Foundation / Corporation
Machias Savings Bank
Grants to Maine nonprofit organizations to promote community development in areas where the funding source has a business presence. Emphasis is placed on projects that will benefit low and moderate-income families and individuals. Focus areas include education, economic development, housing, arts and culture, health, and human services.
Ideally, grant funds will be awarded to projects or services that create or retain jobs, revitalize communities within the service area, help to provide affordable housing or other programs designed to assist low-to-moderate income individuals and/or families.
The beneficiary(ies) of this award will have a deserving project(s) located or serving in Machias Savings Bank’s primary lending area, as defined in the CRA Public File. The primary lending area shall, at a minimum, include all areas where a Machias Savings Bank location is present. Grant funds are generally awarded to several deserving applicants in various denominations throughout the Bank’s service area.
Charitable resources will be focused on the following:
Providing support for programs that promote continuing education with an emphasis on financial education.
Providing support for initiatives that assist in the economic development, job creation and revitalization of the business community.
Providing support for initiatives that promote decent, safe and affordable housing in the Bank’s market areas
Culture and Arts:
Providing support for initiatives that promote the quality of life in local communities.
Health and Wellness/Human Services:
Providing support to initiatives that provide services to improve the quality of life and well-being in the Bank’s communities.
Environmental and Preservation:
Providing support to initiatives that promote the preservation and conservation of natural resources.
The applicant must demonstrate the ability to carry out the goals and objectives cited in the grant application.
Additionally, the grantee should demonstrate the following:
-A reasonable level of financial stability
-Evidence of an effective program
-Potential to attract additional funds during and after the grant period
-Potential for a significant impact with the help of grant proceeds
GrantWatch ID#: 161531
The Bank is committed to the support of nonprofit organizations and activities that advance community development and improve the quality of life in its communities.
The following requests will not be considered:
-Any request for direct support of an individual
-Graduation Parties or Events
-Competitions or athletic sponsorships
-Travel, sponsorship or funding for student or athletic groups
-Film or video productions, book or publishing projects
-Organizations whose policies encourage discrimination
-Academic research, fellowships or publications
-Construction or improvement of playgrounds and/or skate parks
-Any project that does not meet Machias Savings Bank’s definition of Community Development
-Any projects or organizations deemed controversial by Machias Savings Bank
Additionally, proceeds from grant funds may not be used for:
-Contributions and Donations
-Events and Items
-Fines and Penalties
-Costs incurred prior to the start of the grant
-Education - with the exception of financial literacy/economic development
The deadline for applications is Friday, August 31st. Applications postmarked after this date will not be considered.
The CRA committee will select the recipient(s) of the MSB Community Development Grant on or before September 28th. The recipient(s) will be notified by telephone and attendance to an award ceremony at the main office in Machias is a requirement.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Machias Savings Bank
Attn: Melissa Moffett
4 Center Street, P.O. Box 318
Machias, ME 04654-0318
USA: Maine: Machias Savings Bank’s primary lending area