Bangor Savings Bank Foundation Grant Making

Bangor Savings Bank Foundation


Grant amount: US $2,000 - US $25,000

Next deadline: Jul 1, 2018

Later deadlines: Oct 1, 2018, Jan 1, 2019, Apr 1, 2019

Applicant type: College / University Nonprofit

Funding uses: Education / Outreach, Applied Project / Program, General Operating Expense

Location of project: Maine

Location of residency: Maine

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Overview:

The Bangor Savings Bank Foundation

Philanthropy is a prominent aspect of our Community Investment efforts, and the most prominent centerpiece of our giving is the continuing work and contributions of The Bangor Savings Bank Foundation. The Bangor Savings Bank Foundation was created in 1997 to help fulfill our commitment to improving community life in Maine. Today, the Bank has chosen to improve the impact and coordination of its giving by channeling all major charitable contributions from the Bank through the Foundation's grant-making process.

Priority Giving 
The Foundation focuses its strategic philanthropy efforts on improving Maine's regional and statewide economy. This includes supporting the economic development, workforce development, and demographic and entrepreneurial health of the regions we serve.

Additional Areas of Giving
While our primary outreach and resources will be dedicated to the priority areas listed above, in recognition of the needs in many of our communities, the Foundation also lends support to compelling applications in the following areas:

Education 
  • Initiatives that raise student readiness, academic success, achievement and aspirations at the primary, secondary, and post-secondary levels, including but not limited to STEM education initiatives.
Health and Wellness
  • Programs essential to the underlying medical care of a community. Initiatives focusing on physical and mental wellness for people of all ages.
Social and Civic Services 
  • Activities directed at improving quality of life in the communities we serve.
Culture and Arts
  • Initiatives supporting organizations that meet community needs, expand arts and cultural programming, or provide education.

You can learn more about this opportunity by visiting the funder's website.

Eligibility:

  • Awards will include support for program development as well as for new and expanded facilities and equipment.
  • Grant awards are generally limited to the market area served by Bangor Savings Bank.
  • Grant recipients must demonstrate 501(c)(3) or other nonprofit status, a need for private financial support, and a direct relevance to the Foundation's areas of giving interest.
  • Eligible organizations may submit only one application per calendar year.

Preferences:

  • For all proposals received, we have a preference to support projects and initiatives that do the following:
    • include a strategy for leveraging other resources and support.
    • produce cost-effective results which can be measured and evaluated.
    • provide incentive for the private and public sectors to work together in community problem solving.
    • encourage coordination with other efforts and do not duplicate programs in the community.
    • advance innovative and long-term strategies which will address recognized needs.
    • demonstrate an ability to obtain future funding if it will be needed.

Ineligibility:

  • The Foundation does not provide financial support for political organizations or candidates, religious organizations, or activities for sectarian purposes.
  • The Foundation does not generally support annual operating budgets, endowments, scholarships, conferences, seminars, festivals, or similar events, although such events may be considered through the Bank's Corporate Giving program. 


About this funder:

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