Belmont Savings Bank Foundation announces Charitable Giving Community Grant Initiative
NEWTON - The Belmont Savings Bank Foundation today announced a $30,000 community grant initiative as part of its charitable giving initiative in Newton. Local residents will nominate charities that will then be eligible for a donation based on voting.
After a nomination and voting period, the Belmont Savings Bank Foundation will invest in five programs located in Newton. Applications should include efforts for health, education, affordable housing or youth programs. The nomination deadline is October 1, 2015 at 5 p.m.
Following October 5, all approved organizations will have a 25-day period to drive voting which will take place on the Foundation website.
“Through this charitable giving initiative, we are pleased to be offering Newton residents with the chance to vote for and recognize many of the wonderful local organizations,” said Robert Morrissey, Chairman of the Board of Directors of Belmont Savings Bank as well as the Belmont Savings Bank Foundation. “This initiative reflects the Belmont Savings Bank Foundation’s mission to invest in building communities and we encourage residents to vote for the groups they feel make the greatest impact in their neighborhood.”
During the initial round, Newton charitable organizations will have until 5pm on October 1st to submit an application after being nominated. Subsequently, eligible groups can encourage supporters that live in Newton to vote once per device on the Belmont Savings Bank Foundation website from October 5th -30th, choosing their preferred recipient. After 25 days, all votes will be tallied to identify the top five nominated charitable organizations that will then be distributed as follows:
- 1st place - $10,000
- 2nd place - $8,000
- 3rd place - $6,000
- 4th place - $4,000
- 5th place - $2,000
“We are thrilled to be launching this program and look forward to the public nominating, then voting for their favorite local groups,” said Pat Brusch, Belmont Savings Bank Foundation Treasurer. “Newton is a great place to live and through this grant initiative, we hope to identify the organizations which strengthen community and improve quality of life here.”
Nominations must be an eligible 501(c)(3) in Newton, and the use of funds from the Foundation must be dedicated to a specific program that occurs in the city and primarily benefits local residents. Winners will be announced November 18th at the Programs Reception in the Newton Marriott.
The role of the Belmont Savings Bank Foundation is to support not-for-profit groups, institutions, schools and other organizations as a way of adding to the quality of life for people living in the communities in which Belmont Savings Bank serves. Since 2012, the Foundation has contributed $590,000 to local groups in the Greater Boston area.
The initial deadline for nominations is October 1, 2015. For questions about the program or the nomination process, please visit http://www.belmontsavingsfoundation.com/221-2.