Machias Savings Bank

OVERVIEW: Machias Savings Bank supports Maine communities with grants in the areas of education, economic development, housing, arts and culture, health and wellness/human services, and environmental and preservation.

FUNDING AREAS: Education, economic development, housing, arts and culture, health and wellness/human services, environmental and preservation

IP TAKE: This funder looks for opportunities where moderate amounts of funding can make a significant difference. Target low-to-moderate income populations with new proposals.

PROFILE: Machias Savings Bank engages in community giving and has a grantmaking program based in Machias, Maine. The bank has locations from Portland up to Caribou, Maine. It is committed to the “support of non-profit organizations and activities that advance community development and improve the quality of life in our communities.” Grantmaking includes education, economic development, housing, arts and culture, health and wellness/human services, and environmental and preservation.

Education grants focus mostly on financial education, while economic grants target economic development, job creation, and business revitalization. Housing grants support affordable housing in the bank’s market areas, and arts and culture grants promote quality of life in the bank’s communities. The funder also makes health and human services grants to improve the quality of life and wellbeing in these communities. Finally, environmental grants support conservation and preservation of natural resources. In addition to grants the bank also provides local event sponsorships, business development activities, and advertising in event materials.

Bank grants are typically up to $50,000 each. The funder does not have an online grants database to review past grantees. Grantmaking is restricted to Maine communities that the bank serves. As a general rule, this funder does not fund multiple requests in the same year or special interest groups. The foundation also hosts seminars at local schools and provides online resources related to financial literacy for youth and adults.

The bank accepts unsolicited grant requests from local nonprofits in its service areas. The application deadline often falls at the end of August. Applications may be mailed, emailed, or hand-delivered to any bank location. Grantseekers should direct questions and applications to grants@machiassavings.com.

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