Initiative designed to advance financial
inclusion and prosperity throughout New England, Long Island and New
York's Westchester
County
BUFFALO,
N.Y., Oct. 3, 2024 /PRNewswire/ -- The M&T
Charitable Foundation, the philanthropic arm of M&T Bank (NYSE:
MTB), today launched the third phase of its Amplify Fund. The
Amplify Fund provides support to non-profit initiatives in legacy
People's United Bank communities benefitting low- and
moderate- income communities and underrepresented populations. This
new request for proposals (RFP) seeks nonprofit organizations
focused on advancing financial inclusion and spurring economic
growth and prosperity, with a particular focus on racial and social
justice in Connecticut,
Massachusetts, Vermont, New
Hampshire, Southern Maine,
Long Island, and New York's Westchester County.
Amplify Fund's Phase III grants will provide funding for up to
three years to nonprofit organizations centered around improving
financial health and resiliency, wealth building, and providing
opportunities that are eliminating barriers, reducing income
inequality, and paving sustainable economic pathways. Eligible
initiatives should respond directly to documented needs,
challenges, and gaps that communities are facing in the following
areas:
- Homeownership & Improvement
- Small Business Development, Entrepreneurship &
Career Growth
- Financial Resilience
"With this third and final request for proposals, the M&T
Charitable Foundation will continue to seek opportunities that are
equitable, accessible, and responsive to meeting local needs," said
Karen Galbo, Regional Manager for
the M&T Charitable Foundation in New England. "With more than
$20.1 million invested to date, we
are proud of the work of our nonprofit partners and the significant
impact the Amplify Fund is having on our communities. We look
forward to deepening our impact to ensure long term success and
sustainability."
Consideration will be given to nonprofit organizations working
to close the racial wealth gap and creating a more inclusive and
equitable economy for everyone, leading to more secure, stable, and
prosperous lives, and economic growth and prosperity for
marginalized and underrepresented populations, including
low-to-moderate income and BIPOC communities.
Applicant organizations that clearly articulate the needs to be
addressed, with proven strategies in place to respond to those
needs, will also receive consideration.
All RFPs under Phase III of the Amplify Fund are due by 5:00
p.m. on Thursday, November 14, 2024,
and can be submitted via the online portal with the passcode
AF-FIP.
First announced in May 2022, the
Amplify Fund is a $25 million
philanthropic investment as part of the merger between People's
United Bank and M&T Bank. The first phase of the Amplify Fund
awarded more than $11.8 million to
105 non-profit organizations. Funding focused on equity and
environmental initiatives, mission-driven and capacity-building
work, community, and tenant organizing, and financial empowerment
and education for individuals and small businesses. During Phase II
of the Amplify Fund, more than $8.2
million was awarded to 68 non-profit organizations focusing
on advancing equity collaboratives.
For more information on the Amplify Fund, please visit the
Amplify Fund website.
About the M&T Charitable Foundation
The M&T
Charitable Foundation, the philanthropic arm of M&T Bank, is a
501(c)(3) not-for-profit charitable organization founded in 1993
and funded by M&T Bank. The M&T Charitable Foundation
awards over $40 million in grants per year to thousands of
nonprofit organizations focused on improving the quality of life in
the areas the bank serves.
About M&T Bank
M&T is a financial holding
company headquartered in Buffalo, New
York. M&T's principal banking subsidiary, M&T Bank,
provides banking products and services in 12 states across the
eastern U.S. from Maine to
Virginia and Washington, D.C. Trust-related services are
provided in select markets in the U.S. and abroad by M&T's
Wilmington Trust-affiliated companies and by M&T Bank.
Media Contacts:
New England:
Christopher Loh
(617) 581-2676
cloh@mtb.com
National Media and New York Metro (NYC, Long
Island, and New Jersey):
Frank Lentini
(929) 651-0447
flentini@mtb.com
© 2024 M&T Bank. Member
FDIC
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SOURCE M&T Bank Corporation
