The Merrimack County Savings Bank Foundation aims to enrich and improve the quality of life for residents in the bank's service areas by providing financial support to not-for-profit organizations. It ensures that, regardless of economic fluctuations, these organizations receive funding. Initially focused on Merrimack County, the Foundation's geographic scope may expand alongside the bank's growth into new markets.
The Foundation, established with a $1,000,000 investment from Merrimack County Savings Bank, distributes 5% of its endowment annually in grants to not-for-profit organizations. Administered by five Trustees from the bank’s Corporators and Board, these grants support causes that contribute to the enrichment and improvement of community life within the bank's service areas, potentially expanding as the bank services new communities.
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