Savings Bank of Danbury Foundation awards $225,644 to 92 agencies throughout Connecticut

The Foundation has donated more than $2.25 million since 2004
DANBURY, Conn. - May 4, 2021 - PRLog -- The Savings Bank of Danbury Foundation has awarded a total of $225,644 to 92 different non-profit agencies throughout Connecticut as part of an annual tradition first established in 2004.

In 2004, the Savings Bank of Danbury Foundation was established to support local non-profit agencies that reflect the core values of the Bank.  The Foundation provides grants to support a wide range of initiatives and programs in the areas of Affordable Housing, Arts & Culture, Community Services & Economic Development, Education, and Health & Human Services.  Since its establishment, the Foundation has awarded more than $2.25 million to organizations making a positive difference in our communities. This year's total represents an increase of 3.39% in contributions over the previous year.

"As a community bank, it is important for us to do more than provide quality banking services, we must also be good neighbors and citizens and give back to the communities we serve," stated Martin G. Morgado, President and CEO of Savings Bank of Danbury. "At Savings Bank of Danbury we have always put a strong emphasis on community service, team building and cultural activities that promote a positive work environment inside and outside of the Bank. We are fortunate to have assisted these wonderful community organizations in a very challenging year."

A complete list of SBD Foundation grants may be viewed at the Bank's website

The Foundation Grants Committee meets once a year to review requests. Awards are made to eligible 501(c)(3) tax-exempt organizations. The 2021 Foundation Grant Application will be available in the summer of 2021. Any organization interested in being considered should review the application's checklist and include all of the elements listed on the application.

About Savings Bank of Danbury

Established in 1849 and headquartered at 220 Main Street, Danbury, Savings Bank of Danbury is a mutual savings bank with assets in excess of $1 billion.  Savings Bank of Danbury has 15 branch offices in Bethel, Brookfield, Danbury, New Fairfield, New Milford, Newtown, Southbury, Stamford, and Waterbury, as well as lending offices in Farmington, Simsbury, Wallingford, and West Hartford.  Stamford Mortgage Company, a wholly owned subsidiary, has a local office on Summer Street in Stamford.  Savings Bank of Danbury is committed to serving their community.

For more information about Savings Bank of Danbury, visit or on Facebook at

Colleen Cimini
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Tags:CT community banking
Location:Danbury - Connecticut - United States
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