The Claremont Savings Bank Foundation awards grants once a year, generally opening the application process in late winter or early spring. We focus on supporting local non-profits that make a significant impact on the quality of life and economic vitality in our communities. These grants are an extension of the bank’s ongoing contributions and the exceptional volunteer work carried out by our employees.
Guidelines are necessary in order to minimize requests that are not consistent with the Foundation’s intentions, which are listed below:
- Organizations must not discriminate, as defined by Federal criteria.
- Priority will be given to support the Bank’s designated Community Reinvestment Act (CRA) branch/banking area.
- Organizations must be Section 501(c) (3) IRS Code approved.
- The Foundation was developed to fund: projects, programming, and capital expenditures, with the understanding that there is no promise or expectation on annual funding to any organization.
As a general rule, the Foundation does not fund grant requests from individuals, political organizations, religious organizations (unless the request is a project or programs that are demonstrated to benefit the community at large), municipalities, or other Foundations or Trusts.
Grant requests are encouraged from civic, arts, social service, health and affordable housing organizations.
The sizes of our grants generally range from $500 to $5,000. Applicants may apply for amounts outside of these guidelines if documentation supports the nature of the request.
In order to assure fairness, consistency and as much objectivity as possible in the grant allocation process, all grant requests will be accepted and treated on an equal basis. The Foundation Board will not consider a grant request unless it includes all of the following:
- Completed Online Application Form.
- A copy of the organization’s 501(c)(3) Certification from the Federal Government (Tax Reform Act of 1969)
- Amount requested and the total amount of project.
- A one page memo describing the applicant organization and the program for which it seeks funding
- Copy of the organization’s most recent Detailed Balance Sheet and Income Statement. Administrative costs, as a percentage of the budget, should also be provided.
- Contact person’s name, daytime phone number, mailing address, and email address.
Contact us with any questions.
Grant applications will be received once a year for consideration.
The application period for the Claremont Savings Bank Foundation Grant Program will open on March 7th and close on April 18th. Eligible organizations are encouraged to submit their applications during this timeframe. We look forward to reviewing your submissions.
