Dedham Savings Community Foundation Pledges Support to Local Fuel Assistance Programs
The Dedham Savings Community Foundation has pledged $50,000 in grants to support local fuel assistance programs in communities served by the Bank, according to an announcement by Peter Brown, Dedham Savings President & Chief Executive Officer.
This special round of funding is in direct response to concerns about the impact inflation is having on the ability of local households to pay for heating costs this winter. The Dedham Savings Community Foundation has provided similar grants over the past several years to address areas of specific need like housing and food insecurity.
Stated Brown, who also serves as President & Trustee of the Dedham Savings Community Foundation, “With a cold winter ahead and many individual struggling in the current economy, we were pleased with the Board’s proactive desire to assist these critical fuel assistance programs.”
Noted Mark Ingalls, Dedham Savings Chief Financial Officer, as well as Treasurer & Trustee of the Foundation, “The Board truly understands the Bank’s role in providing funding for critical services like fuel assistance. Board members were unanimously in favor of once again providing this unsolicited aid to local organizations.”
Selected organizations receiving funding have been notified by the Bank.
ABOUT DEDHAM SAVINGS COMMUNITY FOUNDATION
The Dedham Savings Community Foundation is a privately funded foundation created by Dedham Savings to provide financial support to charitable organizations that serve disadvantaged populations within the Bank’s community reinvestment area.
These communities include Dedham, Needham, Norwood, Sharon, South Boston, Walpole, Westwood, and contiguous areas. Typical requests are received from schools, libraries, family service organizations and non-profit organizations. The Trustees of the Foundation accept grant requests from community organizations and make awards twice per year. Organizations wishing to request funding from the Foundation may apply online at www.dedhamsavings.com/community.
ABOUT DEDHAM SAVINGS
Incorporated in 1831, Dedham Savings is one of the oldest banks in Massachusetts still doing business under its original charter. The Bank delivers technology-driven solutions in a client-centric way to promote the financial success of the individuals, families, businesses, and non-profit organizations in the communities it serves. Dedham Savings manages $2.3 billion in assets through full-service locations and loan offices in Dedham, Needham, Norwood, Sharon, South Boston, Walpole, and Westwood, Massachusetts. Dedham Savings is Member FDIC, Member DIF, and an Equal Housing Lender.