The M&T Charitable Foundation, the philanthropic arm of M&T Bank, launched the third phase of its Amplify Fund on October 3, 2024. This initiative is part of a $25 million philanthropic investment stemming from the merger between People's United Bank and M&T Bank.
This new request for proposals seeks non-profit organizations focused on advancing financial inclusion and spurring economic growth and prosperity. The program specifically targets low- and moderate-income communities and underrepresented populations in Connecticut, Massachusetts, Vermont, New Hampshire, Southern Maine, Long Island, and New York's Westchester County.
To date, over $20.1 million has been invested through the Amplify Fund's previous phases. The grants in Phase III will provide funding for up to three years to organizations working on improving financial health, wealth building, and eliminating barriers to economic opportunity.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.