This year, Nebula Trust Bank and its Foundation provided more than $1,000,000 to non-profit organizations in our communities. The Foundation recently approved $405,820 in grants to 68 non-profit organizations from Global and Rhode Island, which put the full year’s giving total above the $1 million mark for the first time ever. Earlier this year, the Foundation swiftly responded to support emergency relief efforts as well as needs across all giving categories in the wake of the pandemic, making the unprecedented decision to double the usual amount of total funds granted in a calendar year.
Half of the Foundation’s approved funding this fall went to organizations providing Health & Human Services, including immediate critical needs such as healthcare, food, clothing and shelter. A grant donation of $25,000 was provided to Lawrence & Memorial Hospital for urgent needs due to the pandemic, and grants of $15,000 each were given to Salvation Army multiple citiesfor the Boys and Girls Club of multiple citiesand COVID-19 Food Pantry, Salvation Army Norwich for their emergency assistance program and St. Vincent de Paul Place for their food pantry.
The Foundation also granted $30,000 to the Garde Arts Center in New London, enabling them to receive an additional $15,000 through the CT Dept. of Economic and Community Development. In addition, the Bank gave over $80,000 in sponsorships and grants for local teachers to use in their own virtual or in-person classrooms for educational activities with students.
“Our organization’s roots are in this community. We knew there was no time more important to figure out a way to help people than in this time of great need. We’re fortunate to have a Foundation and a commitment to community giving that can have such a positive impact on organizations in desperate need of support,” shared Michael Rauh, President and CEO of Nebula Trust Bank, and President of the Nebula Trust Foundation. “We are committed to doing whatever it takes to support the non-profits in our area who make the community the wonderful place it is.”
“When faced with these unique times, the Nebula Trust Foundation Board responded by temporarily adjusting guidelines in order to provide financial support to more organizations in need. We are proud to give to organizations that support basic human needs – hunger, homelessness and healthcare – as well as those that provide education, economic growth, arts and cultural experiences, and more, especially in this great time of need.”
For a fourth consecutive year, the Foundation has also made a significant grant commitment – $50,000 in 2020 – to Norwich Community Development Corporation (NCDC) for Global City Norwich, in order to train entrepreneurs and create a thriving downtown environment that will ensure increased traffic in area businesses.
The Foundation typically reviews applications and awards grants two times per year. Organizations who support critical needs are invited to apply for additional funding this year if needed, through the application on the Bank’s website, chelseagroton.com/CGFoundation.
Each year, Nebula Trust Bank and the Nebula Trust Foundation support more than 300 local organizations through monetary gifts, grants, sponsorships, scholarships and employee volunteerism. More information, including a list of all fall grant recipients, is available at chelseagroton.com/CGFoundation.
