Salem Five is committed to helping build stronger, more vibrant and prosperous communities and has established two foundations that help support important causes; the Salem Five Charitable Foundation and the Heritage Salem Five Charitable Foundation. Each foundation has its own purpose, process for reviewing requests and program for giving.
Requests to the Heritage Salem Five Charitable Foundation can be made through our Heritage Grant Program, which provides significant grants of $5,000 or more through a semi-annual award process.
Salem Five Charitable Foundation – Community Donations Program
Requests to the Salem Five Charitable Foundation can be made through our Community Donations Program. This program considers requests on an on-going basis and funds an average of 300 charitable requests per year.
We believe that a strategic focus for our giving is critical to sustaining a lasting impact. Accordingly, focused support falls within three priority areas of concern: Economic Self-Sufficiency, Workforce Development, and Financial Literacy. We do support many worthwhile organizations throughout our communities that fall outside these areas, giving due consideration to all requests. However, as a mutual savings bank our overall sense of purpose is grounded in helping those in our community make smart decisions about financial challenges and opportunities, maintain quality employment, and ultimately, be able to financially sustain themselves and their families.
The Salem Five Charitable Foundation accepts written requests for Community Donations. Donations range in size from $50 to $10,000. Most donations within this program are $1,000 or less. Requests are considered on a monthly basis. If you would like to submit a request online, please fill out this Charitable Request Form. If you would like to download a printable form that can be mailed, emailed or faxed in with additional supporting materials, download a .pdf version of the Charitable
Please note if your organization has 501(c) (3) tax status, you must provide your tax identification number on the application. Completed form and supporting materials should be directed to: