NATICK – Middlesex Savings Bank, one of the largest mutual banks in Massachusetts, announced it will distribute $1 million through its foundation, the Middlesex Savings Charitable Foundation, to aid local non-profit organizations impacted by COVID-19.
An initial gift of $100,000 will be made to the MetroWest Emergency Relief Fund.
Created by the Foundation for MetroWest, the Fund facilitates rapid delivery of financial resources to MetroWest-based non-profits working with communities significantly impacted by unforeseen crises, such as the COVID-19 pandemic.
Middlesex will distribute subsequent funding over the coming months, as the true impact of the situation unfolds.
“Middlesex understands that the current pandemic is challenging individuals, families and businesses in our community in a variety of ways,” said Mike McAuliffe, president and CEO of Middlesex Savings Bank. “In addition to already working with a number of household and business customers to help navigate through this crisis, we are pledging to support the non-profit organizations who work tirelessly to strengthen our community in difficult times. We sincerely believe that we will all come out stronger on the other side of this situation – in large part due to the important work they carry out.”
The Foundation was established in 2000 to further carry out the philanthropic mission of Middlesex Savings Bank. Since then, the Foundation has provided more than $10 million in grants to local nonprofit organizations, supporting services and programs in a wide variety of fields, including education, public health and welfare, the arts, and community development.
Since the inception of the Foundation, Middlesex Savings Bank has funded the endowment with over $19 million in contributions.
More information is available at https://www.middlesexbank.com/about-us/community-support/middlesex-savings-charitable-foundation.
Middlesex Savings Bank, founded in 1835 and headquartered in Natick, is a mutual savings bank. As one of the largest independent banks in Massachusetts with $5 billion in assets, the Bank has been committed to providing outstanding value in consumer banking and business banking products for 185 years. The FDIC and DIF insured bank has 30 branch offices located in 25 communities – Acton, Ashland, Bedford, Bellingham, Boxborough, Concord, Framingham, Franklin, Groton, Holliston, Hopkinton, Littleton, Maynard, Medfield, Medway, Millis, Natick, Needham, Sherborn, Southborough, Sudbury, Walpole, Wayland, Wellesley, and Westford.