Home Banking & Finance People’s United tops $2M in grant giving

People’s United tops $2M in grant giving


The People’s United Community Foundation, the philanthropic arm of Bridgeport-based People’s United Bank, crossed the half-million-dollar mark in local charitable giving last year, part of more than $2 million in giving in the Northeast.

The foundation awarded $516,900 in grants to nonprofits throughout southern Connecticut.

A total 69 nonprofits received grants in 2013 that supported programs addressing basic needs; financial literacy; workforce development and job placement; life-skills training; first-time homebuyer programs; affordable housing development; education initiatives; and after-school programs.

Recipients included Greater Bridgeport Community Enterprises; Horizons at Greens Farms Academy; Housing Development Fund; and The Workplace, among other organizations.

People’s United Community Foundation awarded a total $2,126,944 in grants to 345 nonprofits in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine last year. The funding was spread across three broad arenas: 42 percent to youth development; 31 percent to community development; and 18 percent to affordable housing initiatives. The foundation also contributed 9 percent of its funding to local United Way organizations across its footprint through a People’s United Bank employee matching-donation campaign.

“People’s United Community Foundation is pleased to continue its support to the many nonprofit organizations that are improving the lives of individuals and families across our six-state footprint,” said Vincent Santilli, foundation executive director. “We look forward to building upon our success and continuing our support of commendable programs in 2014.”

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