The effort to support coronavirus relief for nonprofits in Central New York and the Mohawk Valley is getting a boost. M&T Bank (NYSE: MTB) is donating a total of $150,000 to both the Mohawk Valley COVID-19 Response Fund and the Central New York COVID-19 Community Support Fund. The charitable investments will “bolster” the two regional […]
The effort to support coronavirus relief for nonprofits in Central New York and the Mohawk Valley is getting a boost.
M&T Bank (NYSE: MTB) is donating a total of $150,000 to both the Mohawk Valley COVID-19 Response Fund and the Central New York COVID-19 Community Support Fund.
The charitable investments will “bolster” the two regional funds, which were launched to address the local impact of the global outbreak. Both funds are designed to “rapidly deploy resources” to nonprofit organizations that are addressing human-services needs in communities “significantly” impacted by the pandemic.
The regional organizations overseeing the funds are encouraging community members with the ability to give to consider making a donation online. To help in the Mohawk Valley, visit mvcovidfund.com. To help in Central New York, visit cnycf.org/covid19.
Mohawk Valley
Through the M&T Bank/Partners Trust Charitable Fund (MTPT), M&T will provide $100,000 to the Mohawk Valley COVID-19 Response Fund. The Community Foundation of Herkimer and Oneida Counties and the United Way of the Valley and Greater Utica Area launched the fund.
M&T established the MTPT Fund — a donor-advised fund of the Community Foundation — to provide “sustained support” for Mohawk Valley causes and organizations after it acquired Partners Trust in 2007. As one of the “most active” funds of the Community Foundation of Herkimer & Oneida Counties, the MTPT has granted more than $3.2 million to organizations in the two counties addressing a wide range of community needs since the fund was established in 2007.
“When we launched the M&T Bank/Partners Trust Charitable Fund, we envisioned it being there to help our community quickly respond to moments of great need,” David Manzelmann, M&T Bank Utica market president, said. “Never could we foresee the public-health crisis we’re experiencing now, but we’re grateful this funding is available to help our neighbors in need.”
Central New York
Additionally, M&T will donate $50,000 through the M&T Bank Charitable Foundation to support the Central New York COVID-19 Community Support Fund. The Central New York Community Foundation — in partnership with the City of Syracuse, Onondaga County, Allyn Family Foundation, and United Way of Central New York — started the fund.
“Nonprofits are going above and beyond to serve the physical health, mental health and economic needs of people in our community. However, they’re not immune to this crisis — they are facing their own challenges. M&T Bank understands the needs in our community, and we’re grateful they have stepped up to help,” Peter Dunn, president and CEO of the Central New York Community Foundation, said.