STAMFORD, CT - The First County Bank Foundation recently distributed a total of $80,484 in grants to 15 nonprofits in Darien and New Canaan. In addition to providing Standard Grants, the Foundation also offers CommunityFirst Grants, which are awarded year round. Of the $80,484 in total grants, $4,045 are CommunityFirst Grants, which were awarded to the following 2 agencies, New Canaan YMCA and Darien’s A Better Chance. These grants will be used for emergency assistance, music and art, local transportation and other worthy causes benefiting families and children.
“Experience tells us that causes like these have the power to expand understanding and deepen community involvement,” said Rey Giallongo, president of the First County Bank Foundation and chairman and CEO of First County Bank. “Our goal at the foundation is to help these organizations and others like them build the next generation’s ability to live and work productively in our communities. We look forward to seeing the results of these agencies’ work benefit young and old alike.”
Since its 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.