July 13, 2017

People's United Bank foundation awards $52K to eight nonprofits

The People's United Community Foundation, the philanthropic arm of People's United Bank, awarded $52,000 during its second grant cycle of 2017 to eight nonprofit organizations throughout Maine.

The funding helps support eight organizations whose activities range from basic needs services and affordable housing initiatives, to STEM education, mentoring, and personal finance.

Recipients are:

  • Ecology Education Inc., Biddeford, $2,500
  • Big Brothers Big Sisters of Southern Maine, Portland, $4,500
  • Junior Achievement of Maine Inc., Portland, $5,000
  • Ronald McDonald House Charities Inc., Portland, $5,000
  • Southern Maine Agency on Aging, Scarborough, $5,000
  • Habitat for Humanity York County, Wells, $5,000
  • Genesis Fund, Brunswick, $10,000
  • Gulf of Maine Research Institute, Portland, $15,000.

In total, People's United Community Foundation awarded $771,200 during its second grant cycle of 2017 to 140 nonprofit organizations throughout the communities it serves in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine. The funding was distributed within the foundation's three areas of focus, with 44 percent allocated to community development, 36 percent to youth development, and 20 percent to affordable housing initiatives.

"People's United Community Foundation is pleased to continue its support of the many nonprofit organizations in Maine that are having a positive impact on our communities," said Dan Thornton, Maine division president and officer of People's United Community Foundation.

Established in 2007, People's United Community Foundation was formed to help 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 $40 billion in assets offers commercial and retail banking, as well as wealth management services through a network of nearly 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.


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