The Mascoma Bank Foundation

At Mascoma Bank, our commitment to the community goes beyond offering a broad range of financial services, meeting the credit needs of our customers, and employing more than 340 people. In 1988, Mascoma Bank established the Mascoma Bank Foundation and funded it with $1,000,000 for the purpose of giving back an “ongoing dividend” in the form of grants to the communities responsible for Mascoma Bank’s prosperity. To date the Foundation has awarded over $5 million in grants to local not-for-profit groups.

The Mascoma Bank Foundation provides capital funding to not-for-profit organizations within Mascoma Bank’s market area that will contribute to the long-term benefit of its communities. The Bank serves the Connecticut River Valley of Vermont and New Hampshire from Keene to Lancaster; the I-89 corridor from Burlington to New London; and Portland, Maine.

Typical projects may include facility and infrastructure improvements, new construction, capital campaigns, and capital items outside normal operating budgets. The Foundation is especially interested in requests or projects that:

  • Significantly impact the organization’s long-term future, thereby contributing to our long-term commitment to create positive change in our communities.
  • Substantially increase the capacity, long-term viability, and resilience of the organization.

Applications will be accepted for amounts ranging from $5,000-$50,000.  Most awards will be for $5,000-$25,000. Proposals will be considered two times per year. The spring cycle deadline for proposals is April 1 and for the fall cycle is October 1. Applications should be complete on submission. The Foundation will not consider applications from organizations that have received funding in the prior two calendar years.

Please note that this summer, in response to COVID-19, the Mascoma Bank Foundation Trustees allocated additional funds to address needs in the communities served by the Bank which have resulted from, or been exacerbated by, the coronavirus pandemic. Areas of particular interest to the Foundation are childcare, housing, racial inequities, and community arts and science organizations affected by operating restrictions.

The Foundation has set up a separate application form for organizations seeking support from this special funding opportunity. The Trustees will consider requests ranging from $5,000-25,000. The deadline is October 1. Organizations which have received capital funding from the Foundation are not precluded from applying for the pandemic response funds.

 

If you have any further questions, please contact Sarah Martel at 603-443-8627 or at sarah.martel@mascomabank.com

Applications can be submitted through an online portal, accessible by clicking the button below:

Click here to get started

Board of Trustees

  • Gretchen E. Cherington - Meriden, NH
  • Gary W. Gray - Westmoreland, NH
  • Edward T. Kerrigan - Hanover, NH
  • Sara Kobylenski - North Hartland, VT
  • Frank J. Leibly III - Taftsville, VT