Established in 1998, the Ion Bank Foundation has made a difference in the communities it serves through its support of a variety of causes. The Foundation began with a $2 million contribution by the Bank and has since grown, through earnings and additional contributions, to over $6.0 million in assets.
Ion Bank and the Ion Bank Foundation proudly support our area hospitals – Waterbury Hospital, St. Mary’s Hospital, Griffin Hospital and MidState Medical Center.
We also contribute to many community driven efforts specifically in economic development, human services, education and the arts.
Over the last decade, cumulative grants for purposes ranging from improving social services to enhancing the arts have exceeded $4 million. It is the goal of the Foundation to give approximately 5% of the Foundation’s monies each year to non-profit organizations involved in enriching the lives of people who live in the local communities.
Where there is a need, the Foundation will try to fill it. Through our grant application program, we feel we are able to identify the charities and non-profit organizations that can do the most good. The vision for the Foundation is to build a legacy of good works and to preserve funds to continue those good works in perpetuity.