January 27, 2020
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Gorham Savings Bank Maine Marathon delivers an early holiday gift to local non-profits

Community Author: Philbrook Co.
Post Date:
Updated:
Gorham Savings Bank | Contributed
Gorham Savings Bank | Contributed

GORHAM — Two Maine non-profits are on the receiving end of additional unexpected revenue generated by the Gorham Savings Bank Maine Marathon held in the fall. The Oct. 6 event shattered records, raising more than $120,000 for over 40 Maine charities.

“Event revenue came in higher than projections to the tune of $7,000! That allowed us to contribute to two more charities on our target list, which is amazing. These donations are critically important to these two organizations, because it represents 15 percent of their revenue,” said Bob Dunfey, volunteer race director.

A Running Passion, committed to providing financial assistance for student athletes interested in long and short distance running, and who don’t have the means to buy proper equipment, will receive $4,500. Outdoors Again, dedicated to providing opportunities for paralyzed/handicapped individuals to go camping, hunting, fishing, horseback riding, to music concerts and sporting events, will receive $2,500.

“We are so pleased to be able to support so many wonderful organizations through our Marathon. A Running Passion and Outdoors Again are two more deserving organizations that symbolize what is good in our state,” said Steve deCastro, president and CEO of Gorham Savings Bank. “Our Marathon’s commitment to raising funds for local charities is why our bank is so honored to annually support this event.”

Since its inception in 1997, the Gorham Savings Bank Maine Marathon, Half Marathon and Marathon Relay and its participants have raised more than $5.2 million for local charities. The October 2019 Marathon raised $14,000 more for local charities than the previous year. The total economic impact on the local economy from the marathon weekend is over $1.2 million.

The Marathon’s 2019 beneficiaries were Eastern Trail Alliance, Girls on the Run, Portland Community Squash, Rippleffect and WinterKids. You can read more about the 2019 beneficiaries or see a complete list of  past charity beneficiaries.

Headquartered in Gorham since its founding in 1868, Gorham Savings Bank is a depositor-owned community bank delivering a full suite of financial services tailored to the needs of Southern Maine’s businesses and consumers. As the only bank headquartered in Cumberland County, GSB serves and supports businesses that value local management, know-how and accountability. The bank offers consumer savings accounts, personal loans, mortgages, HELOCs, CDs, IRAs and financial planning services through its 13 branches and growing network of ATMs, ITMs and mobile services. Gorham Savings Bank is a tireless advocate for the wellbeing of the communities it serves, donating thousands of volunteer hours to dozens of community-based initiatives annually. Gorham Savings Bank is a member of the FDIC. Learn more at gorhamsavings.bank.