The Jewett City Savings Bank Foundation, Inc. was created by Jewett City Savings Bank for the support and benefit of community, charitable, educational, and other benevolent purposes.
Mission
The mission of the Foundation is to reinforce, encourage, and support the Bank’s ongoing commitment to the well-being of the communities it serves. The Foundation will allocate its resources specifically for the advantage of the community at large.
Geographic Focus
The Jewett City Savings Bank Foundation’s financial grants and monetary gifts support qualifying non-profit organizations whose work benefits the population of those communities in which the Bank has a major presence.
Grant Making
Directors of the Jewett City Savings Bank Foundation evaluate grant requests, review proposals, and make funding decisions. The amount of grants to qualified non-profit organizations is determined by demonstrated needs and existing resources. Financial support is contingent on the strength of earnings and the availability of funds to support the Foundation’s philanthropic endeavors.
Grant Determination
Completed grant applications must be received by the Foundation no later than August 31. Funding for approved projects will be made by December 31. Applicants will be notified of their proposal outcome by mail.
Types of Support
Grants will be made for existing program support, general support, special projects, and/or start-up endeavors covering a variety of issues impacting the community. The maximum grant amount is $5,000.
The Foundation considers grant proposals from organizations including non-profits as defined in IRS Codes section 501(c)(3) or a governmental unit referred to in section 170(c)(1). It also accepts applications from organizations serving households in our defined market area; organizations that we have financially supported in the past; organizations that direct services to low- to moderate-income households in our defined market area; organizations that support development and maintenance of housing for low- to moderate-income households in our defined market area; organizations dedicated to improving the quality of community life in our defined market area; and to other qualifying organizations whose goals are determined to be consistent with the Foundation’s mission.
The Foundation does not provide funding for individuals, sports, individual schools or religious groups.
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