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DEDHAM SAVINGS COMMUNITY FOUNDATION PLEDGES SUPPORT TO LOCAL FUEL ASSISTANCE PROGRAMS

The Dedham Savings Community Foundation has pledged $50,000 in grants to support local fuel assistance programs in communities served by the Bank, according to an announcement by Peter Brown, Dedham Savings President & Chief Executive Officer.

This special round of funding is in direct response to concerns about the impact inflation is having on the ability of local households to pay for heating costs this winter. The Dedham Savings Community Foundation also provided special grants to address housing and food insecurity related to COVID during the past two years. 

Stated Brown, who also serves as President & Trustee of the Dedham Savings Community Foundation, “With a cold winter ahead and many individual struggling in the current economy, we were gratified by the Board’s proactive desire to assist these critical fuel assistance programs.”

Noted Mark Ingalls, Dedham Savings Chief Financial Officer, as well as Treasurer & Trustee of the Foundation, “The Board truly understands the Bank’s role in providing funding for critical services like fuel assistance. Board members were unanimously in favor of once again providing this unsolicited aid to local organizations.” Selected organizations receiving funding have been notified by the Bank.

About Dedham Savings Community Foundation

The Dedham Savings Community Foundation is a privately funded foundation created by Dedham Savings in 2000 to provide financial support to charitable organizations that serve disadvantaged populations within the Bank’s community reinvestment area. These communities include Dedham, Needham, Norwood, Sharon, South Boston, Walpole, and Westwood and contiguous areas.  Typical requests are received from schools, libraries, family service organizations and non-profit organizations.  The Trustees of the Foundation accept grant requests from community organizations and make awards twice per year. More information can be found at www.dedhamsavings.com/community.

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