NEW YORK, NY -- JP Morgan Boosts Philanthropic Investments: JP Morgan Chase has announced that it will boost its philanthropic investments over the next five years by 40%, to $1.75 billion. The investment is part of a larger commitment to support their ongoing efforts to drive inclusive economic growth in underserved neighborhoods and job training initiatives, and expand its Fellowship Initiative.
WASHINGTON, DC -- Understanding that stable homes provide an important platform for individual success and thriving communities, nine of the nation’s largest private foundations, including The Melville Charitable Trust, have joined forces to create the Funders for Housing and Opportunity collaborative with the goal of ensuring individuals and families across America who spend more than half of their income on rent -- or have no homes at all -- will be able to afford safe, stable rentals in thriving communities. Together, Funders for Housing and Opportunity will commit grant dollars that will be used to catalyze systemic change; $4.9 million has already been committed to four grantees over the next three years.
WATERBURY, CT -- Webster Bank today announced it is donating $20,000 to the United Way of Central and Northeastern Connecticut’s Neighbors in
FARMINGTON, CT -- More than $1.1 million in sponsorships and grants were given by Farmington Bank and its charitable arm, the Farmington Bank Community Foundation, to more than 450 non-profit organizations in Connecticut and Massachusetts in 2017, the Bank announced today.
DANBURY, CT -- Out of 320 applicants, the City of Danbury is one of 35 finalists in the Bloomberg Philanthropies 2018 U.S. Mayors Challenge, a nationwide competition that encourages city leaders to uncover bold, inventive ideas that confront the toughest problems cities face. Danbury’s application, led by the City of Danbury in partnership with United Way of Western Connecticut (UWWC), rose to the top for our innovative approach to finding a solution to the lack of affordable childcare options for low-income families.
WASHINGTON, DC -- The increasingly desperate affordable housing crisis has led nine U.S. foundations, including the Bill and Melinda Gates Foundation, the Ford Foundation, and The Melville Charitable Trust to announce on Tuesday that they are launching a partnership to tackle systemic problems in the housing market. The aim: to ensure that the more than 11 million families across the country that spend more than half of their paycheck on rent and those who are homeless have access to safe, affordable housing. The partnership, called Funders For Housing and Opportunity, has divided an initial $4.9 million in grant money between four nonprofits that tackle housing insecurity. This first tranche of money is aimed “mostly in the area of policy, advocacy and organizing,” said Susan Thomas, senior program officer at Melville Charitable Trust and chair of Funders for Housing and Opportunity.