BANK FOUNDATION AWARDS NONPROFITS

The Savings Bank of Danbury Foundation has awarded a total of $301,350.00 to 113 different nonprofit agencies throughout Connecticut as part of an annual tradition first established in 2004. The 2023 grants total represents an increase of 8% over grants awarded in 2022.
In 2004, the Savings Bank of Danbury (SBD) Foundation was established to support local nonprofit agencies that reflect the core values of the bank. The Foundation provides grants to support a wide range of initiatives and programs affecting community needs. Since its establishment, the Foundation has awarded more than $3 million to organizations making a positive difference in their communities.
The SBD Foundation is administered by a committee of Savings Bank of Danbury corporators, directors and bank officers who encourage nonprofit organizations in their communities to apply for financial grants, and praise them for all they do to improve the quality of life in the communities they serve.
As a community bank, SBD recognizes that it is important for it to do more than provide quality banking services; it also strives to be a good neighbor and citizen and give back to the communities it serves.
“We are proud of our Foundation and excited to be able to exceed our previous grant totals every year,” said Martin G. Morgado, president and CEO. “At Savings Bank of Danbury we have always put a strong emphasis on community service, team building and cultural activities that promote a positive work environment inside and outside of the bank. Our employees are active volunteering, mentoring and participating in our communities and we are all pleased to support the outstanding difference these non-profit organizations make every day.”
Established in 1849 and headquartered at 220 Main St., Danbury, Savings Bank of Danbury is a mutual savings bank with assets in excess of $1.6 billion. It has 16 branch offices in Bethel, Brookfield, Danbury, New Fairfield, New Milford, Newtown, Norwalk, Southbury, Stamford, and Waterbury.