The Bangor Savings Bank Foundation aims to enhance the strength and health of its communities through dedicated philanthropic efforts. By investing in various nonprofit sponsorships, grants, and partnership initiatives, the foundation seeks to make communities across Maine, New Hampshire, Massachusetts, and Vermont more prosperous, livable, and vibrant. Focusing on economic and workforce development, the Foundation leverages its growing endowment and the strong support of the Bank to make a significant and meaningful difference in its focus areas.
Organizations recognized under IRS code section 501(c)(3) must provide a copy of their determination letter with their application or grant proposal. Applications can be submitted online at: https://www.bangor.com/community/foundation Potential applicants must submit a completed grant application, describe the initiative seeking support. Prior applicants may reapply one year from the date of prior submission. Decisions and funding are generally announced within 45-75 days of each application deadline.
Deadline
Applications for due by January 1, April 1, July 1, or October 1 to be valid for consideration.
Restrictions
The Foundation considers applications for grants ranging from $2,000 up to $25,000. The Foundation has a preference to support projects and initiatives that do the following: (i) Include a strategy for leveraging other resources; (ii) Produce cost-effective results which can be measured; (iii) Provide incentive for community problem solving; (iv) Encourage coordination with other efforts and do not duplicate programs; (v) Advance strategies that will address recognized needs; and (vi) Demonstrate an ability to obtain future funding. Grant awards are generally limited to the market area served by Bangor Savings Bank. Grant recipients must demonstrate 501(c)(3) status, and need for private financial support. The Foundation does not provide support for political purposes, and generally does not support annual endowments, scholarships, conferences, or budgets.
Submission contact
Contact name: Program Officer The Bangor Savings
Address: 24 Hamlin Way PO Box 930, Bangor, ME 044020930