Jewett City Savings Bank announced that four donations totaling $100,000 were made to local nonprofit organizations in support of their energy conservation projects.
- The Eliza Huntington Memorial Home of Norwich, Inc. received $20,000 towards the installation of new energy saving windows.
- St. Vincent de Paul Place Norwich, Inc. received $20,000 to assist with an HVAC installation as part of their energy efficiency project.
- United Services, Inc. received $50,000 to support solar energy upgrades for the Dayville clinic.
- Stonington Community Center, Inc. received $10,000 to support energy conservation efforts.
“Jewett City Savings Bank is dedicated to supporting the nonprofits in the communities we serve. Their energy conservation programs positively impact our neighbors, the environment, and the economy, and we are proud to support these initiatives,” said Michael Alberts, President and CEO of Jewett City Savings Bank.
These donations were made possible through Jewett City Savings Bank’s participation in the Connecticut Neighborhood Assistance Act (NAA) Tax Credit Program. This program allows certain organizations in Connecticut to make monetary contributions to municipal and tax-exempt entities for community programs, such as energy conservation projects, that have been approved by the Department of Revenue Services (DRS). In return for their contributions, these organizations may receive a business tax credit if approved by the DRS. By engaging in the NAA Tax Credit Program, organizations can direct their tax dollars to support important projects and initiatives in their communities.
