Skowhegan Savings Accepting
Applications for Charitable Donations
SKOWHEGAN, Maine - Skowhegan Savings is now accepting applications for charitable donations. As a caring, committed member of the communities where their customers live, work, and raise their families, Skowhegan Savings is committed to investing in the communities it serves. The bank invests directly in local communities through direct investments of money and time towards charitable causes that help communities become better places to live and work. Skowhegan Savings' donations will focus on Financial Literacy and Economic and Community Development, such as job creation, business retention, business growth, and community enhancement.
Requests will be considered quarterly and decisions on funding will be based on the following:
- The bank will give priority to non-profit organizations.
- Priority will be given to investments whose benefits are focused within the communities we serve: Skowhegan, Belgrade, Bingham, Dexter, Fairfield, Madison, Norridgewock, and Pittsfield.
- Priority will be given to investments that have a broad impact both in terms of communities served within our service area, and number of people benefitting.
- Community Reinvestment Act-qualified donations will have priority over donations that do not qualify.
- Preference will be given to requests which have Skowhegan Savings as the only bank sponsor.
- Skowhegan Savings prefers to donate no more than 20 percent of the total budget of a fundraising campaign in order to assure broad based support.
- Priority will be given to those requests that give an opportunity for Skowhegan Savings to get positive publicity and recognition within the community. Capital investments will have preference due to their long-term nature and one time funding.
As a general rule, Skowhegan Savings does not make charitable contributions to
the following:
- Individuals or programs that benefit specific individuals (with exception of approved scholarship programs)
- Religious Organizations
- Labor Organizations
- Political Candidates or Campaigns
- Endowment Funds for organizations
- For Profit Organizations
The upcoming deadline for applications is Wednesday, September 30, 2009. Applicants will receive notice regarding their Charitable Contribution Request within 30 days of the deadline date. To fill out an application, please visit
http://skowsavings.com/charitable_donations.php or contact Marketing Officer, Karen Hart.
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Skowhegan Savings, founded in 1869, is an independent
mutual savings bank dedicated to strengthening the
Maine families,
businesses and communities it serves. Our team of friendly,
committed employees takes pride in delivering personalized,
competitive banking services with integrity and putting
the needs of our customers first. An innovative and progressive
approach to banking ensures our personal and business
customers enjoy a banking experience that is quick,
easy and convenient.
Our nine Maine branches include two locations in Skowhegan,
as well as locations in Belgrade, Bingham, Dexter, Fairfield,
Madison, Norridgewock, and Pittsfield. For more information,
visit www.skowsavings.com or contact Customer Service
at 800.303.9511
