March 6, 2019 (Hyannis, MA) - The Cooperative Bank of Cape Cod Charitable Foundation Trust announced that it will award $75,000 in grants to local organizations for the first quarter of the year, with an initial $62,500 to be awarded this month.
Launched in December of 2018, The Coop Foundation awards grants to 501(c)(3) organizations that enhance quality of life through programs and initiatives that meet the fundamental needs of people in the communities the bank serves. The Foundation identified five core areas of impact that will be considered for grants initially. They include economic development and self-sufficiency, community vitality and sustainability, thriving youth and families, education and learning, and health and human care.
Grants for the first quarter were awarded to The Arts Foundation of Cape Cod to provide access to the arts to all families ($5,000), Barnstable Land Trust as a contribution to their Conservation Center capital campaign ($15,000), Big Brothers Big Sisters of Cape Cod and the Islands to expand their programming and recruit more volunteers ($30,000 over the next 3 years), Calmer Choice to support their growth into new schools and provide training scholarships ($15,000), Habitat for Humanity to support affordable housing ($10,000), Health Imperatives, Inc to underwrite family stability and sustainability programming ($7,500), and Mass Audubon Long Pasture Wildlife Sanctuary to kick off their Discovery Center capital campaign ($25,000 over two years, and an additional $30,000 in sponsored events over the next 3 years).
“These awardees provide much needed services to the Cape Cod community,” said Lisa Oliver, President and CEO of The Cooperative Bank of Cape Cod, and President of The Coop Foundation Board of Trustees. “We are thrilled to invest in their efforts through the Foundation.”
The Coop Foundation was launched as an extension of the bank’s long-standing charitable giving programs. “We’ve given back to the community throughout the Bank’s 98-year history. Creating the Foundation solidifies our commitment to invest the communities we serve in perpetuity,” added Oliver. “We look forward to supporting the work of numerous local organizations through grants in the years ahead.”
“We are so grateful to The Cooperative Bank of Cape Cod Charitable Foundation Trust for their generous donation to help serve more kids with a mentor,” said JR Mell, Regional Director of Big Brothers Big Sisters of Cape Cod & the Islands. “We are honored that the Foundation has invested in our next phase of strategic growth with a multi-year commitment to our mission. This gift enables us a solid foundation to support the next 3 years of defending potential for under-resourced families right here on Cape Cod.”
Added Wendy Cullinan, Director of Resource Development, Habitat for Humanity of Cape Cod:“We are delighted and deeply appreciative that The Cooperative Bank of Cape Cod Charitable Foundation Trust has made such a significant donation to the Rotary’s Campaign to raise $100,000 for Habitat for Humanity of Cape Cod. We rely on the support of our community to serve our mission and this is community at its best.”
For more information on the Foundation and how to apply for a grant, visit mycapecodbank.com/charitable-giving.
About The Cooperative Bank of Cape Cod Charitable Foundation Trust
The Cooperative Bank of Cape Cod Charitable Foundation Trust is a 501(c)3 registered nonprofit in the state of Massachusetts with a mission to cultivate vibrant and thriving communities. Established in 2018, the Foundation has awarded over $100,000 in its first year, which includes $45,000 in initial launch grants.
The Coop Foundation solidifies and formalizes The Coop’s commitment as a mutual bank to give back to the community, earmarking funds for philanthropy that won’t decrease according to the bottom line, but increase as the assets of the Trust grows. The Coop Foundation serves as an extension of the Bank’s current community giving program by enhancing and expanding it. For more information, please visit mycapecodbank.com/charitable-giving.