Recognizing the critical need for support that Maine nonprofits are faced with in the wake of the COVID-19 pandemic, Machias Savings Bank has announced a $100,000 Rapid Response Grant program to support these organizations. The grants of up to $5,000 are available to applicants immediately.
“Providing quick support to our nonprofit partners across Maine who are directly impacting the community through this pandemic is our priority,” said Melissa Denbow, VP of corporate giving & community relations at Machias Savings Bank. “By providing funding through our Rapid Response Fund, we will help fill the gaps to provide services to those most in need.”
The grant program invites nonprofit organizations that are working directly with the COVID-19 outbreak and its physical and financial consequences to apply for grants up to $5,000 through an application on Machias Savings Bank’s website. Nonprofits that manage food insecurity, services for the aging and isolated, community action programs, and emergency response teams will be prioritized. The bank will be working to fill requests as quickly as possible to allow nonprofits to put these resources into action immediately to continue the essential work being done at this time.
“Our nonprofit community faces unprecedented need. It’s time for us to rally together,” said Larry Barker, president & CEO of Machias Savings Bank. “The physical and financial challenges are mounting across the State, but so is our collective ability to address them. As a bank, we are committed to helping Mainers get through this financial health crisis, one person, one business and one community at a time.”
Furthering its commitment to community, Machias Savings Bank will continue its policy of paying each of its 290 employees for up to 20 hours spent volunteering in their communities. Employees will participate in delivering food and essential items to those who cannot leave their homes while following CDC guidelines and practicing social distancing to ensure safety.
Machias Savings Bank continues to support nonprofits beyond those that are working directly with the pandemic through its Branch Support Funds.
For more information about the Rapid Relief Grant and volunteer programs, please visit MachiasSavings.bank.
Machias Savings Bank is a Maine bank with 16 branches from Portland to Caribou. Based in Machias since 1869, Machias Savings Bank prides itself on exceptional banking, exceptional relationships, and exceptional customer service. More details about Machias Savings Bank can be found online at machiassavings.bank.