BankNewport Highlights 2023 Community Investment

NEWPORT, R.I. (January 17, 2024) – BankNewport is pleased to announce that its 2023 philanthropic efforts resulted in over $1.6 million in giving and over 10,000 employee service hours throughout Rhode Island. The funding was inclusive of charitable grants, contributions, community event sponsorships and donations through its local Bank branches. Over 400 organizations were impacted by the Bank’s philanthropy in 2023, via monetary support, community, and board service, and/or financial education.

“Since our founding more than 200 years ago, BankNewport has been committed to supporting Rhode Island,” said Jack Murphy, President and CEO, BankNewport. “As we reflect on the past year, many of our neighbors continue to face difficulties. BankNewport is extremely proud to contribute to hundreds of nonprofits who work tirelessly to provide resources and care for those in need. The Bank’s impact was also revealed through the countless service hours performed by our incredible employees, sharing their time, expertise, and generous spirit throughout our communities.”

Organizations in every county of Rhode Island benefitted from the giving effort, with areas of impact focused on basic human needs, children and families, education, economic security, arts and culture and the environment. Over the past ten years, BankNewport has awarded more than $9.8 million in grants, sponsorships, and donations to a wide range of nonprofits and community organizations to help strengthen and enrich lives and communities throughout the state.

Through BNWise, BankNewport’s financial education program, over 2,000 students and community members were engaged in interactive financial education presentations on a variety of topics, from saving and budgeting to credit and homeownership, made available in-person and virtually.

BankNewport also generated statewide awareness for organizations serving Rhode Island’s unhoused population through its “Kind Hearts Warm Soles” campaign, which collected over 1,800 pairs of new adult and children’s socks from its employees and members of the community for agencies around the state.