About Dime Bank Foundation
Dime Bank Foundation appears to be a locally-focused corporate foundation that makes sizable, targeted gifts rather than many small awards. In the available year it made a single large contribution ($339,608) described only as an "Exempt Purpose," suggesting support for a specific community institution or a capital/capacity need in its service area (Norwich/CT). With only one recorded grant, there is limited visibility into issue-area preferences beyond a propensity for concentrated, high-dollar support.
Focus Areas
Local community development and civic institutions in Norwich / New London CountyCapital projects or one-time capacity-building grants for nonprofitsFinancial literacy or banking-related community programs (typical for bank foundations)Support for locally significant charitable organizations (schools, health clinics, or community centers)
Who They Fund
not_specified
Giving Approach
Concentrated, high-dollar single grants rather than many small awards; appears to fund one-off or targeted projects (likely local), with no evidence of a broad or diversified portfolio or recurring multi-year commitments in the available data.
About Dime Bank Foundation
A single 2025 contribution of $339,608, labeled “Exempt Purpose,” stands out in the recent record for Dime Bank Foundation Inc. That one large payment points to a funder that can make concentrated commitments alongside its smaller, repeated community grants. The foundation’s program materials say it funds nonprofit organizations and eligible governmental units that serve residents in specified Connecticut and Rhode Island communities, with priorities around affordable housing, basic human services, education, job training, literacy, collaborative efforts, and support for at-risk or underserved children and families. The recent grants list shows a strong local orientation in Connecticut and nearby Rhode Island. Operation Fuel received $25,000 in 2024, while Hockanum Valley Community Council received $10,000 the same year. Other named recipients include Community Foundation of Eastern Ct, The Furniture Bank of Southeastern Ct Inc, St Vincent De Paul Place Norwich Inc, and Reliance Health. Together, these grants suggest a foundation that supports practical community services and locally rooted institutions rather than a broad national portfolio. The grant program is also described as competitive and open to unsolicited requests, which fits the mix of recurring awards and targeted support seen in the record.
What Dime Bank Foundation Funds
Affordable housing and basic needs are central to the foundation’s stated grant program. In the recent grants, Operation Fuel received $25,000 in 2024, and New London Community Meal Center received $7,000 in 2024, both aligning with support for households facing immediate strain. Education, job training, and literacy also appear in the program priorities. Hockanum Valley Community Council received $10,000 in 2024, and New London Youth Affairs received $6,000 in both 2023 and 2024, indicating support for youth-serving and community-based programs. The foundation also backs housing stability and material assistance work. The Furniture Bank of Southeastern Ct Inc received $8,000 in 2024, and Rebuilding Together of Manchester received $5,000 in 2024. Those grants fit a pattern of practical, place-based help for residents in the communities it serves.
How Dime Bank Foundation Gives
Typical grants cluster in the low-thousands: p25 is $2,500, the median is $3,550, and p75 is $5,000. The recent list also shows a much larger one-time $339,608 contribution, so the foundation gives both routine program grants and a smaller number of concentrated payments. Repeated awards appear across years to several recipients, including Operation Warm, Operation Fuel, New London Homeless Hospitality Center, Chrysalis Center, and New London Youth Affairs. The foundation runs a competitive grant program and accepts unsolicited requests. Its materials describe grants to nonprofit organizations and eligible governmental units.
Financial Snapshot
Annual Giving
$301K
Total Assets
$7.5M
Total Revenue
$251K
Total Expenses
$307K
Typical Grant Size
Most grants fall between $3K and $5K, with a median of $4K.
25th Percentile
$3K
Median
$4K
75th Percentile
$5K
Geographic Reach
Local4 states funded
Funding intensity
LowHigh
Headquarters
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