The SI Financial Group Foundation, Inc. was established in 2005 by SI Financial Group, Inc., the parent company of the Savings Institute Bank & Trust Co. in Willimantic, CT. These causes we support are selected based on several criteria, including their ability to enhance the quality of life for the constituencies they serve.
In September 2013, Savings Institute Bank & Trust acquired NewportFed and the NewportFed Charitable Foundation became a completely independent organization. Contact the NewportFed Charitable Foundation to obtain more information or submit a grant request.
Eligibility & Restrictions
Federally recognized, under Section 501(c)(3) of the Internal Revenue Code, organizations and most charitable, educational and civic institutions serving the Communities where we do business are eligible for our grants. In general, organizations that are funded by taxpayers are a lower priority, although special projects and programs facilitated by nonprofit organizations working within municipalities are considered. In some cases, with the SIFG Foundation’s prior approval, nonprofit organizations that do not have a tax-exempt letter may submit a proposal under a sponsoring tax-exempt organization that will assume expenditure responsibility for the duration of the project. The applying organization must provide the SIFG Foundation with the sponsoring organization’s tax exempt letter and its written assurance that it will oversee the project.
Generally, no grants will be awarded to individuals; political or fraternal organizations; religious institutions (unless the program benefits the community at large); political or lobbying activities. In most cases, support is given for a period of one year, and organizations must reapply for a grant each year they wish to be considered for additional support.
View Grant Guidelines
Our first priority is to improve life in the CT and RI communities served by Savings Institute Bank & Trust. We are proud to support nonprofit organizations that provide the following:
- Community development via affordable housing, job training and programs that assist the economically disadvantaged
- Basic human services and health programs for those considered at risk or in need
- Educational projects that expand learning beyond the classroom and increase literacy
- Cultural and artistic enrichment programs that build audiences for the arts, especially among underserved populations
- Environmental projects that help preserve, protect and revitalize our natural resources
Like most foundations, we receive far more requests for support than we can approve. We encourage all agencies, whether they receive a grant or not, to keep us informed of their activities. This proves to be very helpful for future reviews and considerations for grant dollars.
Please call the Foundation at (860) 456-6509 to discuss any questions related to your request.
Recent Grant Recipients
- Catholic Charities, Diocese of Norwich - Basic Needs/Case Management Program
- Covenant Shelter of New London, Inc. – Partially Funded Housing First Mandates
- Covenant Soup Kitchen – Meals Program
- Covenant to Care for Children – Basic Human needs Eastern CT Community Gardens Assoc. – Community Garden Project
- Fairview Odd Fellows - Memory Care/Rehabilitation Project
- Habitat for Humanity of ECT Killingly – Housing Rehabilitation Program
- Higher Edge – College Admissions Program
- Junior Achievement of SW New England, Inc. – Financial Literacy Program
- Little Sisters of the Poor/St. Joseph’s Residence – Roof Repairs
- Malta, Inc. – Outreach Program
- Martin House, Inc. – Adult Educations/Employment Supports Program
- Mystic Area Shelter & Hospitality, Inc – Shelter Diversion/Homelessness Prevention Program
- Norman Bird Sanctuary – Camp Scholarship Project
- Norwich Safety Net Team – Pharmacy/Utility/Job Related Incidentals
- Oak Grove Montessori Elementary & Preschool – Greenhouse Community Service Program
- Operation Fuel – Emergency Energy Assistance
- Safe Futures – Norwich Domestic Violence Response Team
- Thames River Community Service – Child Development Programming
- Thames Valley Council for Community Action – Multi-Purpose Emergency Client Assistant Fund
- The Light House Voc-Ed Center – Books & Literacy Materials
- VNS of Newport/Bristol Counties – Maternal Child Health Program
- Windham Region No Freeze Project - Shelter Program
- Windham Regional Community Council – Windham Youth Food Network