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M&T Charitable Foundation
Buffalo, NY · EIN 161448017 · Form 990PF · FY2024 · Large ($10M-$50M)
revenue
$18.8M
expenses
$669K
net assets
$181.2M
employees
—
profile · synthesized from sources

M&T Charitable Foundation is a corporate foundation affiliated with M&T Bank that strengthens communities through grantmaking. It supports civic, cultural, health, and human service organizations, with a focus on initiatives in Western New York. The foundation also funds the Buffalo Promise Neighborhood, a long-term collaboration to empower schools, students, and families.

named programs · 1 · from sources

What they call their work

Buffalo Promise Neighborhood
A long-term collaboration between M&T Bank and the community to empower schools, students, and families through targeted grants and community investments.
activities · 2 groups

What they do

  • General Operating Support Grants 1 activity
    • Funding civic, cultural, health, and human service organizations
      Funds civic, cultural, health, and human service organizations to strengthen communities. This grantmaking activity supports a broad range of nonprofit initiatives across key sectors.
  • Flexible Grants to Grassroots Organizations 1 activity
    • Funding the Buffalo Promise Neighborhood initiative
      Supports the Buffalo Promise Neighborhood initiative through grantmaking to empower schools, students, and families via long-term community collaboration. This initiative focuses on educational and community development outcomes in Buffalo.
financials · form 990PF · fy2024
revenue
Total revenue$18.82M
Contributions & grants$13.36M71%
Program service revenue——
Investment income$5.37M29%
Other revenue$92K
expenses
Total expenses$669K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$48.04M
balance sheet
Total assets$182.22M
Cash—
Investments—
Liabilities—
Net assets$181.19M
4 years on record · 2020–2024 · YoY revenue -11.8%
relationships · 1

Who they work with

  • Buffalo Promise Neighborhood Partner — Long-term collaboration with M&T Bank to empower schools, students, and families.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Community-Strengthening Through Diversified Grantmaking
    methodology: community_strengthening
    By funding a diverse range of civic, cultural, health, and human service organizations, we strengthen communities because broad-based investment addresses interconnected needs and builds resilient local ecosystems.
  • Long-Term Community Collaboration for Educational Empowerment
    methodology: long_term_collaboration
    By engaging in long-term collaborations with communities, we empower schools, students, and families because sustained partnerships enable trust, shared ownership, and context-specific solutions that drive lasting educational outcomes.