BUFFALO — The M&T Charitable Foundation, the philanthropic arm of M&T Bank, has awarded $8.2 million in donations to 68 nonprofit organizations across New England and Long Island and Rockland County New York. The announcement is the second round of giving as part of the company’s Amplify Fund grant, a commitment by M&T Bank to work with groups dedicated to addressing social issues through a racial equity and social justice lens in low- and moderate- income communities and underrepresented populations.
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. Powered by the M&T Charitable Foundation, the Amplify Fund is a one-time supplemental charitable giving program to provide further support in the legacy People’s United communities. The first round of funding totaled more than $11.8 million to 105 nonprofit organizations and 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.
Grantees in this second phase of funding include organizations that provide a host of direct services and opportunities for the individuals and families they serve, including increasing access to affordable housing, childcare, healthcare, job training, and more. A full list of grantees can be found here.
“At M&T, addressing the institutionalized and systemic issues preventing disadvantaged communities from accessing opportunities and achieving long-term success is key to our mission as a community-focused bank,” said Dominique Goss, Executive Director of the M&T Charitable Foundation. “We are proud to provide the Amplify Fund as a difference-making resource in the communities we serve and look forward to continuing our work to increase racial and economic equity throughout our footprint.”
Phase II of the Amplify Fund focused on providing funding, for up to three years, to nonprofit collaboratives working together toward a common goal for solving a specific social issue, to help advance equity in the following key areas of focus:
- 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 is designed to drive sustainable impact that is equitable, accessible, and responsive to local needs. Regional representatives of the bank will continue to meet with local leaders to help inform the strategic direction for the Fund’s third and final round.
For more information on the Amplify Fund, including the full list of grant recipients in New England and Metro New York, please visit the Amplify Fund website.
