The bank, which will officially mark the 100th anniversary milestone on July 19, was founded in 1921 as a mutual community bank serving residents of Cape Cod and has remained true to that commitment for the past century.
“We are 100 days away from our 100th birthday and excitement is building to commemorate a century of serving generations of Cape Cod residents and businesses,” said Lisa Oliver, President, Chair, and CEO of The Cooperative Bank of Cape Cod. “I could not think of a better way to celebrate than expanding upon one of The Coop’s most valued traditions– supporting local nonprofits that make our communities better places to live by addressing key issues affecting the region.”
Organizations receiving these grants are all 501(c)3 certified nonprofits located in Barnstable County directly serving Cape Codders. Selected nonprofits must also be dedicated to a cause associated with The Coop’s four philanthropic focus areas for 2021:
- Financially Literacy – Organizations that address disparities in access to opportunities due to a lack of financial knowledge, including training for youth, seniors, immigrant and underserved populations as well as the general population. Financial literacy includes topics such as basic banking knowledge, mortgages and loans, credit and budgeting.
- Healthy Cape – Organizations that are continuing to alleviate ongoing COVID-19 health needs. This includes physical, emotional and mental health needs impacted by the pandemic, as well as care and comfort for friends and family affected by loss.
- Housing Initiatives – Organizations devoted to affordable housing and workforce housing; or an organization that has a specific program tackling the housing crisis on Cape Cod.
- Social Justice and Equity – Organizations working to create a more equitable community through racial and social justice training of staff and board members; greater diversity within the organization, including racial representation; implicit bias training; and/or actively working to bring vitality and abundance to minority populations on Cape Cod.
Additionally, 10 percent of the funds, or $10,000, will be distributed by employee vote to 10 organizations in $1,000 increments. The pre-determined list of nonprofits that employees will be asked to vote on will be selected for their compatibility to The Coop’s giving criteria.
Additional information can be found at www.mycapecodbank.com/100reasons.