OVERVIEW: The NSB Foundation is a corporate bank foundation that supports Vermont organizations in the area of financial literacy. Meanwhile, the bank’s giving program supports human services, at-risk youth, low/moderate income families, education, arts and culture, environment, economic and job development, and animal welfare.
FUNDING AREAS: Financial literacy, human services, at-risk youth, low/moderate income families, education, arts and culture, environment, economic and job development, animal welfare
IP TAKE: This Vermont funder prioritizes financial literacy in it’s home state.
PROFILE: The NSB Foundation is the charitable arm of Northfield Saving Bank, which was founded in 1867 and is the largest bank headquartered in Vermont. It has 13 branches serving approximately 30,000 commercial and consumer customers. The bank has committed to donating 10 percent of its earnings to Vermont nonprofits and established the NSB Foundation in 2000. The foundation is based in Barre, Vermont. The bank foundation focuses it’s grantmaking on financial literacy. Other topics of interest include housing, homelessness, aging in place, literacy, financial literacy, food, fuel, and transportation.
Financial literacy drives this funder’s mission. Indeed, NSB made a three-year, $450,000 investment in Central Vermont and Chittenden County awarding the Champlain Valley Office of Economic Opportunity and Capstone Community Action. Within the realm of financial literacy, the NSB Foundation supports everything from credit coaching to personal financial counseling, budgeting education, and financial literacy workshops.
Although the NSB Foundation does not accept unsolicited requests for donations, NSB’s community giving program accepts requests for donations and covers broader subject fields. Its community giving program invests in human services, at-risk youth, low/moderate income families, education, arts and culture, environment, economic and job development, and animal welfare. This funding derives from the 10 percent donations of the bank’s annual earnings to support local nonprofits in Vermont.
Branch donations tend to be between $25 and $250, while community gift donations are usually between $500 and $2,000. Individual foundation grants tend to be around $75,000 and go towards general operating support. Grantseekers can learn more about how and where this funder gives in its tax records. Additionally, the bank awards scholarships to local Norwich University students.
Grantseekers can request funding from the Northfield Savings Bank community giving program online. These funds are set aside for Vermont-based nonprofits that benefit people living in Central Vermont and Chittenden County. Priority is given to housing and human services needs of low/moderate income people, as well as to programs that support job development. However, this is a not a place to look for multi-year funding, national charity support, private school support, or funding for special interest groups. Grant application deadlines are December 31, March 31, June 30, and September 30. Grantseeker questions can be directed to Donations@nsbvt.com.
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