United Bank Foundation Connecticut Inc

Organization Overview

United Bank Foundation Connecticut Inc is located in Vernon, CT. The organization was established in 2007. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Bank Foundation Connecticut Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, United Bank Foundation Connecticut Inc generated $930.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $209.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, United Bank Foundation Connecticut Inc has awarded 608 individual grants totaling $2,366,125. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $418,492
Net Rental Income$0
Net Gain on Sale of Assets $512,315
Capital Gain Net Income $512,315
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $930,807

Grants Awarded

Over the last fiscal year, United Bank Foundation Connecticut Inc has awarded $143,900 in support to 36 organizations.

Grant RecipientAmount

ASNUNTUCK COMMUNITY COLLEGE

PURPOSE: ENDOWED SCHOLARSHIP

$10,000

ALLIED REHABILITATION CENTERS INC

PURPOSE: SPORTS/RECREATION PROGRAM

$10,000

MANCHESTER COMMUNITY COLLEGE FOUNDATION

PURPOSE: ENDOWED SCHOLARSHIP

$10,000

NETWORK AGAINST DOMESTIC ABUSE

PURPOSE: ABUSE PREVENTION EDUCATION

$10,000

UCONN

PURPOSE: ACADEMIC SCHOLARSHIP

$5,000

BENTLEY UNIVERSITY

PURPOSE: ACADEMIC SCHOLARSHIP

$5,000
View Grant Profile

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