Press Release

Savings Bank of Danbury Foundation awards $190,075 to 73 agencies throughout Connecticut; over $1.7 million awarded since 2004

DANBURY, CT, ISSUED APRIL 10, 2019…The Savings Bank of Danbury Foundation has awarded a total of $190,075 to 73 different non-profit agencies throughout Connecticut, as part of an annual tradition first established in 2004.

This year’s total represents an increase of 6% in contributions over the previous year. The Savings Bank of Danbury Foundation (SBD Foundation) is administered by a committee of Savings Bank of Danbury Corporators, directors and bank officers.

The Foundation has awarded more than $1.7 million to local non-profit organizations making a positive difference in our communities.  The grants help support agencies in the areas of Affordable Housing, Arts and Culture, Community Service and Economic Development, Education and Health and Human Service.

“As a community bank, it is important for us to do more than provide quality banking services, we must also be good neighbors and citizens and give back to the communities we serve,” stated Martin G. Morgado, President and CEO of Savings Bank of Danbury. “At Savings Bank of Danbury we have always put a strong emphasis on community service, team building and cultural activities that promote a positive work environment inside and outside of the Bank.”

 A complete list of SBD Foundation grants may be viewed at the Bank’s website

The Foundation Grants Committee meets once a year to review requests. Awards are made to eligible 501(c)(3) tax-exempt organizations. The 2019 Foundation Grant Application will be available in the summer of 2019. Any organization interested in being considered should review the application's checklist and include all of the elements listed on the application.

About Savings Bank of Danbury

Established in 1849 and headquartered at 220 Main Street, Danbury, Savings Bank of Danbury is a mutual savings bank with assets in excess of $1 billion.  Savings Bank of Danbury has 15 branch offices in Bethel, Brookfield, Danbury, New Fairfield, New Milford, Newtown, Southbury, Stamford, and Waterbury, as well as lending offices in Farmington, Simsbury, Wallingford, and West Hartford.  Stamford Mortgage Company, a wholly owned subsidiary, has a local office on Summer Street in Stamford.  Savings Bank of Danbury is committed to serving their community.