The Massachusetts Bankers Association's Charitable Foundation was established to fund local charities and enhance the impact of the impressive $106+ million in direct contributions made annually by member banks across the State. As a dedicated resource, Mass Bankers’ Charitable Foundation plays a valuable role in supporting communities, families, and individuals in need.
For almost three decades, Mass Bankers has been a stalwart advocate for nonprofit agencies throughout the Commonwealth. Each year, the Foundation proudly awards community grants, typically ranging from $2,500 to $5,000, to dozens of deserving organizations. Throughout the years, hundreds of nonprofits have received grants from the Association. These grants have been instrumental in assisting nonprofits that focus on a variety of critical issues, including alleviating hunger and homelessness, promoting academic, social, and emotional growth, championing diversity and equality, advancing skill development to bridge the opportunity divide, addressing domestic violence, and much more.
Again, this year, our community grants will focus on financial literacy. This priority aligns with bank initiatives, our advocacy efforts on Beacon Hill, and the Association’s strategic plan.
For the current year, we will follow the traditional bank nomination process. On August 14, the nomination period opened, and bank leaders and pertinent staff were asked to nominate deserving non-profit organizations within the Commonwealth or Greater New England region that are dedicated to financial literacy. Banks may submit more than one nomination, but only the bank CEO, President, or their designated proxy, is authorized to submit a nomination. Nominations could include initiatives, programs, or activities aimed at educating individuals on managing finances, improving their understanding of financial concepts, and equipping them with the knowledge and skills necessary to make informed financial decisions and achieve long-term financial stability.
Mid-August: Members informed of 2024 focus and process; nomination period opens. Mid-September: Nomination period closes. Early October: Ballots sent to bank leadership; voting period opens. Late October: Voting period closes. Early November: Trustees convene, vote, and certify the results. Late November: Winners announced; checks processed and sent to nominating banks to distribute to the nonprofit awardees.
If you have any questions, please contact Mr. Jess Huber at jhuber@massbankers.org or (617) 502-3815.
We thank you for supporting Mass Bankers’ charitable-giving activities and look forward to receiving your nominations and awarding grants to deserving organizations focused on financial literacy.