Targets Youth, Families, Education and Job Training
The First County Bank Foundation recently distributed a total of $283,000 in grants to 42 nonprofits in Stamford targeting education, job training, medical programs, advocacy and counseling programs and nutrition programs benefiting youth and families. In addition to providing Standard Grants, the Foundation also offers CommunityFirst Grants which are awarded year round. Of the $283,000 in total grants, $15,500 are CommunityFirst Grants which were awarded to 8 agencies including the Stamford Police Association, Stamford Animal Rescue, Stamford Rotary and the Stamford Senior Center to date.
“The First County Bank Foundation is honored to make these grants available to a number of important causes in the Stamford area,” said Rey Giallongo, president of the Foundation, and chairman and CEO of First County Bank. “On behalf of the bank’s employees and customers, I want to personally thank these organizations and the people who work with them for helping Fairfield County citizens. It’s not easy and many of us take for granted that others in the community volunteer their time to help others. All of us at First County Bank make sure to donate some of our time and money to bettering the lives of others.”
Since it’s inception in 2001, the First County Bank Foundation has awarded over 760 individual grants, worth $5.8 million.
Established 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.
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 nonprofits who received First County Bank Foundation grants is available at http://www.firstcountybank.com/press-releases/0.