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The mission of the Merrimack County Savings Bank Foundation is to provide financial support to not-for-profit organizations that enrich and improve the quality of life of the residents living in the bank’s service areas. It was the donor bank’s intent to see that regardless of economic ups and downs, funding to these organizations be made available. While the bank’s service area at inception was Merrimack County, as the bank grows it will serve more communities, and, therefore, the Foundation’s geographic reach may continue to expand as the bank enters new markets.
In May of 1997, Merrimack County Savings Bank established the Foundation with an initial investment of $1,000,000. Five Trustees, selected from among the Bank’s Corporators and Board of Trustees, were chosen to administer the Foundation and its activities. The Trustees anticipate distributing 5% of the Foundation's endowment, each year, in the form of grants to not-for-profit organizations. A copy of the most recent IRS Form 990 can be found at www.guidestar.org.
Given the many and diverse needs of the Foundation’s communities, it would be inappropriate to define applicant criteria too tightly. However, guidelines are necessary in order to minimize requests which are clearly not consistent with the Foundation’s intentions or capabilities.
In order to assure fairness, consistency and as much objectivity as possible in the grant allocation process, all grant requests will be accepted on a common basis. Five (5) copies of the entire application package are required. A grant request will not normally be considered by the Board unless it includes, at a minimum:
There will be one scheduled funding period each year. Applications for this period will be accepted during the month of September. October 1st will be the last date of acceptance for that year's grant consideration.
Application requests and information will be received, on behalf of the Foundation, by the Foundation’s Secretary or his/her designee. The Foundation’s Secretary will review applications for completeness of materials and appropriateness of requests for the Foundation’s purpose. Organizations should expect a response to their application six to eight weeks after the submission deadline.
Applications must be complete in order to be considered. Complete applications should be submitted to:
Merrimack County Savings Bank Foundation
Attn: C. Scheiner
P.O. Box 2826
Concord, NH 03302-2826