First County Bank Foundation recently distributed a total of $28,000 in grants to five nonprofits in Greenwich for innovative programs promoting literacy, human services, emergency shelter, and counseling and nutrition for individuals and families in Greenwich. Of the $28,000, $2,500 was a CommunityFirst Grant, awarded to the YWCA for its Emergency Shelter Program. This grant, along with the others, supports the Foundation’s commitment to nonprofit organizations that encourage community and economic development, or assist children and families of lower Fairfield County.
“We believe these causes play a vital role in learning and enriching our communities,” said Rey Giallongo, president of the First County Bank Foundation and chairman and CEO of First County Bank. “The First County Bank Foundation is proud to support these organizations that have demonstrated leadership, creativity and innovation in helping the people of Greenwich.”
Since its inception in 2001, the First County Bank Foundation has awarded over 760 individual grants, worth $5.8 million.
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.
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.
The list of Greenwich-based nonprofits who received First County Bank Foundation grants is available at: First County Bank Press Releases.