M&T Charitable Foundation seeks proposals in final round of $25M fund

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The M&T Charitable Foundation, the philanthropic arm of M&T Bank, is seeking proposals in the final round of its $25 million Amplify Fund.

The fund provides support to nonprofit initiatives in what’s considered “legacy People’s United communities” that benefit low- and moderate-income communities and underrepresented populations.

The foundation’s new request for proposals seeks nonprofits that are focused on advancing financial inclusion and spurring economic growth and prosperity, with a particular focus on racial and social justice on Long Island as well as in Westchester County, Connecticut, Massachusetts, Vermont, New Hampshire and Southern Maine.

“With this third and final request for proposals, the M&T Charitable Foundation will continue to seek opportunities that are equitable, accessible, and responsive to meeting local needs,” Karen Galbo, regional manager for the M&T Charitable Foundation in New England, said in a news release about the call for proposals.

“With more than $20.1 million invested to date, we are proud of the work of our nonprofit partners and the significant impact the Amplify Fund is having on our communities,” Galbo said. “We look forward to deepening our impact to ensure long term success and sustainability.”

The grants will provide funding for up to three years to nonprofit organizations that are centered around improving financial health and resiliency, wealth building and providing opportunities that are eliminating barriers, reducing income inequality, and paving sustainable economic pathways. Eligible initiatives should respond directly to documented needs, challenges and gaps that communities face in small business development, entrepreneurship and career growth; homeownership and improvement; and financial resilience.

Consideration will be given to nonprofit organizations working to close the racial wealth gap and creating a more inclusive and equitable economy, leading to more secure, stable and prosperous lives, and economic growth and prosperity for marginalized and underrepresented populations, including low-to-moderate income and BIPOC (Black, indigenous, and other people of color) communities.

Applicant organizations that clearly articulate the needs to be addressed, with proven strategies in place to respond to those needs, will also receive consideration.

All RFPs under the final of the Amplify Fund are due by 5 p.m. on Thursday, Nov. 14, and can be submitted here with the passcode AF-FIP.