OVERVIEW: The Cathay Bank Foundation invests in community development, community engagement, education and health and welfare in the communities served by its parent company. This foundation partners with established nonprofits in California, New York, Illinois, Washington, Texas, Massachusetts, Nevada, New Jersey and Maryland.
IP TAKE: The Cathay Bank Foundation works mainly in the communities served by its parent company, the Cathay Bank. This funder accepts letters of inquiry by mail.
PROFILE: The Cathay Bank Foundation was established in 2002 in Los Angeles, California by the Chinese-American Cathay Bank. The foundation aims to support the communities served by its parent company, emphasizing community and economic development, education, civic and community and health and welfare.
The Cathay Bank Foundation's education program prioritizes students from low- to moderate-income families and invests in the areas of literacy, math, ESL, financial literacy, entrepreneurship, mentoring and parent engagement. Past recipients include the Boston Chinatown Neighborhood Center, which provides K-12 students with academic support, enrichment and counseling services; the New Jersey-based School for Children with Hidden Intelligence, which serves children with physical and intellectual disabilities; and the I Have a Dream Foundation, a national nonprofit that supports low-income students with social, emotional and academic support.
Cathay Bank Foundation grants range from $1,000 to $10,000 and are generally awarded to established nonprofits in the nine states where Cathay operates consumer banks: California, New York, Illinois, Washington, Texas, Massachusetts, New Jersey, Nevada and Maryland.
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