Charter Oak Federal Credit Union announced that its 2021 matching gift program has donated a total of $400,000 from the credit union and its members to 277 charities, such as food pantries and housing programs. .
The matching gift program has distributed nearly $2 million since its inception in 2016, the credit union said in a news release. The Credit Union matches all qualified donations its members make to nonprofit charities from August through November of each year. The program matched 880 member donations this year.
This is the fourth year in a row that the Charter Oak Board has doubled the initial commitment from “$100,000 in 100 days” to $200,000.
“The generosity of Charter Oak members is truly amazing, and once again they have shown how much they care about helping others – whether it’s providing funds to buy groceries for our local pantries or to provide a warm bed for those seeking shelter from the cold,” Charter Oak President and CEO Brian Orenstein said in the press release.
Recipients include New London Homeless Hospitality Center, Saint Vincent de Paul Place, Pawcatuck Neighborhood Center and Friends of Assisi Food Pantry.
Amy Kennedy, director of the Wheeler Library in North Stonington, noted earlier this month that the program provides nearly 10% of the library’s operating budget each fall and the library has received $14,850 this year.
She said the funds help engage children in storytime and other programs, support the purchase of large-print books for the visually impaired, and increase e-book and audiobook selections.