The Coop Completes Record Year of Philanthropy

The Bank's Charitable Giving for FY2021 was more than $500,000

In Fiscal Year 2021, the Bank gave $200,500 in pandemic relief funds, $50,500 in pandemic micro-grants, 23 nonprofits helped through the pandemic, 31% of pandemic funds devoted to health and wellbeing, 22% of pandemic funds devoted to housing. The total for giving was $543,350.

The Cooperative Bank of Cape Cod set a record for philanthropic giving for its fiscal year ending March 31, 2021.

During the 12-month period, the total charitable giving from the bank more than doubled, with over $500,000 distributed to local nonprofits, including $200,000 in pandemic relief funds to 24 organizations.

“I am extremely proud of the bank and its employees for offering much needed financial support to the community during the COVID-19 public health emergency,” said Lisa Oliver, President, Chair, and CEO of The Cooperative Bank of Cape Cod. “As The Coop begins a year-long celebration of our 100th anniversary it is gratifying to know we have remained committed to serving – in good times and bad – our neighbors on Cape Cod. We will carry this legacy forward into our next century.”

Last year, during the onset of the pandemic, the bank was quick to mobilize and respond to the community need by immediately disbursing $100,000 from the bank and $50,000 from The Coop Foundation to key organizations in the community. An additional $50,000 was reserved through the Foundation for Pandemic Relief micro grants. As of February 2021, $50,500 in micro grants had been awarded to 15 local nonprofits that are directly serving COVID-19 related needs in the community. For these nonprofits, they have seen firsthand the economic consequences of this outbreak and how their clients are disproportionately impacted by the coronavirus pandemic.

“The Coop has been tremendous to Champ Homes,” said Adam Burnett, executive director of Champ Homes.  “We were honored to receive one of their Pandemic Relief micro grants, but they have gone over and beyond to help support us. In addition to the micro grant, The Coop has purchased new blankets and digital thermometers, volunteered to cook meals for our Champs, nominated us the recipient of one of their Charity Jeans Days, raised money for us through The Gasp bike ride, and supplied us with a great new Board member. The CEO even donated a freezer just as one of ours stopped working. We are eternally grateful for their support and truly feel like we have a partner.”

These micro-grants helped to provide emergency childcare for essential workers, digital translation services for the Cape’s immigrant community, assistance for ALS caretakers, transportation services to medical appointments for women on the Outer Cape, support for survivors of domestic and sexual violence, emergency financial assistance for those who lost jobs and income, and many other programs.

“We broke records in our philanthropy this year, more than doubling the amount of donations we normally give,” said Christina Bologna, Assistant Vice President, Community Relations Officer. “Early on, we made the decision to continue to support our nonprofit partners, regardless of whether or not they were able to hold the events we normally would have sponsored. I am always amazed and moved to see how the Cape community truly takes care of each other during times of crisis.”