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People’s United Community Foundation, the philanthropic arm of People’s United Bank, awarded $37,029 to Maine-based nonprofits during its first grant cycle of 2018.
Funding was allocated to four nonprofit organizations in support of basic needs services and affordable housing initiatives:
The foundation also contributed 16% of its funding to local United Way organizations across its footprint through the People’s United Bank employee match campaign. Recipients in Maine included United Way of Eastern Maine, United Way of York County, United Way of Greater Portland and United Way of Mid-Maine.
“We are proud to partner with and show our ongoing support for the hundreds of nonprofit organizations across our footprint that have dedicated countless hours to having a positive impact on their local communities, and to bringing change to the lives of local residents and businesses,” said Karen Galbo, executive director of the foundation.
In total, People’s United Community Foundation awarded $1.13 million during its first grant cycle of 2018 to 177 organizations throughout the communities it serves in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.
The grants were disseminated in alignment with the foundation’s three areas of focus, including 39% to community and economic development, 29% to youth development, and 16% to affordable housing initiatives.
People’s United Community Foundation helps support programs and activities that enhance the quality of life for citizens in the communities that People’s United Bank serves. People's United Bank is a subsidiary of People's United Financial, Inc., a diversified financial services company with over $44 billion in assets. People’s United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.
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