WESTFIELD BANK FUTURE FUND AWARDED MORE THAN $300,000 IN GRANTS TO LOCAL NON-PROFIT ORGANIZATIONS IN 2019
FOR IMMEDIATE RELEASE: January 30, 2020
FOR MORE INFORMATION, CONTACT: Cathy Jocelyn, Vice President of Marketing
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Westfield, MA—Westfield Bank has announced that The Future Fund, a philanthropic endeavor dedicated to supporting local 501c3 organizations that have a positive impact on the region’s educational, recreational, cultural, and social wellbeing, awarded more than $300,000 to 40+ organizations in western MA and northern CT in 2019.
Grant recipients included the Boys & Girls Club of Greater Westfield; Domus, Inc.; Farmington Valley YMCA; Friends of the Holyoke Soldiers Home; Girls Inc. of the Valley; the Boys & Girls Club of Chicopee; Junior Achievement of Southwest New England; Make-A-Wish Massachusetts and Rhode Island; Spirit of Springfield; and the YMCA of Greater Westfield.
According to James C. Hagan, President and CEO of Westfield Bank, the Future Fund awards hundreds of thousands of dollars in grants each year to qualifying organizations whose applications are accepted. “There are so many people and groups in our communities that have devoted themselves to making life better for all of us, and especially the young people who represent our future” said Hagan, “and we know that supplying needed services presents financial and logistical challenges that grow with each passing year. The Future Fund, and Westfield Bank, are dedicated to providing needed support to worthy organizations that enrich and define life in the towns and cities we serve.”
Westfield Bank established The Future Fund in 2002 in response to pressing community needs and shrinking sources of corporate philanthropy. The Future Fund’s primary, but not exclusive, funding priority is to fund projects that benefit children. The Future Fund accepts written applications from organizations with 501c3 status that serve Westfield Bank’s market area, with grants awarded by determination of the Fund’s directors. The deadline to submit 2020 grant applications is Tuesday, March 31, 2020. More information, including guidelines, eligibility rules, and a downloadable grant application form, is online at westfieldbank.com/about/future-fund.
In addition to The Future Fund grants, Westfield Bank contributed over $400,000 to help sponsor community and performing arts events, youth sports teams, fundraisers, and more. The Bank also donated over $500,000 to local organizations via the Chicopee Savings Charitable Foundation, an affiliate of Westfield Bank. In total, Westfield Bank provided over $1.2 million in local and regional philanthropic support in 2019.
About Westfield Bank
Westfield Bank is a federally chartered thrift that is insured by the Federal Deposit Insurance Corporation (FDIC). Founded in 1853, the Bank has twenty-two full-service offices in Agawam, Chicopee, East Longmeadow, Feeding Hills, Holyoke, Ludlow, South Hadley, Southwick, Springfield, Ware, Westfield, and West Springfield, Massachusetts; and Enfield and Granby, Connecticut. In addition, the Bank has announced plans to open branch offices in Huntington, MA; West Hartford, CT; and Bloomfield, CT. The three new offices are scheduled to open in 2020.