New Initiative Celebrates the M&T Charitable Foundation’s 30th Anniversary
Local Awardee: A Tiny Home for Good (Central New York)
Buffalo, N.Y. – The M&T Charitable Foundation, the philanthropic arm of M&T Bank (NYSE:MTB), announced $900,000 in grants to commemorate its 30th anniversary. Through the 30 & 30 Giving Initiative, 30 organizations throughout the company’s footprint received $30,000 to support their efforts to build and develop affordable housing and to fight homelessness in underserved, low- to moderate-income communities.
Founded in 1993, the M&T Charitable Foundation works in partnership with nonprofit organizations that focus on improving the quality of life for the bank’s customers, employees, and neighbors. Awarding nearly $40 million in grants each year, the Foundation has given more than $534 million to thousands of nonprofit organizations throughout its 30-year existence.
“Since its beginning, the foundation’s reach and impact have been expansive, profound, and lasting,” said Dominique Goss, Executive Director of the M&T Charitable Foundation. “The 30 & 30 Giving Initiative is a sign of what’s to come for the next 30 years and reflects our commitment to tackling critical issues like affordable housing and supporting efforts to provide families the ability to live and thrive in the communities we serve.”
More than 90 different organizations were nominated by teams in each of the company’s regions. To finalize the 30 recipient organizations and distribute the funding, the Foundation collaborated with OutcomesX, a first-of-its-kind social outcomes market that leverages Impact Genome Registry’s (IGR) impact standard to bring transparency and equity to the social sector.
“OutcomesX recognizes that funding is a means to an end, not the end itself,” said Phyllis Kurlander Costanza, President and Co-Founder. “Our commitment to leveling the playing field for all social impact organizations and rewarding non-profits based on the quality of their impact, rather than their fundraising connections made supporting the M&T Charitable Foundation on the 30 & 30 Giving Initiative a natural partnership.”
To execute the initiative, nominated organizations were asked to register their program with IGR to ensure it met the Foundation’s criteria. Using the standardized information, M&T employees in each region voted for their charity of choice, assisting in the selection of the 30 grant-recipient organizations.
The finalist organizations were then required to verify their impact with the IGR. This process enabled the Foundation to understand the actual social impact that each organization and grant had on the communities they serve. Each $30,000 grant is unrestricted so that resources can be allocated where they are needed most, enabling the organizations to address evolving community needs and challenges. Click Here for a full list of grant recipients and their locations.
Local Awardee: A Tiny Home for Good (Central New York)
A Tiny Home for Good (Central New York)
A Tiny Home for Good’s Permanent Supportive Housing Program is for homeless individuals and families in Syracuse, NY. Tenants qualify for housing with A Tiny Home for Good (ATHG) once they are documented in the local coordinated entry system. A Tiny Home for Good maintains ownership of its properties allowing for its 32 units to be maintained as permanently affordable rentals by a responsive landlord. Tenants receive personalized support for the duration of their time in ATHG housing and their is no limit on length of stay.
