Initiative Designed to Advance Equity throughout Connecticut, Massachusetts, Vermont, New
Hampshire, Southern Maine,
and New York's Long Island and Westchester Counties
Nonprofit Collaboratives Encouraged to Apply
BUFFALO,
N.Y., Aug. 23, 2023 /PRNewswire/ -- The M&T
Charitable Foundation, the philanthropic arm of M&T Bank (NYSE:
MTB), today launched the second phase of its Amplify Fund which
provides support to nonprofit initiatives in legacy People's United
communities that benefit low- and moderate-income communities and
underrepresented populations. This new request for proposals (RFP)
seeks nonprofit collaboratives focused on advancing equity using a
racial equity and social justice lens in Connecticut, Massachusetts, Vermont, New
Hampshire, southern Maine,
Long Island, and New York's Westchester County.
Amplify Fund's Phase II grants will provide funding for up to
three years to nonprofit collaboratives working together toward a
common goal of solving a specific social problem. Eligible
initiatives should respond directly to documented needs,
challenges, and gaps communities are facing in the following
areas:
- Family Stability: Affordable housing, food security, and
access to quality and affordable childcare.
- Income & Wealth Equity: Employment, small business
development, homeownership, and financial empowerment
initiatives.
- Workforce Development: Education and training
opportunities focused on upskilling and career pathways in
high-growth sectors leading to economic prosperity.
- Health Equity: Access to quality and affordable
healthcare, with a priority on youth mental health and women and
infant health.
"The Amplify Fund provides targeted investments that are
equitable, accessible, and responsive to local needs," said
Dominique Goss, Executive Director
of the M&T Charitable Foundation. "It is our hope that these
grants will create a sustainable impact in local communities.
M&T is proud to support the important work of advancing equity
for historically excluded groups, and we encourage all interested
nonprofits to apply."
Special consideration will be given to initiatives that provide
access and opportunities to enable upward mobility, close the
racial wealth gap, and address economic barriers and other
opportunity gaps for marginalized and underrepresented populations,
including low-to-moderate-income and BIPOC communities. Priority
will also be given to applicant organizations that clearly
articulate the needs to be addressed, with proven strategies in
place to respond to those needs.
All RFPs under Phase II of the Amplify Fund are due by 5:00 p.m.
on Friday, October 6, 2023, and can
be submitted via https://mtb.versaic.com with the passcode
AF-AEC.
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. During Phase I of the Amplify Fund,
more than $11.8M was awarded to 105
nonprofit organizations across the former People's United
footprint, with some payments committed over a two- or three-year
period. Funding was 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.
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:
National Media and New
England:
Frank Lentini
(929) 651-0447
flentini@mtb.com
New York Metro
(NYC, Long Island, and New Jersey):
David Samberg
(201) 368-4515
dsamberg@mtb.com
© 2023 M&T Bank. Member
FDIC
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SOURCE M&T Bank Corporation