NSB Foundation holding community awards program


NAUGATUCK — The Naugatuck Savings Bank Foundation is conducting its 4th Annual Community Awards Program, which allows Naugatuck Savings Bank customers to decide how the foundation awards $50,000 in grant money to local nonprofit and charitable organizations.

“As a leading corporate citizen, we believe we have a responsibility to help the communities we live in by assisting nonprofit organizations meet their funding needs” stated Charles Boulier III, president and CEO of Naugatuck Savings Bank, in a statement. “We value the opinions of our customers so our Foundation wants them to help us determine what local organizations are most deserving of grant money.”

The program is open to each Naugatuck Savings Bank customer to cast one vote for any local nonprofit or charitable organization they would like to recommend to receive grant money. Customers can vote online at www.naugatucksavingsbank.com or in any of the bank’s branch offices. Voting is open through March 31. The votes will be tabulated in April and those organizations with the required 1 percent of total votes will receive a proportional share of the $50,000 with a maximum award of $5,000 per organization.  Also, there will be a special award of $500 to six randomly selected eligible organizations that receive less than the required 1 percent of the votes.

Last year the Foundation awarded grants to 35 local charities under this program.