History

NewAlliance Foundation was established in 2004 through a contribution of $40 million in stock from NewAlliance Bancshares, Inc. at the time of the Bank’s initial public offering. Committed to the same long history of philanthropy of its predecessor, The New Haven Savings Bank, NewAlliance formed the Foundation to enhance economic vitality and improve the quality of life for residents in the communities it served.

In April 2011, upon the closing of the merger of NewAlliance Bancshares, Inc. with First Niagara Financial Group, NewAlliance Foundation became a private, independent foundation serving 44 Connecticut communities.

Since its inception, NewAlliance Foundation has approved $18 millionĀ in grants to local organizations.