The Coop Foundation Announces Grants of $39,500

The Cooperative Bank of Cape Cod hosted a reception for grantees in June 2019 at its office in Hyannis.

5 New Grant Recipients

The Cooperative Bank of Cape Cod Charitable Foundation Trust announced a new round of grantees, awarding $39,500 in grants to local organizations for the current quarter of the year. Grants were awarded to:

YMCA of Cape Cod to support a new Hyannis Village Marketplace to provide accessible and affordable childcare and early childhood education ($12,500 this year with a pledge to donate an additional $12,500 next year).

Cape Cod Blue Economy Foundation to support their mission to promote and sustain a maritime-focused economy in the region ($10,000).

Housing Assistance Corporation to support their Pathway to Self-Sufficiency Program at the Carriage House shelter in Falmouth ($7,000 this year with a pledge to donate an additional $14,000 over the next 2 years).

Cape Cod Art Center to install an elevator and new classrooms to make art accessible to people of all physical abilities ($5,000).

Provincetown Commons to provide a matching grant for membership subsidies ($5,000).

‘Positive Impact’

“Through their dedication to the arts, economic development, children, families, and the environment, these organizations positively impact our communities in substantial ways,” said Lisa Oliver, President and CEO of The Cooperative Bank of Cape Cod and President of The Coop Foundation Board of Trustees.  “We hope these grants will help them continue the great work they do.”

“We are excited to partner with The Coop Foundation in an effort to establish lasting economic benefits here on the Cape and Islands through the promotion of our vibrant water based business community,” said Jon Hagenstein, a Cape Cod Blue Economy Foundation Inc. board member.  “Most Cape Codders can easily point to a friend or family member who is a participant in the Blue Economy.  This is the growing group who will directly benefit from this generous grant.”

Added Alisa Magnotta Galazzi, CEO of Housing Assistance Corporation: “On behalf of families who will benefit from Housing Assistance Corporation’s self-sufficiency program, I thank The Coop for their vision, generosity, and community engagement. By investing in services that stabilize low-income families, such as accessing childcare, education and transportation, The Coop is ensuring Cape Codders are able to reach their fullest potential and contribute to our thriving year-round community.”

About The Coop Foundation Trust

The Cooperative Bank of Cape Cod Charitable Foundation Trust is a 501(c)3 registered nonprofit in the state of Massachusetts with a mission to cultivate vibrant and thriving communities. Established in 2018, the Foundation has awarded over $100,000 in its first year, which includes $45,000 in initial launch grants.

The Coop Foundation solidifies and formalizes The Coop’s commitment as a mutual bank to give back to the community, earmarking funds for philanthropy that won’t decrease according to the bottom line, but increase as the assets of the Trust grows. The Coop Foundation serves as an extension of the Bank’s current community giving program by enhancing and expanding it.

For more information on the Foundation and how to apply for a grant:

Charitable Giving