#Giving for Good

As a mutual savings bank, the Institution for Savings has always believed in dedicating a part of its assets toward making the communities it serves better places in which to live and work. Our three charitable foundations –Institution for Savings, 2 Depot Square Ipswich and Main Street Rockport—were established as vehicles to guarantee for future generations the charitable giving that has been the Bank's hallmark since 1820.
Our newest program, #Giving for Good, highlights Bank’s volunteerism as well as the non-profit partners that have been recipients of its charitable grants and do so much in our communities. Bank employees are given up to 10 personal time off hours annually to volunteer in our communities. In addition, "green teams" of Bank employees will go out into the community quarterly armed with cash to 'pay it forward': buying someone's lunch, paying for an hour of free coffee at the local coffee shop, purchasing supplies for a local school, and more.


Meet this month's #Giving for Good Hero
Wellspring House Inc. of Gloucester

Founded in 1981 by seven close friends hoping to make a difference in the lives of others, Wellspring House Inc. is a welcoming community that shelters homeless families, provides adult education and job training programs, and offers career and education planning resources. Wellspring House’s mission is to empower individuals and families to live more secure lives through basic needs assistance, education, and job training. Wellspring’s efforts are inspired by the vision of a society where all are welcomed, and everyone has the opportunity to live a full and positive life, which is made possible by caring for the earth and her people by sharing our resources in a spirit of hospitality.
According to its website, Wellspring House has “helped hundreds of families to secure permanent homes, graduated more than a thousand low-income adults from [its] education and job training programs, and facilitated the development of over 100 units of affordable housing on Cape Ann.”
Wellspring assists over 1,000 families each year through its homelessness prevention efforts. In addition to providing emergency shelter placement and assisting families in securing long term housing, Wellspring sponsors a Holiday Store during the winter season that provides 400 families with gifts for their children. Wellspring’s adult education program provides classes in math, English, computer, and career development to help adults take the high school equivalency test, meet the requirements for college entry, and navigate the job market. Additionally, Wellspring collaborates with the Sawyer Free library to provide free English for Speakers of Other Languages courses for adults whose native language is not English. Wellspring also collaborates with North Shore Medical Center and its affiliates to offer a job training and placement program. This program, MediClerk, is completed by approximately 35 students every year and 85% of past students have secured stable administrative jobs in health care settings.
This year the Institution for Savings donated $10,000 to Wellspring’s “Pathways for Personal Success” program, which is part of their Education Resource Collaborative. Overall, this initiative offers customized one-on-one career and educational counseling and group mentoring for adults who seek to gain the skills and educational preparation to secure jobs that will pay living wages. Through the “Personal Pathway for Success” program, students create a detailed road map to a future career goal with the help of assessments that help them understand their learning styles and talents and trained volunteer mentors. The Bank is also an annual sponsor of Wellspring’s Annual Luncheon, attended by more than 600 guests, which focuses on how Wellspring’s personal approach makes a lasting impact in the lives of the individuals and families of Cape Ann.
Wellsping is located at Wellspring House's website at 302 Essex Avenue in Gloucester. For more information, visit www.wellspringhouse.org.


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