The Mascoma Bank's mission is deeply rooted in serving the community by not only offering a vast array of financial services and fulfilling the credit requirements of their clientele but also by contributing to economic growth through employment. Established in 1988 with an initial fund of $1,000,000, the Mascoma Bank Foundation embodies this commitment by providing an "ongoing dividend" back to the communities that have fueled Mascoma Bank's success, with over $6 million in grants awarded to local not-for-profit groups to date.
Mascoma Bank's grant program focuses on providing financial support to non-profit and community organizations that address the needs within their communities. The program includes donations and sponsorships, the latter covering expenses like advertisements in programs, signage, event underwriting, etc. Application for these funds is reviewed on a monthly basis by respective committees, ensuring ongoing support for impactful community initiatives.
The Bank gives preference to organizations that concentrate on addressing urgent needs within the community.