Since our founding, we have maintained the firm belief that investing in our communities is an integral part of our continued success. We know that a strong bank, invested in the community, strengthens the local economy.
Northern Bank is the bank of choice for many of the schools, non-profits and other charitable organizations in our communities – partnering with them to advance their mission.
In addition to the many hours our team members dedicate to organization in our communities, we also invest in communities in Middlesex County through the Northern Bank Charitable Foundation.
Northern Bank partnered with Heading Home and Sony Michel to end homelessness in the Greater Boston area. Watch as the New England Running Back welcomes a homeless family into their new home for the holidays. #StayTrue
Created in 2012, the Northern Bank Charitable Foundation provides financial support to non-profits and other community organizations that promote educational opportunities, youth and social services or community development in the towns and cities of Middlesex County.
In 2016, the Foundation provided contributions ranging from $250 to $50,000 to more than 30 local organizations. In March 2019, Northern Bank Charitable foundation exceeded $1 Million in giving.
Interested in applying for charitable funding? Select which type of giving best applies to your group.
|Charitable Foundation||Community Sponsorship||Corporate Giving|
|General Description||Requests are larger contributions made to 501(c)(3) non-profit organizations and are reviewed quarterly. Request should have a CRA community development component*.||Community Sponsorships are contributions made to community-based organizations who then place an ad or logo on their materials, display a banner at an event, or provide some other type of advertising or recognition.||Corporate Giving contributions are smaller contributions made as donations to 501(c)(3) organizations. These do not require placement of marketing or advertising materials.|
|Dollar Amount||Over $2,500.00||Under $2,500.00||Under $2,500.00|
|Eligibility||Applicant must be nonprofit 501(c)(3), with programs that serve low to moderate income individuals, or affordable housing initiatives. Organization should service Middlesex County.||Organization should service Middlesex County.||Organization should service Middlesex County.|
|Organization Type||Affordable Housing, Community Services, Financial Literacy, Community Development.||Youth sports, education, town celebrations, community events, local chambers.||Youth, education, community/town celebrations, local chambers.|
|Application Process||Apply using the link above. Once the application is submitted, they are reviewed on a quarterly basis. If approved you will be contacted.||Apply with the link above. Once application is submitted, they are reviewed on a monthly basis. Please allow 4-6 weeks for review. If approved you will be contacted.||Apply with the link above. Once application is submitted, they are reviewed on a monthly basis. Please allow 4-6 weeks for review. If approved you will be contacted.|
Please note: Northern Bank does not make contributions of any kind to individuals, or individual fundraising efforts, organizations which are religious or political in nature, organizations which are discriminatory in their practice or in-kind donations.
Community development is affordable housing for low and moderate income individuals; community services targeted to low and moderate income individuals; activities that promote economic development by financing small businesses (gross annual revenues of $1 million or less); and activities that revitalize or stabilize low and moderate income geographies.
The Northern Bank Foundation also administers the James E. McGarry Jr. Scholarship Fund.
The $5,000 scholarship, established in 2014, honors the late “Jim” McGarry of Woburn for his 50 years of service to Northern Bank. It also pays tribute to his lifelong affinity for the fire and police departments in his city.
Applications for the 2021 scholarship will be available in the fall.
Congratulations to our 2020 James E. McGarry Scholarship Winner, Samantha Galvin! Samantha maintained an active high school career at North Reading High school, from participating in multiple clubs and sports programs to being a Member of the National Honors Society. As the daughter of North Reading Firefighter, Barry Galvin, Samantha has been inspired by the work her father does serving their community, and has dedicated over 365 hours of her time to community service efforts. Her hard work and dedication have paid off! We wish Samantha the best of luck as she continues her journey at Harvard University this Fall.
Northern Bank encourages employee volunteerism by providing regular opportunities for community involvement with paid time off. Through the Bank's Volunteer Release Time Off Program, we offer eligible employees up to 24 hours per year to actively use their skills and knowledge to volunteer within our community. Northern Bank employees logged more than 1,500 volunteer hours in 2016.
In addition to the Foundation's financial contributions, Northern Bank staff, with support from the Foundation, provide financial literacy education sessions, like the FDIC Money Smart program, for students in local elementary and high schools throughout the year.