Restricted Fund
April 15, 2024
Ascend Bank Charitable Fund for Branford
In 2014, the Ascend Bank Charitable Fund for Branford—originally established as the Guilford Savings Bank Scholarship Fund—was created to support Branford High School seniors pursuing higher education. Over time, the fund has evolved to address the broader and changing needs of the Branford community.
Today, the fund supports grants for low- to moderate-income individuals and families, broader community needs, and the operating expenses of The Branford Community Foundation, helping ensure the Foundation remains strong, responsive, and sustainable for the long term.
“Community investment is at the heart of who we are,” explained Kyle Eagleson, President & CEO of Ascend Bank. “Our partnership with The Branford Community Foundation reflects our belief in local leadership, long-term stewardship, and the power of community foundations to make meaningful, lasting change.”
The fund reflects Ascend Bank’s deep and enduring commitment to local philanthropy. In addition to establishing charitable funds with The Branford Community Foundation and other community foundations, Ascend Bank partners with these organizations to support nonprofit fundraising and brand-building efforts through coordinated sponsorship funding.
“The fund established by Ascend Bank further strengthens our long-standing relationship,” added Liza Petra, Executive Director of The Branford Community Foundation. “It expands our ability to better Branford today, while ensuring lasting impact for generations to come.”
“Partnering with The Branford Community Foundation through this charitable fund allows us to support our neighbors in meaningful ways. From helping low- to moderate-income individuals and families to addressing broader community needs, this fund ensures local organizations have the resources and stability they need to continue serving Branford today and into the future”, said Shalonta Ford, SVP, Director of Community Engagement.
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