In addition to its Charitable Foundation giving, the Institution for Savings annually distributes more than $15,000 to local area elementary schools through its Coins for a CAUSE (Coins Add Up to Support Education) initiative. Under this program, the public pays a 5% fee to use the coin machines in any Institution for Savings office. The Bank then donates 100% of fees collected each month to a different area elementary parent-teacher organization.
Public elementary schools in the following communities receive these funds: Amesbury, Newburyport, Salisbury, Rowley, Boxford, Middleton, Ipswich, Topsfield, Hamilton, South Hamilton, Wenham, Beverly, Salem, Gloucester and Rockport.
2021 Coins for a C.A.U.S.E. Schedule
Region 1
| Month | Recipient |
|---|---|
| September | Francis T. Bresnahan Elementary School, Newburyport |
| October | Immaculate Conception School, Newburyport |
| November | Newbury Elementary School |
| December | River Valley Charter School, Newburyport |
Region 2
| Month | Recipient |
|---|---|
| September | Steward Elementary School, Topsfield |
| October | Winthrop Elementary School, Ipswich |
| November | Fuller Meadow Elementary School, Middleton |
| December | Howe Manning Elementary School, Middleton |
Region 3
| Month | Recipient |
|---|---|
| September | Veterans Memorial Elementary School, Gloucester |
| October | West Parish Elementary School, Gloucester |
| November | Cutler Elementary School, South Hamilton |
| December | The Bessie Buker Elementary School, Wenham |
Region 4
| Month | Recipient |
|---|---|
| September | Cove Elementary School, Beverly |
| October | Hannah Elementary School, Beverly |
| November | North Beverly Elementary School, Beverly |
| December | Saltonstall School, Salem |
