FOR IMMEDIATE RELEASE
August 28, 2017
|Liberty Bank Foundation|
CAPITAL FOR CHANGE AMONG NINE FINALISTS
IN $20,000 GRANT COMPETITION
HARTFORD, CT - Liberty Bank Foundation has announced nine finalists, from an initial field of 82 entrants, that will be competing for three $20,000 grants in three categories. Capital for Change, a Hartford-based Statewide affordable housing lender, is among the finalists. It will be competing against two other organizations in the ‘affordable housing’ category: Columbus House, and Habitat for Humanity of CT’s ReStore.
“It’s not very often that we have the pleasure of making grants of this size,” said Liberty Bank President & CEO Chandler J. Howard. The three grants, totaling $60,000, will be awarded at the foundation’s 20th anniversary celebration on October 3. “Given the milestone in our history, we wanted to do something special for the communities we serve.”
“Capital for Change is honored to have been selected as one of nine Liberty grant finalists. Our organization relies on great partners like Liberty to be able to provide financing for affordable housing, energy efficiency and job creation projects. The Liberty grant would help us launch our campaign to engage new local investors. This new capital will allow us to broaden our impact to meet our mission of investing in a strong future of opportunity for all of Connecticut’s residents. Please watch our video to learn more about us and the opportunity to invest locally.” added C4C President Calvin Vinal.
The winner in each category – affordable housing, basic needs, and education that leads to economic success – will be selected by public voting. The public is invited to sign onto libertybankfoundation.org beginning today to watch the finalists’ videos, which explain each agency’s project and how they would put the funds to work. From September 5 to 15, the public is invited to vote (up to once per day) for their favorite organization in each of the three categories.
Sue Murphy, Liberty Bank Foundation executive director, said, “Our goal with this competition was not only to fund some great ideas, but also to call attention to the wonderful work our nonprofit partners are doing in our communities.” She suggests that voters visiting the website take an extra minute to view videos from the 74 other agencies not making it to the finals. “Every one of these agencies deserves support. They’re all addressing critical needs for our most vulnerable neighbors.”
Finalists for the 20th anniversary grants in the other categories are:
Education for Economic Success:
- New Haven Works
- Windham Regional Community Council
- Connecticut Veterans Legal Center
- Valley United Way
- Windham No Freeze Project
Celebrating its 20th anniversary this year, the Liberty Bank Foundation has awarded over $10 million in grants to nonprofit organizations within Liberty Bank’s market area since its inception. The foundation seeks to improve the quality of life for people of low or moderate income by investing in three areas: education to promote economic success for children and families; affordable housing; and basic human needs, such as food and shelter. Along with its grantmaking, the foundation strives to foster the convening and collaboration of nonprofits, funders, business, and government to address community issues.
Capital for Change (C4C) is Connecticut’s largest full-service nonprofit Community Development Financial Institution. We aim to create an inclusive economy and a sustainable future by broadening access to affordable housing, energy efficiency and job opportunities for underserved communities and the families that call them home. We accomplish our work through targeted lending and investment that helps nonprofits, small businesses, and individuals across the state join the economic mainstream.