In 1998, Dime Bank established The Dime Foundation to extend the bank's mission of supporting and giving back to the communities it serves. The Foundation aims to improve the community's well-being and quality of life by funding organizations or programs that provide, strengthen, or enhance service to individuals.
The Dime Foundation operates three grant cycles annually, requiring recipients to submit a post-grant report within a year of receiving funding and before applying for a new grant. The foundation prioritizes funding for projects and organizations that support affordable housing; basic human services for at-risk individuals; development/education, job training, or literacy programs promoting self-sufficiency; opportunities for collaborative efforts; and services for at-risk or underserved children, families, or the elderly, particularly those at low/moderate income levels.