10/21/2024 | Press release | Archived content
"As a community bank, our mission is to help strengthen communities across Rhode Island and Connecticut. These grants reflect our dedication to partnering with local nonprofits that work tirelessly to address community needs and life-changing work," Paola Fernandez, SVP, Community Development Officer at Centreville Bank. "We are honored to play a role in helping address critical needs, strengthen our neighborhoods and empower individuals and families to thrive."
Local Return is one of the Rhode Island non-profits receiving awards. Local Return is a newly created organization with the goal of building community wealth in Rhode Island through local ownership and investment in real estate projects and related ventures, particularly in neighborhoods that have experienced disinvestment. The funds will be usedto help launch a pilot program in Providence.
"Thanks to this grant from the Centreville Bank Charitable Foundation, Local Return will bring the Jumpstart real estate development education, training, and networking program to Providence in 2025, aligned with Rhode Island's first-ever community investment fund. Real estate development is an important strategy for people who have been shut out of traditional wealth-building opportunities," said Jessica David, Co-Founder and President, Local Return.
"This grant will help us to ensure that local residents own and benefit from development of neighborhoods assets."
Community Health Resources is one of seven Connecticut non-profits receiving awards. President and CEO Heather Gates says this will support women who have completed the organization's intensive treatment for substance use disorders continue their recovery and wellness journeys.
"We are so grateful to the Centreville Bank Charitable Foundation for their continued support for individuals receiving life-saving care through CHR's programs in northeastern CT. This funding will help individuals and families who are rebuilding their lives and need vital assistance with housing, food, clothing, and other support," said Heather Gates, President and CEO of non-profit behavioral healthcare provider Community Health Resources (CHR), which has offices in Danielson and Putnam. "Continued support from Centreville Bank will go far to help individuals and families in need. We are deeply appreciative. Centreville Bank is a wonderful neighbor!"
The Centreville Bank Charitable Foundation was established as a non-profit charitable organization in 2008 by the Board of Trustees to further the philanthropic mission of Centreville Bank. The Foundation strives to support local community-based organizations tackling the most significant challenges and helping meet the needs of underserved populations throughout Connecticut and Rhode Island. Grants are considered quarterly focusing on the following priority areas: education success, economic security, and capacity building.
Rhode Island organizations receiving third quarter grants:
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About The Centreville Bank Charitable Foundation
The Centreville Bank Charitable Foundation was established as a nonprofit, charitable organization in 2008 by the Board of Trustees to further the philanthropic mission of Centreville Bank. The Foundation strives to support local community-based organizations tackling the most significant challenges and helping to meet the needs of underserved populations throughout Connecticut and Rhode Island. Grants are considered on a quarterly
basis focusing on the following priority areas: education success, economic security, and capacity building. For more information, please visit www.centrevillebank.com/Community .
About Centreville Bank
Founded in 1828 and headquartered in West Warwick, Rhode Island, Centreville Bank is a full-service mutual bank with over $2 billion in assets and 21 locations throughout Rhode Island and eastern Connecticut. Centreville understands the unique financial needs of individuals, families and businesses and offers a wide range of personal banking and commercial banking products and services including checking accounts, savings accounts, CDs, money market accounts, mortgages, business loans and more. Centreville is committed to its employees and the communities it serves, always striving to help people make progress and achieve their financial goals. That is progress on purpose. Visit centrevillebank.com , follow us on Facebook , LinkedIn and Instagram , or come into a branch or office to learn more.