The Association established the Massachusetts Bankers Association Charitable Foundation in 1996 to highlight the contributions -- currently around $62 million per year -- that Massachusetts-based banks make to deserving community organizations throughout the commonwealth. On behalf of the industry, the foundation makes major gifts annually to deserving non-profits nominated by member banks in their respective areas. To date, the Foundation has dispersed over $1.6 million in awards to local organizations.
Gifts from the Massachusetts Bankers Association Charitable Foundation are made on the basis of nominations by our member banks. Applications are not accepted from organizations themselves. Therefore, Massachusetts-based social service organizations that are local, not statewide, may want to talk to banks with whom they have relationships before the next award cycle begins each September.