M&T Launches Second Phase of Nonprofit Grants
M&T Bank is launching a second phase of grants to help support nonprofit initiatives.
The bank announced a request for proposals for the next round of its Amplify Fund through the M&T Charitable Foundation.
The fund is a $25 million investment program providing grants to nonprofit organizations in New England and Metro New York.
“The Amplify Fund provides targeted investments that are equitable, accessible, and responsive to local needs,” said M&T Charitable Foundation executive director Dominique Goss.
In the first phase of funding, M&T awarded $11.8 million in grants to 105 non-profit organizations in the region.
With the second phase, M&T is looking for nonprofit collaboratives focused on advancing equity using a racial equity and social justice lens to help low- and moderate-income communities and underrepresented populations.
The grants will provide funding for up to three years for collaboratives working to solve a specific social problem in one of four areas:
- Family stability
- Income and wealth equity
- Workforce development
- Health equity
M&T is targeting initiatives that address issues including affordable housing, food security, childcare, small business development, financial empowerment, and education and training opportunities.
The foundation will give special consideration for initiatives that provide opportunities to enable upward mobility, close the racial wealth gap, and address economic and other barriers for underrepresented populations.
Organizations are urged to articulate the needs to be addressed, with proven strategies in place to respond to those needs.
“It is our hope that these grants will create a sustainable impact in local communities,” said Goss.
“M&T is proud to support the important work of advancing equity for historically excluded groups, and we encourage all interested nonprofits to apply.”
RFPs for the second phase of the Amplify Fund are due by 5 pm Friday, Oct. 6 and can be submitted online with the passcode AF-AEC.
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