacy and workforce development programs. The funding was distributed within the foundation’s three areas of focus: 51 percent allocated to youth development, 32 percent to community development, and 17 percent to affordable housing initiatives.
Of the $531,500 total, $211,000 went to non-profits headquartered in Connecticut. Of these, $5,000 each was awarded to the Mary Wade Home and Habitat for Humanity, both in New Haven; and $6,500 to Big Fun Education in Madison.
The two largest Nutmeg State awards — $20,000 each — went to the Family Assets Program of FSW Inc. in Bridgeport, and the Sandy Hook School Support Fund of the United Way of Western Connecticut in Newtown.
“With the onset of 2013, People’s United Community Foundation continues to see significant needs across our footprint,” said foundation Executive Director Vincent Santilli. “The foundation is pleased to be able to assist 85 organizations within our communities that are working vigorously to address those needs and improve the quality of life for residents.”
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. The foundation places particular emphasis on programs designed to promote economic self-sufficiency, education and improved conditions for low-income families and neighborhoods. The foundation’s funding priorities include community development, youth development and affordable housing.
$350K to help create homes for Elm City workers
NEW HAVEN — The Greater New Haven Community Loan Fund (GNHCLF) has received $350,000 from Purdue Pharma, LP to support its Workforce Housing Program, focused on facilitating and funding the creation of affordable and stable housing for individuals and families who live and work in New Haven.
Purdue Pharma’s contribution will support the creation of as many as 30 housing units for New Haven workers earning less than 100 percent of the Area Median Income (AMI). Additionally, GNHCLF has dedicated 60 percent of the funds to serve households earning less than 80 percent of the AMI ($65,000 for a family of four).
The contribution from Purdue Pharma was made to GNHCLF through the State Housing Tax Credit Contribution Program (HTCC) after GNHCLF was awarded $500,000 in tax credits by the Connecticut Housing Finance Authority (CHFA).
“The HTCC program offers Connecticut businesses an opportunity to contribute to the expansion of affordable housing in their communities by donating to non-profit developers building affordable homes,” explained CHFA Executive Director Eric Chatman. “In return for the donation, businesses receive credits to apply toward state taxes. This program has resulted in the creation of more than 4,100 affordable homes in the last five years.”
“We are delighted to support affordable housing through the HTCC program,” said John H. Stewart, president and CEO of Purdue Pharma, headquartered in Stamford. “We have been partnering with Habitat for Humanity of Coastal Fairfield County on affordable housing for several years, and are pleased to extend our support to the New Haven area.”
“The 2010 U.S. Census revealed that the city of New Haven experienced a five-percent increase in its population, the largest growth rate of any Connecticut city,” said GNHCLF Executive Director Carla Weil. “If New Haven is to continue attracting new growth in the economic sector, it needs to offer accompanying quality and affordable housing options to the workforce. Purdue Pharma’s generous contribution will help us to play a part in that growth.”
95 group to benefit from bank’s charitable arm
BRIDGEPORT — For the fourth quarter of 2012 the People’s United Community Foundation has awarded $610,000 in grants to nonprofit organizations throughout the communities it serves in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.
Ninety-five organizations received funding in support of programs that ranged from basic needs services and affordable housing projects to education and job-training initiatives. The funding was distributed within the foundation’s three areas of focus: 32 percent allocated to community development, 31 percent to youth development, and 24 percent to affordable-housing initiatives. The People’s United Community Foundation also contributed 13 percent of its funding to local United Way organizations as a matching donation to the People’s United Bank annual employee giving campaign.
“People’s United Community Foundation is delighted to grant to a record number of non-profit organizations during the fourth quarter, as well as for the year,” said Vincent Santilli, the foundation’s executive director. “The foundation not only received the highest number of funding requests in its five-year history, but as a result, we also awarded more grants this year than ever before. We are very pleased to continue our support of many recurring grantees and for the opportunity to welcome new community partners as well.”
For 2012, People’s United Community Foundation distributed 346 grants within the communities it serves, totaling more than $2.2 million. Since inception in 2007, 1,209 grants have been awarded to nonprofit organizations, totaling more than $12.4 million.
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 418 branches, is the largest independent bank headquartered in New England.