Dime Bank Foundation Grant

The Dime Bank Foundation Grant supports organizations that enhance community well-being, focusing on affordable housing, basic human services, and educational programs. Established in 1998, the foundation has three grant cycles annually, requiring a post-grant report within a year of funding. Eligible organizations must be tax-exempt and serve specified regions in Connecticut and Rhode Island. The foundation prioritizes projects that foster self-sufficiency and collaborative efforts for underserved populations.

We strive to improve the well-being and quality of life for members of our communities by funding organizations or programs that provide, strengthen, or enhance service to individuals.
The foundation has three grant cycles per year. The grant application can be downloaded here.A post-grant report is required within one year of receiving grant funding, and prior to submitting a new grant application.
Funding Priorities
Our funding priorities are focused on projects and organizations that support the following:
Affordable housingBasic human services for those considered most at-riskDevelopment/education, job training, or promotion of literacy, especially programs that encourage self-sufficiencyOpportunities for collaborative effortsServices to at-risk or under-served children, families or the elderly, with emphasis on low/moderate income levels

Eligibility

Grants are awarded to:Organizations that are recognized as exempt from federal income taxation under Section 501( c )(3) of the Internal Revenue Code and governmental units referred to in Section 170( c )(1) of the Internal Revenue Code.Organizations that serve the residents of New London County, the towns of Glastonbury and Manchester, CT, and the towns of Westerly, Hopkinton and Richmond, RI.

Ineligibility

Funding is generally not provided to fund-raising or capital campaigns; organizations that fund other organizations or foundations; political or fraternal organizations; religious institutions; parent-run organizations (such as Parent-Teacher Organizations or Little League)