First County Bank Foundation increased the grant amounts and the number of Westport-based nonprofits that received money from the foundation in 2011. Last year’s recipients, Homes with Hope and Positive Directions, were joined by Project Return and United Way of Coastal Connecticut – Westport.
Homes with Hope received $15,000, an increase of $5,000 from last year. Positive Directions received $5,000, Project Return received $5,000 and United Way of Coastal Connecticut – Westport received $2,500 in grants from the First County Bank Foundation, which is celebrating its 10th anniversary this year.
“The foundation was very impressed with the support Homes with Hope offers its clients in the region,” said Katherine Harris, vice president First County Bank Foundation. “They requested more money this year and they got it. Worthy causes that help the citizens of lower Fairfield County, like these Westport-based nonprofits, are why the First County Bank Foundation donates close to $600,000 a year.”
Established in 2001 in honor of the bank’s 150th anniversary, the First County Bank Foundation was created to distribute funds annually to nonprofit organizations that support community and economic development for children and families. As a mutual bank with no shareholders, First County Bank considers contributions made by the foundation a means of paying dividends back to the local communities it serves. Through 2010, the foundation has been able to award 426 grants totaling more than $4 million to various community organizations.
To be eligible, organizations must have nonprofit tax exempt status under section 501(c)(3) of the Internal Revenue Code; be located in Stamford, Darien, Greenwich, New Canaan, Norwalk or Westport; have community support; address community needs; have measurable outcomes; and demonstrate fiscal and administrative responsibility. Special consideration is given to those agencies or programs benefiting low to moderate income populations.
Additional information on the Westport-based nonprofits that received grants from First County Bank Foundation in 2011 can be viewed at http://www.firstcountybank.com/press-releases/0.