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M&T Bank donates $333,500 to Baltimore-area nonprofits

M&T Bank, one of the Baltimore area’s largest corporate givers, committed $333,500 in charitable donations, the majority of which is intended for more than a dozen nonprofit organizations helping Baltimore’s residents and businesses recover from the COVID-19 pandemic.

The bank’s contributions approved during its initial grant-making round of 2021 include:

  • $50,000 to the Associated Jewish Community Federation of Baltimore’s COVID-19 emergency food fund;
  • $50,000 to sponsor Coppin State University’s Our House mentoring program for incoming freshmen;
  • $35,000 to Mercy Medical Center in downtown Baltimore;
  • $30,000 to the Juvenile Diabetes Research Foundation (JDRF);
  • $25,000 to support the Downtown Partnership of Baltimore’s new Black-Owned and Operated Storefront Tenancy (BOOST) program; and,
  • $10,000 to GreenLight Fund, which supports organizations that address urban issues affecting primarily low-income families and children in education, youth development, workforce development, and health care.

M&T’s latest donations come after the bank contributed more than $3.5 million to about 240 nonprofit partners in greater Baltimore last year. Like much of the money donated by M&T in 2020, most of the funds allocated this round also target programs providing basic living and health care needs, education, job training and financial relief from hardships brought on by the pandemic.

One of those efforts is the Downtown Partnership of Baltimore’s BOOST program. Launched in February 2020, BOOST will provide build-out grants, technical assistance, marketing support, and other important business services to five creative, black-owned small businesses that move into vacant storefronts in downtown Baltimore. M&T’s $25,000 contribution will help cover the cost of the grants intended to spur economic activity in the city’s most densely populated neighborhoods.

The bank’s $10,000 donation to the GreenLight Fund addresses needed support for children and families living in poverty in Baltimore City. The fund works with other nonprofit organizations to create a sustainable approach to address the critical needs of low-income communities in urban areas. The GreenLight Fund, which launched in Boston 15 years ago and operates in eight other U.S. cities, is raising money to get underway in Baltimore.

As part of this month’s funding, M&T also allocated $75,000 for Baltimore’s arts and entertainment sectors — two industries that have suffered devastating losses because of the pandemic. The bank is contributing $30,000 to the Producers Club of Maryland for the 2021 Maryland Film Festival, $25,000 for the Maryland School for the Arts, and $10,000 to both the Baltimore Museum of Industry and Maryland Science Center.

M&T also donated $30,000 to this year’s Maryland SPCA of Baltimore’s Virtual Festival for the Animals.

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