Athol Savings Bank – Charitable Donations Program

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Community-Based Donations Supporting Quality of Life in Central Massachusetts

Athol Savings Bank, a division of Cornerstone Bank, supports nonprofit organizations that improve the quality of life for residents of Central Massachusetts. Through its Charitable Donations Program, the Bank provides monetary contributions as well as donations of goods or services to local schools, civic groups, churches, and community-based organizations operating within its service area.

Organization

Athol Savings Bank, A Division of Cornerstone Bank

Support Type

Charitable donations (cash, goods, or services)

Geographic Focus

Central Massachusetts

About the Funder

Athol Savings Bank is deeply rooted in the communities it serves across Central Massachusetts. The Bank prioritizes local impact and seeks to support organizations and events that directly benefit area residents. Giving decisions are guided by a Charitable Donations Committee and emphasize community visibility, meaningful reach, and alignment with local needs.

What This Program Supports

The Bank considers charitable donation requests that:

Support local schools, civic groups, churches, and nonprofit organizations
Improve community wellbeing and quality of life
Benefit a significant group of people, rather than an individual
Directly serve residents of Central Massachusetts
Provide opportunities for community recognition of Athol Savings Bank’s support

In some cases, the Bank may choose to provide promotional items instead of or in addition to monetary donations.

Eligibility & Preferences

Eligible Organizations

501(c)(3) nonprofit organizations or other recognized nonprofit entities

Preferential Consideration Is Given When:

The organization is based in Central Massachusetts
Funds are spent locally and benefit area residents
The request supports a community-wide event or initiative
Athol Savings Bank receives recognition for its contribution

Ineligible Requests

Donations to for-profit organizations
- (For-profit entities may submit sponsorship requests, which are evaluated separately for marketing or advertising value)
Incomplete applications
Requests submitted fewer than 30 days before the event or need date

Application Timeline & Review

Submission: Rolling
Lead Time Required: At least 30 days prior to the event
Review Cycle: Monthly by the Charitable Donations Committee

Application / Request Process

Applicants must submit a complete charitable donation request, including:

Description of the organization and its mission
Summary of major accomplishments
List of current board members and key staff
IRS 501(c)(3) tax-exempt determination letter

Incomplete proposals or those submitted with insufficient lead time may not be considered.

Submission Method:
All requests must be submitted through the online Charitable Donations Request Form.

Apply / Learn More

➡️ https://www.ibankasb.com/community/charitable-donation-policy/

Questions & Contact

For questions regarding the Charitable Donations Policy:
Nicole Gaylord
📞 508-764-0023
✉️ charitabledonations@cornerstonebank.com

Why This Opportunity Is a Good Fit

This program is a strong fit for nonprofits that:

Operate in Central Massachusetts
Serve broad segments of the local community
Are planning events or initiatives with at least 30 days’ lead time
Value partnerships with a community-focused local bank

Corporate Grants Guide Notes

Review Type: Monthly committee review
Lead Time: Minimum 30 days prior to event
Support Type: Cash, goods, or services
Best Suited For: Local nonprofits, schools, civic groups, and churches in Central Massachusetts