M&T CHARITABLE FOUNDATION ANNOUNCES $4.9 MILLION IN GRANTS TO 51 NONPROFITS ACROSS NEW ENGLAND, LONG ISLAND, AND WESTCHESTER COUNTY, NY

Core Insights - M&T Bank's Charitable Foundation has announced $4.9 million in grants to 51 nonprofit organizations, concluding its three-year,$25 million Amplify Fund commitment aimed at addressing inequities in low- and moderate-income communities [1][5] - The Amplify Fund was initially announced in May 2022 as part of the merger between People's United Bank and M&T Bank, focusing on providing supplemental charitable support to legacy communities [2] - Over the course of the Amplify Fund program, a total of $25 million has been awarded to 224 nonprofit organizations, emphasizing collaboration to drive meaningful change and advance equity [5] Funding Details - The third round of funding specifically targets organizations that promote financial inclusion and economic growth, with a focus on homeownership, small business development, and financial resilience [4] - Previous rounds of the Amplify Fund distributed more than$20.1 million to 173 nonprofit organizations, supporting initiatives in environmental work, community organizing, and financial empowerment [3] Organizational Impact - The M&T Charitable Foundation aims to empower nonprofits to create lasting change in their communities, as highlighted by statements from grantees expressing gratitude for the support [7] - The foundation awards nearly $40 million annually to various nonprofit organizations, reinforcing its commitment to improving quality of life in the regions served by M&T Bank [8]