Since 1820, the Institution for Savings has played an integral role in supporting the communities we serve. Our vision as an organization is simple, yet daunting: to positively affect every person, business, and organization within the communities we serve.
As a mutual savings bank, our true commitment to our communities extends far beyond profits. From our Trustees and Officers to our Employees, we are all committed to constantly do what we can to improve the lives of those around us.
In recent years, the Institution for Savings, through its Charitable Foundation, has donated and pledged millions of dollars to hundreds of local non-profit organizations on the North Shore. Please click here for more information.
Coins for a C.A.U.S.E
UPDATE: All Bank lobbies are temporarily closed due to COVID-19 so our Coins program is temporarily suspended. We look forward to starting it up again as soon as our offices open for business. At that time we will post an updated schedule.
In addition to the Charitable Foundation giving, the Institution for Savings last year distributed more than $30,000 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 during the month to an area elementary parent-teacher organization.
Sponsorship and Volunteerism
The Bank is a regular sponser of more than 100 events annually within our communities, including the Institution for Savings Holiday Girls Basketball Tournament, the Jeanne Geiger Crisis Center Walk Against Violence, the High Street Mile, the Rockport Illuminations, the Gloucester Schooner Festival, Middle Family Festival and so many other community events that make our communities such great places to live and work.
Additionally, we give of our personal time. Our management staff and employees participate in dozens of community organizations and events annually. Whether it's serving on not-for-profit boards and commissions like Anna Jaques Hospital or the North Shore YWCA, raising funds for needy causes such as the Jeanne Crisis Center, coaching youth sports, volunteering in our schools, or more, our Trustees, Officers and Employees volunteer thousands of hours of their time and talents in ways that truly strengthen and enhance our communities.