The Coop Foundation Launch

Coop Foundation Lisa Oliver

Lisa Oliver announcing The Cooperative Bank of Cape Cod Charitable Foundation Trust

We’ve got exciting news to share! This week, The “Coop Foundation” was officially launched On December 6, 2018 at a celebration at The West End restaurant. During this event, $45,000 in grants were distributed to local, non-profit organizations.

“The Coop Foundation will allow us to expand upon the bank’s 97-year tradition of giving back to the community,” said Lisa Oliver, President and CEO of The Cooperative Bank of Cape Cod. “The Coop Foundation brings an additional component to our Charitable Giving Program and solidifies and formalizes our commitment to give back to the community. While we’ll continue to sponsor events and organizations through the Bank’s Corporate Giving, The Foundation will extend and increase the reach of our philanthropy by providing earmarked funds that will increase as the assets of the Trust grows, regardless of the net earnings of the Bank.”

 

Targeting Core Areas of Impact

Grants will be given to 501(c)(3) organizations that enhance quality of life through programs and initiatives that meet the fundamental needs and challenges of people in the communities the bank serves. To that end, the Bank has identified five core areas of impact that will be considered for grants initially: economic development and self-sufficiency, community vitality and sustainability, thriving youth and families, education and learning, and health and human care.

 

Initial Recipients

Four initial grants were awarded to organizations across the Cape that qualify for at least one of the areas of impact. The grants included:

  • $5,000 to the Cape Cod & Islands Council of the Boys Scouts of America  to fund a new Welcome and Education Center at historic Camp Greenough in Yarmouth. Additionally, The Foundation pledged to donate an additional $5,000 each year for the following four years.
  • $10,000 to Cotuit Center for the Arts. This will support the Center’s Capital Campaign to redevelop the campus and build upon the newly purchased 1.5 acres. Additionally, The Foundation pledged to donate an additional $10,000 each year for the following four years.
  • $25,000 to The Falmouth Housing Trust to fund renovations and repairs at the Gerald Flynn House.
  • $5,000 to The Lower Cape Outreach Council, which supports families on the Lower Cape struggling financially.

Giving Back to the Community

“The mission of The Coop Foundation is simple and in-line with our history of giving — to create vibrant and thriving communities,” said Oliver. “Giving back to the communities where we work, play and live, is at the heart of everything we do.  This is an exciting next chapter in that tradition.”

“Cape Cod & Islands Council Boy Scouts of America is thrilled to be a beneficiary of The Cooperative Bank of Cape Cod’s new foundation,” said Michael Riley, Scout Executive.  “Their support for our capital campaign to build a Welcome and Education Center at Camp Greenough will enable us to expand our existing programs and provide a better resource for outdoor education to the entire community.”

Added Karen Bissonnette, Executive Director of the Falmouth Housing Trust:  “Falmouth Housing Trust is very honored and grateful to be a recipient of a grant from The Cooperative Bank of Cape Cod’s Foundation. This grant will help us with much needed renovations and upkeep to The Gerald Flynn House, which provides housing and case management to individuals who are chronically homeless with substance abuse disorders.”

 

To Apply for a Grant

To learn more about our charitable giving and to apply for a grant, visit us at  mycapecodbank.com/charitable-giving. We will consider up to one application per 12-month period from a single non-profit group.

Coop Foundation Launch Party

The ‘Coop Foundation’ Board of Trustees with grant recipients celebrate the launch of new Charitable Foundation Trust.