Nonprofit Insider

10 Nonprofit Groups Receive $39,700 in Grants from Franklin Savings Bank

Ten local organizations received a grant through the FSB Fund for Community Advancement, the philanthropic arm of Franklin Savings Bank. This round of funding represents the 43rd grant cycle. Recipients include Catholic Charities of NH, $5,000; The Front Door Agency (Nashua), $5,000; Grafton County Senior Citizens Council, Inc. (Bristol), $5,400; Health First Family Care Center (Franklin), $4,828; Laconia Area Bicycle Exchange, $2,000; Making Matters NH (Boscawen), $5,000; Newfound Regional High School Robotics Team (Bristol), $2,000; Special Olympics New Hampshire (Manchester), $4,000; Stand Up Winnisquam (Tilton), $5,000; and Webster House (Manchester), $1,500.

“Supporting our communities is at the core of who we are as a community bank,” remarked Ron Magoon, President & CEO.“ During these unprecedented times, the need is even greater and we are doing our part to ensure these local organizations are able to continue to provide critical services to those in need. It’s truly amazing to see how much we have been able to give back to our local communities since we established our Fund.”

The FSB Fund for Community Advancement was established in 1997 to provide support towards projects that will enhance the lives of individuals in the communities served by the Bank. To date, the Fund has awarded 225 grants totaling $1,029,807 to support a broad range of community activities. Areas of support include economic development, affordable housing, education, healthcare, social services, environmental needs, arts and humanities, human services, as well as programs or services that address the needs of children, adolescents, and single parent families.  For more information, visit and click on Community.

Established in 1869, Franklin Savings Bank is an independent, mutually-owned community bank, offering a full array of commercial lending, personal banking and investment services throughout the Central Lakes Region and southern New Hampshire. Headquartered in Franklin, the Bank has offices in Bristol, Boscawen, Tilton, Gilford, Merrimack and Goffstown, as well as an office in Bedford for business lending. The Bank also offers investment, insurance and financial planning services through its wholly-owned subsidiary, Independence Financial Advisors. As a recognized leader in providing the latest in financial services technology, Franklin Savings Bank remains committed to serving the needs of businesses, families and the communities it serves, through a dedicated team of employees, a diverse line of financial products and services, and continued investment in emerging technology.

Since 2009, Franklin Savings Bank has donated over 11% of its net income to charity. Visit to learn more or follow the bank on FacebookLinkedInTwitter and YouTube.

Posted on: October 7, 2020
Topics: Funding Awards

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