The charitable foundation was founded in 1999 and aims to support health and educational charities based around the West Midlands.
The foundation consists of a panel of Tipton employees who meet with members of the community twice a year to allocate funds.
Donations in December will help charities including Priory Park Amateur Boxing Club, St Giles Hospice, Omega, the National Association for End of Life Care, NICE – Centre for Movement Disorders, Wolverhampton Samaritans, Birmingham Hospice and The Mary Stevens Hospice.
Amy Fellows branches and training deputy manager at Tipton and Coseley Building Society, said: “2023 has been a particularly challenging time for charities as many people struggle with the cost of living crisis.
“Supporting local people has always been one of the guiding principles of the Tipton so we are pleased that we are able to make donations to these wonderful charities.”