Cambridge Savings Charitable Foundation Donates $100,000 to 8 Non-Profit Organizations in Melrose and Surrounding Communities
This summer, Cambridge Savings Bank (CSB) launched an initiative that encouraged the Melrose community to partner with the Bank to identify non-profits in the community that would benefit from a targeted giving program under the giving strategy of its Charitable Foundation. The Bank encouraged its Melrose branch customers to nominate non-profit organizations that were important to them in order to be considered to receive one of several charitable donations.
The initiative garnered great engagement with over 1,200 nominations received.
“We are in awe of the overwhelming participation from the Melrose community,” said Jeri Foutter, Vice President and Community Relations Manager, “it was clear from the number of nominations we received that this is a community passionate about giving back. We look forward to learning more about the wonderful nonprofits in Melrose and surrounding communities.”
Cambridge Savings Bank acquired Melrose Bank in June of 2020 and wanted to immediately engage the community and give back in a meaningful way. That’s when the Bank decided to ask their Melrose customers about the organizations that mattered most to them. As a mutual bank, Cambridge Savings Bank and its Charitable Foundation are deeply committed to investing in the markets that support their customers and small businesses, and the organizations that make the community a better place to live and work. Investing locally builds a stronger community where everyone thrives—which aligns strongly with the core values of the Bank.
“We are thrilled to announce the recipient organizations that will receive a donation from the Charitable Foundation,” says Wayne Patenaude, President & CEO, “Join us in thanking these amazing organizations for all they do each and every day to make a positive impact in the communities they serve — congratulations!”
Melrose Family YMCA - $30,000
Melrose Farmer’s Market - $20,000
Melrose Alliance Against Violence - $15,000
Bread of Life - $10,000
Malden YMCA - $10,000
Follow Your Art - $5,000
Friends of Middlesex Fells - $5,000
Melrose Symphony Orchestra - $5,000
About Cambridge Savings Bank
Cambridge Savings Bank is a full-service banking institution with over $5 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services and has branches located in Arlington, Bedford, Belmont, Burlington, Cambridge, Charlestown, Concord, Lexington, Melrose, Newton, and Watertown. www.cambridgesavings.com