The First County Bank Foundation recently distributed $96,068.75 in grants to 12 Stamford-based nonprofits whose combined mission is to work with families in need of housing, food, education and health services, as well as those that provide services to older adults, and those that promote volunteerism.
“These are just some of the important organizations in town helping families cope during these difficult times,” said First County Bank Foundation Vice President Katherine Harris. “We have donated to these organizations in the past and have seen the positive results of their hard work,” explained Harris, adding, “We know the grants will help these agencies continue to provide for our neighbors in lower Fairfield County.”
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 for First County Bank Foundation grants, 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.
A list of Stamford-based organizations who received First County Bank Foundation grants this year is available at http://www.firstcountybank.com/press-releases/0.