Newtown Savings Bank Foundation Grant

Newtown Savings Bank Foundation

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Grant amount: Up to US $10,000

Deadline: Rolling

Applicant type: Nonprofit

Funding uses: Education / Outreach, Project / Program, Scholarship

Location of project: Counties in Connecticut: Fairfield County, Litchfield County, New Haven County

Location of residency: Preferred: Counties in Connecticut: Fairfield County, Litchfield County, New Haven County Other eligible locations: United States

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About this funder:

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Overview:

Newtown Savings Bank Foundation Grant

On April 28, 1998, Newtown Savings Bank’s Board of Trustees voted to establish the Newtown Savings Bank Foundation as a Section 501(c) (3) organization, and to fund it with an initial contribution of $452,000, which was determined based on the size of the Bank and its capital position at the time. As of September 30, 2016, the Foundation value has grown through prudent investments and additional contributions to just over $1.6 million.

Each year the Board of Trustees approves a budget that represents at least 5% of the fund balance at fiscal year end. Most of the funds are utilized to provide funding to non profit organizations that support families and individuals with financial need.

The Foundation traditionally provides at least one college scholarship donation annually with each of the Bank’s primary communities, and also provides a donation to at least one social service agency annually, usually a food bank, in each primary branch town. Since 2005, over $650,000 in grants have been awarded to dozens of educational and charitable organizations located within the bank’s market area.

Community Support

Our primary goal is to invest in the health of the communities where the Bank does business, and to provide support and financial resources that benefit the following strategic sectors listed in order of priority:

  • Social Services & Affordable Housing Initiatives
  • Education
  • Community Economic Development
  • Health & Human Services
  • Arts & Culture

You can learn more about this opportunity by visiting the funder's website.

Eligibility:

  • Over time the Bank’s communities have expanded, and now include:
    • Bethel  
    • Brookfield 
    • Danbury 
    • Hamden 
    • Monroe
    • Newtown 
    • Oxford 
    • Shelton
    • Southbury
    • Trumbull
    • Woodbury 
  • There are occasions where the Bank will support out of market organizations that serve the population in our primary communities, or organizations that exist in the towns that immediately surround our primary communities. 
  • Please note that our decisions are based on a variety of criteria including budget, strategic sectors, geographic location and timing.

Preferences:

  • Organization or event should serve one or more of our communities.