Fund for Community Advancement

The Franklin Savings Bank Fund for Community Advancement was formed in 1997 to provide support for substantial projects that will significantly enhance the lives of people in the communities that make up the primary market area of the bank. Currently, the areas served by the Fund include Boscawen, Bristol, Franklin, Gilford, Goffstown, Merrimack and Tilton. The Fund may also provide support for projects in other surrounding communities. Grant monies requested must provide support to those living in the communities listed above; although not exclusively as many projects have a broader geographic impact that will benefit those in other communities as well.

The Fund is very active in supporting a broad range of community activities. Eligible organizations must be recognized as tax-exempt under section 501(c)(3) of the Internal Revenue Code, or be a school, municipality or other subdivision of government. Categories of support include but are not limited to: affordable housing, health care, social services, arts and humanities, human services, and programs or services addressing the needs of children, adolescents, elders and single parent families. Priority consideration will be given to those programs and services that address the needs of low to moderate income families and individuals. The minimum grant award will generally be $1,000 up to a maximum of $10,000.