The Northwest Community Bank Foundation was funded and organized January 1, 2022 by Northwest Community Bank and its Divisions, Collinsville Bank and Litchfield Bancorp, as a separate non-profit entity. The Foundation extends the bank’s contributions to non-profit agencies and organizations working to address the needs of the communities the bank serves.
The non-profit organizations that received grants in 2022 were invited to a special event – A Gratitude Gala – hosted by the Bank’s Foundation on January 10, 2023 at the American Mural Project in Winsted. Approximately 100 people, including representatives from various agencies and bank employees and board members attended the event in appreciation of the roles each plays in building up our local communities.
“In 2022 the new Foundation received 116 grant applications and awarded 66 grants totaling $425,000,” according to Foundation Board Chair Alan Colavecchio. “Beyond the financial support, our Gratitude Gala was held to express our appreciation in person to some of the people in the non-profit organizations who serve our communities with such dedication.”
Bank and Foundation President Stephen Reilly states that, “The services these organizations provide are critical to the vitality of our towns. Combined with the $300,000 donated through the Bank’s traditional Corporate Giving Program, the Bank contributed $725,000 to non-profit organizations last year. It continues our long history of community involvement and support. It’s who we are.”