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.
The grant program overseen by the Mascoma Bank Foundation aims to provide capital funding to not-for-profit organizations in Mascoma Bank's market area, focusing on projects that promise long-term benefits to the community. This encompasses a range of initiatives such as facility and infrastructure improvements, new construction, capital campaigns, and significant capital expenditures beyond ordinary operating costs. Key interests of the Foundation include projects that have a significant impact on the organization's long-term future, aligning with their commitment to generate positive change in the community, and those that substantially enhance the organization's capacity, viability, and resilience for the long term.