Dedham Savings has pledged $1.5 million toward investing in minority communities, with the objective of reducing racial inequities in housing.

“Actions speak louder than words,” Dedham Savings CFO Mark Ingalls said in a statement. “Dedham Savings is committed to listening, to understanding and to taking actions like this that lead toward inclusion.”

Three donations of $5,000 will go to Youth Enrichment Services, the NAACP and the Dorchester Youth Collaborative.