Bangor Savings Bank Foundation Grant Making

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.

Type of Support

Overview

The Bangor Savings Bank Foundation offers grants ranging from $2,000 to $25,000 to support projects and initiatives that leverage other resources, produce cost-effective and measurable results, encourage public and private sector collaboration, coordinate with other community efforts without duplication, advance innovative long-term strategies addressing recognized needs, and demonstrate potential for future funding. Priority is given to initiatives that improve the vitality of regional and statewide economies in Maine, New Hampshire, Massachusetts, and Vermont, particularly through economic and workforce development. Additionally, the foundation supports education (including STEM initiatives), social and civic services aimed at enhancing community quality of life, culture and arts projects that meet community needs or expand programming, and health and wellness programs focusing on physical and mental health for all ages.

Eligibility

Organization's Location
USA
Program Location
ME
Organization Type
Organizations with IRS 501(c)(3) tax-exempt status
Other
  • Limited to the market area served by Bangor Savings Bank
  • Must demonstrate a need for private financial support
  • Must have a direct relevance to the Foundation's areas of giving interest
  • Supports general operating expenses for grants ranging from $2,000–$25,000

Ineligibility

Political organizations or candidates
Religious organizations or activities for sectarian purposes
Annual operating budgets
Endowments
Scholarships
Conferences
Seminars
Festivals
Similar events (these may be considered through the Bank's Corporate Giving program).
2k – 25k

Submission

Review Criteria

We favor funding projects and initiatives that adhere to the following criteria:

  • Integrate plans for mobilizing additional resources and backing.
  • Generate outcomes that are both economical and quantifiable for assessment.
  • Foster collaboration between private and public entities in addressing community challenges.
  • Promote synergy with existing efforts while avoiding replication of services within the community.
  • Propel forward-thinking and sustainable approaches to meet acknowledged requirements.
  • Showcase potential for securing subsequent financial support if necessary.